Settlements Associate – Cash Equity/APAC/IBank/Hong Kong recruitment

Settlements Associate – Cash Equity/APAC/IBank/Hong Kong

One of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services is looking to expand their Global Markets Division. An exciting opportunity has arisen to join as an Associate in the Cash Equity Settlements team.

Job Requirements:

•Liaise with agent banks, brokers, CGM Stock Loan desk/MO, customer’s back offices and other CGM offices to follow up any potential fails prior to settlement date;
•Check and reconcile the stock position and advise the Stock loan desk to borrow stock to cover short position, and / or return the excess stock to the lender;
•Relay unmatched items to Stock Loan middle office, and the desk for resolution so as to avoid any failure or buy-in for Pacific Rim markets domestic transactions;
•Based on internal system to perform prematching for Equities or Bonds transaction in various Asia Pacific markets traded by Stock Loan desk;
•Perform inter-system reconciliation for regions and mange any exceptions created to ensure all breaks are followed up promptly.
•Identify and escalate trade discrepancies to provide key internal and external client support areas.

Skills required:

•Strong knowledge of Equity products in Asian Markets.
•Expertise in Trade Capture, Settlements and Reconciliations.
•Maintain a high level of accuracy and be vigilant when validating the trade amendments and monitoring of the fails management.
•2-3 years experience within banking or financial services, specific experience in equity markets is needed.
•University degree.
•Excellent communication skills.

This is a brilliant opportunity to work for a top financial institution is not to be missed. If you want to work in an exciting and challenging new environment apply immediately to be considered. Excellent salary plus benefits salary range 20K – 32K per month depending on experience.

Settlements Associate – Cash Equity/APAC/IBank/Hong Kong