Critical role serving Wealth Management Clients and supports Dealing Desk and Front Office Relationship teams by ensuring timely and accurate processing of settlement, confirmations, life cycle management of Equity / OTC Derivatives transactions for Wealth Management clients and with counterparties/brokers.
Primary Role Responsibilities
- Process Equity / OTC derivatives, including equity / bond / index/ listed / exotic options and interest rate swap Match, sort and verify trade confirmations against trader's daily reports/blotters, and follow-up with advisory desk, counterparty and front office for any trade discrepancies.
- Monitoring and process periodic fixing events, including settlements arising from options exercised/knock out and periodic interest payments, including creation of SWIFT payment, and investigate and follow-up nostro and securities reconciliation breaks.
- Monitor short sell securities position and ensure prompt follow up and update of daily control reports for failed and late trades / non receipt of confirmations.
- Ensure proper management approval is obtained for special waivers and update waiver file.
- Update and maintain internal master records for newly incepted trade, periodic exercise, knocked-out, expiry, track the date of receipt / acknowledgment of counterparty confirmations, and attend to queries from front office, advisory desk, and counterparty. Perform and participate in User-Acceptance-Test and ad-hoc projects. Check Transaction Supplement / long-form confirmations from counterparties, monitor and follow up in event of non-receipt
- Prepare manual confirmation and advice to clients.
- Monitor daily margins for Listed Options to ensure sufficient funds at custodian level.
Requirements
- One year of experience in back office or support role is preferred.
- Ability to collaborate.
- Attention to details, client focused.
- Adaptable to changes.
- Open to fresh graduates with intermediate level of competency in scripting Excel VBA Macros and formula with Excel data tools to simplify and automate tasks.
- Degree in Business or Finance
