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Posted on 2023-01-27
Officer, Remittance and Settlement (Settlement)
Job MatcherYou will be responsible for managing daily processing of Fixed income & derivatives operations.
Responsibilities:
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Perform daily settlement processing for the following products:
- Margin settlement for CSA management
- Interest rate swap and cross currency swap, Caps & floors
- FX Option, Participating Forward and Structure option
- Equity option, equity accumulator and decumulator
- Futures, Bonds, CD Issuance, EMTN and Repo
- Currency Linked Premium Deposit and Equity Linked Deposit
- Prepare daily reporting and follow up margin call payment for CSA management
- Follow up discrepancies and liaise with risk management team if any margin disputes
- Follow up monthly interest settlement with CSA counterparties
- Work closely with front office and various departments to resolve any operational issues
- Prepare trade confirmations and settlement instructions for Fixed income and Derivatives products
- Input trades at middleware systems for in-scope OTC derivatives products
- Review reported OTC derivatives trades or submit trades if needed for regulatory reporting
- Manage coupon and redemption payment for securities and interest payment for derivatives products
- Dispatch Corporate Action notifications to relevant RM and maintain in register record for follow-up action
- Perform account reconciliation, position and custodian reconciliation to ensure accuracy
- Prepare day-end control reports to ensure completeness
- Participate in user acceptance tests or system enhancement projects in relation to Settlement or new product development
- Assist manager in regular procedure manuals updating
- Act as back up of other FXMM or Fixed Income & Derivatives teammates
Requirements:
- Degree holder in Banking / Business Administration / Finance/ Management
- At least 2-3 years relevant experience in Banking industry or financial institution is preferred
- Strong communication, interpersonal, people management and analytical skills
- Mature and able to work independently and under pressure
- Innovative and self-initiative
- Good command of spoken and written English and Chinese
(Candidates with less experience will be considered as Assistant)
Please note that only shortlisted candidates will be notified.
Skills
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Company Overview
The Dah Sing Group is a leading financial services group in Hong Kong offering banking, insurance, financial and other related services through its growing network of over 70 branches in Hong Kong, Macau and Mainland China.
Our currency is caring, teamwork and progressiveness. We accept that everyone is unique and different in talent, but alike in the capacity for growth. Our task is to shape a culture that creates a sense of pride in achieving something beyond just a job, and an environment where you can be your true and authentic self, like at home.
