Operations Officer (Payment Processing and Fund Segregation)

Saxo Bank Overview – Japan Office

Saxo Bank headquartered at Denmark is an Investment Bank with specialization in Foreign Exchange, Stocks and Commodity trading. Saxo’s trading portal has global presence with connectivity to more than 20 stock exchanges world-wide. Widely recognized for their performance and features, Saxo Bank’s platforms have consistently won some of the industry’s most prestigious awards. Each platform – for the desktop, web and mobile devices – offers a unique trading experience and is designed to give clients an edge in today’s fast-paced markets.

Saxo Bank Securities, Japan has approximately 30+ employees who bring along rich experience from global banks and services companies. Being receptive to latest and emerging technologies, Saxo Bank provides a great playground for professionals with learning appetite and with aspiration to work in cutting edge technologies and Global Operations.

Saxo Bank Securities, Japan Operations team is responsible to either directly provide operation support to Saxo Bank Japan Clients or govern the global operation teams based out of India on all Back Office Operations supporting critical functions like Payments, Fund Segregation, Settlements, Corporate Actions, Reconciliation, Stock Transfer, Regulatory & Tax Reporting activities.

About the job

As an Operations Officer, you will be one of the key members of the Saxo Bank Securities, Japan – Core Operations and Product Governance team, and responsible for handling of the Payment Processing covering deposit, withdrawals as well as reconciliation. In addition, this role will also require the operations officer to directly support the fund segregation (collateral with the Trust Banks) process which requires directly liaising with the Trust Banks.

Payment processing involves handling of incoming deposits as Quick deposits/Instant funding as well as direct bank transfer made by the clients to their trading accounts. You will be also handling the fund transfer between Saxo Bank Securities Ltd. as Saxo Bank A/S.

This position provides an option to learn, grow and perform within one of the World’s leading online broker-banks. We are seeking a dynamic and sharp mind to support and drive the processes that cover daily, monthly, and annual fund segregation and payment processing requirements.

This role strictly demands regulatory compliance at all times and ensuring timely and accurate segregation of funds been held at the Trust Banks. You will be holding all necessary skills and certifications such as JSDA Sales Representative Class 1 and 2 that allows you to perform Payments and Fund Segregation activities.

You will be closely working with Head of Core Operations and Product Governance to ensure that regulatory compliance from fund segregation and payment processing perspective, along with supporting any regulatory, internal or accounting audits.

As a local reporting matrix in the Tokyo office, you will be part of Japan Core Operations and Product Governance department under the COO organization and will be reporting to Head of Core Operations and Product Governance, Japan.

Your profile

As a person you work in a structured manner and possess superb stakeholder management skills. You will strive in a high-paced, dynamic environment and can manage multiple pressing priorities. You take ownership and pride in delivering quality work on time providing a strong individual performance, however, enjoying and supporting the team environment.

You have minimum 4-5 years work experience preferably from the financial industry, online brokerage firms or consultancy firm in Japan – preferably with competences within Operations department and specifically handling of Payments Processing as well as Fund Segregation.

As an Operations officer and one of the key members of Core Operations team, be directly responsible following key responsibilities:

• Fund Segregation: Accurate maintenance and reporting of Trust Bank Collaterals on day to day basis ,   Addition of funds to the Trust Bank in the event of a shortage, Handling of renewal and cancellation Trust Bank contracts

• Payment Processing: Preparation Withdrawals data (zenegin) file, coordination with India Payment Processing team

• Payment Processing: Handling of Withdrawal rejections/reversal in case name mismatches or exceptions

• Payment Processing: Full check of quick deposit reconciliation and completion of missing data

• Payment Processing: Handling of Direct Bank Transfers (Regular Deposits)

• Payment Processing: Create a bank transfer requests

• Payment Processing: Handling fax returns of inaccurate bank data Email notifications to customers, re-engagements, and account returns

• Payment Processing: Confirmation of compliance with deposit management regulations, account balance check, in-house transfer, cover destination balance check, overseas destining, destination work

• Be responsible for fund transfer between Saxo Bank Securities Ltd. and Saxo Bank A/S, and as and when required liaise with Finance and accounting in the Japan office for any intra-company fund transfer activities

• Renewal of time deposits semi-annually

• Closely work with the Head of Core Operations and support annual internal as well as external audits concerning Trust Bank Fund Segregation, Payment Processing

• Continuously opt for STP based approach for all the daily, monthly, annual processes concerning payment processing and Fund segregation

Qualification

• A Bachelor’s degree is highly desired (Law, Commerce, Engg.)

• JSDA Sales Representative Level 1, Level 2 certified

• JSDA internal controls certifications

We get curious people invested in the world
 

When you work at Saxo, you become a Saxonian and part of a purpose-driven organisation, where good ideas are always taken seriously, and where you can make a true impact. We are invested in your development, and you can expect a robust career from day one when you join Saxo – no matter which role you take on.
 

You will join 2,500 other ambitious colleagues across 15 countries and become part of an international organisation. Working in Saxo, you will get to meet colleagues from many different cultures and backgrounds, and you should know that we value diversity and inclusion and see it as a genuine source of strength to drive growth, foster innovation and position us for long-term success. 
 
We encourage an open feedback culture and supportive team environments enabling employees to grow and fulfil their career aspirations.  

When you bring passion, curiosity, drive and team spirit, your learning journey will be dynamic and your career opportunities in Saxo will be immense.

At Saxo we don’t just offer a job – we offer an opportunity to invest in your future!  

How to apply :

Click here to create an account and upload your resume and a short motivation. We look forward to getting to know you better!