AVP, Settlement Team, Operations Division AVP, Settlement Team, Operations Division …

Morgan McKinley
in Hong Kong
Permanent, Full time
Last application, 12 Jul 21
Morgan McKinley
in Hong Kong
Permanent, Full time
Last application, 12 Jul 21
AVP, Settlement Team, Operations Division
A Renowned Investment Bank & Securities Brokerage is hiring Settlement role at Associate / AVP level; A team of 7 with focus on Equites, securities and futures

  • The role will primarily focus on supporting daily settlement for equities, listed futures & options, and fixed income.
  • Perform daily stock and cash reconciliation.
  • Forecast funding required for daily settlement.
  • Monitor derivative margin requirement from clearing houses / brokers.
  • Perform F&O position net-down, regulatory reporting for HKEX, CME etc.
  • Handle DCASS give up trades.
  • Post client fund deposits/withdrawals in back office system and wire payment on online banking.
  • Handle clients' physical scrip deposits/withdrawals.
  • Monitor corporate actions for equities and fixed income. Inform clients/Front Office and process client instructions.
  • Handle settlement instructions, placement letters and HKEX documents for placements/IPOs.
  • Communicate with internal and external parties to resolve all settlement problems.
  • Review procedures continuously and identify opportunities to streamline processes, drive efficiency and improve control.
  • Perform UAT and follow up on production release.
  • Requirements
  • Bachelor's Degree or above.
  • 5 years' relevant working experience.
  • Familiar with DCASS, CCASS, Clearstream, Euroclear.
  • Previous experience with HKCC clearing participant is preferred.
  • Proficient in Excel and Word.
  • Must be a good team player.
  • Self-motivated, proactive and driven with can-do attitude.
  • Ability to handle multiple tasks and work under pressure and tight deadlines.
  • Effective communication skills. Good command of Chinese (Mandarin) and English.
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