Trade Services – Derivatives & FX Trade Services (Mgr)

As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.

 Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future.

 We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.

Your Opportunity Starts Here.

Trade Services – Derivatives & FX Trade Services (Mgr)
The incumbent will be responsible for post execution support for OTC derivative products across FX, Equities and Rates, ensuring timely and accurate capture of trades into Bank of Singapore core banking risk system. This is also a control function role requiring the incumbent to work closely with Front Office, Trading Desks, Settlements and Technology in managing the bank’s risk relating to the supported product classes. These combined, the incumbent should be able to contribute significantly in a team setting, apply critical thinking to problem solving and excel under stressful conditions.

Main Duties

Trade Capture, Cancels and Amends

• Ensure accurately capture of trades into core banking platform within regulatory timelines

• Monitor and manage STP exceptions to ensure completeness and accuracy of bookings

• Perform validation of Dealer-hit trades in upstream systems

• Manage queries relating to trade bookings

• Perform inter-system reconciliations

Lifecycle Management

• Perform independent assessment of lifecycle events and reconcile against counterparties

• Book lifecycle results into core banking for settlements and positions to be updated

• Notify Front Office and Dealers on lifecycle outcomes

• Perform inter-system reconciliations

Settlements

• Ensure timely settlement of trades

• Investigate and resolve cash break/ nostro reconciliations

• Perform authorization and reconciliation on trades

• Perform inter-system reconciliations

Regulatory Reporting

• Perform daily validation and enrichment of derivatives reporting for MAS (DTCC) and HKMA (HKTR)

Change Management

• Identify control gaps and work with team to review process efficiency and deliver improvements

• Participate in project deliveries and UAT where nominated by line manager

Ad Hoc

• Manage any ad hoc assignments delegated by line manager

Requirements

• Minimum of 2 years in OTC derivative products space in either FX, Rate and/or Equities

• Experience working with Front Office (Bankers/Traders) and counterparties

• Knowledge of Temenos and regulatory reporting platforms preferred
• Degree or Diploma qualified 

• Strong Microsoft Excel skills – VBA preferred 

Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.