Settlement Manager / VP – Overseas Markets & Fixed Income HKD40-70K/m

Andrea Mak; Hong Kong; On-site; HKD 446,000 - 781,000; Full time

Job summary

Andrea Mak is seeking a Settlement Manager / Senior Manager for overseas markets and fixed income in Hong Kong. You will manage post-trade settlement for global markets, bonds, and funds, coordinating with Clearstream, Euroclear, CMU, and Middle X.

The role requires 4–8+ years of settlement experience, strong Excel skills (VBA a plus), and fluency in English and Cantonese. Mandarin is preferred. Hybrid or on-site work is possible based on needs.

Qualifications

• Bachelor's degree in Finance, Accounting, IT or related discipline.

Responsibilities

• Oversee post-trade clearing and settlement for Global Markets, Fixed Income, funds, and OTC products.
• Manage settlement via Clearstream, Euroclear, CMU and Middle X.
• Handle custody, SI, cross-border transfers and corporate actions.
• Resolve fails and investigate breaks with custodians and depositories.
• Provide front-office support for settlement queries and timely execution.
• Ensure compliance with HK SFC rules and cross-border tax rules.
• Lead system upgrades and project testing (UAT) for settlement processes.

Skills

Post-trade settlement

Analytical & reconciliation

Excel VBA/macros

Regulatory compliance

Cross-border settlements

English & Cantonese fluency

Education

Bachelor's degree in Finance/Accounting/IT

Tools

Middle X

Clearstream

CMU

Job description

Settlement Manager / VP – Overseas Markets & Fixed Income HKD40-70K/m

Title: Settlement Manager / Senior Manager (Experienced candidates considered as Vice President)

Core Responsibilities

• Overseas & Multi-Asset Settlement Execution: Manage post-trade clearing and settlement for transactions executed across Global Markets (US, Europe, Asia-Pacific), Fixed Income/Bonds, Mutual Funds, Structured Products, and OTC derivatives.
• Depository & Clearing Operations: Perform daily trade pre-matching, matching, booking, and settlement via Clearstream, Euroclear, CMU (Central Moneymarkets Unit), and Middle X.
• Custody & Asset Servicing: Handle physical and book-entry client stock deposits and withdrawals, Settlement Instructions (SI), cross-border transfers, and corporate action events (coupon fixings, dividend distributions, redemptions).
• Fails & Exception Handling: Liaise with global custodians, sub-custodians, depositories, and counterparties to investigate breaks, resolve unmatched instructions, and prevent settlement buy-in/fail penalties.
• Front-Office Support: Act as the direct operational point of contact for institutional sales and trading desks to answer settlement queries and facilitate timely trade execution.
• Regulatory Compliance & Tax Conventions: Ensure settlement procedures comply with Hong Kong SFC rules, foreign market conventions ($T+1$, $T+2$), and cross-border withholding tax rules.
• System Upgrades & Project Management: Lead settlement system enhancements and process optimization initiatives: define business requirements, draft functional specs, coordinate vendor deliveries, and direct User Acceptance Testing (UAT).

Key Requirements

• Education: Bachelor's degree in Finance, Accounting, Information Technology, or a related discipline.
• Experience: 4–8+ years of post-trade securities and bond settlement experience within an investment bank, institutional brokerage, or custodian bank.
• System Expertise: Hands-on operational fluency with Middle X, Clearstream, and CMU is strongly preferred.
• Product Knowledge: Solid understanding of global equities, bonds/fixed income, structured notes, and OTC products, along with international market settlement lifecycles.
• Technical Skills: Advanced Microsoft Excel proficiency (VBA/macros is an advantage); strong analytical and reconciliation skills.
• Languages: Fluency in English and Cantonese; working proficiency in Mandarin is preferred.