Associate/AVP, Custody Management Services

GIC Private Limited; Singapore; Hybrid; SGD 60,000 - 80,000; Full time

Job summary

A leading investment management company in Singapore is seeking an Associate/AVP for Custody Management Services. This role involves managing investments through robust post-trade controls and collaborating with internal partners for effective resolution of exceptions. Ideal candidates should have a degree in finance and at least 2 years of experience in the financial services sector, demonstrating strong analytical skills and a drive for process improvement. Flexible working arrangements are available.

Benefits

Flexible working arrangements

Vibrant office environment

Qualifications

• Proven knowledge of equity, fixed income, forex, and derivative products.
• At least 2 years of experience in a financial institution, custody services preferred.
• Drive to deliver excellent work and innovate for process improvement.

Responsibilities

• Safeguard investments with robust post-trade controls.
• Manage failed trades for prompt resolution.
• Maintain dashboards for managing exceptions.

Skills

Attention to detail

Analytical abilities

Excellent communication

Team player

Self-motivated

Education

Degree in Accountancy, Business or Finance

Job description

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Associate/AVP, Custody Management Services

Location:

Singapore, SG

Job Function: Investment Services Public Markets

Job Type: Permanent

Investment Services Public Markets, or ISPM, is an integrated team that provides investment service support for public market investment activities strategically and tactically. The team is responsible for business management functions for all public market investment strategy groups, as well as GIC’s global trade operations, custody control and asset servicing such as income entitlements, mergers and acquisitions and other corporate events of our underlying investments, futures and derivative operations, collateral management, pricing and rates, market data and rebalancing operations. The coverage extends across a spectrum of products such as equities, bonds, money market, foreign exchange, futures, collateralized securities and other derivatives.

We are looking for a suitable candidate to join our Custody Management Services team as an Associate / AVP.

What will you do in Custody Management Services?

• Safeguard GIC’s investments in public markets with the execution of robust controls through the following post-trade functions. The coverage is global and includes public markets assets such as Equities, Bonds, Money Market, Foreign Exchange and Derivative products.
  • Maintain the integrity of clients’ positions with automated checks against custodian banks’ positions. Ensure timely exception management with liaison with external parties and internal partners for prompt resolution.
  • Manage failed trades for prompt resolution along with market practices and internal guidelines. Ensure timely recovery to protect clients’ interest.
  • Ensure authenticity of all outgoing payments through payments surveillance check powered by data science and technology.
  • Maintain dashboards to manage exceptions and provide information for management.
  • Deliver capabilities through systems and digitization with strong collaboration with technology partners.
• Be part of the centralized team to process non-capital payments and receipts promptly to optimize cash management.
• Maximize recovery for class actions, working with internal and external partners.
• Drive process improvements for productivity and quality enhancements; design solutions that enhances processes; deliver strategic changes for better client experience and support business growth.
• Proactive in keeping abreast with industry best practices and market developments for adoption.

What qualifications or skills should you possess in this role?

• You should have a good Degree in Accountancy, Business or Finance with proven knowledge of Equity, Fixed Income, Forex and Derivative products.
• At least 2 years of experience working in a financial institution; experience in custody services is an advantage.
• You possess a drive to deliver excellent work, an eye for details, and interest to innovate to bring about process improvement.
• You should also possess strong analytical abilities and have excellent communication and collaborative skills.
• A good team player, who is self-motivated and thrives in a fast pace and dynamic environment.
• A keen learner with the aptitude to learn fast and engage in continuous learning.
• Knowledge of leveraging AI toolkits is advantageous.

Work at the Point of Impact

We need to be forward-looking to attract the right people to help us become the Leading Global Long-term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit and Excellence, which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.

Flexibility at GIC

At GIC, our offices are vibrant hubs for ideation, professional growth, and interpersonal connection. At the same time, we believe that flexibility allows us to do our best work and be our best selves. Thus, our teams come into the office four days per week to harness the benefits of in-person collaboration, but have the flexibility to choose which days they work from home and adjust this arrangement as situational needs arise.

GIC is an equal opportunity employer

GIC is an equal opportunity employer, and we value diversity. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

Please email [e-mail] at any point of the application or interview process if adjustments need to be made due to a disability.

Learn more about our Investment Services Public Markets Department here: https://gic.careers/group/investment-services-public-markets/