The Equities Operations team is part of the wider global Corporate Operations Group and supports the Equities trading business in Macquarie Capital. The team is responsible for handling post-trade life cycle controls for equities trading in global markets including trade allocation, booking, settlement, funding, reconciliation, and client management. The team works in close collaboration with other departments across Corporate Operations, Front Office, Finance and Risk and work closely with external clients and vendors.
About the role
In this role, you will be part of the Equities Operations team based in Seoul, Korea and will assume a key role supporting Macquarie Capital trading in Korean markets, with primary focus on supporting the cash equities business. The role requires close interaction with the trading desks, international and onshore Korean clients, and external brokers to manage pre-matching and settlement of client trading. You will also be responsible for helping drive efficiencies and process enhancements in the day-day process and support change initiatives as a subject matter expert.
Do note, as the role requires interaction with Korean clients, there is a requirement for business level Korean language skills.
Key responsibilities of this role will include:
- Complete and accurately capture all bookings and transactions upon execution in market.
- To proactively follow up trade mismatches and assist with potential and fail settlements.
- Manage the pre-matching and settlement of Korean equities trades on timely basis on behalf of Macquarie Capital and its clients.
- Resolve trade exceptions on timely basis while identifying and rectifying root causes.
- Work closely with brokers, domestic Korean and international clients to manage queries and issues on a timely manner.
- Manage escalation of potential issues or incidents to key stakeholders
- Perform post short sell management reporting to local regulators.
- Maintain daily reconciliations and critical tasks, assist with resolution of trade discrepancies.
- Support transformation of processes to enhance controls, efficiencies, client experience and comply with market changes.
- Fulfill UAT(User Access Test) derived from upcoming Korean market changes – LEI adoption, T+1 settlement etc.
- Participate in automation projects aiming to improve process efficiency as well as minimizing risks through Excel macro, Alteryx and programming.
You will have a strong knowledge of post trade equities operations in either a middle office or settlements capacity and a strong understanding of control and risk frameworks within banking operations. You are someone who can drive and manage change to successful outcomes and can demonstrate experience in managing stakeholders. You have excellent communication skills and can navigate challenging scenarios and demonstrate ability to identify solutions.
About the Corporate Operations Group
The Corporate Operations Group brings together specialist support services in Digital Transformation & Data, Technology, Operations, Human Resources, Business Services, Corporate Strategy & Solutions, and the Macquarie Group Foundation. We deliver service excellence to ensure Macquarie is open for business, deliver on transformational change, invest in our people and have deep relationships with our customers.
Our commitment to Diversity, Equity and Inclusion
The diversity of our people is one of our greatest strengths. An inclusive and equitable environment enables us to deliver innovative and sustainable outcomes for our people, clients, shareholders and communities. From day one, you'll be encouraged to be yourself and supported to perform at your best. If our purpose of ‘empowering people to innovate and invest for a better future’ is as inspiring to you as it is to us, please apply. With the right technology, support and resources, our people can work in a range of flexible ways.
We are committed to providing a working environment that embraces and values diversity, equity and inclusion. We encourage candidates to speak with a member of our recruitment team if you require adjustments to our recruitment process to support you, and the type of working arrangements that would help you thrive.
About Macquarie
A career at Macquarie means you’ll have the opportunity to develop and utilise new skills, explore interesting fields and do challenging work that will impact the lives of people around the world—whether it’s accelerating the green energy transition, helping sustain global food supplies, financing social housing projects or investing in essential infrastructure. At Macquarie, we’re empowering people to innovate and invest for a better future.
Our size and international presence means your work can take you anywhere—across business groups, disciplines, sectors and borders. With 19,200+ employees and offices in 34 markets around the world, we’re a truly global organisation.
You’ll be supported by a diverse team where the unique perspectives, ideas and experiences that all of our people bring are valued. You’ll be empowered to address unmet needs in our communities whilst advising and investing alongside our clients and partners. Working with us, you’ll have the opportunity to make a difference.
Macquarie is a global financial group providing clients with asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advisory, capital raising and principal investment.
Work type: Permanent - Full time
Location: Seoul
Category: Junior, Operations
Group: Corporate Operations Group
Division: Operations
Recruiter: Neil Mehaffey
Opening Date: 16/5/2023
