Settlements Associate
1 day ago
Job Description:
- Act as the main contact for both internal and external parties regarding derivatives operations.
- Ensure compliance with regulatory requirements, internal controls, and company policies related to derivatives.
- Collaborate with IT and other departments to enhance systems and automate processes.
- Handle the settlement of derivatives transactions, including daily trade and position reconciliation.
- Address and resolve operational issues and inquiries efficiently and professionally.
- Work closely with traders, brokers, and counterparties to guarantee accurate and timely trade execution and confirmation.
- Identify and implement process improvements to boost efficiency in derivatives operations.
- Support risk management by identifying operational risks and applying best practices.
- Maintain and prepare detailed records and reports on derivatives trading and operations.
- Generate and review reports for internal stakeholders and regulatory bodies as needed.
- Resolve discrepancies and issues related to trade settlements and position management promptly.
Qualifications:
- Bachelor's degree in Finance, Economics, Business Administration, or a related field.
- At least 3 years of experience in settlement within the securities brokerage or banking industry.
- Proficient in Clearstream and Euroclear systems.
- Knowledgeable in securities, fixed income, listed and OTC derivatives, and structured products settlement.
- Ability to perform various ad-hoc projects and assignments as required.
- Skilled in using MS Suite, particularly Excel.
- Fluent in spoken and written English and Chinese (Cantonese & Mandarin).
- Willingness to work on public holidays if necessary.
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