CITIC CLSA

Asia-focused capital markets and investment group

Settlement Manager - Futures Clearing, Operations

Business OperationsConfirmed live in the last 24 hours

Full-timeSingaporeNo salary listedIn-person

About the Job

Requirements

A bachelor's degree or above in finance, accounting, or a related field is required.
At least 5 years of experience in the futures industry, including clearing and settlements, reconciliation, regulatory reporting, and client margin control.
Strong knowledge of Monetary Authority of Singapore and Singapore Exchange regulatory requirements is required.
Ability to manage settlement processes, including cash settlement, foreign exchange delivery, and option exercise or assignment, is required.
Fluency in spoken and written English and Chinese is required for communication with stakeholders in Greater China.

Responsibilities

Manage clearing deadlines and ensure trades are processed on time, taking regulatory, client, and company requirements into account.
Execute daily settlement activities for exchange-traded derivatives and ensure timely and accurate trade settlement.
Manage contract delivery processes, including cash settlement, foreign exchange delivery, and option exercise or assignment.
Reconcile trades, positions, and cash flows daily, investigating and resolving discrepancies or exceptions.
Maintain static data in internal systems, including client account openings and closures, contract setup, and fee and commission rate updates.
Ensure settlement activities comply with local regulatory requirements, particularly those of the Monetary Authority of Singapore and Singapore Exchange.
Identify opportunities to improve settlement processes and systems to increase efficiency and reduce operational risk.
Prepare and submit daily, weekly, and monthly settlement activity reports to internal stakeholders and external regulators, as required.
Work with trading, risk, compliance, and other operational teams to ensure smooth end-to-end trade processing.

Desired Qualifications

Familiarity with SGX CW2, ION XTP, and XTP Clearing systems is preferred.

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.

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About the Company

CITIC CLSA

Asia-focused capital markets and investment group

CITIC CLSA provides capital markets and investment services in Asia and beyond, supporting global institutional investors, corporations, governments, and high-net-worth individuals. The company uses its award-winning research, extensive Asia network, and direct links to China to help clients access and invest in Asian markets. Its team operates across 13 countries in Asia, Australia, Europe, and the Americas, combining local knowledge with international reach. This mix helps clients execute deals, conduct in-depth market analysis, and grow their investment portfolios through China and Asia-focused opportunities. What sets CITIC CLSA apart is its deep regional network and China connections, which contrast with broader global banks and smaller regional firms. The goal is to enable clients to grow by leveraging Asia’s markets and China’s opportunities through expert advisory, research, and execution across the globe.

Company size: 1,001-5,000
Company stage: Not listed
Total funding: $834.9M
Headquarters: Central and Western District, Hong Kong
Founded: 1986

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