Operations Manager, Futures

CLSA Global Markets Pte Ltd; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading finance firm in Greater London is seeking a Futures Operations professional to join their newly established business. This role involves working alongside the Head of Futures Operations, overseeing daily operations for futures and derivatives activities, primarily in LME and ICE markets. Candidates should have at least 7 years of relevant experience, a degree in Finance or Accounting, and fluency in English. Unique opportunity to shape operational processes from start. Competitive salary commensurate with experience.

Qualifications

• Minimum 7 years of futures operations experience covering clearing & settlements.
• Strong knowledge of LME and ICE Europe clearing house rules.
• Relevant professional qualifications or extensive operational experience.

Responsibilities

• Partner with the Head of Futures Operations for daily operational management.
• Oversee clearing deadlines and ensure timely processing of trades.
• Execute daily settlement processes for cash and physical contracts.

Skills

Futures operations experience

Clearing & settlements knowledge

Attention to detail

Problem-solving mindset

Proficiency in English

Education

Bachelor's degree in Finance, Accounting, or related

Tools

LMEsmart

LMEmercury

ION XTP

Job description

**Position Description**An exceptional opportunity to join a newly established Futures business in London at a formative stage and work directly with the Head of Futures Operations as his right-hand. You will help design, build, and run operational processes for our futures and derivatives activities — with a core focus on LME and ICE Europe markets. This is a hands-on role with a rare chance to influence how the business operates from day one. Depending on experience, we will consider candidates at either Manager or Analyst level.**Key Areas of Responsibilities*** Partner with the Head of Futures Operations to set up and manage daily operational and trade support functions for exchange-traded futures and derivatives.* Oversee clearing deadlines and ensure all trades are processed accurately and on time, meeting regulatory, exchange, client, and internal requirements.* Execute daily settlement processes across cash-settled and physically-delivered contracts, including LME prompt date processes, physical delivery notices, and option exercise/assignment.* Perform daily reconciliations of positions, trades, margins, and cash flows; investigate and resolve exceptions promptly.* Maintain precise records, monitor operational risk, and ensure compliance with internal policies, clearing house rules, and exchange regulations.* Prepare and submit daily, weekly, and monthly reports on settlement activities to internal stakeholders and external regulators, as required.* Liaise with clearing houses, brokers, and build strong relationships with internal stakeholders to ensure smooth transaction flow and timely issue resolution.* Support strategic projects including system implementation, process automation, and onboarding of new markets.**Requirements*** Bachelor's degree or higher in Finance, Accounting, or a related discipline.* Minimum 7 years of futures operations experience covering clearing & settlements, reconciliation, physical delivery, margin control, option exercise/assignment, and regulatory reporting.* Strong working knowledge of LME and ICE Europe clearing house rules and delivery processes, with particular experience in LME physical delivery.* Familiarity with LMEsmart, LMEmercury, LMEsword, and industry back-/middle-office systems such as ION XTP, GMI, etc.* Exceptional attention to detail with a proactive, problem-solving mindset.* Resilient and adaptable — able to operate independently in a start-up style environment while being a collaborative team player.* Relevant professional qualifications or strong track record of hands-on operational experience in futures markets.* Fluent in both written and spoken English.CLSA may collect personal data from you for purposes relating to your engagement with the Company, including human resource management and other business and internal / external compliance purposes. Any personal information and /or data collected and held by the Company may be used by the Company or transferred (whether within/ outside the United Kingdom) to any other parties within the Company, subsidiaries and affiliates of the Company, internal or external service providers, or any other relevant parties including governmental or regulatory authorities, for the above purposes.**Stay informed on CITIC CLSA Job Opportunities****job alert** to receive our latest job openings that meet your interest.