Operations Specialist, Equity Derivatives Support Officer (Manager)

Navy Exchange Service Command; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

A leading financial institution in Singapore is seeking a Derivatives Support Operations Specialist (Manager) for their Equity Derivatives Trade Services team. The role involves post-execution support for OTC derivative products, ensuring accurate trade capture, managing lifecycle events, and performing regulatory reporting. Candidates should have at least 2 years of experience in OTC derivatives and excellent collaboration skills.

Qualifications

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

Responsibilities

• Ensure accurate capture of OTC derivative trades into the core banking platform within regulatory timelines.
• Perform lifecycle management and regulatory reporting tasks.
• Participate in User Acceptance Testing (UAT) as assigned.

Skills

Critical Thinking

Problem Solving

Collaboration

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 our programmes that develop them on both professional and personal levels. 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 (Manager) 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 requires close collaboration with Front Office, Trading Desks, Settlements, and Technology to manage the bank's risk related to the supported product classes. The successful candidate 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

• Assess lifecycle events independently and reconcile against counterparties.
• Book lifecycle results into the core banking system for settlements and position updates.
• Notify Front Office and Dealers about 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

• Participate in User Acceptance Testing (UAT) as assigned.
• Manage any ad hoc assignments delegated by the line manager.

Qualifications

Work Experience Requirements

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

Education Requirements

• Degree or Diploma qualification.
• Strong Microsoft Excel skills; VBA experience is a plus.