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Operations
This section contains all our operations jobs in financial services firms.
In contrast to the people working in the front office of an investment bank, in fund management, or an alternative investment house, operational finance professionals don't liaise with clients to generate revenues and profits for the bank. Instead, the operations division plays a support role within an organisation. Operations professionals support people and deal flows in the front office to make sure everything runs smoothly and the bank gets paid.
The main function of an operations job is clearing and settling trades. Clearing trades involves making sure that the records one bank has kept of the sale of a financial security match those of the bank or organisation it sold the security to. In most cases, simple trades are cleared automatically through large electronic systems such as the Brussels-based Euroclear.
Settlements professionals ensure that stocks or shares bought and sold by the bank's traders are exchanged for the correct amount of money. The main role of a settlement professional is the processing and controlling of transactions, which entails matching instructions with counterparties, and arranging and monitoring payments.
Settlements can range from preparing the documentation required for a sale to making sure the bank has been paid for all the shares it has sold and bought. Settlements professionals also resolve any problems with counterparties if they arise, and they review unsettled trades to ensure timely completion. Knowledge of systems such as CCASS, DCCASS and SWIFT, and Euroclear/Clearstream is expected for many jobs.
Most operations sector jobs now also involve intervening when electronic systems fail (so-called 'exceptions'), since financial services operations are becoming increasingly automated. Devising new ways of making technology systems and operations processes work more efficiently is also part of the role.
Dealing with the "exceptions" takes a large proportion of clearing and settlements junior staff time. It is their responsibility to work out what went wrong. Low cost centres in locations such as Mumbai or the Philippines are a popular choice for simple clearing and settlements work.
Closer to the trading floor is the role of the trade support officer. This can cover a whole range of different asset classes, from equities and bonds to commodities or derivatives. It is the duty of trade support officers to deal with any queries a trader might have - everything from reconciliation issues to any discrepancies between the various counterparties involved in the trades.
Advanced operations jobs higher up the hierarchy are more strategic in nature. Operations departments employ a lot of project managers and business analysts who look at, for example, ways of streamlining the exceptions process, or working with off-shored teams to determine how to make processes work more efficiently and (further) reduce costs.
There is a demand for settlements professionals, not only in banks, but also in other sectors– hedge funds settlements professionals, for example, ensure trades are booked and reported to the prime broker/custodian.
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| Prime Brokerage Trade Support | Talent2 Hong Kong Competitive | Hong Kong SAR | 21 May 13 |
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A top tier bank is now looking for a prime brokerage operations candidate to join their team.
| DIRECTOR - INSPECTOR - COMMODITIES COLLATERAL MANAGEMENT | Hays Negotiable | Hong Kong SAR | 21 May 13 |
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EXPERIENCE IN COLLATERAL MANAGEMENT COMPANIES
| Client-On-Boarding Manager - Leading Private Bank | Ambition Hong Kong Attractive Salary | Hong Kong SAR | 21 May 13 |
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Opportunity to Develop Client on Boarding & Due Diligence (Private Bank) Specialisation....
| OFFICER/MANAGER TRANSFER AGENCY - GLOBAL BANKING | Hays Negotiable | Hong Kong SAR | 21 May 13 |
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EXPERITISE IN SECURITIES SERVICE
| Risk Specialist | Hays Negotiable | Hong Kong SAR | 21 May 13 |
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Our client is a well reputed bank operating globally and recognised as a place where employees enjoy a good wo...
| Senior Manager, Treasury operations | Talent2 Hong Kong Attractive | Hong Kong SAR | 21 May 13 |
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A leading Securities firm is looking for an experienced candidate with detailed knowledge of treasury operatio...
| Credit Approval Manager | Talent2 Hong Kong Attractive | Hong Kong SAR | 21 May 13 |
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A leading international bank is looking for a Credit Approval Manager.
| Operations Division, Private Wealth Management Client On-Boarding Associate - Hong Kong | Goldman Sachs Competitive | Hong Kong SAR | 21 May 13 |
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The Goldman Sachs Group is a leading global financial services firm providing investment banking, securities ...
| Operations Division, Securities Lending Operations - Settlements Analyst / Associate (Japanese speaking) - Hong Kong | Goldman Sachs Competitive | Hong Kong SAR | 21 May 13 |
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The Goldman Sachs Group is a leading global financial services firm providing investment banking, securities ...
