Futures Clearing Analyst in Slough

Tradition is the interdealer broking arm of Compagnie Financière Tradition and one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. CFT is represented in over 28 countries, employing over 2,500 people. Tradition’s goal is to provide superior client services. It believes its business success is a direct reflection of its employees and recruits. As such, teamwork, creativity, reliability and integrity are components of a work ethic taken very seriously since the company was founded in 1959.

Main responsibilities within the Futures Clearing Analyst position include:

• Allocate trades accurately on trade date (T+0) across client accounts, clearing brokers, and give-up/take-up flows, ensuring all deadlines are met.
• Utilise allocation systems (e.g. SEALS or equivalent) and exchange platforms (e.g. ICE Block, Eurex T7) to process trades efficiently.
• Ensure accuracy of account mappings, exchange codes, give-up identifiers, and clearing instructions at all times.
• Perform real-time and end-of-day reconciliations between front office/order management systems, exchange feeds, and clearing broker platforms.
• Investigate and resolve allocation breaks, trade mismatches, position discrepancies, and system issues in a timely manner.
• Escalate unresolved discrepancies in line with established control frameworks and procedures.
• Manage the full lifecycle of give-up trades, including submission, monitoring, and clearing broker acceptance or rejection.
• Liaise with brokers, clearing brokers, and clients to ensure timely processing and resolution of trade-related issues.
• Monitor exchange deadlines for give-up acceptance to prevent trade failures.
• Ensure adherence to pre- and post-trade controls, internal policies, regulatory requirements, and segregation of duties.
• Identify and mitigate risks such as incorrect allocations, late bookings, and mis-clearing of trades.
• Maintain a clear and auditable record of all allocation and trade-related activities.
• Engage daily with front office teams, clearing brokers/FCMs, exchanges, and internal Risk and Compliance functions.
• Provide timely updates on breaks, failed trades, and late bookings, acting as a key point of contact for trade allocation and post-trade queries.

Key skills and experience required in this role:

• Proven experience in trade allocation (T+0) and T+1 break resolution, including late bookings and rejected give-up trades within a Futures & Options environment.
• Strong understanding of the exchange-traded derivatives lifecycle and give-up/take-up processes across multiple clearing brokers.
• Hands-on experience with allocation systems (e.g. SEALS or similar) and exchange platforms such as CME, ICE, and Eurex.
• Experience working in an Interdealer Broker (IDB) or similar fast-paced trading environment is highly desirable.
• High attention to detail with the ability to manage high-volume, time-critical workflows and meet tight exchange deadlines.
• Strong problem-solving, communication, and stakeholder management skills, with the ability to liaise effectively with front office teams and external counterparties.

Tradition do not accept agency CV’s. Please do not forward CV’s to our employees or Talent team. Tradition are not accountable for any fees related to unsolicited resumes. The Talent team will reach out to trusted agents when required.

Please note, due to the large volume of applications for this position, only suitable candidates will be contacted. If you have not heard from us within 14 days, unfortunately, your application has been unsuccessful.

Tradition welcome all suitable applications and are an equal opportunity employer who value diversity. All employment is decided on the basis of qualifications and merit.

By applying for this role, you agree that we may retain your details on our system for a period of 6 months and may contact you for any future vacancies that may arise within the Tradition Group.