Assistant Settlement Manager, Futures Clearing, Operations

CLSA Singapore Pte Ltd; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

CLSA Singapore Pte Ltd is seeking an experienced settlement professional in Singapore to manage clearing deadlines, daily settlement activities for futures and derivatives, and regulatory reporting. The role requires strong MAS/SGX knowledge and the ability to work with trading, risk, compliance and other teams to ensure end-to-end processing.

The ideal candidate has a minimum of 5 years in the futures industry and fluent English and Chinese communication skills to liaise with stakeholders in

Qualifications

• Bachelor's degree or higher in finance, accounting, or related field.
• Minimum 5 years in futures industry, with clearing & settlements, reconciliation and regulatory reporting.
• Strong knowledge of MAS and SGX regulations; experience with SGX CW2, ION XTP, XTP Clearing is preferred.

Responsibilities

• Manage clearing deadlines and ensure timely trade processing per regulatory and client requirements.
• Execute daily settlement activities for exchange-traded derivatives, including cash and FX delivery.
• Perform daily reconciliations of trades, positions and cash flows, resolving discrepancies.
• Maintain static data in internal systems (account openings/closures, 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 stakeholders and regulators.
• Collaborate with trading, risk, compliance and other ops teams to ensure end-to-end processing.

Skills

English and Chinese proficiency

Independent and team oriented

Education

Bachelor's degree or above in finance, accounting, or related field

Tools

SGX CW2

ION XTP

XTP Clearing systems

Job description

Key Areas of Responsibilities

1. Manage clearing deadlines and ensure trades are processed in a timely manner, taking into account regulatory, client, and company requirements.
2. 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.
3. Perform daily reconciliations of trades, positions, and cash flows, investigating and resolving any discrepancies or exceptions.
4. Maintain static data within internal systems, including client account openings/closures, contract setup, and fee/commission rate updates.
5. Ensure all settlement activities comply with local regulatory requirements, particularly those of MAS and SGX.
6. Identify opportunities to improve settlement processes and systems, contributing to increased efficiency and reduced operational risk.
7. Prepare and submit daily, weekly, and monthly reports on settlement activities to internal stakeholders and external regulators, as required.
8. Work closely with trading, risk, compliance, and other operational teams to ensure smooth end-to-end processing of trades.

Requirements

1. Bachelor's degree or above in finance, accounting, or a related field
2. Minimum 5 years of experience in the futures industry, including clearing & settlements, reconciliation, regulatory reporting, and client margin control.
3. Familiarity with SGX CW2, ION XTP, and XTP Clearing systems (preferred).
4. Strong knowledge of MAS and SGX regulatory requirements.
5. Proven ability to manage settlement processes, including cash settlement, FX delivery, and option exercise/assignment.
6. Enthusiastic, motivated, and able to work independently and as part of a team.
7. Excellent command of / fluent in both spoken and written English and Chinese to communicate with stakeholders in Greater China.