Head of Futures Operations, UK, Futures Clearing

CITIC CLSA; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading firm in derivatives trading seeks an experienced operations manager to oversee daily functions and drive strategic projects. With a focus on exchange-traded Futures & Options, the role demands strong leadership and stakeholder engagement skills, particularly catering to a Chinese clientele.

Qualifications

• Minimum of ten years of experience in derivatives with a focus on Futures & Options.
• Expertise in exchange-traded workflows and regulatory compliance.
• Proven track record of leading operational projects and teams.

Responsibilities

• Manage daily operations and trade support for exchange-traded derivatives.
• Lead strategic projects, ensuring compliance and successful delivery.
• Engage with stakeholders to enhance operational effectiveness.

Skills

Leadership

Interpersonal skills

Project Management

Stakeholder Management

Communication

Job description

Responsibilities

• Manage daily operational functions and trade support activities for ETD.
• Lead and ensure the successful delivery of strategic projects, including system analysis, implementation, and new market onboarding.
• Engage proactively with exchange representatives and internal stakeholders to expedite project deliverables.
• Oversee trade lifecycle event management, margin management, and regulatory reporting to ensure accuracy and timeliness.
• Maintain and update operational procedures, workflows, and rulebooks, ensuring adherence to regulatory standards.
• Coordinate rehearsals and testing of Business Continuity Planning (BCP) contingencies.
• Manage client service activities, focusing on a predominantly Chinese client base.
• Ensure all referential data is accurate and complete.
• Manage give-up invoicing processes.
• Collaborate with IT, Credit Risk, Finance, and other operational departments to establish and oversee robust operating procedures.
• Manage, develop, and appraise staff, fostering a proactive team environment.

Requirements

• Minimum of ten years of derivatives experience, with a focus on exchange-traded Futures & Options (F&O).
• Proven expertise in F&O workflow management, especially physical contracts.
• Strong knowledge of clearing house rules and regulations for key commodity exchanges (LME & ICE).
• Prior experience as the operational SME for significant projects, such as new clearing memberships and market changes.
• Ability to define, establish, and oversee operational procedures in collaboration with IT and risk departments.
• Strong leadership skills, with the capability to manage a small team and operate hands-on in daily activities.
• Self-driven, proactive, and confident in managing senior stakeholder relationships.
• Outgoing personality with strong interpersonal skills to develop trust and respect.
• Chinese language skills are an advantage.
• Excellent communication and stakeholder management skills, with the ability to lead and influence cross-functional teams.