Listed Derivatives Operations Manager

SOCIETE GENERALE; Singapore; On-site; SGD 120,000 - 150,000; Full time

Job summary

Societe Generale is seeking an experienced professional for the Derivatives Clearing Client Facing Middle Operations team in Singapore. The role supports post-trade activities for ETD and FX, servicing Banks, Hedge Funds, Asset Managers and Corporations.

Based in Singapore, you will manage client money, margin, collateral and cash, lead regulatory reporting, and act as a first escalation point for operational queries while driving continuous improvements across the team.

Qualifications

• At least 10 years of experience in clearing, treasury, cash management and ETD margin activities.
• Strong knowledge of relevant client money rules in APAC & EMEA.
• Must understand ETD market sector and related regulatory requirements.
• Fluent written and spoken English; additional Asian languages are a plus.

Responsibilities

• Own and oversee exchange, client margin, collateral and cash management activities.
• Perform daily client money reconciliations and controls for APAC exchanges; ensure regulatory compliance.
• Manage trade breaks, position expiries and regional regulatory reporting; lead initiatives across the clearing ops function.
• Provide escalation point for client, exchange/broker questions and collaborate with business relationship teams.
• Ensure controls, supervision and improvements across offshore and onshore teams; drive risk reduction.

Skills

Clearing

Treasury

Cash management

ETD margin

Client money rules

Regulatory reporting

Risk control

Attention to detail

English proficiency

Team collaboration

Problem solving

Tools

MS Office

Job description

The Derivatives Clearing Client Facing Middle Operations team supports the post-trade activity of Societe Generale’s ETD & FX business and services servicing clients including Banks, Hedge Funds, Asset Managers and Corporations.

This role is based in Singapore and reports to the Head of Prime Services Clearing Operations &Technology in Singapore.

Market coverage: Global ETD markets

PRIMARY OBJECTIVES:

• Responsible Exchange and client margin, collateral and cash management activities
• Responsible for daily client money reconciliations & controls for APAC exchanges and ensure compliance with the regulations of the relevant jurisdictions
• Responsible for trade break management, position and expiries management and regional regulatory reporting.
• Lead business, exchange or regulatory initiatives & ensure smooth implementation & in compliance with relevant client money rules
• Oversight of outsource functions managed out of SGGSC outsource center
• Act as first level of escalation point for client & exchange/broker operational activities and /or queries, including with the business
• Enforce controls and supervision on the production of offshore teams as required, identify gaps and implement action plans to improve the control environment of the department to minimize Operational Risk.
• Perform investigation for proper resolution &/or direct them to appropriate teams as appropriate.
• Is an expert of client & exchange setup and onboarding specifics and work closely with Business relationship teams
• Develop an expertise of the Societe Generale business and organization, as well as the general Clearing business to have an adequate understanding of the business and the supporting platform.
• Participate to regular governance with business relationship teams for client review with pre-defined/agreed matrices, in respect of service quality, trades breaks, margin call compliance & any specific operational pain points
• Cover Follow The Sun protocol for inbound clients, regional/global exchange markets
• Challenge status quo, offer improvements and insights to deliver additional value to clients / improve the Societe Generale servicing as part of continuous improvement culture (Propose ideas and observe a collaborative mindset)
• Report and upscale significant issues and blocking points to department manager on a timely manner.
• Cover for any other activities as the need arises to back up team members in a pro-active and professional manner
• Cross train with teammates regularly and ensure effective communication/handovers of client problems among team members
• Maintain up to date procedures of the tasks covered, and make sure to adhere to the Group policies and exchange rules as appropriate

KEY SKILL AREAS & KNOWLEDGE REQUIRED:

• At least 10 years experience in clearing, treasury,cash management and ETD margin, collateral & revenue activities. Strongknowledge in the relevant client money rules in APAC & EMEA. Knowledge ofETD market sector is a must.
• Good organisation skillset
• Good interpersonaland communication skills, sense of service, and flexibility are essential requirements
• Fluent in written and spoken English. OtherAsian languages will be an advantage (Japanese, Korean, Chinese)
• Ability to work effectively and efficientlyunder pressure
• Strong analytical and numerical skills. Keeneye for details.
• Enthusiastic and self motivated
• Self starter, resourceful and ability to workindependently
• Ability to work within team with diverse cultural backgrounds
• Knowledge of MS Office