Assistant Settlement Manager, Futures Clearing, Operations

CITIC Securities International; Singapore; On-site; SGD 90,000 - 150,000; Full time

Job summary

CITIC Securities International is seeking an experienced settlements professional in Singapore to manage clearing deadlines and ensure timely trade processing within a regulated framework. You will execute daily settlement activities for exchange-traded derivatives, oversee cash and FX deliveries, and perform meticulous reconciliations across trades, positions, and cash flows.

The role requires a strong grasp of MAS and SGX rules, plus the ability to drive process improvements and collaborate

Qualifications

• 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.

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.

Skills

Futures clearing and settlements

Regulatory reporting

Client margin control

English & Chinese communication

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 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.