Settlements Officer (Stockbroking Industry)

Third Party Platform Sdn Bhd; Kuala Lumpur; On-site; MYR 150,000 - 200,000; Full time

Job summary

A financial services firm in Kuala Lumpur is seeking an experienced Settlements Officer in the stockbroking industry. The role involves thorough daily settlement reconciliations, data matching, and ensuring compliance with ASX Business Rules. Candidates should have a strong knowledge of accounting principles, excellent Excel skills, and the ability to work efficiently within a team. A degree in Business or a related field is preferred. This position follows staggered shifts aligned with Sydney time, emphasizing in-office collaboration.

Benefits

Compensation for working on public holidays

Engaging work environment

Qualifications

• Experience in banking/financial services, particularly stockbroking operations.
• Ability to prioritize and manage workload effectively.
• Strong reconciliation skills.

Responsibilities

• Conduct thorough daily settlement reconciliations.
• Investigate and resolve reconciliation discrepancies.
• Maintain accurate client portfolio records.
• Assist in processing funds withdrawals and collections.
• Ensure compliance with relevant regulations.

Skills

Knowledge of basic accounting principles

Strong Excel skills

Teamwork and communication

Problem solving

Time management

Attention to detail

Ability to work unsupervised

Excellent communication skills in English

Education

Degree in Business, Commerce or related field

Tools

Microsoft Office Suite

Job description

Settlements Officer (Stockbroking Industry)

Third Party Platform Sdn Bhd – Kuala Lumpur, Kuala Lumpur

Conduct thorough daily settlement reconciliations to ensure the accuracy of financial data. Main areas include stock and funds reconciliation.

swiftly investigate and resolve reconciliation discrepancies. Must be analytical to spot cashflow trends and proactively prevent discrepancies.

Match and compare data to identify any discrepancies.

Keep comprehensive records of reconciliation processes and outcomes.

Propose for improvement of processes related to settlement reconciliation.

Communicate findings effectively to management, ensuring transparency on reconciliation status.

Leverage advanced Excel functions to streamline reconciliation workflows.

Settlements

Responsible for settlements functions including compliance with ASX and CHESS Business Rules. This includes ensuring that daily settlement obligations are met, compliance with time limits set down in the Business Rules for items such as conversions, transfers, stocks in Settlement and Accumulation HIN etc.

Ensuring clients trades are transacted correctly and on time and that all stocks are registered on time

Ensuring that all corporate actions are processed correctly and on a timely basis. Also ensuring that clients are protected for corporate actions

Maintenance of accurate client portfolio records and ensuring that they are reconciled to CHESS holding records

Liaising with other Brokers and their settlements departments

Liaising with CHESS

Finance

Assist with processing of funds withdrawals via funds transfer where Process payment batches of share sales proceeds to clients

Process collection batches of funds from clients to settle trades

Ensuring Compliance with ASX Business Rules, CHESS and Corporations Act

Required knowledge and skills:

Accounting – knowledge of basic accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

Computer skills – knowledge and experience in Microsoft Office suite of programs, in particular a strong working knowledge of Excel.

Working in a team environment – ability to interact, communicate and work cohesively with team members, supervisors and other members of the organization.

Problem solving – ability to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, and to arrive at conclusions or approaches to problems.

Time management and work under pressure – to prioritize and manage one’s own time in accordance with workload and urgency of enquiries.

Reconciliation – strong skills in ensuring the proper checks and balances are in place.

Attention to detail – ensuring a high level of accuracy and correctness in all work output and correspondences.

Working unsupervised – ability to work well without constant direct supervision, exercising judgment when assistance is required.

Must have excellent communication skills in English.

Must have an eye for details.

Qualifications and Experience:

Previous working experience in a similar environment and capacity. Banking/Financial services industry with strong preference for stockbroking operations experience.

Preferably a degree in Business, Commerce or a related field.

Working hours:

Staggered shifts following Sydney time (Mon-Fri),

Earliest shift: 5am - 2pm MYT,

Latest shift: 9am - 6pm MYT

The ability to work during Malaysia public holidays, you will be compensated with additional off-day for working on Malaysia Public Holidays.

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