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

NexusSearch International Limited; Hong Kong; On-site; HKD 900,000 - 1,600,000; Full time

Job summary

NexusSearch International Limited in Hong Kong seeks a Settlement Manager / Senior Manager to oversee post-trade settlement across global markets, fixed income, mutual funds, and structured products, ensuring timely, accurate settlements and regulatory compliance.

This role partners with front-office, custody and depositories, leads system upgrades, and drives process improvements, with 4–8+ years' experience in a bank or custodian, and fluency in English and Cantonese.

Qualifications

• Bachelor's degree in Finance, Accounting, IT or related field.
• 4–8+ years of post-trade securities and bond settlement experience in an investment bank, institutional brokerage, or custodian bank.
• Hands-on experience with Middle X, Clearstream and CMU preferred.
• Strong Excel skills; VBA/macros an advantage; analytical and reconciliation abilities.
• Fluent in English and Cantonese; Mandarin working proficiency preferred.

Responsibilities

• Overseas & Multi-Asset Settlement Execution for global markets.
• Depository & Clearing Operations via Clearstream, Euroclear, CMU and Middle X.
• Custody & Asset Servicing including SI, cross-border transfers, and corporate actions.
• Fails & Exception Handling with custodians and counterparties.
• Front-Office Support to institutional sales and trading desks.
• Regulatory Compliance with Hong Kong SFC rules; T+1/T+2 and withholding tax rules.
• System Upgrades & Project Management: define requirements, specs, vendor coordination, and UAT.

Skills

Excel (VBA)

Analytical skills

Reconciliation

English

Cantonese

Mandarin (preferred)

Education

Bachelor's degree in Finance/Accounting/IT

Tools

Middle X

Clearstream

CMU

Job description

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.