| Vice President, Process Excellence | Next Level Search Attractive Remuneration Package | Hong Kong SAR | 21 May 13 |
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Our client, a reputable Global Private Bank with strong presence in Asia is looking for a dynamic and detail-o...
| Operations, Risk Management VP | Profile Search & Selection Bonus | Hong Kong SAR | 21 May 13 |
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Our client is a global leader in asset management who is currently looking for an Asia Head of Operational Ris...
| Head of Operations (Back office) - Commodity investment | Profile Search & Selection Negotiable | Hong Kong SAR | 21 May 13 |
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Seeking a Head of Operations - candidates with strong back office operations management experience withing ban...
| Associate Director - Senior Product Consultant | Moodys Annual | Hong Kong SAR | 21 May 13 |
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Our views matter.
| Risk Technology Consultant | Moodys Annual | Hong Kong SAR | 21 May 13 |
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Our views matter.
| Operational Process Improvement Consultant | ConnectedGroup Limited Competitive | Hong Kong SAR | 21 May 13 |
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This financial services MNC is in the midst of a reorganization. A huge emphasis has been placed on operationa...
| Strategic Operations SME | ConnectedGroup Limited Competitive | Hong Kong SAR | 21 May 13 |
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Operational process improvement and business transformation are key initiatives across the APAC insurance mark...
| Snr AML Officer - Top Tier Investment Bank | ConnectedGroup Limited Competitive | Hong Kong SAR | 21 May 13 |
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Opportunity for an immediate start***5+ month contract***Leading Bank offering investment banking, private ban...
| Hong Kong - Equity Derivative Trade Support | ConnectedGroup Limited comp | Hong Kong SAR | 21 May 13 |
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A key client of ConnectedGroup is looking to hire an Analyst and an AVP Trade Support specialist within their ...
| VP Trade Finance Operations (based in Singapore) | Global Search Partners (License No. 07S4014) Attractive remuneration and benefits | Hong Kong SAR | 21 May 13 |
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Our client is a major bank and is currently seeking an experienced and competent professional to lead its team
| Global Synthetic Equity (GSE)Trade Support | UBS AG Competitive | Hong Kong SAR | 21 May 13 |
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An exciting opportunity has arisen to join UBS as a Global Synthetic Equity (GSE)Trade Support.
| CIB - Settlement Operations Analyst - Hong Kong | JPMorgan Chase Not Specified | Hong Kong SAR | 20 May 13 |
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About J.P. Morgan Corporate & Investment Bank J.P. Morgan''s Corporate & Investment Bank is a global leader...
| Senior Manager - Operational Risk | Morgan McKinley Negotiable | Hong Kong SAR | 20 May 13 |
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An exciting and newly created opportunity facing the global market business.
| Compliance Surveillance and Monitoring | Morgan McKinley Negotiable | Hong Kong SAR | 20 May 13 |
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Our client is a leading banking organization that is seeking an experienced financial services professionl to ...
| Operation Director | Reed Specialist Recruitment Hong Kong HK$90K - 120K | Hong Kong SAR | 20 May 13 |
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Our client is a Global Financial Institution has already established a strong presence across the Asia Pacific...
| CIB - Settlement Operations Officer - Associate - Hong Kong | JPMorgan Chase Not Specified | Hong Kong SAR | 20 May 13 |
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About J.P. Morgan Corporate & Investment Bank J.P. Morgan''s Corporate & Investment Bank is a global leader a...
| CIB - Senior Fund Accountant - Associate - Hong Kong | JPMorgan Chase Not Specified | Hong Kong SAR | 20 May 13 |
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About J.P. Morgan Corporate & Investment Bank J.P. Morgan''s Corporate & Investment Bank (CIB) is a global ...
| VP Project Manager, Operations | Sovereign Search Excellent | Hong Kong SAR | 20 May 13 |
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Our client is a global Investment Bank seeking a highly skilled Project Manager to improve its operational eff...
| Vice President – Cash Prime Brokerage Operations | Sovereign Search One Million Plus | Hong Kong SAR | 20 May 13 |
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Excellent opportunity to join a great firm managing the Prime Brokerage Middle Office Team
| Project Finance Agency & Transaction Manager - Clean Energy | Huxley Associates HKD500000 - HKD700000 per annum | Hong Kong SAR | 20 May 13 |
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This is an opportunity to really progress your career and step up into risk management, this is not a pre requ...
| Client Services Manager | Talent2 Hong Kong Attractive | Hong Kong SAR | 20 May 13 |
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Our client is a leading asset management service company that offers a wide range of funds to investors and cu...
