Urwah Admin

Pakistan Mercantile Exchange

Clearing &amp; Settlement Operations<ul><li>Supervise daily clearing and settlement of trades executed on the exchange.</li><li>Ensure timely margin collection, mark-to-market adjustments, and final settlement of contracts.</li><li>Monitor delivery and receipt obligations in case of physical settlement of commodities.</li><li>Manage reconciliation of member accounts, bank accounts, and collateral positions.</li><li>Ensure compliance with settlement cycles and timelines.</li><li>Supervise market operations activities, including the setup of new futures contracts, determination of related margins, market timings, and preparation of the settlement calendar for deliverable contracts.</li><li>Ensure that system changes align with defined business requirements prior to deployment in the production environment.</li></ul>Collateral &amp; Banking Operations<ul><li>Oversee collateral management including cash, securities, and commodities.</li><li>Coordinate with settlement banks, custodians, and depositories for fund and asset transfers.</li><li>Monitor collateral valuation and ensure appropriate haircuts are applied.</li><li>Manage bank account operations including daily reconciliations.</li><li>Manage daily cash collections and withdrawals against Initial Margin and Clearing Deposits, while coordinating with settlement banks to resolve any transaction disputes.</li><li>Prepare and review reconciliations of Margins and Deposits (M&amp;D) accounts to ensure accuracy and compliance.</li></ul>Technology &amp; Process Management<ul><li>Coordinate with IT teams to ensure clearing and settlement systems are robust, secure, and efficient.</li><li>Monitor system performance and resolve operational bottlenecks.</li><li>Ensure process automation, business continuity, and disaster recovery readiness.</li></ul>Compliance &amp; Regulatory Reporting<ul><li>Ensure all operations comply with exchange rules, clearing house regulations, and SECP (or relevant regulator) directives.</li><li>Prepare and submit required reports (settlement reports, exposure reports, collateral reports, etc.) to regulators and management.</li><li>Maintain transparent records and audit trails.</li></ul>Member &amp; Stakeholder Coordination<ul><li>Act as the primary point of contact for clearing members, brokers, and settlement banks regarding operational matters.</li><li>Provide operational guidance and support to market participants.</li><li>Conduct training sessions and awareness programs for members.</li></ul>Team Leadership &amp; Administration<ul><li>Lead and supervise the operations team ensuring accuracy, discipline, and efficiency.</li><li>Develop SOPs and ensure adherence across all processes.</li><li>Provide training, mentoring, and performance management for the team.</li></ul>Strategic &amp; Continuous Improvement<ul><li>Identify gaps in clearing and settlement processes and recommend improvements.</li><li>Participate in new product launches and ensure operational readiness.</li><li>Collaborate with management to align operations with overall exchange strategy</li></ul>Education: Postgraduate in Accounts / Business / StatisticsExperience: Minimum 08 years with 2-3 years in related industrySkills: MS Excel / MS Word / Power PointJob Type: Full-timePay: Rs200,000.00 - Rs300,000.00 per monthWork Location: In person

Senior Manager - Market Operations

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Pakistan Mercantile Exchange

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Senior Manager - Market Operations