Settlement Officer

Employer
Morgan McKinley Shanghai
Location
Shanghai, China
Salary
Competitive
Posted
Jan 20, 2019
Closes
Feb 20, 2019
Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Our client is a small size foreign bank. Currently, they are looking for an experienced candidate for their settlement team, mainly responsible for cash payment and FX/MM settlement, includes daily BAU and related reg-reporting.

Responsibilities:
  • Perform processing and trade settlements
  • Monitor and perform confirmation matching
  • Perform reconciliation of trades between usually but not limited to front and back-office systems
  • Perform daily and monthly checks on transaction reports where applicable.
  • Good knowledge and understanding of local specific regulations and policy, ensure operations and reporting process in line with the required standard
  • Understanding, Transformation and input of the content of the technicalities from the written loan agreement to the respective booking-system
  • Input and Verification of all business events (payments, notifications, corrections)
  • Reconciliation and review of business cases
  • Other tasks assigned by the team lead

Requirements:
  • University degree or similar in Banking, Finance or Business etc.
  • Certification in local market practice/rules & regulations or other relevant certification (CPA, CFA, etc.)
  • Language: Fluency in Mandarin and English
  • Typically 3 years of experience in traded product settlement or in a comparable service function in a financial institution (e.g. settlements, loan administrations, middle office etc.).
  • University degree or similar in Banking, Finance or Business etc.
  • Over 5 year working experience in FX/MM settlement or banking back office.
  • Certification in local market practice/rules & regulations or other relevant certification (CPA, CFA, etc.)
  • Language: Fluency in Mandarin and English
  • Strong product knowledge in wide range of financial instruments especially in area of bookings and settlements (such as fixed income instruments, financial derivative products, FX and MM products, structured products)
  • Good problem solving skills with the ability to apply up-to-date knowledge and best practices to develop value-added solutions
  • Good understanding of relevant regulatory rules and internal controls to ensure compliance
  • Strong interpersonal and communication skills