Overview of business area or project:
The Control Settlements team handles the trade settlements process for the Private Banking business.
You will be an effective teammate, actively involved in the daily business by supporting timely and efficient settlement of all security transactions across markets for Private Banking clients’ daily trading activities. Trade Settlements will require timely processing while maintaining a high standard of control and accuracy; the team also ensures any queries and coordination required are followed up timely and expertly and all stock and cash breaks are reconciled.
Key Responsibilities:
- You shall liaise with settlement counterparties to resolve failing trades and other issues
- You are responsible for monitoring all STP’ed instructions in accordance to the trade details and ensure accuracy in the SWIFT instruction sent to custodian, whilst performing manual instructions where required
- You will follow up on custodian and client queries
- You are to ensure all settlements are processed by the respective cutoff times
- You will maintain and ensure that all trade documentation are properly filed and archived
- You will ensure that downstream cash and stock breaks are investigated and/or reconciled
The role also entails:
- Familiarizing with internal tool landscape, infrastructure and processes
- Application of experience and knowledge to CS PB APAC environment
- Ensuring that assets (securities) received and/or delivered
Essentials Skills and Qualifications:
- Attention to detail / Meticulous / careful
- Comfortable with technology
- Securities settlements (SWIFT MT54x messaging) knowledge/skills will be useful
- Basic market knowledge for securities (equities & bonds) will be useful
- Communications skills in order to liaise with Front Office and counterparties
- Knowledge of macros is helpful
Desired Skills and Qualifications:
- You possess good numerical and analytical skills
- You have a positive can-do attitude, combined with strong attention to detail
- You have acquired 1-2 years of Settlements experience
- You exhibit good command of English with strong written and verbal interpersonal skills
- You display the strong ability to communicate effectively across all levels
- You are a good team player but can also work independently
Salary: $4,800 Per Month