Associate-Vice President, OTC Operations & Settlement

Shenwan Hongyuan Securities (H.K.) Limited; Hong Kong; On-site; HKD 900,000 - 1,300,000; Full time

Benefits offered by this job

5-day week

Fringe benefits

Job summary

Shenwan Hongyuan Securities (H.K.) Limited in Hong Kong is seeking an Associate-Vice President to lead OTC Operations & Settlement, ensuring accurate and timely settlement of OTC trades while coordinating with middle office, treasury and counterparties to mitigate operational risk.

The role requires at least 3 years in FICC/OTC operations, strong Excel skills (VBA/Python/SQL a plus), and fluent English and Mandarin. We offer a 5-day week, a competitive remuneration package and fringe benefits.

Qualifications

• Degree holder with minimum 3 years of experience in FICC/OTC operations, settlement, or middle office within a bank, broker, or asset manager.
• Good knowledge of OTC products (Bonds, Repo, Structure notes, FX Derivatives) and their life cycle.
• Familiarity with different clearing centres (e.g. CMU, Clearstream and DTCC).
• Experience with fund operations (subscription/redemption) and funding processes.
• Proficient in MS Excel; knowledge of VBA, Python, or SQL is a plus.
• Strong attention to detail, risk awareness, and ability to work under pressure.
• Proactive mindset and willing to take ownership.
• Team-focused, being able to take up more responsibilities as needed.
• Good communication skills in English and Mandarin; additional languages are advantageous.

Responsibilities

• Perform daily settlement and clearing of OTC trades, including fixed-income products, structure notes, FX and OTC options.
• Ensure all trades are confirmed, matched, and settled accurately within market deadlines.
• Monitor settlement status and resolve discrepancies or fails in a timely manner.
• Keep track of product life cycle schedule and initiate settlement instructions accordingly.
• Proactively follow up with counterparties, clearinghouses, and brokers on pending settlements and issues.
• Maintain strong relationships with external parties for efficient communication and issue resolution.
• Process fund subscriptions and redemptions; prepare and submit funding transfer requests to Treasury or Payments teams.
• Manage daily collateral movements, settlements and reconciliations; validate and issue margin calls.
• Perform daily reconciliations of trade blotters, positions; prepare and distribute settlement and failing trade reports; support month-end and regulatory reporting.

Skills

Attention to detail

Risk awareness

Proactive mindset

Team-focused

Good communication skills

Education

Bachelor's degree

Tools

MS Excel

VBA

Python

SQL

Job description

Associate-Vice President, OTC Operations & Settlement

As an OTC Operations & Settlement Specialist, you will be responsible for the accurate and timely settlement of OTC trades, monitoring of settlement status, and handling of related funding and asset servicing activities. You will work closely with middle office, counterparties, and treasury team to ensure smooth post-trade operations and mitigate operational risk.

Key Responsibilities:

• 1. Trade Settlement & Clearing
  • Perform daily clearing and settlement of OTC derivatives trades, including but not limited to fixed-income products, structure products, FX and OTC options.
  • Ensure all trades are confirmed, matched, and settled accurately within market deadlines.
  • Monitor settlement status and resolve any discrepancies or fails in a timely manner.
  • Keep track of product life cycle schedule, and initiate settlement instruction according to the schedule.
  • Proactively follow up with counterparties, clearinghouses, and brokers on pending settlements, discrepancies, or failing trades.
  • Maintain strong relationships with external parties to ensure efficient communication and issue resolution.
  • Process fund subscriptions and redemptions.
  • Prepare and submit funding transfer requests to Treasury or Payment teams to ensure adequate funding for settlements.
  • Manage daily collateral movements, settlements and reconciliations.
  • Validate and issue margin calls, manage daily exposure, and handle interest on collateral.
• 5. Operational Control & Reporting
  • Perform daily reconciliations of trade blotters, positions.
  • Prepare and distribute settlement and failing trade reports to stakeholders.
  • Support month-end and regulatory reporting as needed.

Requirements:

• Degree holder with minimum 3 years of experience in FICC/OTC operations, settlement, or middle office within a bank, broker, or asset manager;
• Good knowledge of OTC products (Bonds, Repo, Structure notes, FX Derivatives) and their life cycle;
• Familiarity with different clearing centres (e.g. CMU, Clearstream and DTCC);
• Experience with fund operations (subscription/redemption) and funding processes;
• Proficient in MS Excel; knowledge of VBA, Python, or SQL is a plus;
• Strong attention to detail, risk awareness, and ability to work under pressure;
• Proactive mindset and willing to take ownership;
• Team-focused, being able to take up more responsibilities as needed;
• Good communication skills in English and Mandarin; additional languages are advantageous.

We offer attractive remuneration package and fringe benefits including 5-day week to the right candidate.

All information received will be kept in strict confidence and only for recruitment-related purposes.