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AVP, Settlement Team, Operations Division

Job Seekers Hong Kong SAR China Financial Services Operations Financial Services - Banking

Job Summary

  • Hong Kong
  • Permanent
  • BBBH783496
  • May 28, 2021
  • Competitive
Job Description

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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    Consultant Details

    Consultant Details

    Jonathan Wong
    Jonathan Wong
    • Managing Consultant | Financial Services Operations Recruitment
    • 3907 3914