About this role
Job Description
• Dual maker and Checker role on trades validation and ensures on-time settlement of all trades (Equity, Bonds, Structured Products, OTC Derivatives, Interest Rate Swaps, Other complex FX Swaps.
• Processing of post trade product life event of structured Notes and OTC Derivatives including but not limited to Early termination, Interest processing, final maturity & so on
• Ensure settlements of trades are in compliance to policies, procedures and market regulations.
• Ensures full compliance with all policies and regulations including SFA’s T+X+1. Complete adherence to SLAs with Wealth Business and other internal and external customers.
• Assists in liaising with counterparties for any issue to ensure fast and effective resolution.
• Ensure proper and timely reconciliation of cash, securities and other GL accounts.
• Conduct end-of-day checks of Avaloq orderbooks and make sure that there are no trades left unattended and unprocessed.
• Ensure that all Derivatives regulatory reporting to MAS are done on timing basis.
• Reviews and assesses processes and introduce system improvements for efficiency and controls. Participates in system’s UAT as and when assigned.
• Keeps SOPs and process maps updated for any process changes.
• On-time escalation of issues and risks to the Team leader or to the Department Head.
• Performs other duties that may be assigned from time to time.
Requirements
• Experience in a private banking and wealth management environment in the backend operation.
• Adequate Knowledge of Investment Products (i.e. Structured Product/Derivatives)
• Adequate Knowledge of Swift Message i.e. MT2X/MT5X/MT6X
• Have some knowledge of MAS regulatory reporting
• Functional knowledge/experience in back-office support is required
• Able to multi-task, a good team player, Self Motivated with good interpersonal skills
• Able to take on new tasks as required by the business and by the management
• Meticulous, alert & have an eye for figures & details.
• Good work Knowledge of MS Office applications especially MS Word and MS Excel.
• Prefer to have knowledge of Avaloq
• Diploma / Degree in Banking, Business Studies or other related course of studies
Location: DBS Asia Hub Job: Operations Schedule: Regular Employee Status: Full time