Settlement Associate
The company specializes in financial services with a focus on securities and brokerage. They foster a collaborative and detail-oriented environment, emphasizing compliance and efficiency. This role involves supporting the settlement and clearing processes for various fixed income and structured products, working closely with internal teams and external counterparties. It is a vital position ensuring smooth settlement operations, risk control, and regulatory compliance within the organization.
Role Overview
The Settlement Associate plays a key role in managing trade input, validation, settlement instruction preparation, and monitoring of settlement statuses. The position requires liaising with counterparties and internal teams to resolve settlement issues, overseeing funding forecasts, and ensuring regulatory reporting requirements are met.
Key Skills & Experience
Minimum of 2 years’ experience in clearing and settlement, preferably within securities or brokerage firms
Familiarity with settlement processes for fixed income products such as bonds, notes, treasuries, and MBS
Knowledge of OTC derivatives and structured products is an advantage
Good communication and teamwork skills, with proficiency in English and Chinese
Strong analytical, detail-oriented approach, and ability to work under pressure
PC skills and MS Office proficiency; experience with programming solutions (Python, VBA) is a plus
Key Responsibilities
Perform trade input, validation, and confirmation preparation for Fixed Income products, Repo, Reverse Repo, and Derivatives
Follow up with counterparties for unsigned confirmations
Prepare settlement instructions using clearing platforms such as Euroclear, CMU, and Fedwire
Monitor settlement status, collaborate to resolve potential failures
Prepare funding forecasts and liaise with Treasury for operational activities
Validate coupon entitlements, follow up on coupon claims and principal recalls
Conduct lifecycle validation of OTC positions, manage collateral, and initiate margin calls
Conduct regular cash and stock reconciliations
Update procedure manuals and strengthen risk control processes
Ensure compliance with regulatory and reporting requirements, e.g., Hong Kong Trade Repository
Handle ad-hoc projects as required
Requirements
Bachelor’s degree
Minimum of 2 years’ experience in clearing and settlement
Familiarity with settlement of fixed income products such as bonds, notes, treasuries, and MBS
Knowledge of OTC derivatives and structured products (preferred)
Excellent communication skills in English and Chinese
PC proficiency, MS Office skills, and experience with workflow automation tools (Python, VBA) (preferred)
This position offers a stable, permanent opportunity within a dynamic financial environment. If your experience aligns with these requirements, we invite you to apply.
