Executive, Operations (Derivatives)

Reporting to: Head of Operations

The duties of the Executive, Operations include but not limited to the following:

Settlement Team:

1. Ensures settlement functions are carried out on a timely, accurate and efficient manner;
2. Ensures clients’ deposit are updated in trading platform and Back Office system correctly;
3. Process funds withdrawal request from clients and ensure the transactions are accounted in trading platform and BackOffice system immediately;
4. Process currency conversion for clients to cover clients’ margin deficit;
5. Manage funds in bank segregated accounts and funds in Bursa and foreign broker;
6. Ensure daily transactions and journal entries are properly recorded in BackOffice system;
7. Performs reconciliation for daily trades confirmation for BURSA & foreign product and open positions;
8. Performs daily and monthly bank reconciliations;
9. Monitors clients’ movement of fund and raises internal report to compliance officer immediately on any suspicious transaction;
10. Monitors dormant accounts’ activities by reviewing exception reports from BackOffice system and raises internal report to compliance officer immediately on any suspicious transaction;
11. Prepares daily and monthly reports as requested by the management
12. To undertake any assignments as required by superior and management;

Credit Control Team:

1. Monitors clients’ positions via the Risk Management System;
2. Prepares aging report for the aging of margin call;
3. Monitors margin call and notifies CMSRL of client’s position as required;
4. Monitors on clients’ Eligibility Level (“EL”) and informs the Dealers to advise the clients to liquidate or top up funds immediately when the EL falls below the benchmark of 30%;
5. Monitors each client’s open position to ensure clients trade within the permitted position limit;
6. Informs CMSRLs / Locals whose open position has breached the position limit and advises to liquidate the excess positions immediately;
7. Monitors and reports immediately to Compliance on any daily irregular trading activities;
8. Process new account opening for retail and corporate;
9. Prepare and report position limits (if applicable) to exchanges;
10. Prepare promotion rebate table / report for latest or on-going promotion offered;
11. Conduct testing for system enhancement / new product launch;
12. Prepare monthly report

If you are interested to apply, please contact the person in charge:

• Erin Tan – siewling.tan@phillipcapital.com.my