About the roleThe Market Operations Director is responsible for providing senior-level support to Rothera's clients and key internal stakeholders, maintaining a fair and orderly market, and monitoring the stability of Rothera's systems.
The Market Operations Director is a "player-coach". They take an active role in supporting the education and professional development of Associates and Specialists on the team. The Director serves as a subject matter expert on CFTC regulations and the trading and clearing lifecycle. They manage complex exceptions, review and certify sensitive decisions adopted by staff, and act as a senior liaison to Rothera's clients.
What you'll do- Provide senior-level technical and non-technical support for market participants, including futures commission merchants ("FCMs"), clearing banks, and other industry partners to resolve issues related to market access or usage of Rothera's trading, clearing, or data services
- Monitor Rothera system integrity and maintain control of Rothera's trading environment
- Maintain Rothera's listed event contracts, ensuring accurate product specifications, trading parameters, and settlement terms
- Design, build, and maintain automation scripts used by the Market Operations team
- Perform log analysis and packet capture review to diagnose latency, execution, and trade integrity issues within Rothera's trading and clearing environments
- Oversee the daily settlement process for cleared transactions, including cash movements and payment instructions
- Manage the end-to-end clearing lifecycle, including position maintenance, collateral management, and delivery processing.
- Serve as a subject matter expert on the FIX Protocol, assisting members with new connections and certification testing
What you'll bring- 8+ years of experience, including a track record of success in a technically-focused operations role or system engineering role at a derivatives exchange, derivatives clearing house, market maker, or futures commission merchant ("FCM")
- Proven understanding of electronic trading systems, reference data management, matching engine mechanics, and market connectivity concepts
- Thorough practitioner knowledge of derivatives trading, clearing, and settlement processes, including margining methodologies and collateral management
- Proven ability to research, analyze, and resolve complex operational issues independently
- Proficiency with trade management and reconciliation systems (e.g., Calypso, SmartStream, TradingTechnologies, or proprietary reconciliation platforms)
- Python programming experience, e.g., data analysis or composition of simple scripts to automate manual processes
- Strong organizational leadership skills and the ability to effectively mentor colleagues while also participating as an individual contributor in a high-volume, deadline-driven environment
- Availability and commitment to flexibly accommodate an event-driven work schedule and an on-call environment
Benefits & CompensationThis position has a base salary of $160,000-$190,000 per year, plus participation in a discretionary annual incentive bonus program.
Rothera is dedicated to advancing the careers and personal wellbeing of our team members. We are continuously exploring ways to support our employees holistically, including a 401(k) plan with employer match, health, vision, and dental insurance for employees and eligible dependents, paid time off, and much more.
This is a full-time, in-person hybrid position. This position is not available for visa sponsorship now or in the future. Applicants must be authorized to work in the U.S. on a permanent, indefinite basis. 
