about the company.
Our client is a well-established corporate bank, specializing in corporate lending, structured finance, syndicated facilities, and treasury operations.
about the role.
We are seeking a meticulous and highly capable Settlements Officer to independently manage the day-to-day settlement activities for our Treasury, Corporate Loan, and Corporate Expense transactions. This role requires a strong technical grasp of payment networks, cash positioning, and system migrations. The ideal candidate will act as a subject matter expert, ensuring flawless execution while driving process automation.
1. End-to-End Settlement & Payment Execution
... - Independently manage daily settlement workflows for Treasury products including Money Markets (MM), Foreign Exchange (FX), Negotiable Certificates of Deposit (NCD), Bonds, and Treasury Bills.
- Process and execute complex corporate and syndicated Loan Drawdowns.
- Oversee and execute operational and corporate expense transactions accurately.
- Utilize SWIFT and various institutional e-banking platforms to execute high-value payments in strict compliance with internal guidelines and MAS regulatory standards.
- Provide expert guidance and technical clarity to Settlements Approvers (Checkers) to facilitate seamless approvals and minimize operational bottlenecks.
2. Liquidity & Cash Management
- Monitor and manage Nostro account reconciliations and real-time cash positioning to ensure funding adequacy across currencies.
- Proactively mitigate settlement and liquidity risks by identifying and resolving funding gaps before market cut-offs.
- Act as the primary liaison with external counterparty banks, custodians, and internal stakeholders to resolve settlement breaks and lead payment investigations.
3. System Enhancements & Project Management
- Drive continuous process improvements and automation initiatives to optimize workflow efficiency and reduce operational risk.
- Support ongoing system enhancements for core treasury and payment platforms.
- Play an active operational role in system projects, including User Acceptance Testing (UAT), system implementations, and standard migrations (e.g., ISO20022).
skills and experience required.
- Experience: At least 5 years of hands-on settlements experience within a Corporate Bank
- Product Expertise: Solid understanding of Treasury instruments (FX, MM, Fixed Income/Bonds/T-Bills) and Corporate Loan mechanics.
- Technical Skills:
- Advanced proficiency in SWIFT connectivity and payment formatting.
- Direct experience with ISO20022 messaging standards is highly advantageous.
- Experience handling UAT and core banking system implementations.
- Competencies: Strong problem-solving skills for payment investigations, high level of autonomy (ability to work with minimal supervision), and sharp attention to detail under tight deadlines.
Please click on the 'apply' button to apply online. For more information, please reach out to Judy Low.
(EA: 94C3609 / R22110790)
