Bond Processing Associate
4 weeks ago
Job Title: Associate, Securities Back Office
Business Type: Financial Services
Job Summary: We are seeking a highly skilled and experienced professional to join our Securities Back Office team as an Associate. The successful candidate will be responsible for facilitating and smoothing out the booking, processing, confirmation, and settlement of bonds related products.
Key Responsibilities:
- Manage the full processing cycle of bond trades and payments, including communication, booking, confirmation, reconciliation, and settlement.
- Ensure daily transactions are processed timely and settled smoothly and efficiently.
- Process the custody service by checking and maintaining the cash movement of the custodian account and assist in investigating any discrepancies.
- Recommend enhancements to ensure the effectiveness of transaction processing and settlement.
- Stay up-to-date with special events and special trades.
- Ensure deal booking, payments, and confirmations comply with local regulations and internal policies.
- Perform 2nd-level checking/validation.
- Communicate with clients or counterparts regarding confirmations, matching, and settlement issues.
- Monitor and follow-up on breaks and discrepancies in system platforms.
- Conduct studies, investigations, or other ad-hoc assignments as directed by the team head.
- Proactively address discrepancy or disagreement issues and actively participate in driving towards the best possible resolution.
- Provide management with information on unusual booking and settlement matters.
- Handle new products and establish procedures.
- Engage in direct customer contact to ensure quality and timely services in transactions processing and inquiries.
- Handle daily reporting for internal control.
- Assist the Head of Back Office/Line Manager in carrying out common projects/global initiatives.
- Assist in system enhancement and be responsible for UAT testing.
- Provide support on HK holidays when other financial markets are open where we have business activities.
- Control Point of contact for Trading and Sales team for complex queries/amendments.
- Monitor the end of day checks in all related systems.
- Inform management of any new requests and process changes.
- Escalate without delay any unusual activity identified.
- Procedures are updated with current processes.
Personal Data: Personal data provided by job applicants will be used strictly in accordance with the employer's personal data policies, a copy of which will be provided immediately upon request.
Position Location: Asia, Hong Kong
City: HONG KONG
Candidate Criteria:
Minimal Education Level: Bachelor Degree/BSc Degree or equivalent
Academic Qualification/Speciality:
- Degree preferably in a Finance or Economics
Level of Minimal Experience: 6-10 years
Experience:
- At least 4-6 years' relevant experience in bonds processing
- Solid experience/knowledge on China Bond market, CCDC/SHCH/Bond Connect/CMBM
Required Skills:
- Good understanding and knowledge of the processing mechanism of Bonds and Repo and ICSD/CSD like ClearStream, CMU, and EuroClear
- Good understanding in financial products and the operational risks involved in Bond products
- Good hands-on knowledge in SWIFT, CMU, Clearstream/Euroclear, and related operations
- In-depth knowledge of financial products settlement life cycle and the markets where they are traded
- A very good knowledge of Bond Connect & CIBM processes will be beneficial
- Good analytical, organizational, and interpersonal skills
- Able to work independently with minimal supervision
- Good judgment, alertness, and common sense
- Good analytical, organizational, and interpersonal skills
- Hard-working, comfortable with multi-tasking, and able to work under pressure
- Proficiency in Microsoft Excel, Word, and other PC applications
- Good critical thinking and problem-solving
- Responsible, self-initiative, attentive to details, and hard-working
- Motivated
- Dynamic/Proactive
- Good communicator
- High adaptability
- Innovative
- Team Oriented
Languages: Fluency in English – Mandarin and French are a plus
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