Responsibilities
· Conduct joint client call meetings with Relationship Managers from Wealth Management Department for 3rd party fund movement, and execute product subscription/redemption using discretionary account and resolve statement discrepancies.
· Handle trade settlement for Equities, Fixed income, Asset Management and Structured note transactions. Ensure timely and accurate booking across Singapore and Hong Kong system in compliance with all local regulatory and entity specific requirements.
· Work closely with business units to monitor post trades status, include reconciliation of custodian report and Bloomberg portfolio management system, daily adjustments to the system and provide update and accurate information to business and clients
· Provide post-trades support including corporate action processing, trade, position, cash reconciliation, cash projection including foreign currency monitoring and conversion when necessary.
· Ensure end-to-end operation including managing subscription of funds, disbursement of funds, custodies of legal documents for unquoted securities.
· Maintain precise and comprehensive portfolio data to ensure accurate performance reporting for both management and clients.
· Other operational reports as required.
· Handles account lifecycle inquiries for local and overseas sales team
· Coordinate and serve as liaison for all audit activities (internal and external) and internal business matters including interactions with relevant internal Committees
· Manage vendor relationships, including brokers and custodian banks, and coordinate with Corporate Secretary and operations system.
· Conduct vendor reviews to ensure compliance with MAS Outsourcing Notice and Guidelines.
· Act as the liaison with custodians on account opening matters.
· Ensure robust end-to-end process controls, integrate all compliance requirements, and maintain adherence to accounting guidelines throughout both the specification and post-implementation phases.
· Prepare and draft responses to MAS reporting requirements and any ad-hoc queries from relevant regulators.
· Collaborate with COB on all client onboarding matters related to Singapore Entity.
· Support and participate in departmental /cross-functional/ad-hoc projects focused on system automation and quality enhancement, including user acceptance testing, data conversion, documentation of new products (e.g.
Securities Services transformation initiatives, update of Standard Operating Procedures (SOPs) etc.
Requirements
· 5 to 7 years of business in Operations and familiar with processes involving Static Data Management, Trade Execution and Settlement.
· Understanding of project life cycles, project planning and project management methodologies
· Experience with Financial applications such as Swifts and Bloomberg will be an added advantage
· Good interpersonal and communication skills, able to interact effectively with various stakeholders
· Strong problem-solving skills for complex matters and eye for detail and accuracy
· Strategic thinker and proactive, able to foresee issues ahead and take proactive steps to prevent them
· Analytical and process minded, understand processes and workflows from start to finish
· Able to multitask and excellent organizational skills to meet deadlines
· May require to work extended hours during peak periods, especially around trade settlement deadlines.