Assistant VP (Settlements Management) - Sumitomo Mitsui Trust Bank, Limited

Sumitomo Mitsui Trust Bank; Singapore; On-site; SGD 90,000 - 140,000; Full time

Job summary

Sumitomo Mitsui Trust Bank is seeking a Treasury Operations professional to support day-to-day processing, reconciliation, settlement and control of treasury activities in Singapore. The role requires handling FX, money market, deposits and securities with accuracy within tight timelines.

You will perform maker-checker duties, maintain proper controls, and coordinate with banks and custodians. A 5–6 year background in Treasury Operations, strong analytical skills and independence are essential.

Qualifications

• Degree/Diploma in Finance, Banking, Accounting or related discipline.
• 5–6 years of relevant experience in Treasury Operations or a similar environment.
• Experience with treasury products such as FX, money market, deposits or securities is advantageous.
• Candidates with experience in settlement, reconciliation and operational controls are preferred.
• Meticulous and detail-oriented with a strong focus on accuracy.
• Diligent and responsible when handling time-sensitive and high-value transactions.
• Strong analytical and problem-solving skills.
• Adaptable and quick to learn new products, systems and processes.
• Good team player with a strong sense of ownership and the ability to work independently.

Responsibilities

• Process and execute treasury transactions including FX, money market, deposits, securities and other treasury products.
• Ensure transactions are accurately confirmed and settled within required timelines.
• Perform daily reconciliation of treasury transactions and cash positions.
• Investigate discrepancies and follow up with relevant stakeholders.
• Coordinate payment and settlement activities with banks, custodians and other counterparties.
• Maintain nostro accounts and escalate unresolved items promptly.
• Support audit, regulatory and internal control requirements.
• Liaise with external banks, counterparties and service providers as required.

Skills

Treasury Operations

Reconciliation

Settlement

Cash Management

Analytical Skills

Problem-Solving

Team Player

Independent Worker

Education

Degree/Diploma in Finance, Banking, Accounting, Business

Tools

Treasury systems

Job description

To support and manage the day-to-day Treasury Operations activities, ensuring timely and accurate processing, settlement, reconciliation and control of treasury transactions.

Responsibilities

1. Treasury Transaction Processing

• Process and execute treasury transactions including FX, money market, deposits, securities and other treasury products.
• Ensure transactions are accurately confirmed and settled within the required timelines.

2. Reconciliation & Control

• Perform daily reconciliation of treasury transactions and cash positions .
• Investigate discrepancies and follow up with relevant stakeholders.
• Ensure adherence to established operational procedures and internal controls.
• Perform maker-checker activities and maintain appropriate segregation of duties.

3. Settlement & Cash Management

• Monitor settlement obligations and ensure sufficient funding for daily operations.
• Coordinate payment and settlement activities with banks, custodians and other counter parties.
• Maintain nostro accounts and escalated unusual or unresolved items promptly.

4. Operational Risk Management

• Support audit, regulatory and internal control requirements.
• Ensure proper documentation and maintenance of operational records.
• Support the implementation of new treasury products, systems and processes.
• Liaise with external banks, counterparties and service providers where required.
• Provide timely updates on outstanding issues and operational matters.

Requirements

• Degree/Diploma in Finance, Banking, Accounting, Business or related discipline.
• 5-6 years of relevant experience in Treasury Operations, Banking Operations, Financial Markets Operations or a similar environment
• Experience handling treasury products such as FX, money market, deposits or securities will be an advantage.
• Candidates with experience in settlement, reconciliation and operational controls are preferred.
• Meticulous and detail-oriented, with a strong focus on accuracy.
• Diligent and responsible, particularly when handling time-sensitive and high-value transactions.
• Strong analytical and problem-solving skills.
• Adaptable and willing to learn new products, systems and processes.
• Good team player with a strong sense of ownership.
• Able to work independently