About this role
Business Function Group Finance aims to deliver world-class standards in reporting, financial planning and finance processes. We provide insights and analyses that help the bank make sound business decisions – whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services. The Analyst / Associate of the GFM Product Control (PC) team supporting Credit Derivative (CRD) Desk will be expected to perform the following roles and responsibilities: Key Accountabilities (a) Daily reporting:
• Daily PL report production and PL attribution and analysis • Daily commentary on significant PL drivers and relating it to the business strategies of the desk • Monitoring New Deals, Late Deals and Market Operations, Transfer pricing • Monitoring checks for transactions done at Off Market rates • Exceptions monitoring on Reported PL vs Trader Estimates and breaches on threshold limits for unexplained PL attributions
• Partnering with Front Office, Finance, Risk (RMG), Operations, and IT teams to assess and resolve deal-related discrepancies and ensure accurate reflection in reporting systems (b) Monthly reporting:
• Reconciliation of PL between Management reporting vs General Ledger • GLAO certification of Balance Sheet accounts • Reserves computation • Review significant MTD PL drivers • Reporting of Key Risk and Performance Indicators for the desk (c) Ad-Hoc and Projects tasks:
• Streamline workflows to enhance operational efficiency within the team • Review control processes for gaps • Handle ad-hoc queries from Front Office, Finance, Risk (RMG) and Operations • Participate in systems implementation/enhancement projects User Acceptance Testing (UAT) • Assist in responding to internal and external audit requests for the desks Requirements
• Degree holder in Accountancy or Banking or Finance is preferred. • Strong control awareness and inquisitive mindset • Knowledge of treasury products, derivatives is preferred. • Proficient in Microsoft Office, particularly Microsoft Excel. • Familiar with Copilot • Ability to relate product control processes with the business strategies and activities of the desk
Location: DBS Asia Central Job: Finance. Schedule: Regular Employee Status: Full time