Serving You Since 1975

Executive, Trade and Settlement

About the Role:

We are seeking a detail-oriented and proactive Trade & Settlement Executive to join our operations team. In this role, you will be responsible for processing general Trade & Settlement tasks for the Unit Trust product, with a focus on products made available to High Net Worth (HNW) Accredited Investors. Your role will include covering the life cycle of AI product onboarding, trade placement as well as post trade activities, including maintenance of product information, ensuring smooth customer journey for the clients.

Key Responsibilities:

Product Onboarding

  • Coordinate with fund houses, custodians, and product teams to gather necessary documentation for the onboarding and setup of new Unit Trust and VCC products onto internal systems and platforms.
  • Ensure operational readiness, including system configuration, tranche maintenance, trade routing, and settlement setup.
  • Ensure product offering complies with regulatory requirements (restricted schemes registration) and other internal policies and controls

Trade Processing & Settlement

  • Execute, confirm, and settle trades in UT products with accuracy and timeliness with a focus on monitoring the non-uniform timelines for AI products and all relevant follow ups.
  • Coordinate with internal and external parties (Middle Office, Fund Administrators) to manage trade life cycle events.
  • Monitor settlement timelines, cash flows, and resolve trade discrepancies promptly.

Corporate action monitoring and processing

  • Monitor corporate action events and preparation of documents. Eg Proxy for AGM
  • Timely processing of dividend payment accordingly to client’s investment holding periods and subscription tranches

Reconciliation

  • Track and reconcile trade confirmations, NAVs, and custodial positions.
  • Ensure up to date information on AI product fund NAVs

Regulatory & Product Knowledge

  • Stay informed about regulations related to UTs, VCCs, and accredited investor servicing.
  • Understand product features, liquidity terms, settlement cycles, and operational considerations of UT and VCC structures.

Qualifications & Experience:

  • Degree, engineering of finance related background preferred
  • 2 years of relevant experience in trade settlement and operations within Wealth Management preferred. Fresh Graduates are welcome to apply
  • Familiarity with the Accredited Investor and VCC structures framework preferred.

Skills & Competencies:

  • Strong attention to detail and organizational skills.
  • High degree of accuracy required
  • Able to manage multiple product onboarding and daily trade operations simultaneously.
  • Effective communicator with internal and external stakeholders.
  • Proficient in Microsoft Excel

If you are looking for an environment of growth and opportunities, please send a cover letter with your resume, stating the position applied, present and expected salaries to recruitment@phillip.com.sg

We regret that only shortlisted candidates will be notified.

Brought to you by Phillip Securities Pte Ltd (A member of PhillipCapital)