Custody Operations & Settlement Officer (Wholesale Bank)

Responsibilities 1. Account Opening & Client Setup Support custody clients in opening cash and securities custody accounts Coordinate with internal operations teams to ensure smooth onboarding and account setup 2. Daily Settlement Operations Execute and monitor client settlement instructions across multi-currency custody accounts Process payment and remittance instructions, liaising with internal operations teams for timely execution Perform end-of-day (EOD) reconciliation of cash and securities positions, investigate and resolve breaks Maintain accurate transaction records across internal clearing and custody systems 3. Valuation & NAV Operations Perform daily NAV calculation, validation, and exception review for custody portfolios Process corporate actions including dividends, stock splits, and related accounting entries Maintain pricing data sources and ensure accuracy of market and reference data inputs 4. Process Improvement & System Support Support enhancement of SWIFT MT/MX messaging workflows and operational efficiency initiatives Participate in system connectivity testing, including basic financial infrastructure integrations Support automation and process optimisation projects within custody operations 5. Compliance & Reporting Support Monitor settlement fails and prepare exception analysis reports Support MAS regulatory reporting requirements related to custody and settlement activities Assist in preparation of periodic client and regulatory reports (quarterly / annual submissions) 📌 Requirements Bachelor’s degree or above in Finance, Economics, Accounting or related disciplines Minimum 3 years of experience in custody operations, securities settlement, or fund valuation roles Strong understanding of custody operations, settlement lifecycle, and corporate actions Experience in custodian banks, broker-dealers, or fund administration back-office is highly preferred Familiarity with SWIFT messaging (MT/MX) and settlement systems is an advantage Strong attention to detail, analytical skills, and ability to work under tight deadlines Good communication skills and ability to coordinate across multiple stakeholders