Settlements Executive

2 days ago

Kuala Lumpur, Kuala Lumpur, Malaysia iFAST Capital Sdn Bhd Full time 30,000 - 60,000 per year

Responsibilities:

  • Create payment receipts upon receiving of client's payment slips including cheques.
  • Check and update for 3rd party relationship for B2B indemnity form received.
  • Assist on payment receipt issues, follow up with CSE & contact bank.
  • Upload Bank Bill Payment into Payment Receipts Register.
  • Prepare FX instructions and do necessary rounding difference adjustment.
  • Perform daily STS reports for T day and T+1 (Redemption payment, Wrap fee, Platform fee, Switching payment, PRS vesting, Payment to FM).
  • Perform Adhoc STS if any necessary adjustments for the special arrangement.
  • Funding/Unwind Funding for Late Redemption proceeds, Wrap Fee Adhoc Transfers, Redemption Fee transfers & any other Adhoc.
  • Prepare DVP/RVP instruction for Bonds Trades and send to bank.
  • Bond Trade Confirmation and perform transfer of funds.
  • Liaise with the Custodian Bank for all Corporate Actions i.e. Coupon Payment/Consent.
  • Prepare Securities Position and make sure all the instructions are in 'settled' position.
  • Stamping of Redemption proceeds received from Fund Houses.
  • Adjustment for rounding difference of proceeds received.
  • Perform Cash Book Entries by the makers for all money movement.
  • Generate SQL files to perform Subscription Master Recon, Payment Receipts Recon, Outstanding Receipts Recon, DPMS Recon and Direct Bank In Recon.
  • Redemption Recon, Omnibus vs Payout Recon & Proceeds Stamping Recon.
  • Perform Daily Cash Account Summary Reconciliations.
  • Prepare Monthly Reviewed Recon for Subscriptions, Redemption, and Cash Account.
  • Bonds holdings for iFAST vs SCB Custodian Bank.
  • Perform Daily Stocks Trading Settlement, Fee Settlement, Corporate Action Settlement, and stocks trading related bank reconciliations.
  • Generate SQL of client cash holdings for interest and compare TW vs Bank level.
  • Prepare Insurance rebate and do payout to clients.
  • Monitor and follow up with CSE for the client unclaimed monies in collection account and issue letter for cheque image request from the bank.
  • Prepare for SC Reporting.
  • Handle enquiries from inter-departments and external parties like bank, FH, BURSA and counterparty.

Requirements :

  • At least Degree level is required.
  • Responsible and committed with 'Can Do' attitude.
  • Able to meet the cut off time given with sense of urgency.
  • Meticulous and detailed person.
  • Sensitive with the numbering or good result in mathematics subject.
  • Team player and helpful.
  • Preferably advance in SQL, Microsoft Excel and Word.
  • Bumiputera are encouraged to apply.

Applicants are invited to send us a comprehensive resume with the following details via "Apply Now" button with:

  • Qualifications
  • Skills
  • Working Experience
  • Expected Salary

All applications will be treated in strict confidence. We regret that only shortlisted applicants will be notified.

Note:Job responsibilities / requirements are representative and are not intended to be a detailed list. Other tasks/abilities may be required of the incumbent, relative to the specific assignment.

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