Middle Office Manager (Product Control)

At Optiver, youll find an environment built on collaboration, curiosity, and continuous improvement. As a leading global, tech-driven trading firm, we combine diverse skill sets, unique minds and a shared drive to improve the market. Our Middle Office team plays a crucial role in ensuring the integrity of trading positions, the accuracy of P&L reporting, and the effectiveness of our control environment. Thats where you come in.

In this role, you will lead and execute Optiver Indias Middle Office function, supporting trading activities across multiple asset classes. Youll work closely with global and regional teams across Trading, Risk, Finance, and Technology to ensure accuracy, efficiency and control in all post-trade processes. This is an opportunity to help establish and scale a key function in our growing India office, while contributing to Optivers broader APAC operations.

What Youll Do

As the Middle Office Manager (Product Control), youll be responsible for setting up and managing Optiver Indias Middle Office operations. Your focus will be on ensuring strong control, accurate reporting, and effective stakeholder management. Key responsibilities include:

• Setting up Optiver Indias Middle Office function to support trading activities in Equity Derivatives, Currency Derivatives, and Equity Cash Segments, with future expansion into Commodities Derivatives.
• Executing, reporting, and explaining daily P&L in line with Product Control policies.
• Validating and maintaining ownership of the trading balance sheet and positions in accordance with Product Control standards.
• Ensuring trades, positions, and cash balances are reconciled daily against clearers and resolving breaks promptly.
• Establishing and managing day-to-day settlement processes, including the settlement of funds and securities with clearing members, stock exchanges, and clearing corporations.
• Understanding and managing key risks within the Middle Office function, ensuring a robust control framework is in place.
• Leading monthly P&L accounting close in the general ledger system.
• Partnering with IT and regional teams on reconciliation system development and process improvements to drive efficiency and accuracy.
• Designing and maintaining controls for new business initiatives, and continuously improving existing processes.
• Supporting trading teams with ad hoc requests, financial analysis, and operational insights.
• Managing regulatory reporting processes and coordinating periodic regulatory and statutory audits (including ICFR audits).
• Collaborating with regional APAC Middle Office teams to share best practices and ensure consistency across locations.

Youll join a culture of excellence and collaboration, where innovation and teamwork drive everything we do. We believe that great ideas can come from anyone, and that impact is maximised when diverse perspectives come together.

In return for your expertise, youll receive:

• Competitive remuneration, including a performance-based bonus structure.
• The chance to work alongside diverse, intelligent and driven peers in a high-performing environment.
• Continuous learning, training, and mentorship opportunities to help you grow and succeed.
• Daily breakfast, lunch, and an in-house barista.
• Gym/club membership, plus weekly massages.
• Corporate health insurance.
• Uber business for daily commute.
• Regular social events, including company offsites and global team trips.
• A supportive, inclusive culture that values collaboration, integrity and excellence.

• 5+ years of experience managing Middle Office, Product Control or a similar function within a trading firm, investment bank or financial institution.
• Strong understanding of financial markets, derivative products, accounting concepts, and control frameworks.
• Advanced data handling and analytical skills; proficiency in Excel is essential, and experience with VBA, Python or SQL is a plus.
• Proven ability to manage small teams and deliver results in a fast-paced, high-performing environment.
• Excellent written and verbal communication skills, with the ability to explain complex information clearly and succinctly.
• High attention to detail, with strong problem-solving and process improvement skills.
• Proactive, results-driven, and comfortable working across multiple teams and time zones.
• Bachelors degree in Finance or Commerce; CA, MBA or equivalent qualification preferred.

If you have any questions, feel free to contact our Recruitment team via [HIDDEN TEXT].

Please note: We cannot accept applications via email for data protection reasons.

Diversity statement

Optiver is committed to diversity and inclusion. We encourage applications from candidates of all backgrounds and welcome requests for reasonable adjustments throughout the recruitment process.