• Operations Associate

    Job Locations IN-Mumbai
  • Company Overview

    Interactive Brokers Software Services (India) Private Limited, a subsidiary of Interactive Brokers Group, Inc. (NASDAQ:  IBKR) 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 Software Services (India) Private Limited ("IBSSI") is a subsidiary of Interactive Brokers Group, Inc. (NASDAQ: IBKR), 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 27 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 over 900,000 trades per day[1]. Our 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.We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our customers with a uniquely sophisticated platform to manage their investment portfolios at the lowest cost according to Barron’s Best Online Brokers review, March 20, 2018. We strive to provide our customers with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low prices, positioning them to achieve superior returns on investments.
    **Click the link to view a short video with a few words from current Interactive Brokers employees:
    [1] Figures as of April 1, 2018. Information on the company can be found at www.interactivebrokers.com

    Job Description and Responsibilities

    The position will support both local and global Operations, Control functions and Customer Communication related functions; for both cash and derivative markets. 
    - Clearing Operations– daily reconciliation of trades, positions and settlements for local and global affiliates. There will be an emphasis on European markets. 
    - Proxy Support– functional support for proxy-related functions for North American markets, including reconciliation of record date positions and management of client requests related to voting and material distribution.
    - Financial Control– daily reconciliation of settlements, corporate actions, dividends, stock loan, etc.; against the Firm’s external clearing banks. There will be an emphasis on settlements for both local and Asia/Pacific markets.    
    - Local Market (NSE)– handling of depository functions (National Securities Depository Limited) along with other local market reconciliation functions.


    - Bachelor's degree in Finance, Economics or Mathematics preferred.
    - Strong problem solving and analytical skills.
    - Strong organizational skills.
    - High degree of comfort and fluency with computers and technology, and understanding of how technology is applied to business or an ability to develop this rapidly.
    - Logical approach to problem solving.
    - Detailed oriented with excellent maths skills.
    - Ability to efficiently handle multiple tasks with minimal supervision.
    - Self-Motivated and energetic.
    - Professional demeanour and strong communications skills.
    - Intermediate level of proficiency in MS Excel and Access.
    - Ability to work in a small-team environment.


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