Clearing and Settlement Operat

Job Description:

Job Description

Summary:
• Ability to recognize potential issues and take the appropriate action, including escalation to management when necessary
• Preparing, verifying and sending swift instructions to Depositories and Agent.
• Resolving problems arisen from unmatched items and implement long term solutions for frequently occurred issues
• Preparing pending trades report and communicate with custodian agent to identify settlement issues over telephone or via provided systems
• Monitor completion and accuracy of work that is carried out by Analyst.
• Assisting in reconciling cash accounts against agent bank statements and resolving any discrepancies
• Identifying cash or any other discrepancies to our books & records and following up till resolved.
• Escalate all issues properly, in time, to the appropriate level, to avoid any adverse impact on the business
• Ability to analyze process for re-engineering opportunities
• Supporting client services team to resolve problem for client in term of settlement issue.
• Assist in creating proper backups through adequate cross training, within the department.

Key Skills required:
• Knowledge of Security Settlement process in APAC region
• Knowledge of SWIFT
• Microsoft Windows and Associated Applications
• Excellent written and verbal communication.
• Team Work and Collaboration
• Customer Focus
• Business Delivery.

Summary of essential job functions:
• Will be performing and supervising below processes
• Ensure timely Settlements of instructions.
• Client Reporting.
• Reconciliations of securities and cash.
• Need to be a team player.
• Identify exception and escalate it to the team manager
• Attend necessary training for self development
• To keep Team Manager informed of the exceptional occurrences, to enable appropriate action.
• Assist VP /AVP in carrying out any special tasks or projects that may be required from time to time.
• Assisting the team in decision making and be the backup for the Team Manager.
• Creation and maintenance of various client and Management MIS
• Be the first line of contact and resolve all issues raised by the internal onsite clients and Subject matter experts
• Assist Team manager in Drafting/Reviewing Kops
• Should voluntarily process workload of other members to ensure load balancing in the team.
• Conduct UAT of application and document the observations.
• Be innovative and come up ideas to automate the processes. Should have an approach to continuously improve the process to build in efficiency in the process
• Should assist Team in resolving