Settlements Executive

Responsibilities:

• Create payment receipts upon receiving of client’s payment slips including cheques.

• Check and update for 3rd party relationship for B2B indemnity form received.

• Assist on payment receipt issues, follow up with CSE & contact bank.

• Upload Bank Bill Payment into Payment Receipts Register.

• Prepare FX instructions and do necessary rounding difference adjustment.

• Perform daily STS reports for T day and T+1 (Redemption payment, Wrap fee, Platform fee, Switching payment, PRS vesting, Payment to FM).

• Perform Adhoc STS if any necessary adjustments for the special arrangement.

  Funding/Unwind Funding for Late Redemption proceeds, Wrap Fee Adhoc Transfers, Redemption Fee transfers & any other Adhoc.

• Prepare DVP/RVP instruction for Bonds Trades and send to bank.

• Bond Trade Confirmation and perform transfer of funds.

• Liaise with the Custodian Bank for all Corporate Actions i.e. Coupon Payment/Consent.

• Prepare Securities Position and make sure all the instructions are in ‘settled’ position.

• Stamping of Redemption proceeds received from Fund Houses.

• Adjustment for rounding difference of proceeds received.

• Perform Cash Book Entries by the makers for all money movement.

• Generate SQL files to perform Subscription Master Recon, Payment Receipts Recon, Outstanding Receipts Recon, DPMS Recon and Direct Bank In Recon.

• Redemption Recon, Omnibus vs Payout Recon & Proceeds Stamping Recon.

• Perform Daily Cash Account Summary Reconciliations.

• Prepare Monthly Reviewed Recon for Subscriptions, Redemption, and Cash Account.

• Bonds holdings for iFAST vs SCB Custodian Bank.

• Perform Daily Stocks Trading Settlement, Fee Settlement, Corporate Action Settlement, and stocks trading related bank reconciliations.

• Generate SQL of client cash holdings for interest and compare TW vs Bank level.

• Prepare Insurance rebate and do payout to clients.

• Monitor and follow up with CSE for the client unclaimed monies in collection account and issue letter for cheque image request from the bank.

• Prepare for SC Reporting. Handle enquiries from inter-departments and external parties like bank, FH, BURSA and counterparty.

Requirements :

• At least Degree level is required.
• Responsible and committed with 'Can Do' attitude.
• Able to meet the cut off time given with sense of urgency.
• Meticulous and detailed person.
• Sensitive with the numbering or good result in mathematics subject.
• Team player and helpful.
• Preferably advance in SQL, Microsoft Excel and Word.
• Bumiputera are encouraged to apply.

All applications will be treated in strict confidence. We regret that only shortlisted applicants will be notified.

Note: Job responsibilities / requirements are representative and are not intended to be a detailed list. Other tasks/abilities may be required of the incumbent, relative to the specific assignment.

Job Requirement:

Experience Level

Entry level (i.e. Exec, Snr. Exec)

Education Level

Bachelor's Degree

Language

English,

Malay,

Mandarin

Skillset

Sensitive with the numbering,

Meticulous and detailed person,

Team player,

Responsible,

Good sense of urgency

Benefits:

Fun

From foosball face-offs to surprise treats, we believe great work happens when people enjoy the journey.

Snacks & Beverages

From quick bites to caffeine boosts, we’ve got you fuelled throughout the day.

Yearly activities

Think outdoor activities, CSR initiatives to festive celebrations and learning days, we make time for experience that bring people together and create moments worth remembering.

Remuneration package

Competitive remuneration including performance-based shares that reward results and recognize excellence.

Coverage

Insurance and medical benefits that support your wellbeing and give you peace of mind, so you can focus on what matters.

Allowance

Welcome lunch, teambuilding budget and sports allowance to support team bonding and an active lifestyle.

Company Overview:

iFAST Corporation is a global digital banking and wealth management platform headquartered in Singapore, providing a comprehensive range of investment products and services to financial advisory firms, financial institutions, banks, internet companies, multinational companies, as well as retail and high net worth investors in Asia. The Group offers access to over 17,000 investment products including funds, bonds and Singapore Government Securities (SGS), stocks, Exchange Traded Funds (ETFs), insurance products, and services including online discretionary portfolio management services (DPMS), research and investment seminars, financial technology (fintech) solutions, banking, pension administration, investment administration and transactions services. The company is also present in Hong Kong, Malaysia, China and UK.

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Kuala Lumpur, Malaysia

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full time

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Accounting/Finance/Treasury

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