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Settlement Officer - Job Opportunity at Taiwan Cooperative Bank, Sydney Branch

Sydney, Australia
Full-time
Entry-level
Posted: July 14, 2025
On-site
AUD 58,000 - 60,000 per year

Benefits

Performance-based annual bonus structure providing additional compensation opportunities beyond base salary, demonstrating company investment in employee achievement
Merit-based performance bonuses offering direct financial rewards for exceptional work quality and productivity

Key Responsibilities

Execute sophisticated mark-to-market valuations for security investment portfolios and deliver comprehensive reporting to head office, directly impacting investment decision-making processes
Maintain operational excellence in deal confirmation accuracy and settlement processes, ensuring regulatory compliance and minimizing financial risk exposure
Generate detailed transaction documentation and deal tickets that serve as critical audit trails for financial operations
Produce comprehensive settlement reports that provide visibility into operational performance and support strategic business decisions
Manage deposit transactions and system operations that form the backbone of daily banking operations, ensuring seamless customer service delivery

Requirements

Education

Bachelor/Master Degree in Finance, Commerce, Business, Accounting or related subjects

Experience

Entry-level position with no specific experience mentioned

Required Skills

Good computer skills at MS Office Word and Excel Good command of English Fluency in Mandarin a plus
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Sauge AI Market Intelligence

Industry Trends

The Australian banking sector is experiencing significant digital transformation with increased focus on operational efficiency and automated settlement processes, creating demand for professionals who can bridge traditional banking operations with modern technological solutions. Cross-border banking operations are expanding rapidly in the Asia-Pacific region, particularly between Australia and Taiwan, driven by increasing trade relationships and investment flows, creating specialized opportunities for bilingual banking professionals. Regulatory compliance requirements in Australian financial services are becoming more stringent, particularly in settlement operations and risk management, necessitating skilled professionals who understand both operational processes and compliance frameworks.

Salary Evaluation

The offered salary range of AUD 58,000-60,000 is competitive for entry-level settlement operations roles in Sydney's banking sector, sitting within the market range of AUD 55,000-65,000 for similar positions. The inclusion of performance bonuses potentially elevates total compensation to AUD 65,000-70,000 annually, making this an attractive package for graduates entering the financial services industry.

Role Significance

Settlement officers typically work within teams of 3-6 professionals in branch operations, reporting to a Settlement Manager or Operations Supervisor, with opportunities for peer collaboration and knowledge sharing in a structured banking environment.
This is a foundational professional role within the bank's operations division, positioned as an individual contributor with direct responsibility for critical settlement processes. The role offers significant learning opportunities in international banking operations while requiring minimal supervision for routine tasks.

Key Projects

Implementation of new settlement systems and process improvements to enhance operational efficiency Cross-border transaction processing initiatives supporting Taiwan-Australia business relationships Regulatory compliance projects ensuring adherence to Australian banking standards and international banking protocols Risk management initiatives focused on settlement accuracy and operational risk mitigation

Success Factors

Developing exceptional attention to detail and accuracy in financial transactions, as settlement errors can have significant financial and reputational consequences for the institution Building strong analytical skills to interpret market data and perform mark-to-market calculations that inform investment decisions and risk assessments Cultivating effective communication abilities to liaise with head office, counterparties, and internal stakeholders across different time zones and cultural contexts Maintaining up-to-date knowledge of banking regulations and compliance requirements in both Australian and international contexts Demonstrating reliability and consistency in meeting daily operational deadlines and maintaining high-quality standards under pressure

Market Demand

Moderate to high demand exists for settlement officers with cross-cultural capabilities, particularly those with Mandarin language skills, as Australian banks expand their Asia-Pacific operations and require professionals who can facilitate international banking relationships and understand diverse regulatory environments.

Important Skills

Critical Skills

Advanced Excel proficiency is essential for performing complex mark-to-market calculations, analyzing investment positions, and generating accurate settlement reports that inform critical business decisions. This skill directly impacts the quality and efficiency of daily operations while supporting career advancement opportunities. Strong English communication skills are fundamental for effective collaboration with Australian counterparts, regulatory compliance documentation, and professional correspondence. This capability ensures seamless integration into the Australian banking environment and supports client relationship management. Attention to detail and accuracy are paramount in settlement operations where financial errors can result in significant losses and regulatory violations. This skill set directly impacts job performance, client satisfaction, and career progression within the banking sector.

Beneficial Skills

Mandarin language fluency provides significant competitive advantage in serving Taiwanese clients and communicating with head office, potentially leading to accelerated career advancement and specialized role opportunities within the growing Australia-Taiwan business corridor. Understanding of financial markets and investment principles enhances effectiveness in mark-to-market calculations and position analysis, supporting potential career transitions into investment banking, portfolio management, or risk management roles. Knowledge of international banking regulations and compliance frameworks positions professionals for advancement into risk management, compliance, or senior operational roles requiring regulatory expertise and cross-border banking knowledge.

Unique Aspects

Opportunity to work at the intersection of two major Asia-Pacific economies, gaining expertise in both Australian and Taiwanese banking practices and regulatory environments
Bilingual work environment that values Mandarin language skills as a significant career advantage in the growing Australia-Taiwan business corridor
Exposure to sophisticated international banking operations including foreign exchange, trade finance, and cross-border settlement processes
Direct reporting relationship with Taiwan head office providing insights into international banking management and global financial operations
Specialized focus on settlement operations that provides deep technical expertise in a critical banking function with high market demand

Career Growth

Career progression to senior roles typically occurs within 2-3 years with strong performance, while advancement to management positions generally requires 4-5 years of experience and demonstrated leadership capabilities in banking operations.

Potential Next Roles

Senior Settlement Officer with increased responsibility for complex transactions and team oversight Settlement Team Leader managing operational processes and junior staff development Trade Finance Officer specializing in international banking and documentary credits Risk Management Analyst focusing on operational risk assessment and mitigation Relationship Manager for corporate banking clients requiring settlement services

Company Overview

Taiwan Cooperative Bank, Sydney Branch

Taiwan Cooperative Bank is a major Taiwanese financial institution with significant international presence, operating in Australia to serve the growing commercial and investment relationships between Taiwan and Australia. The Sydney branch represents a strategic outpost for facilitating cross-border banking services and supporting Taiwanese businesses expanding into the Australian market.

As one of Taiwan's largest cooperative banks, the institution holds a strong position in the Asia-Pacific banking sector with particular expertise in trade finance, corporate banking, and cross-border transactions. The Sydney branch benefits from this established reputation while serving a niche market of Australia-Taiwan business relationships.
The Sydney branch serves as a crucial hub for Taiwan Cooperative Bank's Australian operations, providing specialized services to Taiwanese companies doing business in Australia and Australian entities seeking to expand into Taiwan, positioning employees at the center of growing bilateral economic relationships.
The work environment combines traditional Taiwanese banking culture emphasizing precision, respect, and collective achievement with Australian workplace flexibility and communication styles, creating a unique multicultural professional experience that values both technical excellence and cross-cultural competency.
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