Trade Support / Settlement - Associate

  • Competitive
  • Singapore Singapore Singapore SG
  • Permanent, Full time
  • Morgan McKinley Singapore
  • 20 Jun 18 2018-06-20

Trade Support / Settlement - Associate

My client, a mid-size bank, is looking to hire an Associate for their Operations team. This position has responsibilities in both Settlement as well as Trade Support services supporting the bank's front office businesses of Treasury, FICC and Corporate International. The incumbent will ensure all risks associated with operations and settlements are identified, monitored and resolved promptly.

The incumbent will be responsible for the following Services within the team:

  • Perform end to end processing for traded products such as FX/MM, Derivatives and Securities booked. This includes timely validation of trade bookings, prompt action on Confirmation matching, accurate settlements of trades, cash management, local payment clearing, post cash/trade break rectification and regulatory reporting to EMIR, MAS, HKMA and ECB etc.
    * To perform Trade Support services for transactions such as FX, FX-Options, and financial derivatives trades booked in Singapore. This includes timely checking of trade bookings to ensure completeness, prompt action on confirmation matching to ensure any errors are rectified. The scope also includes regulatory reporting such as EMIR, MAS, HKMA reporting for FX, IRS and Credit trades etc. To also provide TFX support for the Tokyo branch during Japanese holidays.

Key activities:
  • Performs trade checking and ensuring completeness for all types of treasury products including financial derivatives (such as FX-Options, NDO, NDF, Exotic options etc.)
  • Liaise with brokers and counterparty banks to resolve operational or settlement issues.
  • Perform thorough investigation on causes of settlement failures to prevent repeat errors, ensure close monitoring/regular follow up on resolution of issues and discrepancies.
  • Perform daily checks on fixing status of NDFs via relevant reports and to follow up with front office to ensure prompt resolution if any issues.
  • Perform daily MAS regulatory reporting as well as weekly and monthly MAS 755/610 reporting.
  • Provide TFX support for Tokyo branch during Japanese holidays.

Morgan McKinley Pte Ltd
EA License No: 11C5502
Registration No: R1549612
EAP Name : Dhanushi De Silva