Contract Interest Rate Operations Analyst - Banking

SKILLSFORCE MANAGEMENT CONSULTANCY PTE LTD; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading consultancy in Singapore is seeking a candidate to manage the Middle Office Functions, particularly in confirming and settling trades. The role involves drafting legal confirmations for Foreign Exchange and Interest Rate Derivatives, improving workflows, and collaborating with global teams. Strong communication and risk management skills are essential, as is experience in a fast-paced environment. This position initially starts on a contract basis, with potential for extension or conversion.

Qualifications

• Strong product, industry, and technical knowledge required to facilitate transaction flow.
• Ability to manage multiple activities in a fast-paced environment.
• Experience in working with global teams for consistency and efficiency.

Responsibilities

• Partner with internal teams to ensure issue resolution and timely drafting.
• Draft legal confirmations for Foreign Exchange and Interest Rate Derivatives Transactions.
• Support global initiatives and business in Asia.
• Design and initiate process improvements.
• Build relationships with global peers for knowledge sharing.
• Review and improve processes continuously.

Skills

Risk management

Legal confirmation drafting

Communication skills

Process improvement

Job description

Within Global Market Operations, the team comprehends key functions in the market, effectively covering front to back support for our business and clients. We are responsible for Middle Office Functions, that aim to ensure trading risk is accurate and trade flow exceptions are resolved timely; Confirmations and Drafting Functions, that aim to legally confirm our client’s trades and ensure executed trades were booked accurately; and Settlements Functions, that ensure all derivative transactions are settled in a timely manner, meeting our client’s expectations. Various operational reconciliations are also performed to ensure every step of trade flow is accurate and flawless. The team also executes various projects aimed at balance sheet optimization, operational efficiency and business enablement. All functions are performed with focus on risk management, efficiency and client experience, always pursuing better ways of doing things.

Responsibilities

• Partner with internal teams - Sales, Trading, Legal, Compliance, Technology and other Operations teams to ensure issue resolution and timely drafting of legal confirmations
• Legal confirmation drafting function for Foreign Exchange and Interest Rate Derivatives Transactions.
• Assist the Asia FX/IRP Drafting team to deliver on strategic global initiatives and support the Asia/Global Business
• Become a subject matter expert to mitigate risk and drive efficiencies
• Build skillset that comprehends Front to Back functions
• Design and initiate process improvements with thorough understanding of the teams' processes and controls, leveraging Business Intelligence and Automation
• Build relationships with global peers to ensure global consistency and knowledge sharing.
• Work with team to ensure that processes are continually reviewed and improved, risk is managed, and results are achieved meet expectations for timeliness, quality and cost effectiveness within the Department.

The team works closely with team members across global offices to facilitate the above functions. The team support a cross section of products ranging from highly complex structured transactions to more vanilla trades. Individuals are required to develop a strong product, industry, and technical knowledge in order to facilitate the transaction flow and to anticipate and avoid potential trade problems. The role requires the ability to seamlessly switch between multiple activities and significant interaction with clients so communication will be a key asset; fast paced setting and ongoing interaction with other Operations teams, Compliance, Credit, and Technology to resolve issues arising from trade execution, client queries, and new business. In addition, we are looking for a strong candidate that can help to drive workflow improvement across the organization.

This role starts with contract subject to extension/conversion.

Reg No. R1100820 EA No. 99C3289