Position Description
The Settlement Officer will be responsible for executing, monitoring, and managing settlement operations processes in accordance with regulatory policies and company standards. This includes maintaining a high level of accuracy and efficiency in the settlement of Equity and Derivatives transactions via clearing systems such as PSMS, PTI, and BSB.
The role plays a critical function in ensuring the smooth onboarding of clients, regular client reviews, trade allocation activities, the relevant reporting, the regulatory reporting, and supporting future emerging financial product launches. Good communication skills in English and strong teamwork performance.
Key Areas of Responsibilities
- Trading Settlement Management
- Execute settlement operations for Equity transactions through PSMS and PTI clearing systems.
- Manage Derivatives settlement processes on BSB.
- Ensure timely and accurate transaction matching and reconciliation of client settlement activities.
- Client Onboarding & Periodic Reviews
- Facilitate onboarding for new clients by coordinating necessary documentation and compliance checks.
- Perform periodic reviews of client accounts to ensure adherence to compliance and regulatory standards.
- Trade Allocation Process
- Manage trade allocation processes efficiently to maintain accuracy and fulfill client requirements.
- Regulatory Reporting
- Prepare and submit regulatory reports in accordance with required timelines and policies.
- Stay updated with relevant laws and regulations affecting settlement operations.
- Product and Process Development
- Collaborate in identifying, testing, and implementing settlement processes for new products introduced by the firm.
- Operational Risk Management
- Monitor and address operational risks within the relevant settlement processes.
- Implement controls and procedures to mitigate inconsistencies and ensure compliance.
- Cross-department Collaboration
- Liaise with internal teams such as trading, customer service, and compliance to maintain cohesion in client services.
- Adherence to regulatory requirements, internal policies, and procedures by working closely with Compliance and Risk management team
- Comply with CLSA group policy to avoid any unexpected risks
Requirements
- Bachelor's or Master's degree in business administration, Finance or related field
- Minimum 3-5 years relevant working experience, with at least 3-5 years in Brokerage Securities Operations
- Familiarity with clearing systems such as PSMS, PTI, and BSB is highly preferred.
- Self-motivated and possesses good interpersonal skills
- Good organizational skills with an ability to adhere to strict deadlines
- Possesses good logical thinking
- Solid knowledge and proficiency in Microsoft Applications such as Word and Excel
- Strong command of both written and spoken English
