Settlement Manager

The Bank of East Asia, Limited (BEA); Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading bank in Singapore seeks an experienced professional to manage securities transfers and corporate actions. The role demands a solid understanding of securities operations and regulatory compliance, ensuring timely processing and reporting. Ideal candidates have at least 5 years of relevant experience, with strong communication skills in both English and Chinese.

Qualifications

• Minimum 5 years in corporate actions and securities transfers in private banking.
• Expertise in operational processes and corporate actions across various markets.
• Good command of English and Chinese.

Responsibilities

• Process securities transfers and monitor corporate actions in a timely manner.
• Ensure accuracy in payments, receipts, and accounting entries.
• Conduct reporting and reconciliations for daily, weekly, and monthly tasks.

Skills

Communication Skills

Risk Awareness

Securities Knowledge

Understanding of Regulatory Policies

Education

Recognised University Degree

Job description

Responsibilities

• Process securities transfers and ensure completeness of all transactions for the day
• Process and monitor Corporate Actions in a timely manner, ensure all subscriptions and payments are reflected accurately in client's record
• Ensure all payments and receipts are in good order
• Ensure all accounting entries are properly and timely posted
• Ensure Daily/ Weekly/ Monthly reporting and reconciliations are timely and accurate
• Perform static data creation and maintenance in the securities system
• Prepare documents for conversion of shares - scrip to scripless and between Exchanges
• Download securities prices for customer positions
• Disseminate daily corporate announcements to internal departments
• Extract trading information from data sources for reporting
• Involvement in BCP, Systems and Industry Testing when required
• Ensure all exceptions are promptly escalated to the Head of Department or Management's attention
• Ensure all processing documents are retained in order at end of day
• Review and update of Operations Manual and End-to-End Process Procedure Manual
• Provide audit support during document preparation and offer inputs to audit action plans

Product coverage:

• Equities, Bonds, Unit Trusts
• Structured Notes
• FX

Requirements

• A recognised university degree and with preferably no less than 5 years of experience in corporate actions and securities transfers in private banking operations
• Sound knowledge in securities and derivatives products as well as its operation processes, in particular expertise in corporate actions across various markets
• Good knowledge and understanding of Bank’s and Regulatory policies, procedures, practices and rules
• Good communication skills and risk awareness
• Good command of both spoken and written English and Chinese