Manager / Assistant Vice President, Settlement & Custody Services - (Transaction Management)
As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.
Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future.
We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.
Your Opportunity Starts Here.
To supervise order management and settlements of investment products such as Equities, Bonds, ELI/ELN, UT and Structure Deposit and monitor the completeness of daily operations and functioning of systems. He/she is also required to support various ad-hoc assignments, attend system training, prepare SOP and controls the preparation of weekly/monthly statistics reports to management.
Responsibilities
Supervise and perform daily settlement process of various investment products which include Equities, Bond, Unit Trust, Structured Products, SDS and Foreign Stock in Bank systems.
Monitor the functioning of Bank Systems (e.g. ibroker, T24, IVS, CBS)
Check and approve transactions in Bank Systems
Check and approve payment instructions in Bank Systems
Operate custodian platform for order settlement (e.g. Clearstream, Euroclear)
Handle and monitor Stock and UT monthly investment plan
Handle and monitor IPO stock / bonds subscription and settlement tasks
Handle physical share deposit and withdrawal
Handle Branch enquiries and follow up
Reconciliation monthly statement
Supervise and coach junior / new members of the section
Provide support to the section head and other team managers when required
Attend system training, prepare SOP and assist UAT project
Requirements
Bachelor’s Degree or above
3 years in Banking industry, preferably with knowledge on settlement of investment products.
Strong people management skills with the ability to motivate and drive results
Has product knowledge of equities and fixed income.
Good knowledge of PC skills including MS Word, Excel & PowerPoint
Excellent problem-solving and decision-making skills to address
Operational challenges. Possess desirable attributes including being a team player, willingness to learn and problem-solving skills
Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.
Skills Required
- Bachelor's Degree or above
- 3 years in banking industry
- Knowledge on settlement of investment products (equities, bonds, unit trusts, structured products)
- Strong people management skills with ability to motivate and drive results
- Product knowledge of equities and fixed income
- Good PC skills including MS Word, Excel and PowerPoint
- Excellent problem-solving and decision-making skills for operational challenges
- Team player and willingness to learn
What We Do
OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker. OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang. OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. OCBC's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
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