Manager, Securities Settlement, Setclear with Multinational Institutional Brokerage and Investment Services

Settlements Manager

About the Role
This role involves overseeing and optimizing the end-to-end settlements process ensuring timely and accurate execution while adhering to regulatory standards. The ideal candidate will possess strong leadership skills to manage a team and drive efficiency improvements.

Key Responsibilities
- Ensure all trade details are pre-matched prior to settlement to minimize the risk of discrepancies.
- Implement and adhere to the fails management system to promptly address and resolve any discrepancies encountered during the settlement process.
- Supervise the entire settlements process to ensure timely and precise execution adhering to all regulatory and compliance standards.
- Conduct thorough reconciliations to validate the integrity of financial records swiftly identifying and addressing discrepancies.
- Proactively identify and implement opportunities for efficiency enhancements in settlement processes focusing on streamlining operations and reducing operational costs.
- Manage Securities Borrowing and Lending (SBL) collateral processes to ensure proper handling and compliance with regulatory requirements.
- Efficiently manage the conversion processes for American Depositary Receipts (ADR) and Global Depositary Receipts (GDR) ensuring timely execution and compliance.
- Actively participate in project initiatives and User Acceptance Testing (UAT) to ensure new systems processes and tools align with business requirements and enhance operational effectiveness.

Requirements
- Graduate with at least 5 years of experience in the securities banking or a related industry.
- At least 2 years of team handling experience.
- Strong knowledge of US Equities DTC workflow and 23*5 market operations including relevant practices and trends. Knowledge of European Asian equity and fixed income products is an added advantage.
- Excellent communication and interpersonal skills for interaction with senior management.
- Ability to work in Asia / EU / US shifts depending on work requirements.
- Ability to multitask and manage priorities effectively.
- Capable of building rapport with management local offices brokers and clients.
- Self-motivated with a strong eagerness to learn and take on challenges.
- Proactive in pursuing growth opportunities and mentoring others while managing risks and adapting to changes in project management.

Required Skills:

Settlements ManagerSecurities Operations ManagerDTCDepository Trust CompanyUS EquitiesFails ManagementADRGDR