Clearing Services Director
JOB Title: Clearing Services Director
DEPARTMENT: Listed Derivatives Operations
LOCATION: Singapore
Job Summary:
Reporting to the Listed Derivatives Operations Manager and the Listed Derivatives Clearing Services Manager, the successful candidate will be responsible for post trade processing / matching (multiple trading venues) on Asian Futures Options markets.
Candidates for this position should hold the following qualifications and be able to demonstrate the following abilities to be considered as a suitable applicant. Please note that except where specified as preferred all points listed below are considered minimum requirements.
Responsibilities:
- Manage a team of 4-5 personnel covering all regional markets
- Trade Capture/Allocation/Matching of all confirmations (electronic/manual) sent by Newedge Customers/Brokers
- Check out with internal/external counterparties to ensure accuracy of bookings
- Intraday unallocated/unclaimed transactions follow-up in order to minimize defaults, margin costs and operational risk
- Assist Breaks department on historical breaks/queries resolution
- Maintain accurate static data set ups between systems to allow
- Monitor exceptions queues to ensure intraday business is running smoothly and Exchange and GMI are synchronized
- Work closely with Desk/Files allocations teams in order to be one step ahead new customers’ start of trading
- Chase internal counterparts throughout the day to ensure allocations are received in due time
- Chase E-Solutions for unidentified trades
- EOD defaults account posting
- Reconciliations EOD
- Continuous review of team procedures (NEMO), possible team cross-training
- Report/Escalate actively systems issues to Process Control
- Act as operations technical expert regarding systems upgrades
- Reviewing constantly manual interventions metrics in order to achieve additional automation
Requirements:
- Minimum 7 years Futures and Options Operations experience preferred
- Minimum 5 years Futures and Options clearing / matching experience essential, ideally with exposure to OSE, SGX, SFE and HKFE
- Minimum 3 years team management experience required
- Clearvision, DCASS, OM Secur and GMI experience preferred
- Electronic Trading solutions knowledge is desirable
- Advanced knowledge of MS Excel, Access, Word and PowerPoint
- Fluent in English both written and spoken
- Willingness to work on morning and late shift
Profile of Candidate:
- Ability to work within team with diverse cultural backgrounds
- Capability to work effectively and efficiently under pressure
- Strong analytical and numerical skills. Detail oriented.
- Good planning organizational skills
- Ability to prioritize both own and teams objectives
- Enthusiastic and self motivated
- Excellent verbal written communication skills
- Outgoing personality
About Newedge
Formed by Société Générale and Crédit Agricole CIB as a 50/50 joint venture, Newedge is a leading force in global multi-asset brokerage. A solid and impartial player, we are independently managed and regulated.
Newedge offers a full range of execution and clearing services covering options and futures contracts for financial products and commodities, as well as for money market instruments, bonds, FX, equities and commodities on OTC markets. Newedge also provides a range of value added services including prime brokerage, asset financing, electronic trading and order routing, cross margining, and the centralized reporting of client portfolios.
Newedge is an equal opportunity employer. For more information about Newedge, visit www.newedge.com.
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