I. Job Summary
Responsible for the execution of securities and cash settlement instructions of trust transactions, summarizing and balancing all Trust Services Group's daily settlement transactions to ensure accurate accounting of trust fund movements in the Trust System.
Includes monitoring and controlling the processing, recording, and monitoring of receipts and disbursements for investment/divestment of funds, deposits, withdrawals, and other transactions of the TSG.
Responsible for receiving, releasing, controlling, and safekeeping all incoming and outgoing securities from and to counterparties, borrowers, and issuers. Conducts signature verification of accounts for withdrawal and redemption.
II. Duties and Responsibilities
- Verifies and confirms balances of traded transactions with counterparties.
- Reviews and checks the completeness of advices and transaction documents submitted by different units.
- Ensures that all entries recorded in the settlement module of the system are properly supported by authenticated and validated documents.
- Balances receipts and disbursements against transaction documents.
- Facilitates the preparation/generation, approval, and release of implementing documents pertaining to transactions recorded in the Trust System module within the prescribed cut-off time.
- Analyzes and recommends solutions to problems encountered in settlement transactions.
- Coordinates and reconciles with other divisions and branches in identifying causes of float items and reconciling items concerning entries prepared.
- Generates and prints Confirmations of Investment and submits them to the respective Marketing Officer (MO) or sends them to clients.
- Generates and prints Confirmations of Participation and submits them to the respective Marketing Officer (MO) or sends them to clients.
- Facilitates the preparation/generation, approval, and release of implementing documents pertaining to transactions recorded in the Trust System module within the prescribed cut-off time.
- Analyzes and recommends solutions to problems encountered in settlement transactions.
- Coordinates and reconciles with other divisions and branches in identifying causes of float items and reconciling items concerning entries prepared.
- Generates and prints Confirmations of Investment and submits them to the respective Marketing Officer (MO) or sends them to clients.
- Generates and prints Confirmations of Participation and submits them to the respective Marketing Officer (MO) or sends them to clients.
- Accepts cash, checks, and other cash items involving the funding of approved trust transactions, such as loan payments, stock transactions, trust fees, cash dividends, and deposits to trust accounts.
