Deputy Manager, Settlements - Private Bank

A regional bank is hiring for a Private Banking Operations Deputy Manager to support its end-to-end operational activities across private banking products. The role will have a strong focus on settlements, payments, reconciliations and operational improvements.

Key Responsibilities

• Handle end-to-end trade processing, including booking, confirmation, settlement, reconciliation and exception management.
• Support the processing of private banking products, which may include bonds, equities, mutual funds, structured products, structured deposits and private equity funds.
• Perform cash, position and transaction reconciliations and investigate settlement discrepancies or breaks.
• Process deposits, remittances, asset transfers and SWIFT payments.
• Support corporate action processing, including client elections and entitlement monitoring.
• Liaise with internal stakeholders, custodians, brokers and fund houses to resolve operational matters.
• Participate in system enhancements, UAT and change initiatives.
• Identify and implement process improvements to streamline workflows and reduce operational risks.
• Generate trade advices, account statements and periodic operational reports.
• Support ad hoc projects and other operational initiatives.

Requirements

• Degree in Business Administration, Banking, Finance or a related discipline.
• At least 8 years of relevant banking operations experience.
• Strong hands-on experience in settlements and reconciliations, preferably involving private banking or wealth management products.
• Experience in remittances, payments or SWIFT processing.
• Practical knowledge of Avaloq is required.
• Prior involvement in UAT, system enhancements or change initiatives.
• Experience supporting process improvement or workflow-streamlining initiatives.

Candidates who meet the above requirements are welcome to submit their updated CV for a confidential discussion.

Claire Ang
R22109899
EA License: 22S1193