Associates / SA, Security Settlement Operation Specialist (Wealth Management Operations), CBWMO, Group COO

Job Description

• Dual maker and Checker role on trades validation and ensures on-time settlement of all trades (Equity, Bonds, Structured Products, OTC Derivatives, Interest Rate Swaps, Other complex FX Swaps.

• Processing of post trade product life event of structured Notes and OTC Derivatives including but not limited to Early termination, Interest processing, final maturity & so on

• Ensure settlements of trades are in compliance to policies, procedures and market regulations.

• Ensures full compliance with all policies and regulations including SFA’s T+X+1. Complete adherence to SLAs with Wealth Business and other internal and external customers.

• Assists in liaising with counterparties for any issue to ensure fast and effective resolution.

• Ensure proper and timely reconciliation of cash, securities and other GL accounts.

• Conduct end-of-day checks of Avaloq orderbooks and make sure that there are no trades left unattended and unprocessed.

• Ensure that all Derivatives regulatory reporting to MAS are done on timing basis.

• Reviews and assesses processes and introduce system improvements for efficiency and controls. Participates in system’s UAT as and when assigned.

• Keeps SOPs and process maps updated for any process changes.

• On-time escalation of issues and risks to the Team leader or to the Department Head.

• Performs other duties that may be assigned from time to time.

• Experience in a private banking and wealth management environment in the backend operation.

• Adequate Knowledge of Investment Products (i.e. Structured Product/Derivatives)

• Adequate Knowledge of Swift Message i.e. MT2X/MT5X/MT6X

• Have some knowledge of MAS regulatory reporting

• Functional knowledge/experience in back-office support is required

• Able to multi-task, a good team player, Self Motivated with good interpersonal skills

• Able to take on new tasks as required by the business and by the management

• Meticulous, alert & have an eye for figures & details.

• Good work Knowledge of MS Office applications especially MS Word and MS Excel.

• Prefer to have knowledge of Avaloq

• Diploma / Degree in Banking, Business Studies or other related course of studies

Location:

DBS Asia Hub

Job:

Operations

Schedule:

Regular

Employee Status:

Full time