Job Summary:
The Securities Settlement Officer is an entry to junior-level role responsible for the accurate and timely settlement of securities transactions. This position is ideal for candidates who are looking to develop their expertise in processing daily settlements for equities, bonds, and other instruments, while supporting trade operations and compliance activities.
Key Responsibilities:
- Settlement Processing
- Execute securities transactions in settlement efficiently and accurately.
- Handle daily settlement activities (scripless and physical) for equities, bonds, and other financial instruments.
2.Trade and Instruction Support
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- Assist in trade booking and repair settlement instructions pending approval.
- Prepare payment instructions, foreign exchange (forex) entries, and basic accounting entries.
3.Reconciliation and Compliance Support
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- Support reconciliation reviews to ensure accuracy.
- Assist in arranging stamp duty payment preparation processes.
4.Client and Market Coordination
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- Prepare and issue instructions to the market and agents for the settlement of client instructions under supervision.
5.Reporting and Escalation
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- Report any suspicious or outstanding transactions or incidents to the Team Manager and relevant parties in accordance with the Incident Management Policy.
6.System and Process Testing
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- Participate in user acceptance testing (UAT) for system enhancements as required.
- Assist in reviewing business requirements and preparing test cases under guidance.
7.Project and Development Participation
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- Participate in project initiatives, customer implementation support, and operational reviews.
- Attend job-specific and related training to develop skills and knowledge.
8.General Duties
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- Perform regular and ad hoc tasks as assigned by the Team Manager and Department Head.
Qualifications and Skills:
- Bachelors degree in Finance, Business, or a related field.
- 1-2 years of experience in securities settlement, custody, or operations is preferred; fresh graduates with relevant internships will also be considered.
- Basic understanding of settlement processes for equities, bonds, and other financial instruments.
- Willingness to learn payment systems, forex, and basic accounting entries.
- Strong attention to detail and a proactive approach to tasks.
- Good communication skills and ability to work in a team.
- Proficiency in Microsoft Office; prior exposure to settlement systems is a plus.
How to Apply:
Interested candidates are invited to submit their resume and cover letter to hrhongkong@tangspac.com .
This job description provides a general overview of the role and may be subject to changes based on business needs. We welcome motivated individuals eager to start or grow their career in securities settlement in banking industry.