Job Description

Business Function

Group Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Bank\'s operational processes and inspire to delight our business partners through our multiple banking delivery channels.

We are looking for a candidate who is highly motivated and a team player to support to T&M on Fixed income, FX & OTC derivatives products etc. and be part of the DDOM journey towards achievement TMO Control Tower Vision.

Key Accountabilities

• Provide end-to-end OTC transaction life-cycle reporting support for T&M derivatives products.
• Ensure confirmation accuracy and timely issuance.
• Risk Control, reduction in ageing confirmation and eliminate/refine legacy processes.
• Build a data driven culture with data analytic capabilities.
• Support new products initiatives on existing/new system capabilities.

Responsibilities

(1) Coverage

• Core: Trade Confirmation issuance, Trade Confirmation Affirmation, Trade Events Notification.
• Secondary: Trade Repository Reporting, Central Password Issuance, Advisory on ISDA Negotiation related to Operations, Board Resolution Documentation, MIS reporting.
• Service Support Centres: Hub (Sin), Spokes (Branches: HK, SE, TW, LON, Labuan), (Subsi: HK, TW, CN, Macau, IN, Sin Holdco).
• Clients Base:Inter-bank, Fictive (FI, Insurance etc), Corporate.
• Treasury Product Assets Classes: Vanilla FX spot, Money Market, Structured Loan/Deposits (CLI, PCI), Fixed Income, OTC Derivatives for FX, Rates, Equity and Commodity.

(2) Trade Confirmations Issuance

• Trade economic affirm on executed trades without trade sources (Reuter, email trade execution, Term-sheet, Broker etc.).
• Validate the paper trade confirmations, register the trades in Control List and deliver the trades confirmation in Ideal 3, Email attached Doc, Post mail.
• Reconcile auto-generate paper trade confirmations and release them accordingly.
• Record trades not drafted/release by T + 1with comment on cause of delays in DCFC and ORMU Weekly Report.
• Follow up those dispute trade confirmations not issued in DCFC, WCFC/MCFC and escalate with report per Escalation Ladder Matrix.
• Password protected on all trade confirmations delivered by Email doc attached.
• Scan and Library the Out-going trade confirmations respectively.

(3) Trade Confirmation Affirmation

• Check and affirm all incoming trade confirmations in Risk System, MX, BO Confirm status.
• Investigate on the discrepancies and escalate to the respective stakeholder for action. Record the Disputed Trade Confirmation in the Confirmation Database for monitoring and follow up actions.
• Trace on those trade confirmation not received/not acknowledge accordingly and escalate per Escalation Ladder Matrix.
• Weekly reporting on those unaffirmed aged trades to Team Lead/Manager and respectively Spokes for action/escalation.
• Scan and Library the affirmed trade confirmations.
• For inter-entity trades where trade confirmations need not be issued, run the inter-entity Trade Reconciliation, check on the unmatched and mismatched trades, investigate, raise/trace for trade match. Escalate on those aged items.
• Engage Business, Sales, Traders, RMs on those aged unaffirmed trade confirmations with follow up action register in the Doc Database.
• Signature verification per Signature Mandate of Clients\' Board Resolution for those returned Corporate paper confirmations. Investigate and follow up on any irregular signatories etc.

(4) Trade Events Notification

• Extract the trade events execution from Risk System, MX. Match with trade source, prepare the Notification.
• Any dispute, investigate and escalate to the respectively traders/Sales and Processing Team.
• Monitor and register all aged the unaffirmed Notification for escalation.
• Scan, release, signature verification and Library on those outgoing and returns trade Notifications.
• Issuance of Failure to Pay (FTP) and monitor the acknowledgement.
• Issuance of Novation Letter for Assigned trades. Reconcile the Assigned trades with Transferor.
• Manage the documentation and execution for trade compression by triOptima-triResolve.
• Attend to Corporate/Credit Events documentation issuance and affirmation per ISDA protocol and or Industry practice.

(5) Central Password Issuance

• Cover for Hub and Spokes. Each clients will be issued a single password to be use by all teams (Hub/spokes) to protect the documents.
• Generate, issue and controlled the registered the Password.
• Manage the renewal per the Email Policy and ISS Password Issuance Guideline.
• Attend and investigate on the any Password dispute.

(6) Trading Account Opening - Board Resolution (BR) Documentation

• Read and manage the Board Resolution related to Trades terms for acknowledgement.
• Clarify and trace with BMS Client Support for missing BR.
• Furnish aged report on missing and disputed BR to trades term to BMS Clients and RM/Sales.
• Library all the BR Documentation.

(7) Client Support on Trade Confirmation Related issue by Spokes

• Attend to Query by Spokes.
• Investigate and assisted Spokes on issue related to Trade Confirmation, Password issuance and Risk reporting.

Requirements

• Preferably Degree holder in Banking and Finance.
• Minimum 3 years of banking experience in various back-office operation functions which includes processing, reconciliations, confirmation etc.
• Good understanding of the end-to-end transaction lifecycle of OTC products.
• Proficient in MS Excel, VBA and Python are added advantage.
• Team player who can work independently.
• Able to work in fast paced environment.
• Willing to work on splits Ops locations.

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

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