Private Bank Settlement Manager – Trade & Reconciliation

1011 United Overseas Bank Ltd; Singapore; On-site; SGD 65,000 - 105,000; Full time

Benefits offered by this job

Be a Part of the UOB Family

Job summary

1011 United Overseas Bank Ltd in Singapore is seeking a candidate to join the Private Bank Middle Office Security Settlement team, providing middle office trade settlement support for security transactions and related activities.

You will liaise with Back Office and counterparties, validate transactions in PB system, communicate discrepancies, reconcile cash and positions daily, and assist with corporate actions and portfolio transfers.

Qualifications

• Degree/Diploma in Business, Banking/Finance, Accounting, or progress towards degree or equivalent work experience.
• 3–6 years of operations experience in securities settlement covering exchange traded instruments, fixed income, structured notes, unit trusts, derivatives, FX, corporate actions and asset transfer.
• Able to work independently with minimal supervision in a fast-paced environment and meet tight deadlines.
• Effective communication and analytical skills; with demonstrated ability to work effectively with all levels within the organization.
• Familiar with MS Office Suite, especially Excel.

Responsibilities

• Liaise with Back Office and counterparties to ensure accurate and timely settlement of security transactions.
• Validate security transactions in PB system prior to instructing processing units.
• Communicate settlement discrepancies/exceptions to Front Office, Back Office and relevant parties including providing instructions and guidance on proper resolution of issue.
• Reconcile cash and security positions with internal and external counterparties on a daily basis and ensure timely resolution of any discrepancy.
• Coordinate with internal and external parties to process client’s portfolio transfer instructions involving different asset classes.
• Dissemination of corporate action notifications from custodians and ensuring timely receipt of response from Front Office.
• Maintenance of static data of securities in PB system
• Providing assistance and advice on security settlement subject matters.

Skills

Communication

Analytical skills

Education

Business/Banking/Finance degree

Tools

MS Office

Excel

Job description

1011 United Overseas Bank Ltd in Singapore is seeking a candidate to join the Private Bank Middle Office Security Settlement team, providing middle office trade settlement support for security transactions and related activities.

You will liaise with Back Office and counterparties, validate transactions in PB system, communicate discrepancies, reconcile cash and positions daily, and assist with corporate actions and portfolio transfers.