- Monitor settlement transaction to ensure timely settlement incl. pre-matching and cancel and rebook transactions
- place manual settlement and / or transfer instructions, affirm broker confirmations and handle broker enquiries
- systematically chase and resolve pending transfers/ settlements, differences and breaks (cash and security)
- manage trade processing and lifecycle events, ensuring trade Confirmations are dispatched to clients and lifecycle events are booked accordingly
- administrate our securities settlement static data and standard settlement instructions (SSI) reference table
- collaborate with interface partners as part of efficiency improvements and improve processes continuously
- process and send notification on corporate actions events for structured products
Requirements:
· Banking / operations experience, with at least 2 years of professional experience in Operations/Back-Office area/ideally in securities environment
· Work closely with other business units like front office middle office technology, etc. to ensure smooth conduct of operational tasks.
· Should display an appreciation of control quality and risk related issues, proactive approach to avoid potential incidents such as buy-ins, TMPG claim, and cash management charges, late payment fees, etc..
· Ensure existing controls are followed by team. Active participation in daily team huddle and raise all best practices.
· Escalate to internal/external parties regularly for earliest & timely settlements of trades, etc.
· Ensure proper communication compliance of company and regulatory policies affecting areas managed.
· Maintain holistic, optimistic team environment encouraging people to speak up & the challenge status quo
· Identify, suggest, participate in process improvement related initiatives for successful execution.
· Good understanding of securities business domain and trade lifecycle.
· Client focused and motivated to work in partnership with front to back stakeholders to define practical solutions that meets the internal policies and regulatory requirements.
· Strong risk and control mindset with a structured and logical approach to analysis and problem-solving.
