SO/Manager

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

Company: 1011 United Overseas Bank Ltd About UOB United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

Job Description

The successful candidate will be part of the Private Bank Middle Office Security Settlement team providing middle office trade settlement support for security transactions and all other settlement related activities. These activities include:

• Liaison with Back Office and counter parties 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 counter parties on a daily basis and ensure timely resolution of any discrepancy.
• Coordinating 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.

Requirements

Degree/Diploma in Business, Banking/Finance, Accounting, or progress towards degree or equivalent work experience.

• Minimum 3-6 years of operations experience in securities settlement with product and settlement experience covering exchange traded instruments, fixed income, structured notes, unit trust, derivatives, FX, corporate action 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.

Additional Requirements

Be a Part of the UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications.

If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

About UOB

UOB is rated as one of the world's top banks, ranked 'Aa1' by Moody's Investors Service and 'AA-' by both S&P Global and Fitch Ratings. With a global network of 500 branches and offices across 19 countries in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, as well as branches and offices throughout the region.