Capital Market - Settlements

Tata Consultancy Services; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

Tata Consultancy Services, Asia Pacific, is seeking a Capital Market - Settlements specialist in Malaysia. You will execute settlement processing for FX, Money Markets, and Derivatives trades, ensure timely completion, and support day-to-day settlement operations with a focus on accuracy and timeliness.

You will build relationships with Front Office, Middle Office, Client Services and external counterparties, contribute to KPI reporting and drive process improvements, including automation and

Qualifications

• Experience in FX settlement, money markets, or derivatives settlement
• Ability to perform second-level checks on settlement instructions and documentation
• Strong understanding of settlement lifecycle and regulatory requirements
• Experience with settlement systems and cross-functional collaboration

Responsibilities

• Execute settlement processing for FX, Money Markets and Derivatives trades in line with SLAs
• Support day-to-day management of settlement activities including payments and issue resolution
• Escalate and resolve settlement breaks, payment failures, or reconciliation discrepancies
• Perform validation and checks on settlement instructions for vanilla and complex trades
• Manage settlement queues and ensure adherence to regional cut-off times
• Collaborate with Front Office, Middle Office, Client Services and external counterparties
• Contribute to management reporting such as KPIs, break volumes and risk indicators
• Support process improvements, automation and system enhancements across settlements
• Participate in projects to improve settlement platforms and STP

Skills

FX settlement

Derivatives settlement

Money Markets

SWIFT knowledge

Murex

Attention to detail

Stakeholder management

Analytical skills

Tools

Murex

SWIFT

Nostro systems

Job description

Join Tata Consultancy Services, Asia Pacific and be part of an organization committed to sustainable development for our future. TCS follows the Tata group philosophy of building sustainable businesses that are rooted in the community and demonstrate care for the environment. Our unique values position us to combine a purpose-driven worldview with digital innovation, collaborating with customers, communities and governments to lead and shape innovative solutions for a sustainable future. TCS has been carbon neutral in its operations across 11 countries, 12 delivery centres and 18 offices in Asia Pacific since 2022. This is only the initial stage in TCS’ journey as we strive to achieve long-term net zero emissions by 2030.

Corporate sustainability is embedded in our triple-bottom-line, focusing on people, the planet, and our purpose. Our offices are designed with eco-friendly features that significantly reduce our carbon footprint and enhance energy efficiency. We actively champion green initiatives, such as promoting paperless operations, implementing energy-efficient practices, and fostering employee engagement in sustainability efforts. When you become part of the TCS family, you will play an essential role dedicated to innovation, excellence, and crafting a brighter, greener future together. Join us and be a part of our mission to drive sustainability through technology and talent at Tata Consultancy Services, APAC today.

Role: Capital Market - Settlements.

Location: Malaysia.

Responsibilities:

• Execute settlement processing for FX, Money Markets, and Derivatives trades, ensuring timely and accurate completion in line with SLAs.
• Support day-to-day operational management of settlement activities, including payment processing, exception handling, and issue resolution.
• Ensure timely escalation and resolution of settlement breaks, payment failures, or reconciliation discrepancies.
• Perform validation and second-level checks on payment instructions and settlement documentation for both vanilla and complex transactions.
• Manage and prioritise settlement queues, ensuring optimal turnaround and adherence to cut-off timelines across regions.
• Assist in workload allocation across the team to optimise capacity utilisation and ensure operational efficiency.
• Build effective working relationships with Front Office, Middle Office, Client Services, and external counterparties to support seamless settlement execution.
• Contribute to management reporting, including settlement KPIs, break volumes, ageing, and risk indicators.
• Support implementation of process improvements, automation initiatives, and system enhancements across settlement processes.
• Participate in project initiatives to enhance settlement platforms, data integrity, and straight-through processing (STP).
• Processes
• Execute settlement activities including payment processing, funding, and confirmations of settlement completion in line with defined procedures.
• Ensure adherence to Department Operating Instructions (DOI) and maintain updates for process and regulatory changes.
• Maintain structured tracking of settlement status, including break identification, follow-up, and resolution.
• Ensure accurate documentation, audit trail, and record keeping across all settlement activities.
• Adhere to maker-checker controls and verification standards to minimise operational errors and duplicate payments.
• Monitor settlement KPIs and contribute to corrective actions to address process inefficiencies or control gaps.
• Support continuous improvement initiatives to reduce manual intervention and enhance STP.
• Good understanding of FX, Money Markets, and Derivatives settlement lifecycle, including payment flows and reconciliations.
• Hands-on experience with settlement systems and platforms (e.g., Murex, SWIFT, Nostro systems).
• Ability to operate in high-volume, time-critical environments with strong prioritisation discipline aligned to market cut-offs.
• Strong analytical capability to investigate settlement breaks, reconciliation issues, and payment discrepancies.
• Effective communication and stakeholder management skills across global teams.
• High attention to detail and strong control mindset to minimise operational risk.
• Technologically adept, with ability to leverage digital tools, automation, and emerging AI capabilities to enhance efficiency and control.
• Ability to support automation, digitisation, and process efficiency initiatives.

People & Talent:

• Develop product, process, and system expertise across FX and Derivatives settlement activities.
• Support cross-training initiatives to enhance team flexibility and operational resilience.
• Contribute to maintaining and updating the team capability matrix.
• Support knowledge sharing, coaching, and continuous improvement within the team.
• Contribute to a collaborative, high-performance, and risk-aware team environment.
• Ensure adherence to control frameworks to minimise settlement risk, including payment errors, duplicate processing, and failed settlements.
• Identify and escalated operational risks, including funding issues, counterparty failures, and reconciliation breaks.
• Maintain strong awareness of regulatory requirements (e.g., settlement reporting obligations and control standards).
• Support audit activities through accurate documentation, evidence provision, and issue remediation tracking.
• Reinforce control discipline, including validation of settlement instructions and adherence to approval thresholds.

Governance:

• Adhere to internal policies, procedures, and settlement control frameworks.
• Maintain audit readiness through accurate documentation, evidencing, and adherence to defined controls.
• Support governance reporting through provision of settlement metrics, risk indicators, and exception tracking.
• Support timely closure of audit findings and control gaps.

Regulatory & Business Conduct:

• Ensure compliance with applicable regulatory requirements across settlement processing.
• Ensure adherence to timelines and accuracy standards for settlement-related activities and reporting.
• Demonstrate conduct aligned to the Group’s Values and Code of Conduct.
• Escalate any regulatory, conduct, or compliance concerns in a timely manner.

Key Stakeholders:

• Front Office
• Middle Office
• Clients / Counterparties
• Client Services
• Operations Support / Nostro & Reconciliation Teams
• Immediate Line Manager