Interactive Brokers seeks an Operations Associate to join our Clearing Department. The Associate will be expected to operate, enhance and test the group’s constantly evolving, proprietary back office system. Analysis of trade data, settlement risk and other operational risk assessment will be an ongoing responsibility. The ideal candidate will be able to interface seamlessly with internal and external customers, counter-parties and clearing organizations. All associates are expected to focus on automated solutions to complex problems of varying degrees. Skills required include the ability to learn to work with sophisticated computer systems developers, eventually including the creation of business specifications for new or enhanced system functionality and new product support.
Interactive Brokers, a subsidiary of Interactive Brokers Group, Inc. (NASDAQ: IBKR), is a direct access electronic broker catering to the needs of professional and frequent traders, institutional investors, financial advisors, and introducing brokers. Our clients have access to more than 100 market centers in 26 countries from a single account. We are the lowest cost provider of brokerage services and the largest U.S. electronic broker based on daily average revenue trades executing 657,000 trades per day. At Interactive Brokers, employees are part of a dynamic, multinational, fast paced, results oriented team working to provide our customers with state-of-the-art trading technology, superior execution capabilities, worldwide electronic access, and sophisticated risk management tools. 
Interactive Brokers(IB) is looking for an individual to control the reconciliation processes of a broad range of products, venues and clearing locations on a daily basis. Specific products include: stock, fixed income securities, forex, options, and futures.
IB's proprietary reconciliation systems automatically analyze, compare and match data based on numerous criteria. This leaves only exception based issues to be handled and the Associate will be relied upon as a specialist to address these exceptional issues. There will be frequent communication with exchanges, electronic communication networks (ECNs), interbank dealers and clearing organizations to resolve trading discrepancies. The Associate will be required to compile weekly, monthly and quarterly regulatory reports.
The Associate will be expected to constantly evaluate systems and processes to identify inefficiencies and to interface with our software developers to recommend system improvements. This includes improvements to our proprietary systems as well as systems that interface with external third-parties.