Executive Settlement Leader
4 days ago
Overview
Bowen Partners is a leading executive search and talent development firm in Hong Kong, specialising in Banking & Financial Services across Asia Pacific. We are seeking an experienced Director, Settlement to join our client's team, responsible for overseeing daily trade booking and settlement operations.
About the Role
- Spearhead settlement operations management, supervising daily trade booking and settlement activities across various financial products.
- Drive change in shaping the future of settlement processes and systems, ensuring smooth execution and compliance with regulatory requirements.
- Cultivate a culture of excellence, valuing high collaboration and operational efficiency.
Responsibilities
The successful candidate will be responsible for:
- Managing daily trade booking and settlement operations, ensuring timely and accurate processing.
- Executing trade processing and settlement functions, preparing settlement instructions through clearing platforms.
- Monitoring settlement status, collaborating with counterparties and business teams to resolve potential settlement failures.
- Ensuring compliance with all relevant rules, regulations, and reporting requirements.
- Liaising with internal and external stakeholders regarding settlement-related issues and inquiries.
- Reviewing and enhancing departmental processes to improve workflow efficiency and reduce turnaround times.
Requirements
- Minimum 10 years of hands-on settlement experience, particularly in Hong Kong market futures, options, and fixed income products.
- Strong understanding of Stock Borrowing & Lending (SBL) processes, equity derivatives, and delta-one products.
- In-depth knowledge of global equity settlement processes and HK-listed futures/options clearing procedures.
- Proficiency in settlement systems such as CCASS, DCASS, and Euroclear.
- Proven people management and organizational skills, with the ability to lead and motivate a team.
- Excellent communication and interpersonal skills, with the ability to build relationships at all levels.
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