Associate, Specialist, Wealth Management Operations (Control, Reporting & Project Team), Technology

Business Function
Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

Job Objective:

• To support Wealth Management business of the Bank on the support functions/reporting and ensure accuracy, completeness and timeliness
• To participate in departmental/team projects/initiatives to provide an effective and efficient support to the business
• To support Processing Team to identify the risk and establish control to mitigate risk as the second line of defense to Operation Risk
• To prepare / consolidate regulatory reporting for the timely and accurate filing to internal parties for final submission to SFC/ HKMA / MAS.

Key Responsibilities:

• Check and review on reconciled cash and stock reconciliation to identify errors or breaks
• Building risk awareness amongst staff by providing support and training within the Team
• Check and coordinate various regulatory reports (CRS, FATCA, GSIB, HKMA return, etc.) and ensure data accuracy and timely submission
• To ensure the daily operations to comply with external/regulatory and internal requirements and the bank's risk management standards
• Assist Team Lead to implement various change initiatives and projects in terms of system and processing procedure by considering operation flows, markets, upcoming regulations and controls' requirements
• Liaise with business partners on user requirements, participating and monitoring the UAT status to ensure achieving project timeline.
• Ensure SOPs are reviewed and updated regularly in order to comply with internal and external guidelines/regulations
• Assist Team Lead to manage the team to meet Management (MTK) target

Functional Responsibilities:

• Assist Team Lead to manage the daily and monthly reconciliation process to ensure the correctness, completion and escalation without delay
• Ensure daily and monthly reconciliation of General Ledger account balance are performed
• Assist Team Lead to review the workflows for driving process improvement for the team
• Assist Team Lead to review Operational Manuals are most up to date
• Assist Team Lead to manage the team to meet the pre-defined productivity and KPI target
• To participate risk review and assessment, system related projects, UAT and ad-hoc assignment where appropriate
• Communicate project deadlines to team members, user requirement review, process review, data quality improvement, ad hoc assignment and liaise with Tech for project development and UAT Testing
• Contribute ideas and recommendations to management for improving process efficiencies and risk mitigation
• Monitor aging and abnormal breaks on reconciled daily and monthly cash and stock
• Analyzing current risks and identifying potential risks that are affecting each operation flow and incident with detailed root cause analysis

• Assist Team Lead to conduct RCSA review, policy and compliance audits, which will include reviewing of internal workflow for the preparation of external and internal audit

• To prepare and check regulatory reporting related to SFC, HKMA and MAS
• To provide high quality comments and advice to Management on risk assessment and monitoring
• Assist Team Lead to lead, coach, develop and guide the Team in providing effective advice

Requirements:

• At least 8 years hands-on experience on securities settlement, reconciliation, control and reporting
• University graduated in Finance, Business Administration or relevant disciplines
• Experience in project administration are preferable
• Experience in Avaloq workflows would be an advantage
• Sound knowledge on regulatory requirements for investment products and
• Good understanding of market rule and practices will be an advantage
• Excellent knowledge on Investment products settlement including equities, fixed income, Unit Trust and structured products will be an advantage
• Sound risk and control mindset
• Ability to identify errors and ability to work to under pressure
• Self-motivated with ability to deal with multiple commitments / deadlines
• Appropriate handling of sensitive information
• High Level of attention to detail
• Strong team management skills
• Strong analytical and organizing skills
• Good communication skills and able to work independently

Apply Now
We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.
We regret only shortlisted candidates will be notified.