Settlements Officer, Operations

16 hours ago

Manila, National Capital Region, Philippines CLSA Full time ₱900,000 - ₱1,200,000 per year

Position Description

The primary role of the Settlements Officer – Cash Operations is to support post-execution processes for equities cash operations including settlement of Due Broker/Clearing account, processing of trade-related cash settlements and fund transfers, dividend processing and bank reconciliation.

Key Areas of Responsibilities

  • Daily bank reconciliation of custodian bank accounts and checking accounts
  • Month-end bank reconciliation submission of all trade related bank accounts
  • Month-end submission of Aging Report of Outstanding Checks
  • Daily reconciliation of Due Broker/Clearing account
  • Manage funds (receivables and payables) for daily settlement of trades including Due Broker and Due Clearing
  • Manage funds for daily collateral requirement and weekly and bi-monthly RBCA reserve requirement
  • Allocate funds for failed buy trades and stock loan for failed sell trades
  • Process various online banking payments to clients
  • Process various online banking fund transfers depending on custodian net settlement of buy and sell trades
  • Process cash dividend remittances to clients
  • Check preparation when applicable
  • Execute FX in with banks for foreign trades and cash dividend remittances
  • Maintain banking relationships
  • Maintain BP lines, FX lines, Intra-day lines and credit lines
  • Posting of daily journal entries
  • Bank reconciliation on trade bank accounts are reconciled not later than the following day after transaction date
  • Aging Report of Outstanding Checks and Month-End Bank Reconciliation are submitted to controllers
  • Collateral requirement in CCH is funded within clearing house cut-off time
  • No overdrawn trade bank accounts
  • Corporate actions are processed within processing timelines
  • Collection & Payment Reports & Cash Position reports are generated and analyzed not later than a day before value date
  • RBCA Reserve Requirement reports are generated and fund within cutoff times

Requirements

  • Good interpersonal skills
  • Knowledge of industry market practices and procedures
  • Keen eye on details
  • Risk averse
  • Proficient in Microsoft word and excel
  • Can work under time pressure
  • Good grasp of Philippine securities laws and regulations

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