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Custody Associate (Operation Services)

The incumbent will process securities trades, settlement and custody related transactions in accordance with the customers’ instructions following Bank’s procedures, policy guidelines, standards, and regulatory requirements.

Job Duties 
Include but are not limited to:

Securities Settlement Processing
  • Review customer instructions and compare to settlements received in Central Depositories’ respective systems
  • Report to supervisor of any unusual activities, special cases and /or disputes
  • Conduct accurate and timely daily reconciliation including but not limited to securities holding, corporate actions, tax withholding, and customer reports etc.
  • Prepare scheduled and ad-hoc reports

Asset Servicing for Clients’ Holdings
  • Conduct review of customer entitlements prior to crediting of customer accounts with corporate action s funds/securities
  • Conduct daily reconciliation including but not limited to securities holding, corporate actions, tax withholding, and customer reports

Client Reports/Invoices Preparation
  • Prepare various daily, monthly and ad-hoc reports for clients/management
  • Prepare customer invoices timely for payments due

Risk and Compliance Management
  • Prepare counter party and issue list for OFAC screening
  • Escalate suspicious transaction to Legal & Compliance Department
  • Understand and comply with Bank’s procedures, policies, standards, and regulatory requirements
  • Update internal procedures to reflect current workflow processes and regulatory compliance updates
  • Respond to audit requests and Had Office requests timely and assist with remediation of any audit issue findings


Job Requirements:
  • Bachelor’s Degree in Accounting, Finance, Economics or other Business related majors is required
  • 1 year of back-office or client service experience in banking or securities industry is preferred
  • Bilingual capability in Mandarin is highly preferred