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AVP / Manager, Global Markets Operations - Derivatives Documentation & Client Valuation (1-Year Renewable Contract) in Singapore at UOB Group

Date Posted: 2/3/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Singapore
  • Job Type:
    Operations
  • Experience:
    At least 5 year(s)
  • Date Posted:
    2/3/2018

Job Description

Functional area: T&O Wholesale/Global Markets
Employment type: Full-time
Job Type: Permanent

This role reports to the Derivatives Documentation & Client Valuation team head, in Global Markets Operations Centre, assisting in day to day process of OTC Derivatives products legal Trade Confirmation and MTM Valuations provided to GMIM/PB/PFS clients. Subject-matter knowledge of OTC documentation and a clear understanding of a variety of clauses (and fallbacks) from agreements.
 
Providing support of daily BAU
 
  • Manage the legal Trade Confirmation processing of Over-The-Counter (OTC) Derivatives (both plain vanilla and structured derivatives) of all Asset Classes and structured deposits
  • Review and Draft of the legal Trade Confirmation as per input of key parameters, economic and non-economic from GMP / GMP Proxy / Manual spreadsheet / WSS
  • Cross check various data sets in order to ensure that Global Market Structuring Dealers and Sales correctly book deals in GMP / GMP Proxy / WSS of completeness and accuracy
  • Ensure trade confirmations are reviewed and duly executed in a timely manner
  • Ensure outstanding confirmations are properly chase up, escalated until fully executed
  • Identify issues and co-ordinate with relevant divisions internally (e.g. Legal/LDNC, Credit, GMIM desks etc.) for prompt resolution on disputed points ASAP
  • Ensure client MTM valuation reports / statements are reviewed and duly executed in a timely manner (e.g. ad-hoc , daily, monthly requests etc.)
  • Liaise with PCG group (formerly known as MRC) with regards to MTM valuation specifically on non-system computed transactions
  • Ensure that all OTC Derivatives Trade Confirmation templates are reviewed, vetted and approved by Legal / LDNC
  • Review and submit weekly, bi-weekly and monthly statistics including outstanding trade confirmations and follow up action points to management
  • Investigate on irregularities noted and escalate to the Team Head
 
Customer Service
 
  • Investigate and resolve customer complaints
  • Proactively support and partner with Global Markets to deliver quality service that exceeds customers’ expectations 
 
Team Coverage
 
  • Ability to analyze issues and develop recommendations for improvements
  • Coverage rotations and essential duty assignments for team as needed
 
Job requirements:
 
  • Recognized Degree or Diploma in any one or a combination of these specializations – Banking / Finance / Accountancy / Computing
  • Minimum 5 years of work experience in an Operations environment within a financial institution, preferably in derivatives and structured products
  • Candidates are required to be proficient in Trade Confirmation Template by Asset Classes, ISDA languages etc
  • A proven record of completing complex legal trade confirmation or documentation.
  • Meticulous attention to detail and strong analytical plus drafting skills
  • Ability to multi-task, identify priority issues and excellent execution style
  • Process improvement experience
  • Possess strong communication and analytical skills
  • Highly driven and able to work under pressure