- Location
- PH
- Type
- Full-time
- Department
- Finance
- Seniority
- Entry
- Closing date
- Today
- Source
- Vincere
Description
Equities Settlements - Job Description
Equities Settlements Job Description | Prepared by CDA Careers
Role Title Equities Settlements Specialist
Experience Required 3 – 5 years relevant experience
Market Coverage Hong Kong / Asia Equity Markets (HKEX), Stock Connect
Business Line
Securities Asia executes its clients’ orders through its own Broker seats in HKEX. Upon execution of each
order, a transaction contract is created between Securities Asia and the client. Sec Asia Back Office is
responsible for clearing and settling those trades executed via Sec Asia, and informing the relevant
counterparties in case of disagreement.
Direct Responsibilities – Settlements ● Hands-on experience in end-to-end settlement processing, especially Asia Equity Markets and Stock
Connect. ● Liaising with overseas brokers/custodians on trade pre-matching issues. ● Reducing fails and/or potential fails through pairing off or partializing deliveries. ● Analyzing reasons for various client fails and providing regular updates to the relevant desk on time. ● Communicating with clients and internal teams to ensure all trades are settled accurately and on time. ● Producing error-free work consistently. ● Timely resolution of Nostro and depot breaks. ● Updating static data in back-end systems to support Straight-Through Processing (STP). ● Following up on outstanding trades and ensuring accurate records in EOD and daily checklists. ● Handling buy-ins, irregular settlement trades, and fail fees. ● Working knowledge of collateral management and stock lending. ● Handling client email queries and responding within agreed Turnaround Time (TAT). ● Regularly updating SOPs as markets change or require updates. ● Proficiency in SWIFT settlement messages.
Contributing Responsibilities ● Escalation and reporting: understanding internal rules for escalating to Operations and Front Office. ● Strong client focus: ability to work with various clients and Front Office, understanding the rationale behind
their requests, and responding proactively. ● Working in partnership with stakeholders while maintaining an independent mindset.
Experience Required
3 – 5 years of relevant experience in equities settlements or a related back-office function.
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