AVP, Equities Settlements Operations – Team Lead

OCBC (Singapore); Santo Niño 1st; On-site; PHP 6,863,000 - 9,804,000; Full time

Job summary

OCBC Bank Singapore is seeking an Assistant Vice President for Equities Settlements to lead end-to-end settlement across Singapore and international markets.

You'll manage risk, drive process improvements, and coordinate with brokers, custodians and exchanges while ensuring SLIs and KPIs are met. The role includes team leadership, capacity planning, and involvement in regulatory initiatives.

Qualifications

• Degree in Banking, Finance, Business, or related field.
• 5–8 years in Equities Settlements or Securities Operations.
• Solid understanding of domestic and international settlement practices.
• Strong knowledge of settlement risk, reconciliation, and controls.
• Strong analytical, problem-solving and stakeholder skills.

Responsibilities

• End-to-end settlement of equity trades across Singapore and international markets.
• Monitor and resolve settlement exceptions, failed trades, and breaks.
• Liaise with brokers, custodians, counterparties, exchanges and internal stakeholders.
• Ensure BAU activities meet SLIs and KPIs.
• Lead the Equities Settlements team; monitor performance and capacity.
• Support projects, regulatory initiatives, and UAT/testing as directed.

Skills

Equities Settlements

Risk Management

Stakeholder Management

Process Improvement

Analytical Thinking

Regulatory Compliance

Education

Degree in Banking/Finance

Tools

SWIFT Messaging

Job description

Job Purpose

The Assistant Vice President, Equities Settlements is responsible for the timely and accurate settlement of equity transactions across Singapore and global markets. The role ensures smooth BAU operations, effective risk and exception management, adherence to regulatory and control requirements, and supports process improvement and transformation initiatives.

Key Responsibilities

• Manage end-to-end settlement of equity trades across Singapore and international markets, ensuring timely and accurate settlement.

• Monitor and resolve settlement exceptions, failed trades, unmatched transactions, and reconciliation breaks within established timelines.

• Liaise with brokers, custodians, counterparties, exchanges, and internal stakeholders to ensure prompt issue resolution.

• Ensure daily BAU activities are completed in accordance with agreed Service Level Indicators (SLIs) and operational KPIs.

• Investigate and investigate settlement risks, operational issues, and control breaches on a timely basis.

• Adhere to documented SOPs, operational controls, regulatory requirements, and compliance standards.

• Support market claims, buy-ins, penalty management, stock transfers, and other post-trade settlement activities where applicable.

• Produce accurate management information, operational metrics, and exception reporting.

• Drive continuous process improvements, automation opportunities, and control enhancements to improve efficiency and reduce operational risk.

• Support system enhancements, user requirement documentation, User Acceptance Testing (UAT), and change initiatives.

• Participate in projects, regulatory initiatives, and ad-hoc assignments as directed by management.

Additional Team Lead Responsibilities

• Lead and supervise the Equities Settlements team to ensure all daily deliverables are completed accurately, timely, and in accordance with established SLAs and market cut-off timelines.

• Monitor team performance, productivity, and service quality, and implement corrective actions where necessary.

• Manage staff capacity, workload allocation, leave planning, and resource utilization to ensure adequate coverage across all markets.

• Act as the escalation point for settlement issues, market incidents, client impacts, and operational exceptions.

Requirements

• Degree in Banking, Finance, Business, or a related discipline.

• 5 - 8 years of relevant experience in Equities Settlements, Securities Operations,

• Good understanding of domestic and international settlement practices, market infrastructure, and SWIFT messaging.

• Strong knowledge of settlement risk, reconciliation, exception management, and operational controls.

• Strong analytical, problem-solving, and stakeholder management skills.

Key Competencies

• Equities Settlement & Post-Trade Operations

• Exception & Risk Management

• Reconciliation & Investigation

• Stakeholder & Counterparty Management

• Regulatory & Control Compliance

• Process Improvement & Automation

• Change Management & UAT Support

• Communication & Problem Solving

Side note:

• This is a 100% Work -in- Office role, currently based at Raffles place and will relocate to Tampines wef Jan 2027

• During the interview, a 5-minute assessment test will be administered. To ensure optimal performance, please attend the interview in a composed and alert frame of mind . Further details regarding the test will be provided during the interview.