Assistant Operations Manager, Futures Clearing

CITIC Futures International Company Limited; Singapore; On-site; SGD 60,000 - 85,000; Full time

Job summary

CITIC Futures International Company Limited in Singapore is seeking a Settlement Specialist to manage daily clearing deadlines, settlements, and contract delivery for exchange-traded derivatives. You will coordinate with trading, risk, compliance and operations to ensure accurate, timely processing and regulatory adherence under MAS and SGX rules.

The role requires 1.5 years in futures settlements, strong English and Chinese communication, and the ability to work independently within a

Qualifications

• 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.

Responsibilities

• Manage clearing deadlines and ensure trades are processed in a timely manner per regulatory and company requirements.
• Execute daily settlement activities for exchange-traded derivatives, including cash settlement, FX delivery, and option exercise/assignment.
• Perform daily reconciliations of trades, positions, and cash flows and resolve discrepancies.
• Maintain static data in internal systems (client accounts, contract setup, fee updates).
• Ensure settlement activities comply with MAS and SGX requirements.
• Identify opportunities to improve settlement processes and reduce operational risk.
• Prepare and submit daily, weekly, and monthly settlement reports to internal stakeholders and regulators.
• Collaborate with trading, risk, compliance and operations to ensure end-to-end processing.

Skills

Bilingual English/Chinese

Futures settlements experience

Regulatory reporting knowledge

Client margin control experience

Education

Bachelor's degree in finance or accounting

Tools

SGX CW2

ION XTP

XTP Clearing

Job description

• 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.

The company will provide competitive and comprehensive human resources development support.

Personal information collected will be kept strictly confidential and only used for recruitment purposes. For our personal information collection statement, please visit our website at http://www.citicsf.com.hk/disclaimer.