Job Description

Manager/AVP, Global Market Operations Center, Group Technology & Ops

Posting Date: 27-May-2023

Location:
Singapore (City Area), Singapore, Singapore, 048624

Company: United Overseas Bank Ltd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values - Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

About the Department

Group Technology and Operations (GTO) provides software and system development, information technology support services and banking operations.

We have centralized and standardized the technology components into Singapore, creating a global footprint which can be utilized for supporting our regional subsidiaries and the branches around the world. We operate and support 19 countries with this architecture to provide a secure and flexible banking infrastructure.

Our Operations divisions provide transactional customer services for our businesses while also focusing on cost efficiency through process improvements, automation and straight through processing.

Job Responsibilities

• Processing, reconciling, investigating and monitoring margin calls under VMCSA, CSA, GMRA, GMSLA and IMCSA: -

• review data quality prior to issuing margin calls issuance.
• respond to daily margin calls.
• dispute resolution through portfolio reconciliation
• perform and respond to control reporting to ensure effective break/fails and exceptions are explained.
• Vetting of legal agreements (VMCSA, CSA, GMRA, GMSLA, CTA and IMCSA) from a collateral management operation perspective.
• Provides subject matter support to business unit\'s strategic initiatives.
• Work closely with Technology, Operations group and business units to manage enhancements and new product implementations.
• Provide ongoing assessment and awareness of the regulatory environment and the bank\'s adherence to the regulations.
• Collaboration with oversea branches and subsidiaries, providing oversight on collateral management.
• Check and process interest settlements.
• Collateral management MIS reporting
• Month end reconciliations
• Ensure static data correctness in the bank\'s collateral management system.
• Any other duties assigned from time to time.

Job Requirements

• Degree in Economic/Finance/Management or experience in the banking industry
• Previous experience in Collateral Management, derivative Middle-Office and trade reconciliation a plus
• Knowledge in over-the-counter derivatives, and documentations like ISDA, CSA, VMCSA, GMRA, GMSLA and IMCSA etc preferred but not necessary
• Strong communication skills and team player, required for an effective liaison across multiple internal stakeholders
• Risk awareness and attention to detail
• Time management and ability to prioritize effectively based on the risk / time criticality of the tasks required
• Innovative mindset and able to improve processes to minimize risk and increase efficiency
• Fluency in English

Be a part of UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate\'s age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

Apply now and make a difference.

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