Officer

The Role Responsibilities

Processes

• Organise and supervise the execution of settlement activities for local equities as required and work closely with external parties such as counterparties to meet clients' needs.
• Work closely with sales and other team and other divisions of the Bank such as Payment
• Centre. C&L3, etc. for funding requirement and other operating requirements to ensure high clients service levels.
• Resolve all problematic transactions on operations and proactively work closely with internal & external parties such as counterparties and the central depository to pre-empt potential service level issues.
• Guide and motivate the team to be effective. Including crewing of resources to support other area of Operations.
• Ensure the settlement operations are running in accordance with the rules laid down in the Departmental Operating Instructions Manual at all times.
• To ensure that settlement activities are adequacy processed and complied with the
• requirement of the Securities and Futures Ordinance effected on 1 April 2003.
• Manage and avoid risks to client. Bank / Group by ensuring prompt and accurate reporting to clients / management, timely rectification and / or monitoring of any discrepancies including shares rejection.
• Motivate, train and develop staff to achieve high quality service to clients and avoid errors.
• Comply with the Money Laundering Prevention Procedures and be alert at all times to unusual or possibly suspicious customer's activities.
• Report any suspicious activity to the respective Unit Money Laundering Prevention Office and the line manager as well as Country Money Laundering Prevention Officer if considered necessary.