Capital Market - Settlements

Pride Global; Kuala Lumpur; On-site; MYR 60,000 - 120,000; Full time

Job summary

Pride Global is looking for a Settlement Operations professional in Malaysia to execute and support settlement processing across FX, Money Markets, and Derivatives, ensuring timely, accurate settlements in global markets. The role emphasises strict adherence to timelines, SLAs, control discipline, data integrity, and regulatory compliance.

You will support day-to-day settlement management, including payments, exception handling, reconciliation, and improvements to automate processes, while

Responsibilities

• Execute settlement processing for FX, Money Markets, and Derivatives trades, ensuring timely and accurate completion in line with SLAs.

Job description

Salary : 20% increment from current salary (Open Budget)

Employment type : Full time employment

Open for : Local/PR

Job Summary

Responsible for executing and supporting settlement processing across FX, Money Markets, and Derivatives products, ensuring timely, accurate, and controlled settlement of trades across global markets.

The role ensures adherence to settlement timelines, service level agreements, and regulatory requirements, with a strong focus on control discipline, data integrity, and risk mitigation. Supports day-to-day operational management of settlement activities, including payment processing, exception handling, and reconciliation support.

Contributes to maintaining a robust control environment, minimising operational risk, and ensuring compliance with internal policies and regulatory obligations, while supporting process improvements, automation initiatives, and team development aligned to the Bank’s governance and conduct standards.

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 elevate 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