Chief Supervisor-Clearing & Settlement (225-729)

The Chief Supervisor of Clearing & Settlement plays a vital role in the financial operations of a company by overseeing the clearing and settlement processes of transactions. This position requires a person with strong leadership, analytical, and problem-solving skills, as they are responsible for ensuring that all financial transactions are processed accurately and efficiently within stipulated timelines. A Chief Supervisor must also maintain a keen awareness of regulatory requirements and industry standards to ensure compliance at all times. The role demands coordination with multiple departments to optimize workflows and implement best practices for process improvement. Candidates with a deep understanding of market structures, clearing mechanisms, and settlement cycles will excel in this position. This is a strategic role that also involves providing insights and guidance to improve overall operational efficiency.

Responsibilities

• Supervise the clearing and settlement operations to ensure efficient transaction processing.
• Review and improve existing clearing and settlement workflows for enhanced efficiency.
• Ensure all compliance and regulatory requirements are met within transaction processes.
• Coordinate with internal teams and external parties to ensure seamless clearing operations.
• Monitor and analyze transaction data for accuracy and compliance with industry standards.
• Lead the development and implementation of new software solutions for transaction settlement.
• Provide leadership and training to junior staff members in clearing and settlement tasks.
• Develop and maintain detailed reports on operational efficiency and effectiveness.
• Handle any escalations related to clearing and settlement discrepancies or issues.
• Stay updated with the latest trends and best practices in financial transactions and settlements.
• Conduct regular audits of clearing and settlement processes to identify and mitigate risks.
• Communicate and collaborate with regulatory bodies to ensure compliance and risk management.

Requirements

• Bachelor’s degree in finance, business administration, or a related field.
• Proven experience in clearing and settlement operations within the financial sector.
• Strong understanding of financial markets, transaction cycles, and regulatory standards.
• Excellent leadership and team management skills to drive operational success.
• Strong analytical and problem-solving capabilities for effective decision-making.
• Proficiency in using financial software and tools relevant to clearing operations.
• Excellent communication skills for interaction with teams and regulatory bodies.