AVP, Brokerage Operations - Reconciliations

Maybank Investment Banking Group; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

Maybank Investment Banking Group is looking for an AVP, Brokerage Operations in Singapore. The role involves managing daily reconciliations and ensuring compliance with regulatory requirements, while driving process automation and digital transformation initiatives.

The ideal candidate should possess a degree in Finance or a related discipline and have 5-8 years of experience in brokerage operations. Strong skills in Excel VBA and Python are essential for improving workflows and eliminating manual processes.

Qualifications

• Minimum 5-8 years of relevant experience in brokerage or securities operations.
• Strong expertise in reconciliations and operational risk management.
• Familiarity with SGX and global market operations is advantageous.

Responsibilities

• Manage daily share and cash reconciliations across various instruments.
• Drive process automation and digital transformation initiatives.
• Ensure compliance with regulatory reporting obligations.

Skills

Excel VBA

Python programming

Analytical skills

Stakeholder management

Education

Degree in Finance/Accounting/Business/Banking

Tools

Microsoft Excel

Job description

Maybank Securities, a leading brokerage and investment bank with a reach extending across ASEAN, the UK and the US, offers a comprehensive suite of services. These include corporate finance & advisory, navigating debt and equity capital markets, derivatives trading, brokerage and research for both retail and institutional investors, and prime brokerage.

We are seeking a proactive and technically skilled Operations professional to join our Brokerage Operations team.

The AVP, Brokerage Operations is responsible for managing daily share and cash reconciliations and regulatory reporting obligations across equities, margin financing, swaps, derivatives, fixed income and mutual funds. The role ensures the integrity of books and records, timely identification and resolution of reconciliation breaks, and compliance with regulatory and internal control requirements. The incumbent will work closely with Trade Support, Settlements, Finance, Custody, and external Custodians, Clearing agents and Prime brokers to support robust post-trade operations.

Beyond day-to-day operations, the successful candidate will play a key role in driving process automation and digital transformation initiatives. Candidates with strong Excel VBA and Python programming skills who are passionate about improving workflows and eliminating manual processes are highly encouraged to apply.

Key Responsibilities

• Perform and oversee daily share, position, and cash reconciliations between internal core backoffice systems and external custodians, Prime brokers, exchanges, and counterparties.
• Investigate, analyse, and resolve reconciliation breaks relating to:
  • Equities, Fixed Income, mutual funds and margin financing positions
  • Contracts for Difference (CFDs), swaps
  • Exchange-traded and OTC derivatives
  • Corporate actions and entitlement positions
• Ensure timely escalation and resolution of aged or material reconciliation exceptions.
• Monitor margin positions, collateral movements, financing balances, and stock borrow/lend activities where applicable.
• Liaise with internal stakeholders and external counterparties to resolve discrepancies and maintain accurate books and records.
• Support daily, monthly and year-end reconciliation and audit requirements.
• Manage and oversee regulatory reporting and disclosure obligations across multiple markets, in accordance with applicable regulations, including European regulatory reporting frameworks.
• Review and enhance reconciliation controls, procedures, and operational workflows to improve efficiency and mitigate operational risks.
• Identify opportunities for automation, process optimisation, and digital transformation initiatives.
• Ensure compliance with regulatory requirements, exchange rules, and internal policies relating to reconciliations and client asset safeguarding.
• Participate in new business initiatives, system implementations, product launches, and regulatory/operational change projects.
• Support the Head of Operations in strategic transformation initiatives, business analysis, reporting, and process improvement projects.
• Provide guidance, training, and mentorship to junior team members.

Qualification Requirement

• Degree in Finance, Accounting, Business, Banking or a related discipline.
• Minimum 5-8 years of relevant experience in brokerage or securities operations experience, with strong expertise in reconciliations.

Sound Knowledge of

• Equities and margin trading operations
• CFDs and swaps
• Exchange-traded and OTC derivatives
• Custody, clearing, and settlement processes
• Strong understanding of cash and position reconciliation methodologies.
• Experience investigating complex reconciliation breaks and managing operational risk.
• Familiarity with SGX and Global market operations, clearing, and settlement processes is advantageous.
• Advanced Microsoft Excel skills, including VBA development.
• Proficiency in Python for automation, data analysis, reporting, or workflow optimization is a plus.
• Strong analytical, problem-solving, and stakeholder management skills.
• Ability to work independently and meet critical market and reporting deadlines.