Derivatives Support Officer – Documentation and Reconciliation (Manager)
- Singapore
- Permanent
- Full-time
The incumbent will be responsible for post execution support for OTC derivative products across FX, Equities derivatives and Rates, mainly focusing on documentation and reconciliation. This is also a control function role requiring the incumbent to work closely with Trading Desks, external counterparties, 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.What you doDocumentationPerform validation on long form ISDA confirmation for FX derivatives and Equities derivatives products received from counterparties against our trade booking in T24 core systemLiaise with counterparties/internal stakeholders for any trade discrepanciesDaily update tracker and monitoring of non-receipt of confirmation from counterparties and escalation where applicableUpdate weekly control report to ensure our documentation control aligned with KRIReconciliation and reportingPerform inter-system and position reconciliationsInvestigate any recon breaks flagged and escalate to the relevant parties where necessaryPerform daily validation and enrichment of derivatives reporting for MAS (DTCC) and HKMA (HKTR)Collateral ManagementReconcile and manage BOS cash collateral with counterpartiesLiaise with risk team in the event of disputes arising from calling / top-ups of collateralChange ManagementIdentify control gaps and work with team to review process efficiency and deliver improvementsParticipate in project deliveries and UAT where nominated by line managerAd HocManage any ad hoc assignments delegated by line managerWho you areMinimum of 2 years in OTC derivative products space in either FX, Rate and/or Equities DerivativesPrior experience in documentation preferredExperience working with counterparties and internal stakeholders (settlements/traders/bankers)Knowledge of Temenos and regulatory reporting platforms preferredDegree or Diploma qualifiedStrong Microsoft Excel skills – VBA preferredWho we are
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.What we offer
Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Equal opportunity. Fair employment. Selection based on ability and fit with our culture and values. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.What we offer: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.