Specialist, Settlement Services

Job Summary

Settlement Operations

• Receive, validate, match and settle client, market and sub-custodian instructions across markets.
• Communicate with clients, counterparties, markets, sub-custodians, brokers, issuers, agents, regulators and other stakeholders.
• Process settlement activity in line with market rules, regulations and settlement best practices.
• Ensure trade statuses and instructions are communicated to stakeholders on time.

Cash, FX and Reconciliation

• Review and validate cash and FX settlement transactions, accounting entries and vouchers.
• Review client positions and holdings and reconcile them with sub-custodians and markets.
• Review client cash positions and escalate overdrafts or insufficient funding.
• Perform second-level SWIFT processing and reconciliations, escalating discrepancies to the VP.

Controls and Risk

• Monitor compliance with departmental controls, procedures, KPIs, KRIs and capacity plans.
• Submit incidents and issues for review and ensure transactions meet compliance and audit standards.
• Manage large and complex transactions to reduce loss, penalties and reputational, financial and operational risk.
• Follow departmental policies, standard operating procedures and instructions.

Projects and Improvement

• Participate in system upgrades, processing enhancements, off-hours testing and new client requirements.
• Support implementation of new products, functions, market rules, procedures and service-level agreements.
• Identify process improvements that enhance client satisfaction, reduce manual intervention and lower costs.
• Assist with reports, statements, business-as-usual requests and department initiatives.

Requirements and Qualifications

• University graduate or bachelor’s degree, or five years of related work experience.
• Five or more years of related experience in securities services or back-office operations.
• Solid understanding of securities services, operations and related accounting activity.
• Ability to work under pressure, prioritise and manage multiple tasks.
• Ability to meet business objectives without compromising controls and risk parameters.
• Strong execution, communication, interpersonal and team-working skills.
• High accuracy and attention to detail.
• Specific securities-function experience is an added advantage.