Security Settlement Specialist
5 days ago
Are you an experienced professional looking for a new challenge in the field of securities settlement? We have an exciting opportunity for a Security Settlement Specialist to join our team at UOB Private Bank.
About United Overseas BankAs one of Asia's leading banks, we operate with a global network of over 500 branches and offices across 19 countries. Our history spans over 80 years, guided by our core values of Honorable, Enterprising, United, and Committed. These values shape our approach to business and guide our interactions with colleagues and clients alike.
About UOB Private BankUOB Private Bank is dedicated to managing the wealth of high-net-worth individuals with investment assets exceeding $5 million. We tailor our services to meet the unique financial objectives of each client, drawing from our comprehensive suite of personal, business, and investment solutions.
Job Responsibilities- Liaise with Back Office and counter parties to ensure timely and accurate settlement of security transactions.
- Validate security transactions prior to processing units.
- Communicate settlement discrepancies to Front Office, Back Office, and relevant parties, providing instructions and guidance on issue resolution.
- Reconcile cash and security positions daily with internal and external counter parties.
- Coordinate with internal and external parties to process client portfolio transfer instructions involving different asset classes.
- Disseminate corporate action notifications from custodians and ensure timely receipt of response from Front Office.
- Maintain static data of securities in PB system.
- Provide assistance and advice on security settlement matters.
- Assist Team Lead in day-to-day management oversight over a sub-team.
- Degree in Business, Banking/Finance, Accounting, or equivalent work experience.
- 10 years of securities settlement experience, preferably in private banking, covering exchange-traded instruments, fixed income, structured notes, unit trusts, derivatives, corporate actions, and asset transfers.
- Able to perform under limited supervision in a fast-paced environment and meet tight deadlines.
- Effective communication and analytical skills, with ability to work effectively with all levels within the organization.
- Able to make sound and independent decisions in resolving issues.
- Familiarity with MS Office Suite, especially Excel.
This salary range is based on industry standards and takes into account the location of Singapore. As a valued member of our team, you can expect a competitive compensation package that reflects your skills and experience.
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