Private Bank Middle Office - Security Settlement Specialist

About the role

The successful candidate will join the Private Bank Middle Office Security Settlement Team at United Overseas Bank (UOB), providing middle office trade settlement support for security transactions and all other settlement-related activities.

Key responsibilities

• Liaise with back office and counterparties to ensure accurate and timely settlement of security transactions.
• Validate security transactions in the PB system before instructing processing units.
• Communicate settlement discrepancies and exceptions to front office, back office and relevant parties, giving instructions and guidance on resolution.
• Reconcile cash and security positions with internal and external counterparties daily and resolve discrepancies promptly.
• Coordinate with internal and external parties to process client portfolio transfer instructions across different asset classes.
• Distribute corporate action notifications from custodians and ensure timely responses from the front office.
• Maintain static data of securities in the PB system.
• Provide assistance and advice on security settlement matters.

Required profile

• Degree or diploma in Business, Banking/Finance, Accounting, or equivalent work experience.
• Minimum 3-6 years of operations experience in securities settlement, covering exchange traded instruments, fixed income, structured notes, unit trusts, derivatives, FX, corporate actions and asset transfers.
• Able to work independently with minimal supervision in a fast-paced environment and meet tight deadlines.
• Effective communication and analytical skills, working well with all levels of the organisation.

Required skills

• Familiarity with the MS Office suite, especially Excel.