AVP/Senior Associate, Derivative Structured Team, Global Financial Markets Operations (GFMO), G[...]

DBS; Singapore; On-site; SGD 100,000 - 125,000; Full time

Job summary

A leading financial institution in Singapore is seeking an AVP/Senior Associate for its Derivative Structured Team. The role involves leading a motivated team to support Global Financial Market business, focusing on transaction management and settlement processes for derivatives products. The ideal candidate will have at least 8 years of banking experience, preferably in Interest Rates Derivatives Operations, and a degree in Banking and Finance. Competitive salary and benefits are offered.

Benefits

Competitive salary

Dynamic work environment

Professional development support

Qualifications

• Minimum 8 years of banking experience, specifically in Interest Rates Derivatives Operations.
• Experience in processing, reconciliations, settlements.
• Knowledge of SWIFT MT202, MT103, pacs.008, pacs.009.

Responsibilities

• Lead a team providing support for GFM Business.
• Provide end-to-end transaction management for derivatives products.
• Perform pre-settlement confirmation with counterparties.
• Manage reconciliation of Nostro accounts and trade positions.
• Authorize payments and liaise with branches.

Skills

Team player

Data analytic capabilities

Proficient in MS Excel

Good understanding of transaction management

Education

Degree in Banking and Finance

Tools

MS Access

VBA

Python

Job description

Job Description - AVP/Senior Associate, Derivative Structured Team, Global Financial Markets Operations (GFMO), Group COO (WD78922)

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.