Job Purpose (In a brief, specific one or two-sentence statement, answer the questions: "Why does this position exist?" and "What is it expected to accomplish?")

The Private Banking Security Settlements Associate is responsible for ensuring the timely and accurate settlement of Equities and Bonds transactions within the Private Banking division. This role involves meticulous trade validation, exception management, and adherence to standard operating procedures and regulatory requirements.

Key Accountabilities (List the expected end results or KPIs that the job holder is expected to achieve for this job. Do not list more than 5)

Handle Security Settlement (product coverage: Equities, Bonds) & Crypto Settlement.

Ensure full compliance to all policies and regulations including SFA’s T+X+1. Complete adherence to SLAs with Wealth Business and other internal and external customers

Job Duties & responsibilities (List the principal duties. Use concise statements that provide a clear understanding of the level of responsibility, complexity, creativity and analysis performed in this position.)

Trade Processing & Validation

• Process and validate Equity and Bond settlement transactions in Avaloq, ensuring all details align with broker confirmations (e.g., order type, trade date, value date, quantity, asset/ISIN code, trading currency, execution price, gross and net settlement amounts).

• Handle trades from both Omgeo and non-Omgeo brokers, including manual validation for non-Omgeo trades and CTM matching for Omgeo trades.

• For Bond trades, download and upload Yield to Maturity (YTM) and Yield to Call (YTC) from Bloomberg for buy orders.

• Ensure accurate handling of FX rates for trades settled in foreign currencies, inputting and verifying rates in Avaloq as per counterparty confirmations.

• Perform daily End-of-Day (EOD) checks to ensure all trades are processed, settlement orders are in "RUN" status, and SWIFT messages are cleared.

• Manage cash funding to/from custodians.

• Monitor and process Crypto Currency trades in Avaloq, ensuring alignment with Digital Exchange executions.

Exception Handling & Escalation

• Identify and resolve discrepancies in trade details, coordinating with the Central Dealing Unit (CDU) and counterparties for amendments.

• Manage exceptions related to client commission amendments, failed trades, Italian tax, preference shares, partial settlements, and late trade processing.

• Timely follow up with counterparties on any failed trade.

• Escalate complex cases or those requiring special handling to the Team Manager, Area Manager and Head of Department for discussion and approval.

Compliance & Risk Management

• Adhere to internal policies, procedures, and service level agreements, including cut-off timings for trade validation.

• Maintain accurate records and documentation of all trade-related activities and exceptions.

• Ensure timely processing of Crypto Currency trades.

Required Experience (indicate nature and extent of work experience including minimum number of years required)

Non-technical Experience

Technical Experience

Minimum No. of Years

• Good organisational skills

• Excellent verbal communication and listening skills

• Excellent problem-solving skills for identifying and resolving trade discrepancies.

• Ability to work under pressure and meet tight deadlines.

• Strong understanding of Equity and Bond settlement processes.

• Proficiency in Avaloq and Omgeo CTM systems.

• Familiarity with SWIFT messages (MT540, MT541, MT542, MT543, MT202, MT210, MT599).

• Experience with Bloomberg terminal for data retrieval (YTM/YTC for Bonds).

• Ability to perform detailed trade validation and reconciliation.

3 years

Education / Preferred Qualifications

Degree = Yes

Core Competencies (Specify core competencies required in order to perform job role and indicate level of proficiency)

Core Competencies:

Moderate applied to below all:

Leadership

Developing & Coaching

Communication

Business Focus

Customer Focus

Planning & Organising

Teamwork & Collaboration

Change/Innovation Orientation

Ownership of Result

Problem Solving

Others

Technical Competencies (Discuss with your manager and list the technical knowledge and skills required for this position. Indicate level of proficiency for each competency)

Moderate applied to below all:

Bank Act

Anti-money Laundering Act

MAS regulations

FA Act

Relevancy to ABS

Work Relationship (State the essential working relationships with superiors, peers and subordinates as well as external parties which will contribute directly to the successful accomplishment of this job.)

Superior(s)

:

Team Manager, Area Manager, HOD

Subordinate(s) : NA

Peers : Analyst/Associate from WMO Securities Settlements Team

External Parties : Custodians, Brokers, Digital Exchange

Location:

Job:

Schedule:

Employee Status: