About this role
About the Role: We are seeking a highly motivated and detail-oriented Complex Derivatives Operations Specialist to join our dynamic team. This role offers a unique opportunity to leverage your expertise in derivatives operations while exploring the potential of Generative AI to streamline and enhance our processes. You will play a crucial role in ensuring the accurate and efficient processing of transactions, while actively contributing to the development and implementation of AI-driven solutions. AI-Driven Automation: Collaborate with in-house developers to design, develop, and implement a system to automate tasks systematically, robustly, and scalable. This includes exploring the use of Generative AI to optimize various aspects of the operational workflow. Responsibilities:
• Regulatory Compliance: Develop a comprehensive understanding of US IRS 871m regulations and ensure all processes adhere to these requirements. • Product Knowledge: Build a strong foundation in various equity products and positions, including cash equities, plain and exotic equity/index options, and share borrowing and lending. • Collaboration and Business Understanding: Work closely with Treasury & Markets and Tax teams to understand business needs and incorporate these into operational processes. • Transaction Processing & Reconciliation: Perform periodic documenting, reporting, and withholding tax calculations; execute checking and reconciliation procedures; and submit tax filings to the IRS. Actively seek opportunities to improve the calculation/reporting process through automation. • Structured Products Deal Management: • Manage the various trade life cycle events for Structured Products. • Reconcile daily cash and settlement activities, nostro accounts and general ledgers, manage failed trades, and reconcile trade positions between GFM risk systems and other trade capturing systems. • Configure instruments/indices in system.
Job Requirements
• Bachelor's degree in Banking and Finance/Accounting preferred. • Minimum 1 years of experience in banking/accounting/tax, specifically within equity derivatives operations. • Strong understanding of global cash equities markets and various equity/index options and share borrowing/lending. • Proven experience in back-office operations, including processing, reconciliations, and settlements. • Comprehensive knowledge of end-to-end transaction management processes, particularly for structured products. • Familiarity with Funding and SWIFT MT540, MT541, MT542, MT543, and MT202 messages. • Proficiency in MS Excel (including macros), MS Access, or VBA; MS Power Automate experience working with large datasets. • Knowledge of IRC Section 871(m) regulations is highly advantageous. • Excellent teamwork skills with the ability to work independently and collaborate effectively with different teams under pressure and tight deadlines. • Willingness to work across different operational locations.
Location: DBS Asia Gateway Job: Operations Schedule: Regular Employee Status: Full time