Assistant Settlement Manager, Futures Clearing

CLSA Singapore Pte Ltd; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

CLSA Singapore Pte Ltd. is seeking an experienced Settlements Specialist to oversee clearing, settlement and reconciliation for futures products. The role requires handling cash settlements, FX delivery and option exercises with MAS/ SGX regulatory awareness.

You will coordinate with trading, risk, compliance and operations teams, maintaining data integrity and timely reporting. Fluency in English and Chinese is essential for engagement with Greater China stakeholders.

Qualifications

• Bachelor's degree in finance, accounting or related field.
• Minimum 5 years in futures, clearing & settlements, reconciliation, regulatory reporting, and client margin control.
• Familiar with SGX CW2, ION XTP, and XTP Clearing systems.
• Strong knowledge of MAS and SGX regulatory requirements.
• Experience managing settlement processes: cash settlement, FX delivery, option exercise/assignment.
• Fluent in English and Chinese with stakeholders in Greater China.

Responsibilities

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

Skills

English & Chinese fluency

Education

Bachelor's or higher in finance/accounting

Tools

SGX CW2

ION XTP

XTP Clearing

Job description

Key Areas of Responsibilities

• 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 above in finance, accounting, or a related field
• Minimum 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.
• Excellent command of / fluent in both spoken and written English and Chinese to communicate with stakeholders in Greater China.