Clearing Operations Manager

📌 Position: Clearing Operations Manager📍 Location: Chicago, Illinois (must live in or relocate to the Chicago area)🏢 Schedule: On site, full time, Monday to Friday at our River North office💼 Type: Full-Time, direct EdgeClear employee with benefits📈 Experience: 5+ years in futures clearing operations at an FCM, clearing firm or carrying broker🏦 About EdgeClearEdgeClear is a pending non-clearing Futures Commission Merchant (FCM). As an FCM, EdgeClear will carry customer accounts and clear through a primary and a secondary clearing firm on an omnibus basis. We combine an experienced brokerage team with proprietary trading and risk technology.We are hiring our first Clearing Operations Manager to own clearing operations for the FCM. This is a direct internal position and a founding role on our FCM operations team, reporting to the President.🎯 The RoleYou will make sure every trade, position and dollar agrees across our back office, our clearing firms and our execution feeds, every trading day, and resolve every break before the next open. You will work daily in QST Quick Back Office (QBO), clearing firm omnibus statements and execution data. Before launch, you will help build and test these processes. Training on the back-office software is provided. Our objective is simple: customers see correct positions, balances and statements every morning, with no exceptions carried forward.📋 Key ResponsibilitiesReconciliation and Break ResolutionReconcile Quick Back Office (QBO) against each clearing firm against the execution feeds, at customer account level, before the next trading dayInvestigate and resolve broken trades with the clearing firms: unmatched and out trades, price and quantity discrepancies, wrong account allocationsHandle busts and adjustments under exchange error trade rulesReconcile bank activity to Quick Back Office (QBO) ledgers as an independent check on TreasuryMargin, Positions and Clearing FirmsAgree positions, open trade equity, cash and fees with each clearing firm's daily omnibus statementsRun the daily omnibus margin process, including the offsetting that determines margin posted at the clearing firmsWork under-margined accounts and margin calls with the Risk ManagerProcess account transfers between clearing firms and to or from other FCMsContract Lifecycle, Regulatory Output and FeesManage contract expirations, first notice and delivery risk, and options exercise and assignment with the Trade DeskVerify customer daily and monthly statements, large trader reporting, ownership and control reporting, and special call position dataAudit clearing, exchange and NFA fees and clearing firm invoices against contracted ratesPre-Launch BuildLearn QBO and take part in user acceptance testing with the vendorSupport onboarding with our primary clearing firm and keep the secondary clearer tested and readyWrite clearing operations procedures, break handling runbooks and escalation pathsRun end-to-end rehearsals before go-live✅ Required Skills & QualificationsExperience: 5+ years in futures clearing operations at an FCM, clearing firm or carrying brokerReconciliation: Daily three-way reconciliation of back office records, a clearing firm and execution feeds, performed by youBreak Resolution: Hands-on resolution of broken, out and error trades, including exchange error trade proceduresTechnology Skills: At least one back office clearing system such as GMI, Rolfe and Nolan or QBO, plus strong Excel. QBO training is provided and you will become the firm's QBO expertRegulatory Knowledge: Working knowledge of omnibus margining and CFTC customer funds rulesCollaboration: Comfortable working daily with Treasury, Risk, the Trade Desk, Compliance and our technology teamProblem-Solving: Traces a break to its root cause and fixes the process, not just the entryCompleting the Circle: Every break closed, documented and explained before the next openCoachable: Open to feedback and quick to learn a new back office system⭐ Other Preferred SkillsNew FCM Build: Experience setting up a new FCM, a new clearing relationship or a back office migrationExecution Data: Experience with T4 or Rithmic dataData Skills: SQL, Python or other scripting to automate reconciliationsLicensing: Series 3Trading: Trading and/or investing experience is a plus📌 Additional DetailsQBO training and full onboarding to our clearing relationships and proceduresThe chance to build FCM clearing operations from the ground upCareer development roadmap for all employeesOffices in River North, Chicago🚀 Why Join EdgeClear?Impact: You set the operating standard for a new FCMCareer Growth: A founding role that grows with the firmOwnership: Clear scope, direct line to leadership, decisions that stickTeam Environment: A small, experienced brokerage team backed by in-house technologyBenefits: 401(k) match and health insurance contribution💰 CompensationBase salary of $115,000 to $135,000, depending on experience, plus 401(k) match and health insurance contribution.📞 ReferencesPlease be ready to provide 2 to 3 professional references.⚠️ NOTE: ADJUST YOUR RESUME TO SHOW THE REQUIRED SKILLS. APPLICATIONS THAT DO NOT DEMONSTRATE ALIGNMENT WILL NOT ADVANCE.