AVP, Equities Settlements Operations - Team Lead

OVERSEA-CHINESE BANKING CORPORATION LIMITED; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

OVERSEA-CHINESE BANKING CORPORATION LIMITED is seeking an Assistant Vice President for Equities Settlements to lead end-to-end settlement of equity trades across Singapore and international markets. The role emphasizes timely settlement, risk management, and regulatory compliance, with opportunities to drive process improvements and automation.

Based in Singapore, this 100% office-based role requires 5–8 years in equities settlements, strong stakeholder management, and a keen eye for controls.

Qualifications

• Degree in Banking, Finance, Business or 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.

Responsibilities

• Manage end-to-end settlement of equity trades across Singapore and international markets.
• Monitor and resolve settlement exceptions, failed trades, unmatched transactions, and reconciliation breaks.
• Liaise with brokers, custodians, counterparties, exchanges, and internal stakeholders for prompt issue resolution.
• Ensure daily BAU activities align with SLIs and KPIs.
• Investigate and address settlement risks, operational issues, and control breaches promptly.
• Adhere to SOPs, regulatory requirements and compliance standards.
• Support market claims, buy-ins, penalty management, stock transfers, and other post-trade activities.
• Produce accurate management information, metrics, and exception reporting.
• Drive process improvements, automation, and control enhancements to reduce risk.
• Support system enhancements, UAT, and change initiatives.
• Participate in projects and regulatory initiatives as directed.
• Lead and supervise the Equities Settlements team to meet daily deliverables.

Skills

Equities Settlements

Stakeholder Management

Analytical Thinking

Regulatory & Controls

Problem Solving

Securities Operations

Education

Degree in Banking, Finance, Business

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 expand 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.