Clearing & Settlement Operations manager

Fung One Securities Limited; Hong Kong; On-site; HKD 600,000 - 900,000; Full time

Job summary

Fung One Securities Limited in Hong Kong seeks an experienced Clearing & Settlement Operations Manager to oversee trade processing, lifecycle management, margins, collateral and reconciliations for securities and derivatives. You will validate daily TRS/SXO trades under ISDA/CSA, manage post-trade events, and support system enhancements and UAT.

The role requires a Bachelor’s degree in a related field, 3+ years of ops experience, and strong Excel skills with English and Chinese fluency.

Qualifications

• Bachelor’s degree or above in Finance, Accounting, Economics, Mathematics, or a related discipline.
• Minimum 3 years of experience in securities or derivatives operations (Middle/Back Office).
• Strong understanding of ISDA/CSA frameworks, margin mechanisms, settlement cycles.
• Proficiency in MS Excel (Pivot Tables, VLOOKUP).
• Fluent in written and spoken English and Chinese (Mandarin required; Cantonese a plus).
• Direct experience in TRS, Equity Swaps, or Single Stock Options is highly preferred.
• Basic knowledge of SQL or Python is a strong plus.

Responsibilities

• Capture, match, and validate daily TRS and Single Stock Option trades; exchange and track trade confirmations under ISDA/CSA frameworks.
• Handle post-trade events including resets, rolls, early terminations, maturities, option exercises, and dividend/corporate action adjustments.
• Calculate initial and variation margins, issue margin calls, and manage eligible collateral and haircuts under CSA agreements.
• Perform daily cash and position reconciliation against prime brokers, custodians, and internal ledger systems to resolve breaks.
• Issue accurate settlement and payment instructions via SWIFT/RTGS and manage cross-border funding to prevent settlement fails.
• Participate in system enhancements, User Acceptance Testing (UAT) for trading/clearing platforms, and maintain SOPs.

Education

Bachelor’s degree or above in Finance/Accounting/Economics

Tools

Excel

SQL

Python

Job description

Clearing & Settlement Operations manager

This role involves trade processing, lifecycle management, margin and collateral handling, reconciliation, settlement execution, and system support for securities and derivatives operations. You will capture, match, and validate daily TRS and Single Stock Option trades under ISDA/CSA frameworks, handle post-trade events, calculate margins, perform reconciliation against prime brokers and custodians, issue settlement instructions via SWIFT/RTGS, and participate in system enhancements and UAT.

Key responsibilities

Capture, match, and validate daily TRS and Single Stock Option trades; exchange and track trade confirmations under ISDA/CSA frameworks

Handle post-trade events including resets, rolls, early terminations, maturities, option exercises, and dividend/corporate action adjustments

Calculate initial and variation margins, issue margin calls, and manage eligible collateral and haircuts under CSA agreements

Perform daily cash and position reconciliation against prime brokers, custodians, and internal ledger systems to resolve breaks

Issue accurate settlement and payment instructions via SWIFT/RTGS and manage cross-border funding to prevent settlement fails

Participate in system enhancements, User Acceptance Testing (UAT) for trading/clearing platforms, and maintain standard working procedures (SOPs)

About you

Bachelor's degree or above in Finance, Accounting, Economics, Mathematics, or a related discipline

Minimum 3 years of experience in securities or derivatives operations (Middle/Back Office)

Strong understanding of ISDA/CSA frameworks, margin mechanisms, settlement cycles, and CCASS/SEOCH operations

Proficiency in MS Excel (Pivot Tables, VLOOKUP)

Fluent in written and spoken English and Chinese (Mandarin is a must; Cantonese is a plus)

Direct experience in TRS, Equity Swaps, or Single Stock Options is highly preferred

Basic knowledge of SQL or Python is a strong plus