Equities Settlements Operations - Team Lead

OCBC (Singapore); Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

OCBC Bank Singapore invites an experienced AVP to manage equity settlements across Singapore and global markets. You will ensure timely, accurate settlement, monitor exceptions, and drive improvements in risk and controls. Lead post-trade operations and collaborate with brokers and exchanges.

The role requires 5–8 years in equities settlements, strong reconciliation and SWIFT knowledge, and the ability to manage and develop a high-performing team in a 100% on-site setting.

Qualifications

• Degree in Banking, Finance, or related discipline.
• 5–8 years in Equities Settlements or Securities Operations.
• Strong knowledge of settlement risk, reconciliation, and controls.
• Experience with SWIFT messaging and market infrastructure.

Responsibilities

• Manage end-to-end settlement of equity trades across Singapore and international markets.
• Monitor and resolve settlement exceptions, failed trades, and reconciliation breaks.
• Liaise with brokers, custodians, counterparties, exchanges, and internal stakeholders.
• Ensure BAU activities meet SLIs and KPIs, and escalate risks timely.
• Support market claims, buy-ins, penalties, and post-trade activities.
• Produce accurate management information and exception reporting.
• Drive process improvements, automation and control enhancements.
• Support system enhancements, UAT, and change initiatives.
• Lead the Equities Settlements team with SLA compliance and coverage.

Skills

Equities Settlements

Securities Operations

SWIFT messaging

Settlement risk

Reconciliation

Stakeholder management

Process improvement

UAT support

Leadership

Education

Degree in Banking/Finance

Job description

WHO WE ARE:

As Singapore's longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.

Today, we're on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia's leading financial services partner for a sustainable future.

We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.

Your Opportunity Starts Here.

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 elevate 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.
  

What we offer:

Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.