Analyst, Structured Derivatives Processing, Global Financial Markets Operations (GFMO), Group O[...]

300005 Chief Executive's Office_00002555; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A financial institution in Singapore is seeking an Analyst for Structured Derivatives Processing. The role involves understanding US IRS 871m regulation, managing equity structured products validation, and tax processing. Candidates should possess a degree in Banking and Finance or Accounting, with a minimum of 3 years in equity derivatives operations. Strong analytical skills in MS Excel and understanding of cash equities is required. This position offers competitive benefits and recognises employee achievements.

Benefits

Competitive salary

Dynamic environment for development

Qualifications

• Minimum 3 years of experience in equity derivatives operations.
• Product knowledge of cash equities and exotic options.
• Familiarity with IRC Section 871(m) regulations is advantageous.

Responsibilities

• Develop understanding of US IRS 871m regulation.
• Handle equity structured products deal validation.
• Perform reporting and tax calculation periodically.

Skills

Banking and Finance knowledge

Equity derivatives operation

MS Excel and VBA

Data analysis ability

Education

Degree in Banking and Finance or Accounting

Tools

MS Excel

MS Access

Job description

Analyst, Structured Derivatives Processing, Global Financial Markets Operations (GFMO), Group Operations (WD72022)

Group Technology and Operations (T&O) 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 Group T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

Responsibilities

• Develop a broad understanding of the requirement of US IRS 871m regulation
• Develop basic understanding of a variety equity products and positions
• Work closely with Treasury & Markets and Tax, to understand the business needs
• Perform periodic documenting, reporting and withholding tax calculation
• Perform checking, reconciliation and subsequently tax filing to IRS
• To further refine the calculation / reporting process
• Work with in-house developers to develop a system to automate these tasks in a systematic, robust and scalable manner.
• Deal validation process for Equity Structured Products in Murex which comprises of equity linked notes, equity accumulator, Structured Investment Products (SIP).
• Perform pre-settlement confirmation with counterparties, authorization of payment via AMH
• Perform Fixing procedures for the purpose of determining the payoff of the structured deal
• Monitoring of valuation/expiration/barrier knocks for potential payouts
• Reconciliation process of nostro accounts and general ledgers, managing failed trades and reconciliation of trade position between T&M risk system and other bank deposit system
• Configuration of instruments / indices
• Creation of structured product calculators to determine the payoff of each structured deals as a secondary control check

Requirements

• Preferably Degree holder in Banking and Finance/ Accounting
• Minimum 3 years of banking/accounting/ tax experience, specifically in the equity derivatives operations
• Product knowledge of Cash Equities in global markets, plain and exotic equity / index option and share borrowing and lending
• Experience in various back-office operation functions which includes processing, reconciliations, settlements etc
• Good understanding of the end-to-end transaction management processes, predominantly in Structured products
• Knowledge in Funding and SWIFT MT540, MT541, MT542, MT543, MT202
• Ability to use MS Excel (and Excel macros), MS Access or VBA.
• Ability to work with large data sets
• Relevant knowledge of IRC Section 871(m) regulations will be an added advantage
• Team player who can work independently, collaborating with different teams and work under pressure/ tight timeline
• Willing to work on splits Ops locations.

Apply Now

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