Associate/Analyst, Structured Derivatives Processing, Global Financial Markets Operations (GFMO[...]

DBS Bank Limited; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A global financial institution in Singapore is seeking an Associate/Analyst for Structured Derivatives Processing. The role involves ensuring regulatory compliance, managing structured products, and exploring AI-driven automation solutions. Candidates should have at least 3 years of experience in equity derivatives operations, demonstrating strong teamwork and attention to detail. The position offers a competitive salary and opportunities for professional development.

Benefits

Competitive salary

Professional development opportunities

Qualifications

• 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.
• Proven experience in back-office operations, including processing, reconciliations, and settlements.

Responsibilities

• Develop a comprehensive understanding of US IRS 871m regulations to ensure compliance.
• Manage various trade life cycle events for Structured Products and reconcile activities.
• Collaborate with Treasury & Markets and Tax teams to meet business needs.

Skills

Regulatory Compliance

Teamwork

Attention to Detail

Transaction Processing

Automation

Education

Bachelor's degree in Banking and Finance/Accounting

Tools

MS Excel

MS Access

VBA

MS Power Automate

Job description

Associate/Analyst, Structured Derivatives Processing, Global Financial Markets Operations (GFMO), Group COO

Associate/Analyst, Structured Derivatives Processing, Global Financial Markets Operations (GFMO), Group COO

Associate/Analyst, Structured Derivatives Processing, Global Financial Markets Operations (GFMO), Group COO

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.

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