Derivatives Operations Lead

Responsibilities

Derivatives Operations:

• The individual will primarily oversee the end-to-end trade life cycle of exchange traded derivatives operations (futures and options)

• The role encompasses account set up, trade capture/amendment/position management, confirmation, settlement / expiry processing, cash & position reconciliation, collateral management, margin top-up etc.

• Account set up and liaise with various brokers / counterparties to ensure trades are settled accurately and on a timely basis.

• Conduct UAT for onboarding of new derivatives system

• Draft standard operational workflow for listed derivatives. Periodic updates of standard operational procedures in line with regulatory and workflow changes.

• Identify, escalate and recommend solutions to mitigate risk.

• Assist Trading Representatives on enquiries regarding client's accounts.

• Support initiatives to improve operational efficiency, risk control and effectiveness

• Work closely with front office, technology, compliance, risk management teams and internal/external auditors.

• Handle ad-hoc projects and assignments from Head of Operations.

Securities Operations & Client Onboarding

• The individual will play a supportive role in Securities Operations and Client Onboarding (Account Opening for Accredited Investors, Institution Investors and Expert Investors).

• Securities Operations:

• Participate in the setup of the securities operations system (e.g UAT).

• Perform trade support functions including trade bookings/amendment, trade confirmation, trade matching /securities position reconciliation with counterparties / brokers.

• Corporate actions processing.

• Monitor settlement transaction to ensure timely settlement including pre-matching and cancel/rebook trades; securities transfer instructions

• Resolve breaks in cash and securities positions

• Client Onboarding

• Review account opening applications and documents from Trading Representatives

• Ensure that all identification and verification have been submitted.

• Conduct customer due diligence and screening according to MAS requirements

• Work with Compliance on complex, high-risk cases, source of wealth and source of funds.

Requirements:

• Good understanding of the life cycle of a listed derivatives trade (futures and options) and related interactions between internal stakeholders.

• 5 to 8 years of listed derivatives' operations (futures & options) experience in a futures brokerage, FI, Exchange or Clearing House.

• Demonstrated knowledge of Exchange traded derivates and related client's money regulations, compliance requirements and industry best practice.

• Candidates with securities operations, corporate action processing or client onboarding experience (customer due diligence, AML/CFT knowledge) would have an advantage.

• Strong risk management and control mindset

• Strong problem-solving and analytical skills.

• Certifications in AML such as Certified Anti Money Laundering Specialist (CAMS) or International Association Diploma in Anti Money Laundering would be an advantage

• Bachelor's degree in Finance, Economics, Mathematics, or a related field. Diploma holders with extensive listed derivatives operations experience maybe considered.