Head of Futures Operations, UK, Futures Clearing | London, UK

CITIC CLSA; London; On-site; GBP 100,000 - 150,000; Full time

Job summary

CITIC CLSA is seeking a Head of Futures Operations to oversee operational and trade support functions for their expanding ETD business in London. The successful candidate will manage daily operations, collaborate with stakeholders, and implement strategic projects while ensuring compliance in a dynamic environment.

Qualifications

• Minimum 10 years of derivatives experience, focusing on exchange-traded Futures & Options.
• Proven expertise in F&O workflow management, especially physical contracts.
• Strong knowledge of clearing house rules for key commodity exchanges.

Responsibilities

• Manage daily operational functions and trade support for ETD.
• Lead and ensure successful delivery of strategic projects and new market onboarding.
• Oversee trade lifecycle management, margin management, and regulatory reporting.

Skills

Leadership

Client Service Management

Stakeholder Management

Interpersonal Skills

Communication

Job description

Head of Futures Operations, UK, Futures Clearing

This newly created role supports CITIC-CLSA’s rapidly expanding Exchange Traded Derivatives (ETD) business, overseeing operational and trade support functions across global markets. The position involves managing day-to-day operations, engaging with exchange representatives and internal stakeholders to deliver strategic projects, and ensuring compliance with regulatory and operational standards. The candidate will lead system analysis, new market implementations, and maintain detailed operational procedures to support the Futures Clearing business, with a particular focus on physical contracts and exchange-traded Futures & Options (F&O). This role also includes client service management, margin oversight, regulatory reporting, and staff development.

Key Areas of Responsibilities

• Manage daily operational functions and trade support activities for ETD.
• Lead and ensure the successful delivery of strategic projects, including system analysis and 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, and foster 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.

CITIC CLSA provides global investors and corporate executives with insights, liquidity and capital to drive their growth strategies.

Award-winning research, an extensive Asia footprint, direct links to China and highly experienced finance professionals differentiate our innovative products and services in asset management, corporate finance, equity and debt capital markets, securities and wealth management.

As part of CITIC Securities (SSE: 600030, SEHK: 6030), China’s leading investment bank, CITIC CLSA is uniquely positioned to facilitate cross-border capital flows and connect China to the world and the world to China.

CITIC CLSA operates from 13 countries across Asia, Australia, Europe and the Americas. For further information, please visit www.clsa.com.

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