Settlements Executive

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

Create payment receipts upon receiving of client’s payment slips including cheques.

Check and update for 3rd party relationship for B2B indemnity form received.

Assist on payment receipt issues, follow up with CSE & contact bank.

Upload Bank Bill Payment into Payment Receipts Register.

Prepare FX instructions and do necessary rounding difference adjustment.

Perform daily STS reports for T day and T+1 (Redemption payment, Wrap fee, Platform fee, Switching payment, PRS vesting, Payment to FM).

Perform Adhoc STS if any necessary adjustments for the special arrangement.

Funding/Unwind Funding for Late Redemption proceeds, Wrap Fee Adhoc Transfers, Redemption Fee transfers & any other Adhoc.

Prepare DVP/RVP instruction for Bonds Trades and send to bank.

Bond Trade Confirmation and perform transfer of funds.

Liaise with the Custodian Bank for all Corporate Actions i.e. Coupon Payment/Consent.

Prepare Securities Position and make sure all the instructions are in ‘settled’ position.

Stamping of Redemption proceeds received from Fund Houses.

Adjustment for rounding difference of proceeds received.

Perform Cash Book Entries by the makers for all money movement.

Generate SQL files to perform Subscription Master Recon, Payment Receipts Recon, Outstanding Receipts Recon, DPMS Recon and Direct Bank In Recon.

Redemption Recon, Omnibus vs Payout Recon & Proceeds Stamping Recon.

Perform Daily Cash Account Summary Reconciliations.

Prepare Monthly Reviewed Recon for Subscriptions, Redemption, and Cash Account.

Bonds holdings for iFAST vs SCB Custodian Bank.

Perform Daily Stocks Trading Settlement, Fee Settlement, Corporate Action Settlement, and stocks trading related bank reconciliations.

Generate SQL of client cash holdings for interest and compare TW vs Bank level.

Prepare Insurance rebate and do payout to clients.

Monitor and follow up with CSE for the client unclaimed monies in collection account and issue letter for cheque image request from the bank.

Prepare for SC Reporting.

Handle enquiries from inter-departments and external parties like bank, FH, BURSA and counterparty.

Requirements :

At least Degree level is required.

Responsible and committed with 'Can Do' attitude.

Able to meet the cut off time given with sense of urgency.

Meticulous and detailed person.

Sensitive with the numbering or good result in mathematics subject.

Team player and helpful.

Preferably advance in SQL, Microsoft Excel and Word.

Bumiputera are encouraged to apply.

Qualifications

Skills

Working Experience

All applications will be treated in strict confidence. We regret that only shortlisted applicants will be notified.

Note:Job responsibilities / requirements are representative and are not intended to be a detailed list. Other tasks/abilities may be required of the incumbent, relative to the specific assignment.

Your application will include the following questions:

• What's your expected monthly basic salary?

iFAST Capital Sdn. Bhd. is a part of iFAST Corporation Ltd (“iFAST Corp”), one of Asia’s largest listed wealth management fintech platform headquartered in Singapore, providing a comprehensive range of investment solutions and services to financial advisory firms, financial institutions, banks, multinational companies, as well as retail and high net worth investors Asia powered by our in-house IT system.

Further, iFAST Fintech Solutions business division has been established to capture the business opportunities and provide innovative fintech solutions to our institutional clients.

For more information, please visit to www.ifastcorp.com ; www.ifastcapital.com.my ; or www.fsmone.com.my.

iFAST Capital Sdn. Bhd. is a part of iFAST Corporation Ltd (“iFAST Corp”), one of Asia’s largest listed wealth management fintech platform headquartered in Singapore, providing a comprehensive range of investment solutions and services to financial advisory firms, financial institutions, banks, multinational companies, as well as retail and high net worth investors Asia powered by our in-house IT system.

Further, iFAST Fintech Solutions business division has been established to capture the business opportunities and provide innovative fintech solutions to our institutional clients.

For more information, please visit to www.ifastcorp.com ; www.ifastcapital.com.my ; or www.fsmone.com.my.