Asset Transfer Operations Specialist
1 month ago
We are seeking a highly skilled and detail-oriented Asset Transfer Operations Specialist to join our Portfolio Operations, Front Office Support Services team at Bank of Singapore.
Job Overview:The successful candidate will be responsible for coordinating portfolio transfers and securities transfers in the global markets, across all securitized products (equity/bond/structured products/funds). They will work closely with the business to ensure smooth transitions of client assets and portfolio transfers via Letter of Undertaking.
Key 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 signing mandates and procedures
- Coordinating with various teams to ensure smooth transitions of client assets and portfolio transfers
- Escalating any deviations to procedure
- Closing liaison and coordination with various parties, including front office, internal departments, custodians, and counterparties
- Proficient in managing daily requests for security transfers 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
- Ensuring all queries from the business are resolved within the expected timeframe or escalated 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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