Senior Fee Operations Reconciliations Manager

Selby Jennings Ltd

  • Chicago, IL
  • 8 days ago

    Highlights

    Provide mentorship and guidance to junior team members and act as a subject matter expert for fee operations-related matters. Key Responsibilities: Lead the reconciliation and oversight of clearing, exchange, regulatory, and other transaction-based fees across multiple products and counterparties.

    Numbers & Facts

    LocationChicago, IL

    Description

    Key Responsibilities:

    • Lead the reconciliation and oversight of clearing, exchange, regulatory, and other transaction-based fees across multiple products and counterparties
    • Serve as the primary escalation point for complex fee discrepancies, driving investigations through resolution
    • Review and challenge fee calculations, invoices, and broker/exchange statements to ensure accuracy and proper implementation of fee schedules
    • Design and enhance reconciliation processes, controls, and reporting frameworks to improve efficiency and scalability
    • Partner with Accounting, Operations, Clearing, Technology, and business teams to ensure accurate fee allocation and reporting
    • Analyze large datasets to identify trends, revenue leakage, control gaps, and opportunities for process improvement
    • Drive strategic initiatives related to fee management, automation, and operational risk reduction
    • Provide mentorship and guidance to junior team members and act as a subject matter expert for fee operations-related matters
    • Support audits, regulatory inquiries, and management reporting requirements

    Requirements:

    • Bachelor's degree in Finance, Accounting, Economics, or a related field
    • 10-12+ years of experience within fee operations, reconciliations, finance operations, accounting, clearing, or related capital markets functions
    • Strong understanding of exchange fees, clearing fees, brokerage charges, and regulatory fee structures
    • Advanced Excel and SQL skills required; Python, Alteryx, or automation experience strongly preferred
    • Proven track record of driving process improvements, implementing controls, and managing complex reconciliations
    • Experience partnering with senior stakeholders across Finance, Operations, Technology, and business teams

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