Associate Director, Treasury - COO Group
$125,000–$140,000 year
On-siteChicago, Illinois, United States
Job Summary
Oversee daily treasury operations for the Futures and Cleared Derivatives team, managing segregated and non-segregated bank accounts for client margin, proprietary trading, and operational funding. Monitor daily cash positions, approve fund transfers, and ensure compliance with CFTC and IIROC/CIRO regulations regarding customer fund segregation and collateral management. Reconcile multiple bank accounts across US and Canadian entities, resolving discrepancies and maintaining accurate records for audit purposes. Coordinate margin settlements with clearing houses and client services teams to optimize efficiency while adhering to risk policies. Lead a geographically dispersed team of seven professionals, handling hiring, performance management, and succession planning across Chicago and Halifax. Drive process improvements and system integrations within ION XTP and related platforms to reduce operational risk. Serve as the primary liaison to banking partners and clearing houses, ensuring seamless cross-functional collaboration with operations, compliance, and risk teams.
Required Qualifications
- Bachelor's degree in finance, Accounting, Business Administration, or related field
- Minimum 8–10 years of progressive experience in futures operations, treasury, or financial services operations
- At least 3–5 years in a people management role
- Deep understanding of FCM treasury operations, including cash and collateral management, margin processing, and bank reconciliations
- Strong knowledge of US CFTC regulations (Parts 1, 22, 30), NFA requirements, and Canadian IIROC/CIRO rules related to customer segregation, capital, and custody
- Proven ability to lead and develop teams across multiple locations
- Excellent analytical, problem-solving, and organizational skills
- Strong communication and stakeholder management abilities
- Proficiency in Microsoft Excel
- Experience with treasury or operations systems (ION XTP preferred)
- Proven experience managing regulatory audits, documentation frameworks, and compliance controls around collateral management and fund segregation
Desired Qualifications
- Awareness of regulatory developments around digital assets and tokenization
- Experience with UK/EU regulatory frameworks (FCA, EMIR) related to futures clearing
- Familiarity with multiple clearing houses (CME, ICE, CDCC, Eurex) and their margin and collateral requirements
- Experience implementing process improvements or technology solutions in treasury operations
- Knowledge of reconciliation tools (e.g., Imatch ETD, Xceptor, XTPMatch)
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