Overview
Group Wealth Operations
Description
We are seeking a team member to join our Front Office Support Services (FOSS) function. The incumbent will process corporate actions.
Responsibilities:
Processing
• Process corporate actions, including authorization of corporate actions events in T24 which include but not limited to :
– Dividend, Rights, Bonus issue, Split, Cash and Exchange Offer
– Annual / Extraordinary meeting
– Adhoc Asset Servicing Assignments (eg. Tailored Corporate Action Handling)
• To ensure compliance to BOS/OCBC standards and guideline within the area of responsibilities, where applicable.
• Perform reconciliation of cash/securities, to investigate and close reconciliation breaks timely.
Control
• Perform End of Day control checks and ensure BAU task are completed
• Act as a control unit and be able to identify risk issues while interacting with Front office
• Ensure that exception processing is completed exactly according to the conditions set in the approval
• Perform an end of day review to ensure tasks are completed by signing off on the end of day checklist
Query Management
• Ensure all queries from Business is resolved within expected timeframe or escalated to the correct parties
Change Management
• Identify control gaps and work with team to review process efficiency and deliver improvements
• Participate in projects as and when required
Qualifications
· 2 to 4 years of experience in Private Bank Operations especially in the area of Corporate action
· Tertiary education with a good academic track record.
· Good knowledge of Microsoft Office.
· Fluency in English is essential.
· Clear written & verbal communication skills with all levels of staff
· Client-oriented mindset
· Meticulous and good team player
· Ability to work independently & drive initiatives forward until delivery.
· Ability to work effectively with both Front Office and Support staff, at all levels.
· Ability to work & deliver under time pressure
· Proactive in identifying any process gaps, providing or suggesting solutions to improve productivity
· Ability to perform ad-hoc system testing
Primary Location
: Singapore
Job
: Operations Admin
Organization
: Group Wealth Operations
Schedule
: Permanent
Job Posting
: 15-Jan-2025, 11:01:32 AM
About OCBC Bank
OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.
OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.
OCBC's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
