Operations Specialist, Equity Derivatives Support Officer (6 months contract)

Navy Exchange Service Command; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

Join a leading financial institution as a Derivatives Support Operations Specialist. In this role, you will provide crucial post-execution support for OTC derivatives, ensuring trade capture accuracy and managing lifecycle events. Ideal candidates will have a strong background in derivatives products and excellent analytical skills, contributing to a dynamic team-oriented environment.

Qualifications

• Minimum of 2 years in OTC derivative products (Rates/Equities).
• Experience working with Front Office (Bankers/Traders).
• Strong Excel skills; VBA is preferred.

Responsibilities

• Ensure accurate capture of trades into the core banking platform.
• Perform inter-system reconciliations.
• Perform daily validation of derivatives reporting.

Skills

Critical Thinking

Teamwork

Problem Solving

Attention to Detail

Education

Degree or Diploma qualification

Tools

Microsoft Excel

VBA

Temenos

Job description

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork, and fairness. Most importantly, we invest in our people through programmes that develop them professionally and personally. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group's global network of subsidiaries and offices. If you have passion, drive, and the will to succeed, rise to the challenge today!

Bank of Singapore opens doors to new opportunities.

Start your career with Bank of Singapore as a Derivatives Support Operations Specialist (6 months contract) in our Equity Derivatives Trade Services team!

General Description

The incumbent will be responsible for post-execution support for OTC derivative products across Equities and Rates, ensuring timely and accurate capture of trades into Bank of Singapore's core banking risk system. This role also involves control functions, working closely with Front Office, Trading Desks, Settlements, and Technology to manage the bank's risk related to the supported product classes. The incumbent should be able to contribute significantly in a team setting, apply critical thinking to problem-solving, and perform well under stressful conditions.

Main Duties

Trade Capture, Cancellations, and Amends

• Ensure accurate capture of trades into the core banking platform within regulatory timelines.
• Monitor and manage STP exceptions to ensure completeness and accuracy of bookings.
• Validate dealer-hit trades in upstream systems.
• Manage queries related to trade bookings.
• Perform inter-system reconciliations.

Lifecycle Management

• Perform independent assessment of lifecycle events and reconcile against counterparties.
• Book lifecycle results into core banking for settlements and position updates.
• Notify Front Office and Dealers on lifecycle outcomes.
• Perform inter-system reconciliations.

Regulatory Reporting

• Perform daily validation and enrichment of derivatives reporting for MAS (DTCC) and HKTR.
• Perform monthly validation and enrichment of MAS610 turnover report.

Ad Hoc Tasks

• Perform UAT as nominated by line manager.
• Manage any ad hoc assignments delegated by line manager.

Qualifications

Work Experience Requirements

• Minimum of 2 years in OTC derivative products, in Rates and/or Equities.
• Experience working with Front Office (Bankers/Traders).
• Knowledge of Temenos and regulatory reporting platforms is preferred.

Education Requirements

• Degree or Diploma qualification.
• Strong Microsoft Excel skills; VBA is preferred.