üèó We're Hiring: Senior Derivatives Clearing Specialist
üìç Location: United Arab Emirates (Remote)
üïí Employment Type: Full-Time
üíº Experience Level: Mid-Level to Senior
üåê Work Arrangement: Fully Remote
About UsWe are a construction-focused organization committed to financial integrity, effective risk management, operational excellence, and transparent business practices. Our teams collaborate across Finance, Treasury, Commercial, Procurement, Legal, Risk Management, and Executive Leadership to support reliable financial operations and manage financial exposures associated with international projects.
The RoleWe are seeking an experienced Senior Derivatives Clearing Specialist to oversee the clearing and settlement of derivative transactions, manage clearing-related reconciliations, monitor margin requirements, and coordinate with clearing brokers and central counterparties. The successful candidate will ensure accurate transaction processing, timely settlement, effective risk controls, and compliance with applicable clearing procedures and regulatory requirements.
Key Responsibilities
- * Manage the clearing lifecycle of exchange-traded and eligible over-the-counter derivative transactions.
- Coordinate trade submission, confirmation, allocation, clearing, and settlement activities.
- Reconcile cleared trade positions against clearing broker, exchange, and central counterparty records.
- Monitor initial margin, variation margin, collateral requirements, and margin call deadlines.
- Investigate discrepancies involving trade details, clearing records, margin calculations, fees, and settlement balances.
- Coordinate with clearing brokers, central counterparties, custodians, Treasury, Finance, and Risk Management teams.
- Monitor trade rejections, unmatched transactions, failed settlements, and other operational exceptions.
- Verify trade data, contract specifications, product details, and transaction records for accuracy.
- Support daily position reconciliation and reporting of cleared derivatives exposures.
- Monitor clearing limits, collateral sufficiency, liquidity requirements, and counterparty exposures.
- Review clearing statements, transaction fees, commission charges, and related financial adjustments.
- Maintain accurate clearing records, reconciliation schedules, transaction confirmations, and audit trails.
- Support the resolution of clearing disputes and escalate material operational or financial risks.
- Ensure clearing activities comply with internal policies, contractual obligations, and applicable UAE regulatory requirements.
- Assist with month-end and year-end closing activities involving derivative positions, margin balances, and clearing costs.
- Prepare reports covering cleared positions, margin utilization, outstanding exceptions, and settlement performance.
- Support internal and external audits by providing transaction records and clearing documentation.
- Identify opportunities to improve clearing workflows, reconciliation controls, and operational automation.
- Assist with system upgrades, testing, and implementation of clearing and derivatives operations platforms.
- Maintain confidentiality when handling sensitive financial positions, transaction data, and counterparty information.
- Perform other derivatives clearing, settlement, reconciliation, and risk control duties as assigned by management.
Qualifications and Experience
- * Bachelor's degree in Finance, Accounting, Economics, Banking, or a related discipline.
- Relevant experience in derivatives clearing, post-trade operations, clearing brokerage, or financial markets operations.
- Strong understanding of exchange-traded derivatives, OTC clearing, settlement processes, and margin requirements.
- Experience with trade reconciliation, collateral management, clearing statements, and exception resolution.
- Familiarity with central counterparties, clearing brokers, and relevant market infrastructure.
- Knowledge of counterparty risk, liquidity management, operational controls, and applicable regulatory requirements.
- Proficiency in Microsoft Excel and relevant derivatives clearing or trade processing systems.
- Strong analytical, numerical, problem-solving, and documentation skills.
- Excellent communication and stakeholder coordination abilities.
- High standards of accuracy, integrity, confidentiality, and accountability.
Preferred Certifications
- * Financial Risk Manager (FRM)
- Chartered Financial Analyst (CFA)
- Association of Chartered Certified Accountants (ACCA)
- Relevant derivatives, financial markets, or clearing operations certifications
Key Performance Indicators (KPIs)
- * Accuracy and timeliness of derivative clearing and settlement.
- Reconciliation completion rates and reduction in outstanding breaks.
- Timeliness of margin processing and collateral settlement.
- Reduction in trade rejections and failed settlements.
- Compliance with clearing procedures and internal controls.
- Effectiveness of exception management and dispute resolution.
- Improvements in operational efficiency and processing automation.
What We Offer
- * Competitive compensation based on experience and qualifications.
- Fully remote working arrangements.
- Opportunities to strengthen derivatives operations and financial risk controls.
- Collaboration with multidisciplinary teams supporting international projects.
- Professional development and continuous learning opportunities.
- A supportive environment that values accuracy, integrity, and operational excellence.
How to ApplyInterested candidates are invited to submit an updated CV and cover letter highlighting their derivatives clearing experience, post-trade operations expertise, and relevant professional qualifications.
Join our team and help deliver accurate, efficient, and controlled derivatives clearing operations.
