Senior Manager - Market Operations

Clearing & Settlement Operations

• Supervise daily clearing and settlement of trades executed on the exchange.
• Ensure timely margin collection, mark-to-market adjustments, and final settlement of contracts.
• Monitor delivery and receipt obligations in case of physical settlement of commodities.
• Manage reconciliation of member accounts, bank accounts, and collateral positions.
• Ensure compliance with settlement cycles and timelines.
• 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.
• Ensure that system changes align with defined business requirements prior to deployment in the production environment.

Collateral & Banking Operations

• Oversee collateral management including cash, securities, and commodities.
• Coordinate with settlement banks, custodians, and depositories for fund and asset transfers.
• Monitor collateral valuation and ensure appropriate haircuts are applied.
• Manage bank account operations including daily reconciliations.
• Manage daily cash collections and withdrawals against Initial Margin and Clearing Deposits, while coordinating with settlement banks to resolve any transaction disputes.
• Prepare and review reconciliations of Margins and Deposits (M&D) accounts to ensure accuracy and compliance.

Technology & Process Management

• Coordinate with IT teams to ensure clearing and settlement systems are robust, secure, and efficient.
• Monitor system performance and resolve operational bottlenecks.
• Ensure process automation, business continuity, and disaster recovery readiness.

Compliance & Regulatory Reporting

• Ensure all operations comply with exchange rules, clearing house regulations, and SECP (or relevant regulator) directives.
• Prepare and submit required reports (settlement reports, exposure reports, collateral reports, etc.) to regulators and management.
• Maintain transparent records and audit trails.

Member & Stakeholder Coordination

• Act as the primary point of contact for clearing members, brokers, and settlement banks regarding operational matters.
• Provide operational guidance and support to market participants.
• Conduct training sessions and awareness programs for members.

Team Leadership & Administration

• Lead and supervise the operations team ensuring accuracy, discipline, and efficiency.
• Develop SOPs and ensure adherence across all processes.
• Provide training, mentoring, and performance management for the team.

Strategic & Continuous Improvement

• Identify gaps in clearing and settlement processes and recommend improvements.
• Participate in new product launches and ensure operational readiness.
• Collaborate with management to align operations with overall exchange strategy

Education: Postgraduate in Accounts / Business / Statistics

Experience: Minimum 08 years with 2-3 years in related industry

Skills: MS Excel / MS Word / Power Point

Job Type: Full-time

Pay: Rs200,000.00 - Rs300,000.00 per month

Work Location: In person