Asset Transfer Operations Specialist
1 week ago
We are seeking a highly skilled and experienced professional to join our Front Office Support Services (FOSS) function. The successful candidate will be responsible for handling and coordinating portfolio transfers and securities transfers in the global markets, across all securitized products (equity/bond/structured products/funds).
Responsibilities- Pre-processing checks for all transfers and coordinating portfolio transfers
- Ensuring all relevant approvals are obtained and instructions provided by the business adhere to client's signing mandate and procedure
- Coordinating with various teams to ensure smooth transition of client assets and portfolio transfers via Letter of Undertaking
- Escalating any deviations to procedure
- Closing liaison and coordination with various parties, including Front Office, internal departments, custodians, and counterparties
- Managing daily requests for security transfer from initiation to completion
- Timely and accurate processing of security transfer requests
- Effective management and resolution of failed transfers
- Adherence to procedures, control guidelines, market regulation, and compliance framework
- Providing seamless, efficient, and value-added services to the front office
- Effective management of stock and cash breaks
- Performing end-of-day control checks
- Performing Risk & Control Self-Assessment (RCSA) checks
- Ensuring any exception handling is as per exception handling framework
- Resolving all queries from the business within the expected timeframe or escalating to the correct parties
- Identifying control gaps and working with the team to review process efficiency and deliver improvements
- Participating in projects as and when required
- 2 to 4 years of experience in Private Bank Operations, especially in Securities Transfers or Securities Settlements
- Tertiary education with a good academic track record
- Good knowledge of Microsoft Office
- Clear written and verbal communication skills with all levels of staff
- Client-oriented mindset
- Meticulous and good team player
- Ability to work independently and drive initiatives forward until delivery
- Ability to work effectively with both Front Office and Support staff, at all levels
- Ability to work and deliver under time pressure
- Proactive in identifying any process gaps, providing or suggesting solutions to improve productivity
- Ability to perform ad-hoc system testing
- Knowledge in MS Access/Python/Power BI is a plus
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