Manager, Remittance & Settlement

You will be responsible for supervising team members to carry out daily settlement function for FXMM and derivatives products effectively and efficiently. You will be required to as well as assist Department Head in management reporting, UAT, system enhancement projects or other various projects.

Responsibilities

• Supervise trade processing and settlement function for FXMM and derivatives products (including Equity derivatives, interest rate derivatives, FX derivatives, Variation margin management)
• Control & monitor the processing of all trade events (including corporate action, life-cycle events and option exercise events) regularly
• Supervise teams in monitoring RTGS intra-day fund flows together with Treasury in order to manage liquidity for Faster payment settlement, RTGS payment settlement, CMU settlement and repo/discount window operations
• Supervise teams in managing nostro fund transfer with Treasury for funding arrangement
• Manage cash, securities and position reconciliation at regular basis
• Review regular reports to related stakeholders for regulatory reporting and management reporting
• Monitor daily day end control checking for all products
• Review and update procedure manual regularly in accordance with bank practice
• Liaise with related stakeholders for problem resolution
• Drive the team in end-to-end process review and reengineering projects for continuous process improvement
• Work with department head and teams in BCP and operations resilience planning  
• Manage team productivity and staff performance

Requirements

• Degree holder in Banking / Business Administration / Finance is preferred
• Minimum 10 years relevant experience in Banking or Financial Institution of which 4 years at supervisory level
• Sound product knowledge of treasury and investment products
• Familiar with EasyWay, Xact, CMU, RTGS, SWIFT and related settlement system
• Strong people management and project management skills
• Good interpersonal and analytical skills
• Good command of spoken and written English and Chinese