Square Global Markets
Senior Equity & ETF Operations
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Company Description
Square Global Markets is a specialist financial services firm providing tailored solutions across cash equities, ETFs, and vanilla and exotic equity derivatives. Leveraging an extensive network of investment banks and market-makers, the firm delivers competitive pricing, deep liquidity, and high-quality execution in both listed and OTC markets. Its strong product expertise, analytical capabilities, and robust execution platforms enable clients to meet evolving investment objectives and regulatory requirements with transparency across the trade lifecycle. With partners bringing over 100 years of combined experience from top-tier investment banks and interdealer brokerage firms, Square Global Markets focuses on technological innovation and expert analysis to offer best-in-class solutions.
Role Description
The Senior Equity & ETF Operations role is a full-time position based in Greater London with a hybrid working model that combines office-based and work-from-home arrangements. The individual in this role will oversee end-to-end operational processes for equity and ETF trades, including trade capture, confirmation, allocation, settlement, and reconciliation across multiple venues and counterparties. Responsibilities include daily monitoring of trade flows, resolving breaks and discrepancies, managing corporate actions and lifecycle events, and ensuring accurate client reporting. The role involves close collaboration with trading, sales, risk, compliance, and technology teams to support efficient execution, manage operational risk, and maintain robust control frameworks. The Senior Equity & ETF Operations professional will also contribute to process improvement initiatives, system enhancements, and implementation of best practices to support business growth.
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Key Responsibilities
- Manage the complete trade lifecycle for Equity and ETF transactions, from execution through to settlement.
- Monitor daily trade support activities, ensuring timely affirmation, matching and settlement across multiple markets.
- Investigate and resolve trade exceptions, settlement fails, breaks and unmatched trades.
- Perform daily cash and position reconciliations across custodians and counterparties.
- Manage corporate actions, static data maintenance and operational controls.
- Monitor and manage settlement risk across EMEA and US markets.
- Manage daily EMEA and US funding requirements, ensuring sufficient liquidity to meet settlement obligations.
- Oversee CSDR settlement discipline, including late matching, settlement fails, cash penalties and remediation activities.
- Liaise with traders, brokers, custodians, market makers, Authorised Participants (APs) and clearing houses to resolve operational issues efficiently.
- Ensure operational processes comply with internal controls, market regulations and industry best practices.
- Identify opportunities to automate manual processes and improve operational efficiency.
- Support new product launches, operational change initiatives and process enhancements.
- Produce operational MI and reporting where required.
- Assist with UAT testing and implementation of new systems, workflows and operational enhancements.
Skills & Experience
- Minimum 5 years' experience within ETF Operations.
- Strong experience across Equity and ETF Operations within a broker-dealer, investment bank, trading firm or asset manager.
- Excellent understanding of the end-to-end Equity and ETF trade lifecycle.
- Experience supporting both primary and secondary ETF market activity.
- Strong knowledge of settlement cycles across UK, European and US markets.
- Proven experience working with CSDR, including settlement discipline, cash penalties, settlement fails and late matching.
- Experience managing EMEA and US funding, including liquidity management, settlement funding and cash forecasting.
- Strong experience managing reconciliations, trade breaks, corporate actions and settlement investigations.
- Working knowledge of settlement and clearing infrastructures including DTC, Euroclear and CREST.
- Experience working with Authorised Participants (APs), custodians, brokers, market makers and clearing houses.
- Strong analytical and problem-solving skills.
- Excellent communication skills with the ability to build relationships across Front Office, Operations and external counterparties.
- Ability to prioritise workload and perform under pressure in a fast-paced trading environment.
- High level of accuracy and attention to detail.
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What we are looking for
We're looking for someone who is proactive, organised and solutions-focused, with the confidence to take ownership of complex operational issues. The ideal candidate will enjoy working collaboratively across multiple teams while continually seeking opportunities to improve processes, reduce operational risk and enhance client service. If you have a strong operational background within Equities and ETFs and are looking for an opportunity to make a meaningful impact within a dynamic trading environment, we'd love to hear from you.
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