GENERAL DESCRIPTION
- Responsible for processing security transfer instructions of various products such as equities, fixed income, funds, structured products, derivatives and physical precious metals from clients covering Singapore and Hong Kong booking centres
- Opening of custody accounts with various custodian banks and maintenance of static data in the core banking system
- Ensure daily activities are conducted professionally and accurately while ensuring that internal guidelines and policies are followed
KEY FEATURES AND ACCOUNTABILITIES
Client Management (internal & external)
- Coordinates with internal departments and external sub custodians, custodians, agents & counterparties to ensure that daily work meets organizational standards.
- Monitor the queries received and provide responses or holding replies within a reasonable timeframe.
Business Management
- Input of transfer instructions received from clients into the core banking system. Ensure it meets all the pre-trade validation checks
- Submits request for security master creation if the instrument is not available in the system.
- Maintenance of counterparty SSI in the core banking system
- Ensures that the instructions sent to the custodians are in good order, Swift exceptions queues are cleared daily
- Ensures timely payment of Stamp Duty / Tax and Fees, if applicable for any transfers
- Participate in User-Acceptance-Testing when required
Regulatory Responsibilities &/OR Risk Management
- Demonstration of appropriate values and behaviours including but not limited to standards on honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations
- Work with the relevant teams in fulfilment of regulatory requirements
SKILLS REQUIREMENTS
Personal and Social
- Good communication skills and able to interact with people at various levels
- High level of integrity, commitment and drive to excel in the role
- Demonstrates initiative, passion, independence and is an effective team-player
- Able to work in a fast-paced environment and handle tight deadlines
- Excellent inter-personal skills with service oriented mind-set
Professional and Technical
- Diploma/Degree and minimum of 2+ years of relevant experience in banking or related discipline.
- Good knowledge and understanding of the various securities products (i.e. equities, fixed income instruments, funds, structured products, derivatives etc.)
- Candidate with relevant experience in Security Transfer and SWIFT (MT5xx) knowledge will be an advantage
- Proficiency in MS Office software
