Intern - Clearing Intern (Derivatives) (Spring 2027, Jan to Jun)

SGX Group Internship Program – Derivatives Clearing House

Singapore Exchange (SGX Group) is Asia’s leading and trusted securities and derivatives market infrastructure, operating equity, fixed income, currency, and commodity markets to the highest regulatory standards. SGX also operates a multi-asset sustainability platform, SGX FIRST (Future in Reshaping Sustainability Together). With climate action as a key priority, SGX aims to be a leading sustainable and transition financing and trading hub offering trusted, quality, end-to-end products and solutions.

SGX provides listing, trading, clearing, settlement, depository, and data services. About 40% of listed companies and over 80% of listed bonds originate outside of Singapore. SGX is the world’s most liquid international market for benchmark equity indices of China, India, Japan, and ASEAN. In foreign exchange, SGX is Asia’s leading marketplace and most comprehensive service provider for global FX over-the-counter and futures participants. Headquartered in Singapore, SGX is globally recognised for risk management and clearing capabilities.

Join a fast-paced environment where your contributions count. Interns gain insights into the Exchange business and the finance value chain, and are involved in real-time work from Day 1. Note: Leave of Absence (LOA) may be required to take on the internship.

Exchange Operations Roles

• Applied Intelligence
• Applied Solutions
• Derivatives Clearing House
• Issuance and Custody
• Clearing House (Derivatives)

Derivatives Clearing House – Brief Overview

The Derivatives Clearing House team is responsible for the clearing and settlement operations of SGX Derivatives, ensuring trades are processed accurately, securely, and in compliance with regulatory standards. The team manages the full lifecycle of derivatives transactions—from post-trade management and margining to money settlement and risk mitigation—while optimizing collateral usage and maintaining operational resilience.

Key Responsibilities

1. Product development: Derivatives products from concepts to life.
2. Market management: Monitor and manage the Derivatives market by leveraging technology and tools.
3. Risk management: Manage counterparty risk through daily cycle mark-to-market, margining, and collateral management.

Learning Objectives

Selected interns will undergo a structured internship program with exposure in the following areas:

1) Technical Development (70%)

• Singapore’s derivatives market, rules, and processes under the guidance of experienced and passionate mentors.
• Tools and technologies for market management (e.g., CW2, Titan OTC, SWIFT).
• Derivatives business product knowledge (e.g., negotiated large trades of listed equities, commodities, and foreign exchange derivatives products).
• Derivatives clearing processes, systems, rules, and concepts (e.g., daily settlement cycle, margin calls).
• Collateral management: learn about different types of collateral (e.g., cash, government securities) and participate in daily collateral movements and reconciliations.
• Handling day-to-day exceptions.

2) Professional Development (20%)

• SGX training.
• Stakeholder management.
• Presentation.
• Process improvement initiatives to improve efficiency and/or risk controls.

3) Cross-Function Development (10%)

• Cross-function learning.
• Strategize offline event planning and execution.

Job Description

Develop Singapore derivatives market infrastructure by:

1. Ensuring smooth market operations.
2. Enhancing market management decision-making through in-house data analytics and dashboards.
3. Automating daily operations processes through VBA, R, and/or Python scripts.

Knowledge and Skills Requirements

• An eye for details
• Proactive
• Self-motivated and goal oriented
• Can-do spirit
• Fast learner
• Effective team player
• Ability to deal with ambiguity
• Ability to communicate complex concepts
• Analytical mindset with strong problem-solving abilities
• Strong interpersonal and relationship management skills
• Proficient in MS Word, PowerPoint, and Excel
• Experience in programming (VBA and/or Python)