Operations Officer

VP Bank AG; Singapore; On-site; SGD 70,000 - 110,000; Full time

Job summary

VP Bank Ltd Singapore Branch seeks a meticulous Operations Specialist for Derivatives (Asia Structured Products) to support lifecycle processes, confirmations, and settlements across front and back offices.

You will manage payments, securities deliveries, and MTM uploads while coordinating with head office and local teams. A degree in Business/Finance with 3–5 years’ experience and English proficiency are essential.

Qualifications

• Degree in Business/Finance or other relevant streams.
• Strong data management capabilities and meticulous attention to detail.
• Good command of English (speaking and writing).
• Knowledge of financial products is a plus.
• 3–5 years of experience in the financial sector is advantageous.

Responsibilities

• Manage AC/DC Product Lifecycle: assets setup, confirmations, and lifecycle handling.
• Handle daily OTC FX Options and daily MTM valuation uploads.
• Process incoming/outgoing payments and securities delivery with reconciliation.
• Assist front office and head office on operational transfers and settlements.
• Perform client offboarding tasks and LEI application/renewal.
• Coordinate across teams and support ad hoc operations projects.

Skills

Data management

English proficiency

Education

Bachelor degree in Business/Finance

Tools

Avaloq

Job description

Are you curious and eager to seize new opportunities? Do you have a strong client and solutions focus? Are you driven to go the extra mile? Are you someone who is open, communicative, and excited to make a difference in the work you do? If so, then we want you. Together, let's create exceptional experiences for our clients, constantly exceeding their expectations and continue writing the success story of VP Bank. With us, you will find the space for bold ideas and the opportunities to actively shape the future.

Your Challenge

Derivatives (Asia Structured Products):

• Manage AC/DC Product Lifecycle Processes (Equity and FX underlyings / Pivots / TARFs) o Create and set-up asset in system and provide long form confirmation for client o Perform trade and cashflow confirmation to counterparties o Manage daily fixings until end of product lifecycle
• Handle daily OTC FX Options and DCI Fixings.
• Manage and upload daily valuation (MTM)
• Notify front office timely of any (early) redemptions for structured notes (FCN/ELN)
• Be the subject matter expert for front office and head office Operations Payments / Transfers:
• Process incoming and outgoing payments and troubleshoot when issues arise
• Manage the delivery of securities free of payment and vs payment (incoming and out-going).
• Handle cheque and cash related transactions.
• Dealing with Head Office for Reconciliation breaks Special Condition Set-up / Handling Amend and verify stock exchange orders Manage retrocession and trailer fees Other tasks:
• Perform client offboarding related task
• Write off securities
• Legal Entity Identifier (LEI) application and renewal
• Handle return mail management
• Mail physical output
• Manage physical archive
• Be a point of contact across various teams in local and head office
• Perform any other ad hoc operations activities or projects as required to support the team

Your Profile

• Degree in Business/Finance or other relevant streams
• At least 3 to 5 years of experience in Financial sector will be an advantage
• Experience in Avaloq application will be an advantage
• Basic understanding of financial products
• Meticulous and strong in data management
• Good command of English (speaking and writing)

Your Contact

Throughout your application process, you will be accompanied by

Cheryl Tan

People & Culture Business Partner

Your Benefits

Our employees are our pride and joy. VP Bank considers it important to give something back and to contribute to the well-being of each and every individual. We strive to do this every day. VP Bank employees enjoy respectful and fair treatment and also receive a wide range of benefits. You can find out more about our benefits here: https://www.vpbank.com/en/career/vp-bank-inside-jobs/benefits

Your new working environment

VP Bank Ltd Singapore Branch was established in 2008. With a broad range of banking services, specialist asset management solutions and family office services, it meets all the needs of wealthy private individuals and professional asset managers.