Assistant Vice President, Global Markets Operation Group - Derivatives Approver

Sumitomo Mitsui Banking Corporation; Singapore; On-site; SGD 100,000 - 125,000; Full time

Job summary

A major banking institution is seeking a professional responsible for preparing and submitting regulatory reports and ensuring compliance with regulatory requirements. Candidates should hold a degree in Banking & Finance and possess at least 5 years of relevant banking experience. The role requires strong critical thinking, attention to detail, and effective time management skills. The selected individual will work collaboratively with stakeholders and manage technology projects to enhance regulatory processes.

Qualifications

• At least 5 years of banking experience with exposure to regulatory reporting.
• Ability to link diverse information and spot inconsistencies.
• Keen and proactive learner.

Responsibilities

• Prepare and submit regulatory reports to authorities.
• Assess regulatory framework against procedures to identify gaps.
• Remediate internal control gaps with effective change requests.
• Work with Quality Assurance on regulatory reporting accuracy.
• Manage key stakeholders while preparing reports.
• Develop training programs on regulatory needs.
• Manage technology projects with key stakeholders.

Skills

Critical thinking

Attention to detail

Good oral and written communication

Interpersonal skills

Time management

Education

Degree in Banking & Finance or equivalent

Job description

Job Responsibilities

• Preparation and submission of regulatory reports to authorities.
• Assess the regulatory framework against the bank’s procedures and processes to identify gaps that could lead to non-compliance.
• Remediate internal control gaps with effective implementation of change requests.
• Work with Quality Assurance on accuracy, and completeness over regulatory reporting and remediate the outliers.
• Manage key stakeholders while preparing and submitting regulatory reports.
• Develop and implement training programmes to educate team members and stakeholders on evolving regulatory needs, data quality and other relevant areas.
• Manage technology projects, including collaboration with key stakeholders such as GMTAP, RMDA, Vendor, etc.

Requirements

• Degree in Banking & Finance or equivalent.
• At least 5 years of Banking experience with relevant exposure to regulatory reporting related function.
• Possess critical thinking skills, and able to link diverse information to build a full picture and spot inconsistencies.
• Meticulous, attention to detail with a risk and control mindset.
• Good oral & written communication skills, and strong inter-personal skills.
• Reliable team player, who is able to work with a diverse group of people.
• Keen and proactive learner.
• Effective time management skills, ability to work under pressure and meet cut-off times.