Settlement & Reconciliation Specialist

iFAST Capital Sdn Bhd; Kuala Lumpur; On-site; MYR 67,000 - 100,000; Full time

Job summary

iFAST Capital Sdn Bhd in Kuala Lumpur seeks a detail-oriented Payments Operations Analyst to manage payment receipts, bank interactions and reconciliations. You will prepare FX instructions, run daily STS reports, handle bond and stock settlements, and generate SQL-based recon files for subscriptions and receipts.

The role requires strong numerical skills, excellent Excel/Word proficiency, and the ability to meet tight deadlines.

Qualifications

• Degree level is required and relevant experience in payments or reconciliation is preferred.
• Meticulous with numbers and capable of meeting tight cut-off times.
• Able to work well in a team and respond to ad-hoc tasks with urgency.

Responsibilities

• Create payment receipts upon receiving client payment slips including cheques.
• Check and update third-party relationships for B2B indemnity forms.
• Assist on payment receipt issues and follow up with CSE & contact bank.
• Upload Bank Bill Payment into Payment Receipts Register.
• Prepare FX instructions and adjust rounding differences.
• Perform daily STS reports for T day and T+1 including various payments.
• Adhoc STS adjustments for special arrangements.
• Funding/unwind funding for late redemption proceeds and related transfers.
• Prepare DVP/RVP instructions for bond trades and communicate with banks.
• Bond trade confirmations and transfer funds.
• Liaise with Custodian Bank for Corporate Actions (coupon/payment).
• Prepare Securities Position and ensure settled instructions.
• Stamp redemption proceeds and adjust rounding differences.
• Cash Book Entries by makers for all money movement.
• Generate SQL files for recon runs (Subscription, Receipts, DPMS, Direct Bank In).
• Daily reconciliations of cash accounts and monthly subscriptions/redemptions.
• Maintain bonds holdings comparison with custodian bank.
• Daily stock settlements and related reconciliations.
• Generate client cash holdings SQL for interest, compare TW vs bank.
• Prepare insurance rebates and payouts to clients.
• Monitor unclaimed monies with CSE and handle cheque image requests.
• Handle enquiries from banks, brokers, BURSA and counterparties.

Skills

Attention to detail

Time management

Team player

Numerical ability

Communication

Education

Degree level

Tools

SQL

Microsoft Excel

Microsoft Word

Job description

iFAST Capital Sdn Bhd in Kuala Lumpur seeks a detail-oriented Payments Operations Analyst to manage payment receipts, bank interactions and reconciliations. You will prepare FX instructions, run daily STS reports, handle bond and stock settlements, and generate SQL-based recon files for subscriptions and receipts.

The role requires strong numerical skills, excellent Excel/Word proficiency, and the ability to meet tight deadlines.