Settlement Officer

We are a dynamic money broking firm located in the heart of Raffles Place, and we’re on the lookout for an enthusiastic individual to join our team. If you’re ready to dive into a fast-paced environment where your insights and skills can drive success, this is the opportunity for you.

Settlement Officer - Key Functions & Job Duties:

Trade input and checking of trade confirmations

• Ensure accurate & timely input of trades and trade confirmations for all products (including intercompany trades)
• Prepare & send trade notifications via MarkitWire and Reuters Trade Notification Service (RTNS)
• Ensure that all qualifying trades input for benchmark calculations for SOR, THB Spot and SGD Spot are in accordance with the SOR Code of Conduct
• Liaise & rectify discrepancies with internal and/or external parties on trades and trade confirmations
• Check daily trade confirmations from agents

Daily Trade Summary, Brokerage Reports, Monthly Invoices, etc

• Send daily trade summary to Banks
• Send daily brokerage report to Management
• Prepare & send monthly exchange rates to banks
• Check & send monthly invoices to banks
• Liaise & rectify discrepancies with internal and/or external parties on monthly invoices

Systems (NBA / Marketwire / RTNS)

• Setup new account and inputting all static data (such as customer details, settlement instructions, brokerage rates, etc) and ensure the setup is complete and accurate
• Update of any changes in the static data of existing customers (such as customer details, settlement instructions, brokerage rates, etc)
• Liaise & rectify discrepancies with internal and/or external parties on brokerage agreement related matters
• Interact with external and/or internal parties on setup and/or update Traders and/or trading information for RTNS and Markitwire
• Ensure daily trades reconcile to NBA system

Others

• Ensure compliance to SOR Code of Conduct by ABS and any applicable law.
• Prepare audit reports
• Any other ad hoc assignment by Management

Requirements:

• At least GCE “O” level
• Preferably some experience working in settlement department
• Team player, good interpersonal and communication skills
• Willing to work outside normal office hours
• Need to be comfortable communicating with brokers (confirming details and queries)
• Good with details
• Willing to learn
• Able to work on public holidays