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Analyst / Associate, Wealth Management Operations - Security Settlements (Equities, Bonds, and Crypto), CBWMO, Group COO
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Onsite
|
Entry Level|
Full Time
Posted: Jul 2
Skills
Swift
Company Location
Singapore, Singapore
Remote Work Policy
Onsite
Job Purpose:
The Private Banking Security Settlements Associate is responsible for ensuring the timely and accurate settlement of Equities and Bonds transactions within the Private Banking division. This role involves meticulous trade validation, exception management, and adherence to standard operating procedures and regulatory requirements.
Key Accountabilities
Ensure full compliance to all policies and regulations including SFA’s T+X+1. Complete adherence to SLAs with Wealth Business and other internal and external customers
Job Duties & responsibilities
Trade Processing & Validation
Process and validate Equity and Bond settlement transactions in Avaloq, ensuring all details align with broker confirmations (e.g., order type, trade date, value date, quantity, asset/ISIN code, trading currency, execution price, gross and net settlement amounts).
Handle trades from both Omgeo and non-Omgeo brokers, including manual validation for non-Omgeo trades and CTM matching for Omgeo trades.
For Bond trades, download and upload Yield to Maturity (YTM) and Yield to Call (YTC) from Bloomberg for buy orders.
Ensure accurate handling of FX rates for trades settled in foreign currencies, inputting and verifying rates in Avaloq as per counterparty confirmations.
Perform daily End-of-Day (EOD) checks to ensure all trades are processed, settlement orders are in "RUN" status, and SWIFT messages are cleared.
Manage cash funding to/from custodians.
Monitor and process Crypto Currency trades in Avaloq, ensuring alignment with Digital Exchange executions.
Exception Handling & Escalation
Identify and resolve discrepancies in trade details, coordinating with the Central Dealing Unit (CDU) and counterparties for amendments.
Manage exceptions related to client commission amendments, failed trades, Italian tax, preference shares, partial settlements, and late trade processing.
Timely follow up with counterparties on any failed trade.
Escalate complex cases or those requiring special handling to the Team Manager, Area Manager and Head of Department for discussion and approval.
Compliance & Risk Management
Adhere to internal policies, procedures, and service level agreements, including cut-off timings for trade validation.
Maintain accurate records and documentation of all trade-related activities and exceptions.
Ensure timely processing of Crypto Currency trades.
Required Experience
Good organisational skills
Excellent verbal communication and listening skills
Excellent problem-solving skills for identifying and resolving trade discrepancies.
Ability to work under pressure and meet tight deadlines.
Strong understanding of Equity and Bond settlement processes.
Proficiency in Avaloq and Omgeo CTM systems.
Familiarity with SWIFT messages (MT540, MT541, MT542, MT543, MT202, MT210, MT599).
Experience with Bloomberg terminal for data retrieval (YTM/YTC for Bonds).
Ability to perform detailed trade validation and reconciliation.
