Senior Settlement Officer

About BIT:

BIT (formerly Matrixport) is a global digital asset financial services and infrastructure group. Headquartered in Singapore and founded in 2019, BIT bridges traditional finance and digital assets through governance-driven financial services and technology.

The firm manages over US$7 billion in assets and facilitates more than US$7 billion in monthly trading volume. BIT offers services including custody, trading, asset and wealth management, liquidity and financing solutions, and tokenised real-world assets (RWA), serving institutional and professional investors globally.

BIT Group entities maintain a licensed and regulated footprint across Singapore, Hong Kong, Switzerland, the United Kingdom, the United States and Bhutan.

For more information, visit www.bit.com

Why Join Us:

At BIT, we tackle complex problems as a team. We encourage openness and promote transparency, respect, and inclusivity. Every team member is valued and has a voice that can be heard. We are always in search of intellectually curious and entrepreneurial individuals who are keen on making an impact in the crypto ecosystem and in building a better product for the next one billion users.

Job Responsibilities:

• Process daily clearing and settlement for US equity options, including handling exercise, expiration, and exception events.

• Handle settlement for margin accounts and securities lending/borrowing transactions, including interest reconciliation and margin call coordination.

• Manage Free of Payment (FOP) account transfers, tracking progress and liaising with clients and counterparty brokers to ensure timely completion.

• Process US equity corporate action events including dividends, stock splits, rights issues, and mergers, ensuring accurate client entitlement allocation.

• Execute daily end-of-day procedures for the clearing system, reconciling positions and cash balances to ensure data integrity before market open.

• Independently identify and investigate settlement exceptions; proactively drive SOP updates and workflow improvements to reduce operational risk.

• Collaborate closely with Client Services, Compliance, Risk, and Technology teams to support product launches, regulatory reporting, and ad hoc projects.

Job Requirements:

• 3+ years of experience in US equities clearing and settlement; familiar with DTC / NSCC / OCC clearing frameworks.

• Solid knowledge of settlement processes for US equity options and margin/securities lending products.

• Hands-on experience handling FOP transfers and corporate actions independently.

• Strong analytical skills with the ability to independently investigate and resolve settlement exceptions.

• Good bilingual communication skills (English & Chinese); ability to liaise effectively with overseas custodians and partners.

• Detail-oriented and accurate under time pressure; comfortable working across time zones.

Preferred:

• Background in an online broker or fintech company.

• Experience writing SOPs or delivering process improvement initiatives.

• Proficiency in SQL or Excel for independent reconciliation and data analysis.

By submitting a job application, you confirm that you have read and agree to our Candidate Privacy Policy.