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.
Job Responsibilities:
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Liaise with settlement counterparties to resolve failing trades and other issues.
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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.
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Follow up on custodian and client queries .
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Ensure all settlements are processed by the respective cutoff times.
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Maintain and ensure that all trade documentation are properly filed and archived.
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Ensure that downstream cash and stock breaks are investigated and/or reconciled.
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Familiarizing with internal tool landscape, infrastructure and processes
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Application of experience and knowledge to Private Banking APAC environment
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Ensuring that assets (securities) received and/or delivered
Essential Skills:
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1-2 years Settlements experience
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Attention to detail / Meticulous / careful
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Comfortable with technology
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Securities settlements (SWIFT MT54x messaging) knowledge/skills will be useful
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Market knowledge for securities (equities & bonds)
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Communications skills in order to liase with Front Office and counterparties.
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Knowledge of Macros is helpful
Salary: $4,500 - 4,800 Per Month
