Senior operations specialist, wealth management
3 weeks ago
Senior Operations Specialist, Wealth ManagementJob DescriptionThe Senior Operations Specialist is a contributing member of the Operations team within Singapore Wealth Management, focusing on the day-to-day operational processes of a merchant bank.
Key ResponsibilitiesProcess Client Transactions: Handle client instructions for outgoing payments, transfers, and standing instructions.
Manage Incoming Funds: Collaborate with the Client Management Team to manage incoming funds and internal account transfers.
Coordinate Security Transfers: Work with the Service Centre to ensure timely processing of client security transfers, remittances, and income statements.
Custom and Regular Reporting: Support the creation of customised performance and profit and loss reports, portfolio consolidation, audit confirmations, and assist in regular performance report consolidation.
Update Settlement Instructions: Ensure custodian and standing settlement instructions (SSI) are up to date.
UAT Testing: Participate in user acceptance testing.
Reconciliation: Perform daily and monthly cash and position reconciliation between our core system and third-party custodians.
Client Onboarding: Work closely with the Client Management Team to manage client onboarding with third-party custodians and ensure ongoing documentation updates.
Due Diligence: Conduct regular due diligence on third-party custodians and insurance brokers.
Operational Fund Support: Provide operational support for the implementation of funds.
Database Management: Manage and maintain the MIS database, ensuring transaction activity records are current.
Process Improvements: Drive process improvements for productivity and quality enhancements; risk mitigation; design and execute strategic initiatives to enhance business efficiency and growth.
Stakeholder Partnership: Collaborate with internal stakeholders to drive operational excellence.
Administrative Tasks: Handle all other administrative matters as required.
Candidate AttributesEducational Background: Bachelor's degree or equivalent in Economics, Finance, Accounting, Business.
Experience: Minimum of 6 years of operations experience in Wealth Management.
Risk Management Expertise: Strong expertise in operations risk management, proficient in identifying key risks and managing actions to mitigate and resolve them.
Analytical Skills: Self-driven and highly analytical, with a keen attention to detail.
Reconciliation and Payment Processing: Prior experience in reconciliation and payment processing is preferred.
Custody Expertise: Experience with custody operations, including asset servicing, and corporate actions is preferred.
Investigative Skills: Strong and proven investigation skills, with ability to liaise effectively with internal and external parties.
Communication Skills: Excellent communication and interpersonal skills.
Technical Knowledge: Prior experience with Temenos T24 is preferred.
Multitasking: Able to handle multiple tasks efficiently.
Excel Proficiency: Strong proficiency in Excel, including experience with VBA and/or Macros.
Team Player: A strong team player with the ability to develop and maintain strong working relationships with global internal departments and external counterparties.
Adaptability and Innovation: Adaptable to change and an advocate for fostering an innovative culture within the team.#J-18808-Ljbffr
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