Settlement (Associate to VP) - Securities Operations

SPDB International Holdings Limited; Hong Kong; On-site; HKD 500,000 - 900,000; Full time

Job summary

SPDB International Holdings Limited in Hong Kong seeks a Settlement (Associate to VP) - Securities Operations to manage client money movements and end-to-end settlement across HK and global markets. You will coordinate CCASS tasks, reconcile records, and participate in system testing and new product launches.

Education in Finance/Accounting/Economics and at least 3 years of securities settlement experience are required.

Qualifications

• Degree holder in Finance, Accounting, Economics, Business Administration, Mathematics or a related discipline.
• Minimum 3 years of relevant experience in securities settlement operations.
• Experience with equities, fixed income and mutual funds settlement is preferred.
• Strong English and Chinese language skills; able to work under pressure.

Responsibilities

• Handle client fund deposits and withdrawals, internal fund transfers and client money segregation.
• Handle daily settlement of HK equities, A-shares, US equities and bonds; ensure accurate transfer of funds and securities.
• Oversee CCASS operations, including SI/ISI, nominee services, stock deposit and withdrawal.
• Reconcile with third-party records and investigate reconciliation breaks; support IPO/placement processes.
• Prepare periodic reports and regulatory filings to SFC, HKEX and other regulators on time.
• Review junior staff work and act as escalation point for settlement issues; drive workflow automation.

Skills

Securities settlement

Settlement operations

Mult-job coordination

Education

Finance / Accounting / Economics degree

Tools

CCASS

MS Office / Excel

CTM / Fidessa (adv.)

Job description

Settlement (Associate to VP) - Securities Operations

• Handle client fund deposits and withdrawals, internal fund transfers and client money segregation.
• Handle client account opening and input client account information into the system.
• Handle daily settlement of HK equities, A-shares (Stock Connect), US equities, bonds, etc. Ensuring the accurate transfer of funds and securities.
• Handle CCASS operations, including SI/ISI, nominee services, stock deposit and withdrawal.
• Handle the end-to-end process of IPO/placement.
• Reconcile with third-party records (CCASS, custodians, brokers and counterparties), including position, cash and stock holding reconciliation; investigate and clear reconciliation breaks.
• Handle the end-to-end process of fund subscription and redemption.
• Handle corporate actions (dividends, rights issues, bonus issues, stock splits, etc.) and client entitlements.
• Prepare and submit periodic reports and regulatory filings to the SFC, HKEX and other regulators on time.
• Participate in system testing (UAT), new product launches and ad hoc tasks and projects.
• Oversee the full life cycle of clearing and settlement across multi-market, multi-asset products (HK and overseas), and resolve non-routine settlement issues.
• Review the work of junior team members and act as the first point of escalation for settlement issues, liaising with brokers, custodians and CCASS/HKSCC.
• Continuously review and optimize processes and SOP, and drive workflow automation.

Requirements

Education: Degree holder in Finance, Accounting, Economics, Business Administration, Mathematics or a related discipline.

Experience:

• Minimum 3 years of relevant experience in securities settlement operations.
• Candidates with more experience and qualifications will be considered for the senior position.

Regulatory and product knowledge:

• Experience in handling equities, fixed income and mutual funds settlement.
• Good understanding of the procedures for clearing, fees and commissions calculation, handling IPO, corporate actions and settlement instructions.
• Experience in supporting TRS or other equity derivatives is an advantage.
• Senior level: In-depth familiarity with the full lifecycle operation process of multi-market / multi-asset financial products and the Hong Kong regulatory framework (SFC and HKEX rules).

Technical and systems:

• Familiar with CCASS/DCASS system operations.
• Familiar with major banks' online banking systems.
• Hands-on experience in UAT.
• Proficient in MS Office; strong MS Excel skills preferred;
• Familiarity with CTM, IBoss, Middlex and Fidessa is an advantage.
• Senior level: Deep understanding of clearing and settlement system architecture and operations.
• Programming skills (e.g., VBA, Python) are a strong advantage.

Languages:

Good command of written and spoken English and Chinese (Cantonese and Mandarin).

• Strong sense of responsibility; able to follow through on issues until they are fully resolved.
• Detail-minded, self-motivated and able to work independently under pressure.
• A team player with a can-do attitude.
• Ability to multitask and prioritize workload effectively.
• Good interpersonal skills and problem-solving skills.