Associate/Analyst, Structured Derivatives Processing, Global Financial Markets O

DBS Bank Limited; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading financial services group in Singapore is seeking a Complex Derivatives Operations Specialist. This role involves ensuring accurate processing of transactions and contributing to AI-driven automation. Ideal candidates have 3+ years of experience in derivatives operations and a solid understanding of regulatory compliance. The position offers a competitive salary and a dynamic work environment that fosters professional development.

Benefits

Competitive salary and benefits

Dynamic work environment

Qualifications

• Minimum 3 years of experience in banking/accounting/tax within equity derivatives operations.
• Strong understanding of global cash equities markets and equity options.
• Excellent teamwork skills with ability to work under pressure.

Responsibilities

• Ensure compliance with US IRS 871m regulations.
• Manage trade life cycle events for Structured Products.
• Perform reconciliation of cash and settlement activities.

Skills

Back-office operations

Financial transactions processing

Regulatory compliance

Teamwork

Data analysis with MS Excel

Education

Bachelor's degree in Banking and Finance/Accounting

Tools

MS Excel (including macros)

MS Access

VBA

MS Power Automate

Job description

DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for seven consecutive years from 2009 to 2015.

Business Function

Group Operations 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 Operations, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

About the Role

We are seeking a highly motivated and detail-oriented Complex Derivatives Operations Specialist to join our dynamic team. This role offers a unique opportunity to leverage your expertise in derivatives operations while exploring the potential of Generative AI to streamline and enhance our processes. You will play a crucial role in ensuring the accurate and efficient processing of transactions, while actively contributing to the development and implementation of AI-driven solutions.

AI-Driven Automation: Collaborate with in-house developers to design, develop, and implement a system to automate tasks systematically, robustly, and scalable. This includes exploring the use of Generative AI to optimize various aspects of the operational workflow.

Responsibilities

• Regulatory Compliance: Develop a comprehensive understanding of US IRS 871m regulations and ensure all processes adhere to these requirements.
• Product Knowledge: Build a strong foundation in various equity products and positions, including cash equities, plain and exotic equity/index options, and share borrowing and lending.
• Collaboration and Business Understanding: Work closely with Treasury & Markets and Tax teams to understand business needs and incorporate these into operational processes.
• Transaction Processing & Reconciliation: Perform periodic documenting, reporting, and withholding tax calculations; execute checking and reconciliation procedures; and submit tax filings to the IRS. Actively seek opportunities to improve the calculation/reporting process through automation.
• Structured Products Deal Management:
  • Manage the various trade life cycle events for Structured Products.
  • Reconcile daily cash and settlement activities, nostro accounts and general ledgers, manage failed trades, and reconcile trade positions between GFM risk systems and other trade capturing systems.
  • Configure instruments/indices in system.

Requirements

• Bachelor's degree in Banking and Finance/Accounting preferred.
• Minimum 3 years of experience in banking/accounting/tax, specifically within equity derivatives operations.
• Strong understanding of global cash equities markets and various equity/index options and share borrowing/lending.
• Proven experience in back-office operations, including processing, reconciliations, and settlements.
• Comprehensive knowledge of end-to-end transaction management processes, particularly for structured products.
• Familiarity with Funding and SWIFT MT540, MT541, MT542, MT543, and MT202 messages.
• Proficiency in MS Excel (including macros), MS Access, or VBA; MS Power Automate experience working with large datasets.
• Knowledge of IRC Section 871(m) regulations is highly advantageous.
• Excellent teamwork skills with the ability to work independently and collaborate effectively with different teams under pressure and tight deadlines.
• Willingness to work across different operational locations.
• Speed & Accuracy — Role requires prompt processing of transactions whilst maintaining vigilance & accuracy over the manual repairs and inputs.
• Zero tolerance for error/ambiguity – role entails posting financial transactions on daily basis; and entails high financial exposure risk.
• Comfortable with variable workload, not a fixed output per day.
• Teamwork, Dependability, Strong risk & controls mindset and meticulous.

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.