The Tidal Financial Group is a leading ETF investment technology platform dedicated to creating, operating, and growing ETFs. We combine expertise and innovative partnership approaches to offer comprehensive, value-generating ETF solutions.
Our platform offers best-in-class strategic guidance, product planning, trust and fund services, legal support, operations support, marketing and research, and sales and distribution services.
About the role
The Middle Office Operations AVP will oversee the daily operations of trading activities, including managing processes supporting derivatives, fixed income products, and cash management. This role involves ensuring seamless securities clearing, implementing effective trade reconciliation processes, and enhancing the efficiency of trading operations. The ideal candidate will have a deep understanding of various financial instruments, strong accounting skills, and a keen attention to detail to support accurate financial transactions.
What you'll do
- Ensure that daily trading operations run smoothly, including support for derivative and cross-asset trading, managing collateral, and cash management activities.
- Ensure efficient and timely securities clearing, settlement, and reconciliation processes.
- Monitor trading workflows and enhance operational efficiency to minimize risk and errors.
- Ensure all trades are accurately recorded in relevant systems and that all discrepancies are promptly addressed.
- Collaborate with traders, portfolio managers, and back-office teams to ensure alignment in trading strategies and processes.
- Conduct regular reviews of trading systems, processes, and procedures to ensure compliance with internal policies and regulatory requirements.
- Manage cash flows and liquidity requirements to support trading activities.
- Develop and implement best practices for accounting, reporting, and reconciliation of trading activities.
- Analyze trade data and prepare reports to inform decision-making and optimize trade performance.
- Maintain up-to-date knowledge of market regulations, trading technologies, and financial products.
- Participate in the development and maintenance of trading team procedures documentation.
- Work closely with internal and external partners to ensure accuracy and transparency in reporting and reconciliation.
Required Qualifications
- Experience: Minimum of 2 years of experience in the brokerage and/or financial advisory industries, with a solid working knowledge in derivatives, fixed income products, and securities clearing.
- Education: Bachelor’s degree in Finance, Accounting, Economics, or a related field is preferred. An advanced degree or relevant certification (e.g., CFA, CPA) is a plus.
- Technical Knowledge: Solid understanding of derivative trading, fixed income products, cash management, and clearing processes. Proficient in Excel and other Microsoft Office applications.
- Accounting Skills: Strong grasp of accounting principles, particularly in relation to trading and financial transactions.
- Attention to Detail: High degree of accuracy and thoroughness in managing trading operations and handling large volumes of financial data.
- Problem-Solving: Ability to quickly identify issues, analyze data, and implement effective solutions.
- Communication: Excellent verbal and written communication skills for collaborating with multiple custodial and fund accounting partners and presenting reports.
- Leadership: Proven ability to work in a collaborative team environment while driving process improvements.
Preferred Qualifications
- Experience with trading platforms, order management systems (OMS), and post-trader processing.
- Familiarity with regulatory requirements related to trading activities.
- Experience working in a high-paced, deadline-driven environment.
Strong preference for for candidates with close proximity to Chicago, Milwaukee, Omaha, or West Palm Beach, but not required!
The pay range for this role is:
80,000 - 115,000 USD per year (USA)