Job Description

Business Function
Global Financial Market Operation (GFMO) 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 GFMO, 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 GFM on Fixed income, FX & OTC derivatives products etc.
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
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, Carbon, Crypto and Commodity.
Trade Confirmations issuance

• Trade economic affirm on executed trades without trade sources (Reuter, email trade execution, Term-sheet, Broker etc)
• Run trades execution report to account for the trade confirmation issuance
• Draft those trade confirmations not on Swift or Electronic Affirmed trades. Ensure the right ISDA template to use as per the Fx & Derivative Documentation Policy
• Monitor the queue of the Electronic Affirmed Platform to confirm all trades, investigate and escalation for those do not affirm
• 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 draft/release by T + 1with comment on cause of delays in DCFC and ORMU Weekly Report
• Follow up those dispute trade confirmations not issue 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

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 receive/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 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.
• 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.

Secondary 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.

Advisory on ISDA Negotiation related to Operations

• Review and approve on all deviations on ISDA negotiation on-boarding related to Trade Confirmation
• Update ISDA Agreement to Risk System MX. Include the other Master Agreement being DBS Master, etc.
• Facilitate the negotiation of ISDA on-boarding by furnishing details of live trade o/s to Legal
• Engaging and negotiating supplementary Master Agreement with ISDA counterparts to facilitate trade confirmation in compliance to ISDA confirmation issuance by Swift.

Trading Account Opening Board Resolution (BR) Documentation

• Read and manage the Board Resolution related to Trades terms for acknowledgement
• Clarify and trace with Relationship Manager for missing board resolution
• Furnish aged report on missing and disputed board resolution to trades term to COE Clients and RM/Sales.
• Library all the board resolution Documentation

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
• Min 5-8 years of banking experience
• 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
• Good understanding of GenAI
• 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.