Job Title

Head of Asia Futures Reconcilliation


SG 1502-1

Job Description

Our client is a major global Trading House who facilitates the marketing, processing, financing and transportation of essential raw materials. Sourcing bulk commodities from low cost regions such as South America, South Africa, Australia and Indonesia, our Client supplies high growth demand markets, particularly in Asia and the Middle East. They participate in both physical and paper marketplaces and due to the expansion of their Futures trading activities they are seeking to engage a Head of Asia Futures Reconciliation to be based in their offices in either Singapore of Shanghai.

The prime responsibility for this appointment is to lead the processing and settlement procedures for all exchange traded Future & Option contracts traded within the Asia market place, involving calculating, processing & posting of Margin payments to Exchanges, Clearing brokers and internal trading books. The Futures Reconciliations area provides dedicated support to the Asia based Trading Teams in Base Metals and Petrochemicals. The nature of this support requires individuals to facilitate the reconciliation of Futures trades executed by the Front Office Traders.

The individual would be expected to rapidly gain a detailed understanding of the front to back trade flows across various Futures Exchanges and internal systems in order to lead the reconciliation process.

The individual will be required to establish and maintain close working relationships at all levels, with Front Office Trading Desks/Traders, Futures Trade Processing and Sales and Support Staff (e.g. Credit, Finance, Market Risk, Legal & Compliance and other global Operations) - allowing for an integrated and proactive approach to the business requirements.


15 or more years of experience with part of that gained in leadership responsibility within Credit, Finance, Market Risk, Legal & IT, Global Futures Operations experience


•    A working knowledge settlement systems (such as Rolfe and Nolan and/or Clearvision) in order to oversee the facilitation of feed/input of trades, monitoring exercises/assignment of options and production of necessary trading, position and mark-to-market reports.
•    Strong Futures reconciliation experience
•    Ability to establish, maintain and oversee a system/platform that checks trades, positions, closing prices, margins and commissions to ensure all Future accounts reconcile with account balances at the Exchanges and Clearing brokers
•    Taking the leading role in performing all posting & margin requirements to an internal General Ledger
•    Ensuring that all trading, positions and margin reports have been logged and sent out to relevant trading & accounting control personnel
•    Balancing OTE and cash balances on Futures exchanges
•    Balancing positions and trades on T+1 and resolving any breaks
•    Leading and mentoring subordinate staffs
•    Working closely with the Trading Desk Heads and Business Unit Leaders


•    Excellent Higher Education and Graduate/Postgraduate Level
•    Good experience and understanding of the major Future exchanges
•    Good experience and understanding Deliveries processing
•    Knowledge and understanding of Settlement Systems such as Rolfe & Nolan and/or Clearvision
•    Good experience and understanding of Exchange and Delivery Systems
•    Knowledge of Excel, word and Powerpoint
•    Excellent interpersonal and communication skills
•    Excellent verbal and numerical reasoning skills
•    Fluency in spoken and written English. Ability to also speak Mandarin would be advantageous


To enquire further about this position or to arrange to interview, please contact: send your full resume in MS Word to: Email: . Our client is an equal opportunities employer. Only shortlisted candidates will be contacted.

Consult Selection Pte Ltd - EA License No: 01S3252 - EA Individual Registration No: R1106156



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