Operations Manager - Settlements

Posted 06 February 2023
Salary To be advised.
Job type Permanent
DisciplineFinancial Services
ContactAbbie Cheng

Job description

My client is a leading financial technology company that provides online brokerage services and trading products to global customers. Due to increased business activities, they are seeking a new headcount in their Operations team and the ideal candidate must be well versed in trade settlements. 

Key Responsibilities:
  • Overseeing trade status and coordinating with key stakeholders to guarantee timely settlement for US/HK/SGX markets
  • Clearing and settling clients' trades in SGX
  • Managing failed trades through chasing fails with counterparties or internal system investigation
  • Implementing client position transfers in and out, including cross-border transfers
  • Participating in ad-hoc projects and working with technology teams for implementation or upgrades
  • Interacting internally to resolve any non-STP trade flow or other issues
  • Daily follow-up with sub-custodian to address queries and resolve issues
  • Addressing daily reconciliation discrepancies related to settlements
Skills and Qualifications Required:
  • Bachelor’s Degree or equivalent experience of at least 3 years in Equities or Derivatives in either the retail or institutional business
  • Experienced in Trade pre-matching, Fails Management, Settlements and Reconciliation in either brokerage firm back office/operations environment
  • Extensive knowledge of SGX clearing regulations rules and procedures
  • Possess knowledge and experience in Equities/Options/Mutual funds etc.
  • Attention to detail and intermediate problem-solving skills and be able to multi-task well
  • Fluency in English and Mandarin Chinese (both oral and written) is a must as communication with Chinese counterparts in China is necessary
  • Enjoys engaging in teamwork with a positive and constructive attitude
  • Proficient in MS office and Excel