Analyst, Investment Operations Specialist, Global Financial Markets Operations (GFMO), Group COO

DBS Bank; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

A leading financial institution in Singapore seeks motivated candidates to support OTC derivatives transaction operations. Responsibilities include providing transaction lifecycle support and ensuring confirmation accuracy. Ideal applicants will have a degree in Banking and Finance, 1-3 years of banking experience, and be proficient in MS Excel. Join a dynamic environment that recognizes development and achievements.

Benefits

Competitive salary

Benefits package

Dynamic working environment

Qualifications

• Min 1-3 years of banking experience.
• Experience in back-office operations, processing, reconciliations, and confirmations.
• Ability to work in a fast-paced environment.

Responsibilities

• Provide end-to-end OTC transaction life cycle support.
• Ensure confirmation accuracy and timely issuance.
• Investigate discrepancies and escalate as necessary.

Skills

Team player

Good understanding of OTC products

Proficient in MS Excel

Good understanding of GenAI

Education

Degree in Banking and Finance

Tools

VBA

Python

Job description

Overview

Business Function Global Financial Market Operation (GFMO) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In GFMO, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

Job Purpose: We are looking for candidates who are highly motivated and team players to support GFMO on Fixed income, FX & OTC derivatives products, etc.

Key Accountabilities

• Provide end to end OTC transaction life cycle reporting support for T&M derivatives products
• Ensure confirmation accuracy and timely issuance
• Risk control, reduction in ageing confirmations and elimination/refinement of legacy processes
• Build a data driven culture with data analytic capabilities
• Support new products initiatives on existing/new system capabilities

Responsibilities

• Coverage Core: Trade Confirmation issuance, Trade Confirmation Affirmation, Trade Events Notification
• Secondary: Trade Repository Reporting, Central Password Issuance, Advisory on ISDA Negotiation related to Operations, Board Resolution Documentation, MIS reporting
• Service Support Centres: Hub (Sin) Spokes (Branches: HK, SE, TW, LON, Labuan), (Subsi: HK, TW, CN, Macau, IN, Sin Holdco)
• Clients Base: Inter-bank, Fictive ( FI, Insurance etc), Corporate Treasury
• Product Assets Classes: Vanilla FX spot, Money Market, Structured Loan/Deposits (CLI, PCI), Fixed Income, OTC Derivatives for FX, Rates, Equity, Carbon, Crypto and Commodity

Trade Confirmations issuance

• Trade economic affirmation on executed trades without trade sources (Reuters, email trade execution, Term-sheet, Broker, etc.)
• Run trades execution report to account for the trade confirmation issuance
• Draft those trade confirmations not on Swift or Electronic Affirmed trades. Ensure the right ISDA template to use as per the Fx & Derivative Documentation Policy
• Monitor the queue of the Electronic Affirmed Platform to confirm all trades, investigate and escalate for those not affirmed
• Validate the paper trade confirmations, register the trades in Control List and deliver the trades confirmation in Ideal 3, Email attached Doc, Post mail
• Reconcile auto-generated paper trade confirmations and release them accordingly
• Record trades not drafted/released by T + 1 with comment on cause of delays in DCFC and ORMU Weekly Report
• Follow up those disputed trade confirmations not issued in DCFC, WCFC/MCFC and escalate with report per Escalation Ladder Matrix
• Password protected on all trade confirmations delivered by Email doc attached
• Scan and library the outgoing trade confirmations respectively

Trade Confirmation Affirmation

• Check and affirm all incoming trade confirmations in Risk System, MX, BO Confirm status
• Investigate discrepancies and escalate to the respective stakeholder for action. Record the Disputed Trade Confirmation in the Confirmation Database for monitoring and follow up actions
• Trace on those trade confirmations not received/not acknowledged accordingly and escalate per Escalation Ladder Matrix
• Weekly reporting on unaffirmed aged trades to Team Lead/Manager and spokes for action/escalation
• Scan and library the affirmed trade confirmations
• For inter-entity trades where trade confirmations need not be issued, run the inter-entity Trade Reconciliation, check for unmatched/mismatched trades, investigate, raise/trace for trade match. Escalate on aged items
• Run and investigate the reconciliation between Electronic Affirmed trades in Electronic systems (e.g., MarkitWire, DSMatch) with Risk System MX; escalate on aged unsolved items
• Engage Business, Sales, Traders, RMs on aged unaffirmed trade confirmations with a follow-up action register in the Doc Database
• Signature verification per Signature Mandate of Clients’ Board Resolution for returned corporate paper confirmations; investigate irregular signatories etc.
• Prepare the weekly Unaffirmed Aged Confirmation Report for escalation and tracers; prepare the monthly trailing Unaffirmed Aged Confirmation Report to ORMU with comments

Trade Events Notification

• Extract trade events execution from Risk System, MX
• Match with trade source and prepare the Notification
• Investigate disputes and escalate to respective traders/Sales and Processing Team
• Monitor and register all aged unaffirmed Notifications for escalation
• Scan, release, perform signature verification and library on outgoing and returned trade Notifications
• Issuance of Failure to Pay (FTP) and monitor acknowledgement
• Issuance of Novation Letter for Assigned trades; reconcile assigned trades with Transferor
• Manage documentation and execution for trade compression by TriOptima-triResolve
• Attend to Corporate/Credit Events documentation issuance and affirmation per ISDA protocol and/or industry practice

Secondary Central Password Issuance

• Cover for Hub and Spokes. Each client will be issued a single password to be used by all teams (Hub/Spokes) to protect the documents
• Generate, issue and control the registered password
• Manage renewal per Email Policy and ISS Password Issuance Guideline
• Attend and investigate any Password dispute

Advisory on ISDA Negotiation related to Operations

• Review and approve deviations on ISDA negotiations related to Trade Confirmation onboarding
• Update ISDA Agreement to Risk System MX; include other Master Agreements (e.g., DBS Master)
• Facilitate ISDA onboarding negotiations by furnishing details of live trades to Legal
• Engage and negotiate supplementary Master Agreement with ISDA counterparts to facilitate trade confirmation in compliance with ISDA confirmation issuance by SWIFT

Trading Account Opening – Board Resolution Documentation

• Read and manage Board Resolution related to trades terms for acknowledgement
• Clarify and trace with Relationship Manager for missing board resolutions
• Furnish aged reports on missing and disputed board resolutions to COE Clients and RM/Sales; library all board resolution documentation

Client Support on Trade Confirmation Related Issues

• Attend to queries by Spokes; investigate and assist Spokes on issues related to Trade Confirmation, Password issuance and risk reporting

Requirements

• Preferably a Degree in Banking and Finance
• Min 1-3 years of banking experience
• Experience in various back-office operation functions including processing, reconciliations, confirmations, etc.
• Good understanding of the end-to-end transaction lifecycle of OTC products
• Proficient in MS Excel; VBA and Python are added advantages
• Good understanding of GenAI
• Team player who can work independently
• Able to work in a fast paced environment
• Willing to work in split Ops locations

Apply

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.