Manager, Wealth Management Settlement Operations

Roles & Responsibilities

Job Purpose

Provide quality end to end Service Delivery of Wealth Management Settlement transactions in accordance to ENBD Group directives. Ensure compliance to Group policies and procedures, local regulatory requirements and guidelines, review of processes to ensure effective controls and efficiency is in place. The unit works closely with ENBD HO IT, Group Wealth Op/ Group Wealth Management and Global Services(Tanfeeth) to leverage on technology to support our physical and digital banking services and operations.

Job Content

1. Operations & Control

• Review procedural control frameworks to ensure implementation of Wealth Management processing and Settlements operation procedures
• Conduct effective day to day management of all Wealth Management Settlements operation issues, adhering to Group and local approval matrices
• Ensure appropriate controls via timely updates on reconciliations through support and ongoing engagement levels with relevant business/ support units e,g other operations units, Finance, ENBD Global Services (Tanfeeth), International etc.
• Work with custodians on operational and settlements related matters with respect to custody of investments held
• Monitor control operations and conduct regular reviews to ensure that they reflect changes in products, systems, policy and regulation
• Regular process review to eliminate unproductive processes
• Track and ensure system & process issues are resolved and control gaps are addressed
• Ensure compliance with all regulatory requirements and internal policies with respect to Private Bank/ Wealth Management

2. Operational Risk

• Manage errors in processing, system errors. Work with relevant parties to resolve issues
• Regular process review to eliminate erroneous steps or processes.
• Review errors resulting in operational losses and revise processes to address any risks or control issues
• Engage stakeholders to resolve any operational risk issues
• Timely escalation of potential operational issues/losses, risks

3. New products / initiatives/ Projects

• Review new product programs rolled out for Singapore branch taking into consideration all the rules involved in Wealth Management Settlement, all regulatory requirement and compliance guidelines
• Lead various Weath Management Ops related projects/ initiatives
• Review and propose new process/process improvements taking into consideration system capability, policies and procedures, regulatory requirements, reporting requirement etc
• Oversee and manage rollout of new Wealth Management systems, working closely with stakeholders in SIN WM, HO IT, Compliance, Finance
• Work with Group Wealth Management and Wealth Operations to support operationalization of new products and initiatives
• Proactive engagement with project teams on planning and execution of User Acceptance Tests (UAT)

4. Business Continuity Planning (BCP)

• Review and update business continuity plans for Wealth Management Settlement Ops
• Work with various business and support units to perform Business Impact Analysis

5. Reporting

• Ensure submission of Regulatory reports and country specific reports in timely manner and with accuracy
• Submission of performance KPIs on Ops Service Delivery to INTL COO

Requirement:-

• Min a Diploma/Bachelor's degree from a reputable university.
• Min 15 years working in the Banking Industry and 10 years in Wealth Management/ Private Bank operations experience.
• Good knowledge and understanding Wealth Management/ Private Banking regulations and securities operations.
• Experience with end-to-end settlement process including managing of operating requirements with custodians, settlement and asset services on alternative assets, including illiquid, semi liquid and OTC products.
• Experience in handling a small team.
• Conscientious, Independent and has initiatives
• Excellent interpersonal skill
• Self-motivated and hard working

*Note that salary commensurate with relevant experience.

Tell employers what skills you have

Wealth Management
Transactions settlement
UAT
Business Continuity
settlement systems
Account Settlement
Rollout
Private Banking
settlement of trades
Compliance
Banking
Operational Risk
Business Continuity Planning
Regulatory Requirements
Service Delivery

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