head of settlement - securities firm.

Daily Operations & Multi-Asset Settlement

• Equities (HK & US): Oversee daily trade processing, clearing, and settlement for HK Equities (CCASS) and US Equities (DTC/BONY), ensuring strict adherence to T+2 and T+1 settlement cycles respectively.
• Derivatives (Options/Futures): Manage the clearing and margin operations for listed derivatives across major global exchanges (e.g., HKEX, CME, EUREX) via DCASS and clearing brokers.
• Fixed Income: Supervise the settlement of bonds and fixed-income products via Euroclear, Clearstream, and CMU.
• Funds & OTC Products: Oversee the subscription, redemption, and transfer of mutual funds, as well as trade matching, cash flow settlements, and collateral management for OTC products.
• Manage daily stock and cash reconciliations, corporate actions, and dividend entitlements across all asset classes.

Risk Management & Controls

• Monitor and resolve failed trades, trade discrepancies, and exception handling proactively to minimize market and operational risks.
• Ensure all settlement activities strictly comply with regulatory requirements (e.g., SFC rules, client money rules, exchange regulations) and internal risk policies.
• Manage counterparty risks and maintain strong relationships with prime brokers, custodians, clearing houses, and executing brokers.
• Design and implement robust Standard Operating Procedures (SOPs) and control frameworks to prevent operational errors.

Leadership & Team Development

• Lead, mentor, and develop a multi-asset settlement team, fostering a culture of accountability, accuracy, and continuous improvement.
• Optimize resource allocation, manage shift arrangements (e.g., to cover US market hours), and define team KPIs.
• Conduct regular performance reviews and provide cross-training to ensure team versatility across different asset classes.

System Enhancements & Strategic Projects

• Lead settlement-related projects, including system migrations, the rollout of new product lines, and the onboarding of new prime brokers or custodians.
• Drive digital transformation by identifying manual bottlenecks and implementing automation (RPA, system integrations) to achieve higher Straight-Through Processing (STP) rates.
• Act as the primary Operations stakeholder for internal systems testing (UAT) and operational readiness for market-wide changes (e.g., adapting to new clearing house rules).

• Experience: 10+ years of solid experience in settlement, clearing, or back-office operations within a brokerage, investment bank, or asset management firm, with at least 5 years in a managerial or leadership capacity.
• Product Knowledge: Deep, hands-on subject matter expertise across Equities, Listed Derivatives, Fixed Income, Funds, and OTC products.
• System Proficiency: Extensive knowledge of external clearing and settlement systems, including CCASS, DCASS, Euroclear, Clearstream, and DTC.
• Regulatory Knowledge: Strong understanding of Hong Kong SFC regulations (especially Client Money and Client Securities rules) and global settlement standards.
• Language Skills: Fluency in English and Chinese (Cantonese and Mandarin) is required to effectively communicate with global custodians, brokers, and internal stakeholders.