Manager, Remittance and Settlement

Dah Sing Financial Group; Hong Kong; On-site; HKD 900,000 - 1,300,000; Full time

Job summary

Dah Sing Financial Group is seeking a senior settlement supervisor to lead a team handling daily settlement activities for derivative products and related treasury operations in Hong Kong.

You will oversee operations for FX options, equity options, interest rate swaps and other derivatives, ensure accuracy of initial and variation margin processing, monitor day-end controls, and support regulatory reporting and management reporting to senior management.

Qualifications

• Minimum 10 years relevant experience in Banking or Financial Institution, with at least 4 years in a supervisory role.
• Sound knowledge of treasury and investment products.
• Familiar with relevant settlement systems and processes.
• Strong people and project management skills.
• Proficient in English and Chinese (spoken and written).

Responsibilities

• Supervise team members to carry out daily settlement operations for derivatives products.
• Support FXMM and Fixed income teams, participate in user testing and management reporting.
• Check and review daily settlement operations for trades including FX options, equity options, and interest rate swaps.
• Monitor margin processing with counterparties and central clearing agents.
• Review trade events lifecycle and regulatory reporting obligations.
• Drive end-to-end process reviews and continuous improvement projects.
• Coordinate with stakeholders for issue resolution and participate in DR/BCP drills.

Skills

People management

Project management

Analytical skills

English and Chinese

Interpersonal skills

Education

Degree in Banking / Finance / Business Administration

Tools

RTGS

SWIFT

HKTR

MarkitWire

EasyWay

Xact

Job description

You will be responsiblefor supervising team members to carry out daily settlement function for derivatives products effectively and efficiently. You will be required to support FXMM and Fixed income team, support strategic & industry driven projects, participate in user testing, assist Department Head in management reporting.

Responsibilities

Check and review daily settlement operations for newly executed FX option, equity option & interest rate swap trades as well as other derivatives products (including Equity derivatives, interest rate derivatives, FX derivatives, Credit derivatives)

Check and review daily operations of initial margin & variation margin with trading counterparties and central clearing agent

Review daily processing of all trade events (including corporate action, life-cycle events and option exercise events)

Monitor & handle trade repository reporting to comply with regulatory reporting requirements

Monitor daily day end control checking for all products

Support CNY regulatory reporting and other management reporting

Review and update procedure manual regularly in accordance with bank practice

Liaise with related stakeholders for problem resolution

Drive the team in end-to-end process review and reengineering projects for continuous process improvement

Work with department head and teams in BCP, drill exercise and operations resilience planning

Manage team productivity and staff performance for operational excellence

Requirements

Degree holder in Banking / Business Administration / Finance is preferred

Minimum 10 years relevant experience in Banking or Financial Institution of which 4 years at supervisory level

Sound product knowledge of treasury and investment products

Familiar with RTGS, SWIFT, HKTR, MarkitWire, EasyWay, Xact and related settlement system

Strong people management and project management skills

Good interpersonal and analytical skills

Good command of spoken and written English and Chinese

Please note that only shortlisted candidates will be notified.