Job Responsibilities:
Daily settlements
- Complete intraday/end of day processes for fixed income products including bonds, repos, CDs, Yankee CDs, CPs, Corp MM Funds, CNY term deposit, CNY Bond issuance, and IND.
- Monitor settlement of all trades to ensure timely resolution of any failing transaction by working with the Front Business Lines and counterparties timely.
- Report and escalate unusual activities and settlement issues to Supervisors.
- Perform new product testing and support including draft of UAT testing and work closing with technical team for issue resolving Daily IND reconciliation and money transfer.
- Perform CED settlement, securities transfer, revaluation, and coupon monitoring and entry postings.
- Assist team on projects for implementing systems and/or process changes to support increased efficiency on process controls.
- Perform timely and accurate GL accounting entry postings in the core Treasury banking system
- Restore business document files in accordance with retention policy.
Risk Management/ Compliance/Internal Audit
- Understand and comply with Bank's procedures, policies, standards, and regulatory requirements.
- Prepare monthly, quarterly and semi-annual risk assessment reporting to the Second Line of Defense.
- Prepare monthly and quarterly reports to Head Office.
- Update procedures to reflect current workflow processes and gap on control processes.
- Assist with the preparation of documentations upon requests by internal and or external parties.
- Respond to Internal Audit Department's request timely.
- Assist to remediate any audit issue findings.
Qualification:
- At least 1 year of experience in back office settlement required
- Bachelor's degree required, Accounting or Finance preferred
- Microsoft Office, Advanced Excel Skill required. Programming Skills R, Python, SQL knowledge is Plus
- Knowledge of treasury and financial products characteristics, as well as back office settlement workflow required