Executive Settlement Leader

4 days ago


Hong Kong Island, Hong Kong SAR China Bowen Partners Full time

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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