Operations Specialist (Settlement Support)

CICC; Hong Kong; On-site; HKD 250,000 - 420,000; Full time

Job summary

CICC is seeking a detail-oriented settlements specialist in Hong Kong to manage daily department operations across Equity, Fixed Income, Structured Notes and Funds post-trade processing. The role requires coordinating with banks and custodians, ensuring internal controls and regulatory compliance, and performing reconciliations.

You will participate in ad hoc projects for new products and system enhancements, liaise with brokers, and support UAT for new business models.

Qualifications

• Must have good communication skills in Putonghua, Cantonese and English (as phone confirmation with banks and counterparties may be required)
• Proficiency in MS Office; knowledge of VBA is a plus
• Good team player with interpersonal skills; able to work independently and under pressure
• Able to work rotating shifts such as T+1 settlement on US market and manage time effectively
• Strong problem-solving skills with a sense of responsibility ; attention to detail

Responsibilities

• Ensure smoothness in daily department operation
• Handle equity, fixed-income, structured notes and fund post-trade settlement and fund processing for brokerage activities
• Ensure processes comply with internal controls and external regulations
• Perform reconciliation among bank, custodian and in-house records for cash and stock
• Participate in ad hoc projects for new products or system enhancements
• Liaise with brokers and counterparties to follow up on settlement issues
• Provide administrative support such as data input and filing
• Perform UAT for new projects and new business models
• Gain experience in a sizable international institution and understand international settlement practices
• Understand settlement functions in major equity markets
• Know how to send SWIFT instructions (e.g., MT103, MT54x)

Skills

Communication skills

Teamwork

Independent work

Problem solving

Time management

Pressure handling

Education

Bachelor's degree or above

Tools

MS Office

MS Office VBA

Job description

The successful candidate will be responsible for:

• Ensuring smoothness in the daily operation of the department
• Handling Equity, Fixed-income, Structured notes and Fund post-trade settlement and fund processing for brokerage activities
• Ensuring the processes are within proper internal control and in compliance with external rules and regulations
• Performing reconciliation among bank, custodian and in-house records for cash and stock
• Participating in ad hoc projects for new products or new system enhancements
• Liaising with brokers and counterparties to follow up for any settlement related issues and enquiries
• Providing administrative and clerical support, such as data input and document filing
• Performing UAT for new projects / New business models / System enhancements
• Have gained adequate experience in working in a sizable international institution knowing all international practices
• Have thorough understanding of the settlement function in major equity markets
• Have knowledge in sending SWIFT format instruction, ex. MT103, MT54x, etc.

Require rotating shifts (day shift and night shift) for US stock operations

Requirements

• Good communication skills in Putonghua, Cantonese and English (as phone confirmation with banks and counterparties may be required)
• Mastery of MS Office, knowledge of MS Office VBA
• Good team player with adequate inter-personal skills
• Able to work independently and under pressure
• Able to work rotating shifts such as T+1 settlement on US market and have excellent time management skills
• Good problem-solving skills with a strong sense of responsibility
• Degree holder or above
• 1 to 2 years of settlement experience is preferred

Disclaimer:

CICC is committed to fostering an environment of equity and diversity. We recognize the importance of fair treatment in all aspects of our business, from recruitment and hiring to professional development and advancement.

CICC aims to build an inclusive workplace that values the diverse backgrounds, ideas, and cultures of our employees. We strive to create an environment where every employee feels heard, supported, and empowered to contribute to the company's growth and success. By leveraging our collective strengths, we aim to drive innovation and achieve excellence in the industry.

It is CICC’s responsibility to provide equal employment opportunities to all prospective employees, regardless of race, ethnicity, gender, age, disability, or any other characteristics protected by law.

The preceding job description has been designed to indicate the general nature and level of the work to be performed by employees within this classification. It is not intended to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.