Julie King

RESPONSIBILITES

• Responsible for timely delivery and financial exchange of diverse domestic and international financial assets: Fixed Interest and Fixed Interest Derivatives, Equity and Equity Derivatives, Swaps (Interest Rate, Credit Default & Currency), Foreign Exchange (Cash and FFX Forwards), Unit Trusts and Clean Cash.
• Managed compliance with settlement regulations for both domestic (ASX) and international exchanges, ensuring seamless and timely settlement of financial assets.
• Developed and implemented seamless transaction processes ensuring accuracy and adherence to regulatory standards.
• Review and interpret data provided by internal AML units to aid investigations into suspected fraudulent activities.
• Kept in-depth understanding and working capability of SWIFT, the largest globally recognised and efficient platform for facilitating international payments and settlements.
• Built strong relationships with customers through positive attitude and attentive response.
• Conducted risk assessments for each project phase, proactively identifying potential obstacles before they became significant challenges.
• Maintained inclusive and diverse team culture, promoting respect and understanding among all members.
• Generated reports detailing findings and recommendations.
• Provided reporting for forecast analysis and ad-hoc reporting in support of decision-making.
• Identify any risks associated with financial transactions and make quick decisions regarding any issues arising from settlement.
• Facilitate and contribute to seamless onboarding of new clients by supporting Know Your Customer (KYC) procedures.
• Enhancing team productivity by implementing efficient work processes and regularly reviewing performance metrics.
• Developing team members skills through targeted coaching sessions, resulting in improved individual performance.
• Lead cross-functional teams to execute projects on time, within budget, and with high-quality outcomes.
• Streamline workflows for increased efficiency, reducing turnaround times for critical tasks.

ACHIEVEMENTS

• Implemented new process for processing international trades, reducing company's failed trade rate from 100% to 0%.
• Tested and implemented electronic trade contract note matching, hence eliminating need for paper contract note matching.
• Worked with Westpac AML team to identify and eliminate fraudulent activity whilst maintaining timely settlement of assets on behalf of clients.
• Assisted clients in implementing new investment strategies which ensured all regulatory obligations were adhered to.
• Implemented and trained staff on use of SWIFT (Society for Worldwide Interbank Financial Telecommunication).
• Designed and tested interface between internal cash payment/trade instruction system and SWIFT hence significantly reducing manual processes and risks associated with those processes.
• Worked directly with clients to assist in design and process for new investment products whilst ensuring settlement rules were adhered to by financial regulatory bodies.

REASON FOR CHANGE

• Business was sold. Requested voluntary redundancy.

• Skilled at working independently and collaboratively in team environment.
• Self-motivated, with strong sense of personal responsibility.
• Proven ability to learn quickly and adapt to new situations.
• Worked well in a team setting, providing support and guidance.
• Responsible for supervision of a number of areas which included:

- Domestic Equity Settlements - including ADR's

- Securities Lending

- International Settlements - currency/interest rate

swaps

- Cash & Treasury - includes domestic bonds

- Develop & implement straight through processing

- FX settlements

• Responsible for career development of 25 staff.
• Represent company on industry committees involving custody and settlement regulations.
• Source, compile and report on Compliance Requirements to:

- Australian Bureau of Statistics (ABS)

- Australian Stock Exchange (ASX) and Australian

Securities Exchange (SCH)

- State Revenue Office of NSW

• Analyse and investigate suspicious activity.
• Ensure operational compliance with market practices and protocols.
• Create training and job succession plans for staff.

ACHIEVEMENTS

• Restructured Domestic Equity Settlement process, hence eliminating 70% paper use.
• Reduced processing time for process SRN holdings from 5 business days to 2 hours.
• Enhancing intranet site - publishing frequently requested material for rest of business to review.
• Created and implemented Settlements Kit for all new starters detailing all aspects of their role and perceived frequently asked questions.
• Responsible for new ISO15022 SWIFT message testing with our global custodian for all major international markets.
• Key role in implementation and design of new system middleware for entire custody group.
• Assisted in the development of Business Continuity Plans.
• Developed and implemented a liquidity management tool that aided the Commonwealth Banks Treasury Department to manage Fund Services $1.2 Billion daily cash balances.
• Successfully managed the equity settlements group during its biggest business growth phase. This involved the transitioning in of new business that resulted from the State Street CCSL alliance. The alliance involved the integration of over 300 new accounts and in excess of 12,500 lines of stock being transitioned in with minimal client impact.

REASON FOR CHANGE

• Business was sold - Accepted redundancy package.

RESPONSIBILITIES

• Supervision of two staff members
• Assisted Manager regarding half-yearly and yearly review process for staff members.
• Responsible for processing the announcement of corporate actions from the Australian Stock Exchange.
• Process financial entitlements to both institutional and private clients resulting from corporate events.
• Prepare applications for shares (IPO's) on behalf of clients.
• Relieved Manager when required.

ACHIEVEMENTS

• Documented and tested Y2K software for the ASX CHESS software.
• Assisted testing with the ASX for implementation of the new CHESS settlement system which replaced the need for paper contract note processing for investors.

REASON FOR CHANGE

• Career advancement.

RESPONSIBILITES

• Recruited directly from Wollongong University by CBA recruitment scouts.
• Worked with team of accountants to manage investment funds and superannuation accounts.
• Training experience in all sections pertaining to investment funds and superannuation accounts from input level to reporting to clients and statutory reporting.

ACHIEVEMENTS

• Completed graduated program early.

REASON FOR CHANGE

• Career advancement