Job Responsibilities

1. OTC Derivatives Settlement Process Management

• Manage the full lifecycle settlement operations of OTC derivatives trades, including trade confirmation, cash settlement, and maturity delivery, ensuring accuracy and timeliness.
• Monitor settlement exceptions, lead discrepancy analysis and issue resolution, and ensure consistency between settlement results and trade terms, ISDA agreements, and related documentation.
• Maintain and update settlement rules and operating procedures to ensure compliance with internal controls and external regulatory requirements.

1. Risk Monitoring and Contingency Management

• Monitor operational risk, liquidity risk, and counterparty credit risk throughout the settlement process in real time; establish and implement contingency plans.
• Regularly assess potential risk points within settlement workflows and collaborate with the risk management team to enhance control measures.

1. Settlement System Optimization and Data Management

• Participate in settlement system testing and upgrades and drive the development of automation tools to improve efficiency.
• Ensure the quality of settlement data, including the completeness and traceability of trade records and margin data.

1. Cross-Functional Collaboration and External Communication

• Work closely with trading, risk management, compliance, and finance teams to ensure seamless alignment between settlement processes, trading strategies, and risk policies.
• Coordinate with custodians, clearing houses, and third-party service providers on external matters such as margin calls and position reconciliations.

1. Compliance and Regulatory Reporting

• Ensure settlement activities comply with Hong Kong Securities and Futures Commission (SFC) and other regulatory requirements.
• Assist in preparing regulatory reports and audit materials, and support both internal and external compliance reviews.

Job Requirements

• Minimum of 8 years' experience in OTC derivatives settlement, back-office operations, or related areas.
• Familiarity with settlement processes for OTC derivatives such as total return swaps, interest rate swaps, credit derivatives, and options.
• Solid understanding of ISDA agreements and derivatives product terms.
• Experience in Hong Kong financial institutions or Chinese securities firms is preferred.Strong knowledge of financial products and a good understanding of Hong Kong and global derivatives market practices.

• Strong sense of responsibility and ability to work under pressure, particularly during periods of market volatility.