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The Security Processing Officer is responsible for ensuring accurate and timely processing and settlement of financial transactions including securities, precious metals, and cash while maintaining regulatory compliance and minimizing operational risk.
Job Responsibility
Participates in all activities related to the processing and settlement of securities operations with third party broker, our Execution desk
Ensure timely matching and confirmation of trades with counterparties and custodians
Ensure the accuracy, timeliness and completeness of all transactions, monitor trading activity on the various OMS used within the bank (manual interventions, updates, cancellation , follow up of dashboards, validations, reco), the follow-up of the payment subscription, the reimbursements
Monitor foreign exchange operations linked to securities transactions
Follow up of failed transactions, liaise with custodians, counterparties, to resolve settlement issues and ensure smooth transaction flow and justify all pending trades
Establish good contacts with other departments that play a role in the securities lifecycle: front and middle offices, corporate actions and income departments, tax department
Identify and escalate risks or operational issues
Reconcile positions in case of breaks by identifying discrepancies between internal and external records, investigating root causes, and ensuring timely resolution to maintain data integrity and minimize operational risk
Management of the securities database depending on the working entity
Contribute to process improvements and operational efficiency
Versatility to reinforce teams within the whole Securities Pillar during high activity periods