Settlement Officer

ResponsibilitiesThe Post Settlement & Cash Team within Operations is central to managing cash processing for both Bank SG and consumer banking Group SMF businesses, overseeing both payment and receipt functions. This role is critical in facilitating seamless financial operations and requires meticulous attention to detail and strong operational execution.Specific responsibilities include:(1) Payment & Settlement Expertise:I. Execute comprehensive post-trade and cash settlement processes within back-office systems.II. Process CBG SMF transactions accurately.III. Support outward payments (trade settlement) to brokers/counterparties and manage fund transfers between house and trust accounts maintained with various nostro banks.(2) Fund Management & Reconciliation:I. Monitor and process incoming funds from diverse nostro banks, meticulously updating customer ledgers in the back-office system.II. Efficiently manage and process unidentified funds, promptly reporting third-party incoming funds.III. Conduct daily reconciliation to ensure SBL and AMH TT reference transactions align to back-office systems records.IV. Perform daily end-of-day completeness checks and balance reconciliation between the Lotus Note workflow and back-office system updates using Excel templates, escalating any discrepancies or issues without delay. (3) Operational Support & Compliance:I. Generate new and reset Pin Mailers as required.II. Handle deposit and withdrawal requests for Bank in Thailand.III. Process SRS/CPF receipts for trade settlement.IV. Segregation of customers' monies, compute accurately daily inbound and outbound trust fund movements between customer and house accounts.(4) Continuous Improvement & Ad-Hoc Duties:I. Actively participate in User Acceptance Testing (UAT) for new products and system enhancements to ensure seamless integration and functionality.II. Undertake any assigned ad-hoc requests or tasks, demonstrating adaptability and a proactive approach. RequirementsPoly/ Degree holder with relevant banking experience in a banking operations environment, ideally in a cash-related role in a securities industryStrong ability to deliver under tight deadlinesGood team player with good communication skillsTeam player who is able to work independently and under pressure Able to work in a fast-paced environmentMeticulous and an eye for detailsExcellent interpersonal and communicational skills• Proficient in MS Office applications