Asset Transfer Operations Specialist

1 month ago


Singapore Bank of Singapore Full time
Job Title: Asset Transfer Operations Specialist

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
Securities Transfers:
  • 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
Control:
  • 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
Query Management:
  • Ensuring all queries from the business are resolved within the expected timeframe or escalated to the correct parties
Change Management:
  • Identifying control gaps and working with the team to review process efficiency and deliver improvements
  • Participating in projects as and when required
Requirements:
  • 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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