AVP, Derivative Structured Team, Global Financial Markets Operations (GFMO), Group COO (WD78922)

DBS BANK LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading financial institution in Singapore is seeking a Team Leader for Operations in the Global Financial Market division. The role involves overseeing transaction management and settlement processes for derivatives products, with a focus on team leadership and risk control. Candidates should have at least 8 years of banking experience in Interest Rates Derivatives Operations and be proficient in relevant tools such as Murex and SWIFT. A competitive salary and benefits package is offered, alongside opportunities for professional development.

Benefits

Competitive salary

Benefits package

Dynamic work environment

Qualifications

• Minimum 8 years of banking experience in Interest Rates Derivatives Operations.
• Good understanding of end-to-end transaction management processes.
• Experience in processing, reconciliations, and settlements.

Responsibilities

• Lead a team to support the GFM Business.
• Provide transaction management and settlement support for derivatives.
• Perform reconciliation of Nostro accounts and trade positions.

Skills

Team leadership

Transaction management

Risk control

Data analytics

MS Excel

MS Access

VBA

Python

Education

Degree in Banking and Finance

Tools

Murex

SWIFT

Job description

Business Function

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.

We are looking for individuals who are highly motivated and a team player to provide the operation support to Global Financial Market (GFM) business, regionally, from the angle of Interest Rate derivatives products and be part of the DDOM journey towards achievement GFMO Control Tower Vision.

Responsibilities

• Lead a team of highly motivated individuals in ensuring strong support for the GFM Business.
• Provide end-to-end transaction management and settlement support for GFM derivatives products and provide accurate and timely settlement processing.
• Risk Control, risk architecture and managed quality.
• Build a data driven culture with data analytic capabilities.
• Deal validation process in Murex which comprises of inter-banks and corporates client interest rates derivatives and credit derivatives trades.
• Perform pre-settlement confirmation with counterparties.
• Authorisation of payments via AMH.
• Perform Fixing procedures for the purpose of determining the interest payoff of the derivatives deal.
• Liaising of settlement or fixing with the respective local GFM branches or Wealth Ops.
• Provide accurate and timely funding amount.
• Reconciliation process of Nostro accounts and general ledgers, managing failed trades and reconciliation of trade position between GFM risk systems.
• Configuration of interest rates generator/indices.
• Reconciliation of CCP trades betweenw Murex and Clearers.

Requirements

• Preferably Degree holder in Banking and Finance.
• Minimum 8 years of banking experience, specifically in the Interest Rates Derivatives Operations is preferred.
• 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.
• Proficient in MS Excel and MS Access or VBA and Python are added advantage.
• Knowledge in Funding and SWIFT MT202, MT103, pacs.008, pacs.009.
• Team player who can work independently in a fast paced environment.
• Willing to work on splits Ops locations (DAH/DAG).

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.