Officer, Remittance and Settlement

About Dah Sing Group
The Dah Sing Group is a leading financial services group in Hong Kong offering banking, insurance, financial and other related services through its growing network of over 70 branches in Hong Kong, Macau and Mainland China.
Our currency is caring, teamwork and progressiveness. We accept that everyone is unique and different in talent, but alike in the capacity for growth. Our task is to shape a culture that creates a sense of pride in achieving something beyond just a job, and an environment where you can be your true and authentic self, like at home.

You will be responsible for managing daily processing of derivatives operations.

Main Responsibilities:

• Perform daily settlement processing for the following products:
  • Plan vanilla option, barrier option, exotic option with features including but not limited to participating forward, target redemption, FX accumulator and/or decumulator
  • Equity option, equity accumulator and decumulator
  • Interest rate Futures linked products
  • Structure deposit including but not limited to Interest rate linked deposit, Currency Linked Premium Deposit and Equity Linked Deposit
• Reconcile trade input against counterparty's trade record to ensure correctness of trade booking
• Follow up with traders and counterparties in case of any trade booking issues
• Prepare trade confirmations and settlement instructions for Derivatives products
• Input trades at middleware systems for in-scope OTC derivatives products
• Manage trade confirmation matching electronically and manually as well as handle exceptions if any
• Prepare or review transaction reporting files for HK trade repository regulatory reporting
• Manage premium payment for interest payment for derivatives products
• Perform account reconciliation, position reconciliation to ensure accuracy and rectify breaks if any
• Handle post trade event processing (including but not limited to rate fixing, option expiry/exercise, knock-in or knock-out events) for Derivatives products
• Prepare day-end control reports for completeness check
• Participate in user acceptance tests or system enhancement projects in relation to Settlement or new product development

Incumbent Requirements:

• Degree holder in Banking / Business Administration / Finance/ Management
• At least 2 to 3 years of relevant experience in Banking industry or financial institution is preferred
• Experiences in settlement systems usage including SWIFT, RTGS, MarkitWire, Kondor, OPICS, HKTR is preferred
• Strong communication, interpersonal, people management and analytical skills
• Mature and able to work independently and under pressure
• Innovative and self-initiative
• Good command of spoken and written English and Chinese
• Candidate with the qualification of Certified Banker is an advantage

Please note that only shortlisted candidates will be notified.