Business Manager - Financial Institutions and Capital Markets Department

Fuku; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading global financial institution in Singapore is seeking a professional to lead the design and implementation of middle office workflows. The role involves diagnosing operational bottlenecks, ensuring compliance with KYC/AML regulations, and serving as a key communication node with Head Office. The ideal candidate holds a Bachelor’s degree in a related field and has at least 5 years of experience in Banking Middle Office or Operations within a global financial institution. Competitive compensation and a dynamic work environment are offered.

Qualifications

• Bachelor’s degree or higher in Finance, Economics, Law, or Business Administration, preferably from top-tier universities.
• Minimum 5 years of progressive experience in Banking Middle Office, Operations, or Product Control within a global financial institution.
• Deep understanding of SWIFT standards (ISO 15022/20022), MAS Banking Act, and local AML/CFT regulations.

Responsibilities

• Lead the end-to-end design and implementation of middle office workflows for new products.
• Diagnose operational bottlenecks and lead restructuring initiatives to automate manual processes.
• Act as the primary change agent for system migrations and UAT for new platforms.

Skills

Operational efficiency

KYC/AML compliance

Team coordination

Process optimization

Regulatory compliance

Education

Bachelor's degree in Finance, Economics, Law, or Business Administration

Job description

About the company

One of the largest and most prestigious financial institutions in the world, with a strong presence in global markets. Known for its innovation, stability, and commitment to excellence, they provide a wide range of financial services, including corporate banking, investment banking, and custody services. The Singapore branch plays a pivotal role in the bank’s international operations, focusing on delivering tailored financial solutions to meet the needs of its diverse clientele.

Job Responsibilities

• Lead the end-to-end design and implementation of middle office workflows for new products, including defining SOPs and SLAs.
• Diagnose operational bottlenecks and lead restructuring initiatives to automate manual processes, reduce risks, and improve turnaround times.
• Act as the primary change agent for system migrations and UAT for new platforms, coordinating with IT and Head Office.
• Collaborate with Treasury to determine internal funds transfer pricing (FTP) and approve customer deposit quotations.
• Oversee the integrity of instruction entry processes for interbank placements and settlements, implementing robust 'Maker-Checker' controls.
• Manage the end-to-end KYC/AML lifecycle for Institutional Clients, ensuring compliance with FATCA/CRS and MAS Notice 626.
• Monitor credit limits for FI counterparties and manage collateral requirements where applicable.
• Monitor trade lifecycles for settlement fails or anomalies and establish early warning systems for operational risks.
• Analyze regulatory differences between Singapore and Head Office to ensure compliance in custody agreements and operational flows.
• Serve as the key communication node between the Singapore Branch and Head Office, articulating local regulatory constraints and requirements.
• Coordinate internal/external audits and regulatory inspections, and prepare regulatory returns for MAS.

Job Requirements

• Bachelor’s degree or higher in Finance, Economics, Law, or Business Administration, preferably from top-tier universities.
• Minimum 5 years of progressive experience in Banking Middle Office, Operations, or Product Control within a global financial institution.
• Proven track record in business setup (0-to-1) or departmental restructuring, with demonstrated process optimization or team-building experience.
• Deep understanding of SWIFT standards (ISO 15022/20022), MAS Banking Act, and local AML/CFT regulations.
• Demonstrated ability to quickly master new systems, regulations, and product complexities.
• Strong organizational skills with the ability to coordinate across cross-functional teams in a matrix environment.