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Michael Page Singapore

Chief Operating Officer (COO)

Michael Page Singapore
Posted 8 days ago Permanent Competitive

Chief Operating Officer (COO)

Michael Page Singapore
  • Newly created opportunity for Head of Operations to step up into
  • World's leading futures brokerage
About Our Client

Our client is a global futures brokerage and market leader in the industry it operates in.

Job Description

1. Strategy & General Operations
• Translate business strategies into actionable operational plans, track progress and ensure target delivery.
• Design, implement and optimize operating frameworks and standard operating procedures (SOPs) for trading support, clearing, settlement and risk control functions, with a focus on operational efficiency, scalability and digital transformation.
• Coordinate cross-department collaboration and resolve operational bottlenecks.
• Maintain business relationships with clearing houses (including SGX-DC, CME clearing), exchanges, custodian banks and other key partners.

2. MAS CMSL Holder/NFA Registered FCM/CME Clearing Operation Management
• Oversee full-process clearing operations for CME listed derivatives, including trade processing, margin management, settlement, and delivery; comply with applicable exchange rules and clearing requirements..
• Strictly enforce SG and US fund segregation rules, monitor margin sufficiency, and meet net capital and liquidity requirements.
• Develop and execute default response plans to mitigate operational and financial risks in stressed scenarios.

3. Compliance & Risk Control
• Ensure all operations fully comply with CFTC, NFA, MAS regulations and CME membership rules.
• Coordinate regulatory inspections, internal audits and corrective actions.
• Build and improve risk management framework covering operational, market, credit and liquidity risks; prepare risk reports and implement mitigation measures.
• Strengthen internal controls, permission management and record keeping.

4. Technology & Data Governance
• Oversee front/middle/back office systems implementation, upgrade and operation; ensure system and network stability, security and capacity to support peak business volumes.
• Develop, implement and maintain practical business continuity plans (BCP) for operational processes, and conduct regular testing to ensure effectiveness and operational resilience.
• Optimize system integration and data interface with CME Clearing platform, as well as platforms from SG, US, and other global exchanges.
• Ensure data submitted to regulators such as CFTC, NFA, MAS and CME is accurate, complete and timely.

5. Team & Business Support
• Lead and develop professional teams, define responsibilities and performance objectives, and arrange targeted training.
• Optimize client service processes and improve service quality and experience.
• Provide operational solutions and risk assessment for new business and product launches; control costs and improve efficiency.

The Successful Applicant
• Bachelor's degree or above in Finance, Economics or a related discipline is required.
• Minimum 10 years of experience in financial services operations, preferably in futures, derivatives or brokerage business.
• Must possess solid knowledge of exchange and clearing rules, including those of SGX and CME, with practical experience in clearing and post-trade operations.
• Strong understanding of the MAS regulatory framework for CMS licence holders, with familiarity with U.S. regulatory requirements (including CFTC and NFA) highly preferred.
• Experience in establishing and implementing operational frameworks for new entities is a strong advantage.
• Strong leadership capabilities and stakeholder management skills, with the ability to operate effectively in a multi-jurisdictional and regulated environment.

What's on Offer
  • Competitive salary package with strong upsides
  • Large and stable MNC
  • Newly created opportunity which offers a platform for stepping up
  • Comprehensive benefits
If you are ready to take on this exciting opportunity, apply today to make a significant impact in the banking and financial services sector.
Job ID  JN-052026-7017736
ABOUT COMPANY
Singapore
HR & Recruitment
Since our start as a two-man operation in London in 1976, Michael Page has grown and expanded globally. Now, after more than 40 years in the recruitme...
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