PRIVATE BANKING OPERATIONS (PERM)

Job Description

  • Perform day-to-day account administration including vetting of documents, safekeeping and client data maintenance in system.
  • Ensure smooth daily processing of Private Banking transactions, settlements and corporate actions
  • Perform first line of checks of clearing and custody for securities, mutual funds operation and derivative transactions as well as reconciliations.
  • Work closely with business and other operational departments to support daily processing and settlement
  • Conduct periodic review and identify documental/transactional risks so as to explore mitigating measures, where possible.
  • Perform UAT for new products, system enhancements and new initiatives.
  • Review and enhance workflow and procedures to achieve operational efficiency
  • Handle reporting to Head office and MAS related to Private Banking business

Requirements

  • Full Time Degree in business related discipline
  • At least 3 years of operations experience in private bank, wealth management business or investment bank.
  • Excellent knowledge of investment products, such as FX, bonds, equities, mutual funds and structured products (DCI, ELN).
  • Prior experience in clearing and settlement of Singapore and international securities
  • Knowledge of wealth management lending ¬†and lombard loans processing will be advantageous
  • Strong awareness of operational risk controls, local and overseas market practices and regulatory requirements.
  • Strong interpersonal and communication skills to work well with all counterparts.
  • T24, TAP system experience preferred.
  • Able to work under pressure

Salary Range: $4,800 - $6,000 Per Month