finseats

Manager / Assistant Vice President, Settlement & Custody Services - (Transaction Management)new

OCBC (OCBC) · Bank

WHO WE ARE:

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

What we offer:


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.

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