Clearing & Settlement Operations manager

About the role

This role involves trade processing, lifecycle management, margin and collateral handling, reconciliation, settlement execution, and system support for securities and derivatives operations. You will capture, match, and validate daily TRS and Single Stock Option trades under ISDA/CSA frameworks, handle post-trade events, calculate margins, perform reconciliation against prime brokers and custodians, issue settlement instructions via SWIFT/RTGS, and participate in system enhancements and UAT.

Key responsibilities

• Capture, match, and validate daily TRS and Single Stock Option trades; exchange and track trade confirmations under ISDA/CSA frameworks
• Handle post-trade events including resets, rolls, early terminations, maturities, option exercises, and dividend/corporate action adjustments
• Calculate initial and variation margins, issue margin calls, and manage eligible collateral and haircuts under CSA agreements
• Perform daily cash and position reconciliation against prime brokers, custodians, and internal ledger systems to resolve breaks
• Issue accurate settlement and payment instructions via SWIFT/RTGS and manage cross-border funding to prevent settlement fails
• Participate in system enhancements, User Acceptance Testing (UAT) for trading/clearing platforms, and maintain standard working procedures (SOPs)

About you

• Bachelor's degree or above in Finance, Accounting, Economics, Mathematics, or a related discipline
• Minimum 3 years of experience in securities or derivatives operations (Middle/Back Office)
• Strong understanding of ISDA/CSA frameworks, margin mechanisms, settlement cycles, and CCASS/SEOCH operations
• Proficiency in MS Excel (Pivot Tables, VLOOKUP)
• Fluent in written and spoken English and Chinese (Mandarin is a must; Cantonese is a plus)
• Direct experience in TRS, Equity Swaps, or Single Stock Options is highly preferred
• Basic knowledge of SQL or Python is a strong plus