Head of Futures & Derivatives Clearing Operations, Pune

Key Responsibilities

• End-to-End FDC Operations Leadership Lead the India FDC team delivering Brokerage, Trade Management, Reference Data and Control activities across futures and cleared derivatives.
• Ensure seamless trade clearing and lifecycle management, from trade capture through to settlement, reconciliation, and accounting.
• Oversee brokerage processing and documentation, including Give-Up Agreements (Docs) and FIA frameworks.
• Ensure effective management of exceptions, breaks, and operational risk events across products, markets, and currencies.
• Drive consistency and standardization across processes aligned to global frameworks 2. (Candidate Dependent) Global Functional Head of Reference Data - FDC Operations Lead the global review and build out of end-state reference data processes and platforms, inclusive of talent and location strategy Capture current state processes, identify opportunities of weakness, prioritize remediation and implement solutions to address challenges Review and refine global location strategy in function Ensure effective resource and workflow management Enhance training and talent development plus performance assurance programs Drive consistency and standardization across processes aligned to global frameworks 3.
• Team Build-Out & Leadership Build, scale, and lead a strategic FDC Markets Operations hub in Pune.
• Define and implement an integrated organization structure aligned to global operating model priorities.
• Recruit, develop, and retain high-performing talent across multiple levels (Analyst to Director pipeline).
• Establish strong governance, operating rhythms, and performance management discipline.
• Foster a culture of accountability, control ownership, and continuous improvement.
• Drive effective knowledge transfer and integration with global teams.
• Engage and be an active member of site leadership and culture. 4.
• Controls, Risk & Regulatory Management Implement and maintain a robust end-to-end controls framework across trade lifecycle, brokerage, and accounting processes.
• Embed strong preventative and detective controls, with clear ownership and escalation frameworks.
• Ensure that all team members and processes operate in accordance with books and records protocols
• that personnel understand the impact of trade flow and journals on general ledger and sub ledger records Partner across the stack to deliver high quality service.
• Partner with Legal, Compliance, and Risk to manage documentation-driven obligations (e.g., Give-Up Agreements) and regulatory requirements.
• Proactively assess and respond to regulatory and market structure changes impacting FDC operations.
• Oversee a dedicated Controls team, ensuring effective execution and continuous enhancement of the control environment. 5.
• Strategic Change & Transformation Lead strategic initiatives to enhance operating model efficiency, scalability, and resilience.
• Drive improvements across documentation management, trade processing, and brokerage structures.
• Partner with Technology to deliver automation, system enhancements, and improved data integrity.
• Support broader Markets Operations transformation agenda, including cost optimization and process digitization.
• Champion a culture of innovation and continuous improvement. 6.
• Stakeholder Management & Governance Act as a senior point of contact for stakeholders across Markets, Finance, Technology, Legal, Compliance, and Risk.
• Build and maintain strong relationships with external brokers, clearing houses, clients, and industry bodies.
• Provide clear and transparent reporting on operational performance, risks, and control effectiveness.
• Support senior leadership in strategic decision-making, issue resolution, and prioritization.
• Represent India operations in global governance forums.
• Qualifications & Experience Experience: 10+ years in Markets Operations, with strong exposure to Futures & Derivatives Clearing.
• Proven leadership experience across Brokerage, Trade Management, and/or Controls functions.
• Strong knowledge of Give-Up Agreements (Docs), FIA documentation, and brokerage structures.
• Strong knowledge of reference data and the ability to map complex end to end flows in order to simplify and to enhance control.
• Demonstrated experience in building and leading teams.
• Demonstrated ability to ensure integrity in general ledger and sub ledger processes.
• Proven ability to design and implement robust control frameworks in a complex, global environment.
• Strong understanding of trade lifecycle processing, clearing models, and exchange-traded derivatives.
• Experience managing regulatory and documentation-driven change initiatives.
• Excellent stakeholder management, communication, and influencing skills.
• Strong analytical mindset with a focus on risk mitigation and operational efficiency.
• Ability to operate effectively in a fast-paced, global environment. ------------------------------------------------------ Job Family Group: Operations - Transaction Services ------------------------------------------------------ Job Family: Securities and Derivatives Processing ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Most Relevant Skills Please see the requirements listed above. ------------------------------------------------------ Other Relevant Skills For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------ Citi is an equal opportunity employer
• qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran
• any other characteristic protected by law.
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