Associate, Bond Settlement

Key Responsibilities

• Manage the full processing cycle of bond trades and payments which includes communication, booking, confirmation, reconciliation and settlement
• Ensure that daily transactions are processed timely and settled smoothly and efficiently.
• Process the custody service by checking and maintaining the cash movement of the custodian account and assist to investigate if any discrepancy
• Recommend on enhancements to ensure the effectiveness in transaction processing and settlement.
• Keep abreast of special events and special trades
• Ensure deal booking, payments and confirmations are in compliance with local regulations and the internal policy.
• Perform 2nd level of checking / validation
• Communicate with clients or counterparts regarding confirmations, matching, and settlement issues.
• Monitor and follow-up on breaks and discrepancies appeared in system platforms
• Conduct study, investigation or other ad-hoc assignments as directed by the team head
• Proactive and responsive to discrepancy or disagreement issues and active participation in driving towards best possible resolution
• Provide management with information on unusual booking and settlement matters
• Handle new products and establish the procedures
• Engages in direct customer contact to ensure quality and timely services in transactions processing and inquiries are provided
• Handle daily reporting for internal control
• Assist Head of Back Office / Line manager to carry out common projects / global initiatives
• Assist in system enhancement and responsible for UAT testing
• Provide support on HK holidays when other financial markets are open where we have business activities
• Point of contact for Trading and Sales team for complex queries/amendments.
• Monitor the end of day checks in all related systems
• Inform management of any new request and process change
• Escalate without delay any unusual activity identified
• Procedures are updated with current processes