Capital Markets Trade Control – Middle Office Lead

Tata Consultancy Services; Kuala Lumpur; On-site; MYR 90,000 - 130,000; Full time

Job summary

Tata Consultancy Services (TCS) APAC in Malaysia invites applicants for a Middle Office Controls role within Financial Markets Operations. You will partner with Front Office, Risk and Technology to ensure robust controls across validation, non-validation and FO supervision, supporting FM trading and risk management.

Join a global team focused on governance, regulatory compliance and continuous improvement, delivering efficient data, reporting and control processes across FM MO functions.

Responsibilities

• Non-Validation Control Equities is responsible to ensure robust Data & Control delivery across Middle Office Controls supporting FM Equities Business.
• Trade Validation Control involving deal review against external source across OTC products and regions for FM Business.
• FO Supervision Controls to monitor Trading risk positions, trade capture timelines, Regulatory Compliance and Rogue trading Controls to identify and elevate any exceptions
• Non-Validation Controls across FOBO, FOFO and Interface system exception monitoring and reconciliation break resolution to ensure data integrity and completeness
• New business enablement and solutions, partner to deliver strategic FM initiatives and ensure Operational readiness
• Manage query remediation, other day-to-day processing, ensuring timely escalation to minimise risk exposure
• Collaborate with FMO Front Office including Trading and Sales Desks and Business COO to support Business Enablement initiatives and Control framework
• Insulate FM from post execution processing / queries, represent Operations functions
• Build team profile with the Front Office
• Stakeholder engagement, 2-way flow of information - "Trusted Advisor"
• Build strong relationship with internal teams across Ops, Finance, Risk and Technology to facilitate efficient Collaboration and speedy resolution of issues
• Drive continuous improvement and innovate:
• Partner with Technology to deliver Transformation
• Work with Business COO to identify booking model improvements and drive efficiency
• Achieve Regulatory and Conduct Compliance and future proof the Middle Office model through a strong understanding of current rules and anticipation of upcoming regulations
• Adherence to Ops Risk Framework standards of implementation and process management
• Oversight of Daily Productivity, KPI, KCI and Capacity metrics
• Business
• Financial Markets Operations (FMO) Middle Office (MO) was established in 2017 in a response to increasing requirements from Front Office (FO) for dedicated support. Middle Office function’s core purpose is to insulate FM Trading / Sales, permitting them to maintain focus on revenue generation, Client and risk management.
• In 2022 the Global Middle Office function underwent a significant restructure, expanding its remit through the absorption of former Trade Control (rebranded MO Controls), Sabre Support, New Issuance Group (NIG) and Transaction Management (TMG) support functions. MO also expanded its remit into Sales Support. This re-alignment places all direct FM support functions under one consolidated organisational structure, with the ultimate aim of accountability and delivery of high quality, streamlined and synergised FM services.
• Middle Office Control team aims to deliver Best in class support to FM Business enablement, Product and Process subject matter expertise, promoting Continuous Improvement culture, ensuring robust Controls framework and governance to meet our obligations to Clients, Counterparties and Regulators. Middle Office Control covers 3 key Control functions including Trade Validation Control, Non-Validation Control and Front Office Supervision Control.

Job description

Tata Consultancy Services (TCS) APAC in Malaysia invites applicants for a Middle Office Controls role within Financial Markets Operations. You will partner with Front Office, Risk and Technology to ensure robust controls across validation, non-validation and FO supervision, supporting FM trading and risk management.

Join a global team focused on governance, regulatory compliance and continuous improvement, delivering efficient data, reporting and control processes across FM MO functions.