Settlement Manager (Operations) (Securities back office)

Key Responsibilities

• Oversee daily operations: securities settlement, corporate actions, IPOs, placings, share repurchases, securities lending, and client fund transfers.
• Lead settlement operations for a diverse portfolio, including Stock Option, Fixed Income, OTC Derivatives.
• Oversee Bond Connect, CIBM, and international bond settlements. Manage the lifecycle of OTC derivatives, including Trade Affirmation, ISDA/NAFMII compliance documentation, and Collateral Management/ Margining.
• Ensure adherence to the SFC’s Client Money Rules and Securities and Futures (Keeping of Records) Rules. Also SFC and HKMA guidelines and internal policies, particularly regarding Client Money Rules and AML/KYC protocols.
• Manage reporting requirements for HKTR (Hong Kong Trade Repository) for OTC derivatives.
• Drive UAT for system migrations and automate manual workflows to improve STP rates.
• Lead and train the settlement team, serving as a key liaison for the Front Office, IT, legal/compliance, and external vendors or regulators.

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Requirements

• Bachelor’s degree or above in Finance, Business Administration, Accounting, or related field.
• At least 5 years of relevant working experiences in settlement management and operation
• Proven track record in performing good management in a Brokerage or a top-tier financial institution.
• Strong understanding of Fixed Income (e.g., Dim Sum Bonds, LGFVs), HKEX products and settlement systems.
• Well familiarity with OTC Derivatives (Interest Rate Swaps, Total Return Swaps, etc.).
• Proficient in CCASS, CMU, Euroclear, and Clearstream and SWIFT(MT/MX)
• Understanding of the Northbound/Southbound Trading Link mechanics.
• Strong "Can-do" attitude with the ability to navigate the corporate culture of Chinese-funded firms;
• Fluent in Mandarin and English is required.
• Priority given to candidates available to start immediately.

If you are interested in joining us, please send your full resume and application letter indicating your date of availability, present and expected salary by e-mail to both [email protected] and [email protected]

(All information received will be kept confidential and used only for employment related purpose)