Director of Trade Settlement Management
3 days ago
We are looking for a highly experienced professional to join our team as Director, Settlement. As a leader in the settlement function, you will play a critical role in ensuring smooth settlement processes, compliance with regulatory requirements, and driving operational excellence.
The ideal candidate will have a strong understanding of global equity settlement processes and HK-listed futures/options clearing procedures. They will also have a minimum of 10 years of hands-on settlement experience, particularly in Hong Kong market futures, options, and fixed income products.
The key responsibilities for this position include:
- Settlement Operations Management: Supervise and manage daily trade booking and settlement operations across various financial products, ensuring timely and accurate processing.
- Trade Processing: Execute trade processing and settlement functions, including preparing settlement instructions through clearing platforms such as Euroclear, CMU, and Fedwire.
- Settlement Monitoring: Monitor settlement status, collaborate with counterparties and business teams to resolve potential settlement failures, and follow up with exchanges or other parties on any issues.
- Regulatory Compliance: Ensure compliance with all relevant rules, regulations, and reporting requirements (e.g., LOP, Hong Kong Trade Repository) as mandated by the firm and regulatory bodies.
- Stakeholder Liaison: Act as the primary point of contact for internal and external stakeholders regarding settlement-related issues and inquiries.
- Process Improvement: Continuously review and enhance departmental processes to improve workflow efficiency, reduce turnaround times, and strengthen risk control measures.
The successful applicant will have a strong understanding of Stock Borrowing & Lending (SBL) processes, equity derivatives, and delta-one products. They will also have proven people management and organizational skills, with the ability to lead and motivate a team.
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