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. Job Purpose We are looking for candidate who are highly motivated and a team player to support for Trade Confirmation Issuance and Trade Events Notification process covering mainly Global Certificate, Notes, Rates, Equity and Structured products. Candidate is also expected to execute Trade Confirmation Affirmation process and liaise with counterparties for any dispute in confirmation language Responsibilities

• Provide documentation activities for structured products
• Exercise due diligence in work and escalate whenever necessary
• Drive continuous improvement in legacy process using data driven approach
• Embrace Zero ops incident mindset and have control process on manual processes

Trade Confirmations Issuance

• Run trades execution report to account for the trade confirmation issuance
  • Draft those trade confirmations not electronic platform. Ensure the right ISDA/ Nafmii template to use as per the FX & Derivative Documentation Policy

• Validate the paper trade confirmations, register the trades in Control List and deliver the trades confirmation in eDoc, 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 Archive the Out-going trade confirmations respectively

Trade Confirmations 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.

• Run and investigate on the reconciliation between the Electronic Affirmed trades in Electronic system e.g. MarkitWire, Dsmatch with Risk System MX. Escalate on aged unsolved items

• Engage Business, Sales, Traders, RMs on those aged unaffirmed trade Scan and Archive the Out-going and In-coming trade confirmations respectively

• Signature verification per Signature Mandate of Clients’ Board Resolution for those returned Corporate paper confirmations. Investigate and follow up on any irregular signatories etc.

• Prepare the weekly Unaffirmed Aged Confirmation Report for escalation and tracers

• Prepare the monthly trended Unaffirmed Aged Confirmation Report to ORMU with comment

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

New Product Agreement (NPA) New and Lite (inclusive of PIR)

• Review related NPA (new and lite) related to Structured Trade Documentation

• Raise any deviations for execution

• Monitor and follow up on issues raised

• Review process to manage the execution of New Products to be launch/change

Advisory on ISDA Negotiation related to Operations

• Review and approve on all deviations on ISDA/SLA negotiation on-boarding related to Structured Trade Confirmation

• Update ISDA/SLA Agreement to Risk System. Include the other Master Agreement being DBS Master, etc.

• Facilitate the negotiation of ISDA/SLA on-boarding by furnishing details of live trade o/s to Legal and Business

• Engaging and negotiating supplementary Master Agreement with ISDA counterparts to facilitate trade confirmation in compliance to ISDA confirmation issuance by Swift

Requirements

• Minimally 5 years experience in various back office operation functions which includes processing, reconciliations, confirmation etc
• Preferably Degree holder in Banking and Finance
• Good understanding of the end to end transaction lifecycle of OTC products
• Proficient in MS Excel and MS Access or 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.
Primary Location: Singapore-DBS Asia Hub Job: Operations Schedule: Regular Employee Status: Full-time : Job Posting: Aug 14, 2022, 3:35:21 AM