Officer, Remittance and Settlement (Settlement)

You will be responsible for managing daily processing of derivatives operations.

Main Responsibilities:

• Perform daily settlement processing for the following products:
  • Margin settlement for CSA management
  • Interest rate swap and cross currency swap, Caps & floors
  • FX Option, Participating Forward and Structure option
  • Equity option, equity accumulator and decumulator
  • Futures
  • Currency Linked Premium Deposit and Equity Linked Deposit
• Prepare daily reporting and follow up margin call payment for CSA management
• Follow up discrepancies and liaise with risk management team if any margin disputes
• Follow up monthly interest settlement with CSA counterparties
• Work closely with front office and various departments to resolve any operational issues
• Reconcile trade input against counterparty’s trade record to ensure correctness of trade booking
• Follow up with traders and counterparties in case of any trade booking issues
• Prepare trade confirmations and settlement instructions for Derivatives products
• Input trades at middleware systems for in-scope OTC derivatives products
• Manage trade confirmation matching electronically and manually as well as handle exceptions if any
• Review reported OTC derivatives trades or submit trades if needed for HK trade repository regulatory reporting
• Manage premium payment for interest payment for derivatives products
• Dispatch Corporate Action notifications to relevant RM and maintain in register record for follow-up action
• Perform account reconciliation, position reconciliation to ensure accuracy
• Handle post trade event processing (e.g. rate fixing, option expiry/exercise, knock-in or knock-out events) for Derivatives products
• Prepare day-end control reports to ensure completeness
• Participate in user acceptance tests or system enhancement projects in relation to Settlement or new product development
• Assist manager in regular procedure manuals updating
• Act as back up of other FXMM or Fixed Income & other Derivatives teammates

Incumbent Requirements: 

• Degree holder in Banking / Business Administration / Finance/ Management
• At least 2 to 3 years of relevant experience in Banking industry or financial institution is preferred
• Experiences in settlement systems usage including SWIFT, RTGS, MarkitWire, Kondor, OPICS, HKTR is preferred
• Strong communication, interpersonal, people management and analytical skills
• Mature and able to work independently and under pressure
• Innovative and self-initiative
• Good command of spoken and written English and Chinese

(Candidate with more experience will be considered as Senior Officer)