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Societe Generale

Listed Derivatives Operations Manager

10-12 Years
SGD 13,000 - 17,000 per month
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  • Posted 17 days ago
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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:

- ResponsibleExchange 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 escalate 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

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Job ID: 147647709