Analyst / Associate, Wealth Management Operations - Security Settlements (E at DBS Bank

Singapore, Singapore, Singapore -

Full Time

Start Date

Immediate

Expiry Date

01 Sep, 26

Salary

0.0

Posted On

04 Jun, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Security Settlements, Trade Validation, Avaloq, Omgeo CTM, SWIFT Messaging, Bloomberg Terminal, Equity Settlement, Bond Settlement, Crypto Settlement, Exception Management, Regulatory Compliance, Reconciliation, Problem Solving, Communication Skills, Organizational Skills, Risk Management

Industry

Banking

Description

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: DBS Asia Hub Job: Operations Schedule: Regular Employee Status: Full time DBS is more than a bank — we're shaping the future of finance and communities. With innovation at our core and impact in our DNA, we go beyond banking to build careers, relationships, and a better world. DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 15 consecutive years from 2009 to 2023. DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets and is committed to building lasting relationships with customers. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities.

Responsibilities

Responsible for the timely and accurate settlement of Equities, Bonds, and Crypto transactions within the Private Banking division. This includes trade validation, exception handling, and ensuring compliance with regulatory requirements and SLAs.