Associate, Securities Back Office**

Vacancy details

General information

Entity

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world.
Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade.
The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.


For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/

By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.   

Reference

2024-93285  

Update date

18/10/2024

Job description

Business type

Types of Jobs - Operations

Job title

Associate, Securities Back Office**

Contract type

Permanent Contract

Job summary

**This position will be under the Employee Referral Program in Hong Kong.

 

Summary
The Back Offices (CMB) provides operational services to multiple CA-CIB sites including Europe and Asia for all Capital Markets transaction including FX, MM, Derivatives, Structured trades and Fixed Income activities.

 

This role is to facilitate and smooth out the booking, processing, confirmation and settlement of bonds related products booked in Paris as well as those booked in Asia with special attention to key client accounts.

 

Key Responsibilities

  • Manage the full processing cycle of bond trades and payments which includes communication, booking, confirmation, reconciliation and settlement
  • Ensure that daily transactions are processed timely and settled smoothly and efficiently.
  • Process the custody service by checking and maintaining the cash movement of the custodian account and assist to investigate if any discrepancy
  • Recommend on enhancements to ensure the effectiveness in transaction processing and settlement.
  • Keep abreast of special events and special trades
  • Ensure deal booking, payments and confirmations are in compliance with local regulations and the internal policy.
  • Perform 2nd level of checking / validation
  • Communicate with clients or counterparts regarding confirmations, matching, and settlement issues.
  • Monitor and follow-up on breaks and discrepancies appeared in system platforms
  • Conduct study, investigation or other ad-hoc assignments as directed by the team head
  • Proactive and responsive to discrepancy or disagreement issues and active participation in driving towards best possible resolution
  • Provide management with information on unusual booking and settlement matters
  • Handle new products and establish the procedures
  • Engages in direct customer contact to ensure quality and timely services in transactions processing and inquiries are provided
  • Handle daily reporting for internal control
  • Assist Head of Back Office / Line manager to carry out common projects / global initiatives
  • Assist in system enhancement and responsible for UAT testing
  • Provide support on HK holidays when other financial markets are open where we have business activities
  • Controls
    • Point of contact for Trading and Sales team for complex queries/amendments.
    • Monitor the end of day checks in all related systems
    • Inform management of any new request and process change
    • Escalate without delay any unusual activity identified
    • Procedures are updated with current processes

 

Personal data provided by job applicants will be used strictly in accordance with the employer’s personal data policies, a copy of which will be provided immediately upon request.

 

La version française est disponible sur demande à votre RH locale

Position location

Geographical area

Asia, Hong Kong

City

HONG KONG

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

  • Degree preferably in a Finance or Economics

Level of minimal experience

6-10 years

Experience

  • At least 4-6 years’ relevant experience in bonds processing
  • Solid experience/knowledge on China Bond market, CCDC/SHCH/Bond Connect/CMBM

Required skills

  • Good understanding and knowledge of the processing mechanism of Bonds and Repo and ICSD/CSD like ClearStream, CMU and EuroClear
  • Good understanding in financial products and the operational risks involved in Bond products
  • Good hands-on knowledge in SWIFT, CMU, Clearstream/ Euroclear and related operations
  • In-depth knowledge of financial products settlement life cycle and the markets where they are traded
  • A very good knowledge of Bond Connect & CIBM processes will be beneficial
  • Good analytical, organizational and interpersonal skill
  • Able to work independently with minimal supervision
  • Good judgment, alertness and common sense
  • Good analytical, organizational and interpersonal skill
  • Hard-working, comfortable with multi-tasking and able to work under pressure
  • Proficiency in Microsoft Excel, Word and other PC applications
  • Good critical thinking and problem solving
  • Responsible, self-initiative, attentive to details & hardworking
  • Motivated
  • Dynamic/ Proactive
  • Good communicator
  • High adaptability
  • Innovative
  • Team Oriented

Languages

Fluency in English – Mandarin and French are a plus