Manager / Assistant Vice President, Settlement & Custody Services (Custody Services)

OCBC Bank (Hong Kong) Limited; Hong Kong; On-site; HKD 420,000 - 600,000; Full time

Benefits offered by this job

Competitive base salary

Holistic benefits package

Professional development opportunities

Community involvement

Job summary

OCBC Bank (Hong Kong) Limited is seeking an experienced Custody and Corporate Actions professional to monitor events, ensure accuracy, and support various ad-hoc assignments. The role involves overseeing corporate actions across multiple investment products, coordinating with systems like ibroker, T24, IVS, and CBS, and guiding junior staff.

The candidate should have ~3 years in banking with custody experience, strong problem-solving, and team leadership, plus proficiency in MS Office.

Qualifications

• 3 years in Banking industry, preferably with knowledge on custody and handling corporate action events for investment products.
• Strong people management skills with the ability to motivate and drive results.
• Excellent problem-solving and decision-making skills to address Operational challenges.
• Possess desirable attributes including being a team player, willingness to learn and problem-solving skills.
• Has product knowledge of equities and fixed income.
• Good knowledge of PC skills including MS Word, Excel & PowerPoint.

Responsibilities

• Monitor all corporate events for different investment products to ensure they are performed properly and its correctness and completeness including local and foreign markets.
• Ensure all corporate events are completed on schedule.
• Ensure all benefit entitlements are distributed properly.
• Check notification letter input for general corporate events.
• Check the manual draft corporate event letters for complex corporate events.
• Monitor Corporate Action of different investment products which include Bond, Unit Trust, Structured Products, SDS and Foreign Stock in Bank systems (e.g. ibroker, T24, IVS, CBS)
• Operate custodian platform for Corporate Action (e.g. Clearstream, Euroclear, CCASS, FINI)
• Handle and monitor IPO stock subscription and settlement tasks
• Handle and monitor payment instructions
• Reconciliation monthly statement and reports
• Handle Branch enquiries and follow up
• Supervise and coach junior / new members of the section
• Provide support to the section head and other team managers when required
• Attend system training, prepare SOP and assist UAT project

Skills

Custody

Corporate Action

People Management

Problem Solving

Team Player

Equities

Fixed Income

MS Word

MS Excel

MS PowerPoint

IBroker

T24

IVS

CBS

Tools

IBroker

T24

IVS

CBS

Job description

WHO WE ARE:

As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires. Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future. We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here.

To monitor and ensure completeness for custody services of investment products such as Equities, Bonds, ELI/ELN, UT and Structure Deposit. He/she is also required to support various ad-hoc assignments, attend system training, prepare SOP and controls the preparation of weekly/monthly statistics reports to management.

Responsibilities

• Monitor all corporate events for different investment products to ensure they are performed properly and its correctness and completeness including local and foreign markets.
• Ensure all corporate events are completed on schedule.
• Ensure all benefit entitlements are distributed properly.
• Check notification letter input for general corporate events.
• Check the manual draft corporate event letters for complex corporate events.
• Monitor Corporate Action of different investment products which include Bond, Unit Trust, Structured Products, SDS and Foreign Stock in Bank systems (e.g. ibroker, T24, IVS, CBS)
• Operate custodian platform for Corporate Action (e.g. Clearstream, Euroclear, CCASS, FINI)
• Handle and monitor IPO stock subscription and settlement tasks
• Handle and monitor payment instructions
• Reconciliation monthly statement and reports
• Handle Branch enquiries and follow up
• Supervise and coach junior / new members of the section
• Provide support to the section head and other team managers when required
• Attend system training, prepare SOP and assist UAT project

Requirements

• 3 years in Banking industry, preferably with knowledge on custody and handling corporate action events for investment products.
• Strong people management skills with the ability to motivate and drive results
• Excellent problem-solving and decision-making skills to address Operational challenges.
• Possess desirable attributes including being a team player, willingness to learn and problem-solving skills
• Has product knowledge of equities and fixed income.
• Good knowledge of PC skills including MS Word, Excel & PowerPoint.

What we offer

• Competitive base salary.
• A suite of holistic, flexible benefits to suit every lifestyle.
• Community initiatives.
• Industry-leading learning and professional development opportunities.
• Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.
• Let’s build the bank we need for the future we want.
• Find the best version of yourself in a friendly, supportive team.
• Build lasting value in your community.
• Help people grow their assets, business, and investments.
• Take your learning as far as you can.
• Or simply enjoy a vibrant, future-ready career.

Your Opportunity Starts Here

As the longest established Singapore bank, formed in 1932 from the merger of three local banks, we have grown from strength to strength to become a regional financial services group. With a deep history in Asia, we offer the most comprehensive coverage across ASEAN and Greater China, complemented with a presence in the leading economies of New York, London and Sydney. We are the second largest financial services group in Southeast Asia by assets with one of the world’s highest credit rating (Aa1 by Moody’s and AA- by both Fitch and S&P). We offer private banking services through our wholly-owned subsidiary, Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in‑class products to meet its clients’ goals. Our insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia.