MGR / AVP, Trade Support (Derivatives Products), Private Bank

United Overseas Bank Limited (UOB); Singapore; On-site; USD 60,000 - 100,000; Full time

Job summary

Join a leading bank in Asia as part of the Private Bank Middle Office Security Settlement team. This role offers the opportunity to manage trade settlement support for high-net-worth individuals, ensuring accurate and timely processing of security transactions. With a focus on Derivative products, you will validate transactions, reconcile positions, and communicate discrepancies effectively. This is a chance to contribute to a dynamic team within a forward-thinking financial institution that values integrity and commitment. If you thrive in a fast-paced environment and possess strong analytical skills, this position is perfect for you.

Qualifications

• 5-8 years of operations experience in securities settlement.
• Ability to work independently in a fast-paced environment.

Responsibilities

• Validate transactions for Derivatives-related products.
• Reconcile cash and security positions daily.
• Liaison with Back Office for timely settlement.

Skills

Securities Settlement

Communication Skills

Analytical Skills

MS Office Suite

Education

Degree/Diploma in Business

Degree/Diploma in Banking/Finance

Degree/Diploma in Accounting

Job description

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

UOB Private Bankis dedicated to managing the wealth of high-net-worth individuals with investment assets of $5 million and above. Keeping in mind our clients’ financial objectives, we provide tailored products and solutions that draw on the Group’s comprehensive suite of personal, business and investment services.

The successful candidate will be part of the Private Bank Middle Office Security Settlement team providing middle office trade settlement support for security transactions and all other settlement related activities pertaining to Derivative products.

These activities include:

• Validate transactions in PB systems for Derivatives-related products, such as Equity/FX/Precious Metals and Exchange Traded Options.
• Process weekly/bi-weekly Fixings and KO events for Equity/FX/Precious Metals Derivatives, and Exercise/Expiry events for Exchange Traded Options.
• Liaison with Back Office and counter parties to ensure accurate and timely settlement of security transactions.
• Communicate settlement discrepancies/exceptions to Front Office, Back Office and relevant parties including providing instructions and guidance on proper resolution of issue.
• Reconcile cash and security positions with internal and external counter parties on a daily basis and ensure timely resolution of any discrepancy.
• Dissemination of corporate action notifications and ensuring timely receipt of response from Front Office.
• Maintenance of static data of securities in PB system
• Providing assistance and advice on security settlement subject matters.

• Degree/Diploma in Business, Banking/Finance, Accounting, or progress towards degree or equivalent work experience.
• Minimum 5-8 years of operations experience in securities settlement with product and settlement experience.
• Able to work independently with minimal supervision in a fast-paced environment and meet tight deadlines.
• Effective communication and analytical skills; with demonstrated ability to work effectively with all levels within the organization.
• Familiar with MS Office Suite, especially Excel.

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

Apply now and make a difference.