Officer, Remittance and Settlement

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

Main Responsibilities:

• Perform daily settlement processing for the following products:
• Plan vanilla option, barrier option, exotic option with features including but not limited to participating forward, target redemption, FX accumulator and/or decumulator
• Equity option, equity accumulator and decumulator
• Interest rate Futures linked products
• Structure deposit including but not limited to Interest rate linked deposit, Currency Linked Premium Deposit and Equity Linked Deposit
• 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
• Prepare or review transaction reporting files for HK trade repository regulatory reporting
• Manage premium payment for interest payment for derivatives products
• Perform account reconciliation, position reconciliation to ensure accuracy and rectify breaks if any
• Handle post trade event processing (including but not limited to rate fixing, option expiry/exercise, knock-in or knock-out events) for Derivatives products
• Prepare day-end control reports for completeness check
• Participate in user acceptance tests or system enhancement projects in relation to Settlement or new product development

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 the qualification of Certified Banker is an advantage