Futures Operations Officer, Futures Clearing

3 weeks ago


Singapore CLSA Full time

Key Areas of Responsibilities

  • Manage clearing deadlines and ensure trades are processed in a timely manner, taking into account regulatory, client, and company requirements.
  • Execute daily settlement activities for exchange-traded derivatives, ensuring the timely and accurate settlement of trades. Manage the contract delivery process, including cash settlement, FX delivery, and option exercise/assignment.
  • Perform daily reconciliations of trades, positions, and cash flows, investigating and resolving any discrepancies or exceptions.
  • Maintain static data within internal systems, including client account openings/closures, contract setup, and fee/commission rate updates.
  • Ensure all settlement activities comply with local regulatory requirements, particularly those of MAS and SGX.
  • Identify opportunities to improve settlement processes and systems, contributing to increased efficiency and reduced operational risk.
  • Prepare and submit daily, weekly, and monthly reports on settlement activities to internal stakeholders and external regulators, as required.
  • Work closely with trading, risk, compliance, and other operational teams to ensure smooth end-to-end processing of trades.

 

Requirements

  • Bachelor's degree or higher in finance, accounting, or a related field.
  • Minimum 1.5 years of experience in the futures industry, including clearing & settlements, reconciliation, regulatory reporting, and client margin control.
  • Familiarity with SGX CW2, ION XTP, and XTP Clearing systems (preferred).
  • Strong knowledge of MAS and SGX regulatory requirements.
  • Proven ability to manage settlement processes, including cash settlement, FX delivery, and option exercise/assignment.
  • Enthusiastic, motivated, and able to work independently and as part of a team.
  • Proficient in written and spoken English and Chinese to communicate with stakeholders in Greater China.


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