Settlement Ops
Our client is a Taiwanese Bank looking for an Operations Officer to join their Private Banking team. This position is established to provide strategic and operational support to the Chief Operating Officer of Private Banking (PB COO) in Singapore. The incumbent will play a pivotal role in ensuring the seamless execution of day-to-day operations within a well-governed and risk-aware framework. Key responsibilities include overseeing wealth management settlement processes, facilitating client transaction workflows, and contributing to a broad spectrum of operational initiatives within the private banking domain.
1. Trade Settlement Operations
- Trade Execution Oversight: Administer the execution of investment orders across various instruments, including ETFs, equities, fixed income products, and structured notes.
- Settlement Coordination: Supervise the end-to-end trade settlement lifecycle, ensuring accuracy and adherence to timelines.
- Counterparty Engagement: Act as a liaison with external settlement agents to troubleshoot and resolve trade discrepancies or failures.
- Cutoff Time Management: Monitor and enforce compliance with settlement deadlines to prevent processing delays.
- Custodian & Internal Liaison: Address inquiries from custodians and internal stakeholders regarding settlement-related matters.
- Corporate Action Processing: Manage events such as dividend distributions and stock splits, ensuring accurate documentation and timely execution.
- Reporting & Reconciliation: Prepare periodic reports, including depot and nostro reconciliations, to track and validate settlement activities.
2. Operational and Managerial Support
- Team & Leadership Assistance: Support the Team Manager and Branch Manager in fulfilling operational and client service objectives.
- Policy Adherence: Ensure all daily operations comply with internal policies, regulatory standards, and procedural guidelines.
- System Input Accuracy: Enter transaction data into internal systems with precision to facilitate correct booking and settlement.
- Issue Resolution: Investigate and resolve anomalies related to settlements, ledger entries, and transactional discrepancies.
- Record Maintenance: Maintain organized and audit-ready transaction documentation for compliance and reference.
3. Systems & Process Optimization
- System Enhancement Testing: Participate in User Acceptance Testing (UAT) for system upgrades, ensuring smooth implementation of new functionalities.
- Procedure Documentation: Regularly review and update Standard Operating Procedures (SOPs) to reflect evolving processes and regulatory changes.
4. Risk Management & Compliance
- Audit & Review Support: Assist during internal audits, risk assessments, and operational reviews.
- Ad-Hoc Responsibilities: Undertake additional tasks as delegated by management, including providing coverage during staff absences or urgent situations.
PoC: Nicole Lim
EA Number: R24124984 / EA License No: 16S8194
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