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Vice President, Global Markets Operations Centre - Derivatives - Trade Support Operations in Singapore at UOB Group

Date Posted: 2/14/2018

Job Snapshot

  • Employee Type:
  • Location:
  • Job Type:
  • Experience:
    At least 10 year(s)
  • Date Posted:

Job Description

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

This role reports to the Derivatives Department Head, in Global Markets Operations Centre, assisting in day to day processing, oversight of Derivatives products / Markets products and their trade life cycle management requirements and processes and regulatory trade reporting. This will include FX Forward, NDF, FX Options, Interest Rate Swaps, Cross Currency Swaps, Swaptions, Equity Derivatives Option, Commodities Option, Special Corporate Actions etc. To review and monitor procedures and processes to make sure that the valid support model is always in place and that the appropriate documentation is kept up to date. Rolling out and embedding the global supervisory framework to overseas branches and subsidiaries. Trade reporting submission complied with regulations and requirement. New market products and new business initiatives review. 

  • Providing support of daily BAU
  • Manage all market products their trade life cycle management requirement and processes.
  • Review and monitor end of day control check from completeness stand point. This will include system booked products in GMP, manual booked products in GMP Proxy versus manual spreadsheet and WSS for overseas.
  • Ensure barrier monitoring is completed and any   escalation to Front Office is follow up ASAP and closed properly.
  • Identify issues and co-ordinate with relevant divisions internally (e.g. Front Office, Product Control, BMS, MRM etc.) for prompt resolution on disputed points ASAP.
  • Advising on Operational issues and concerns arising from workflow processing review for new market products / new business requirement.  
  • Participate in any relevant industry initiatives and developments for Trade Reporting (e.g.  ISDA conference call, DTCC meeting, MAS working group etc.)
  • Ensure that team members follow the procedure and all the procedures are drafted in lines with the Banking Policy.
  • Review and submit weekly, bi-weekly and monthly statistics including volume cap to management
  • Investigate on irregularities noted and escalate to Department Head
  • Customer Service Management
  • Investigate and resolve customer complaints (both internal and external client), and operational issues brought to the team’s attention
  • Proactively support and partner with Global Markets to deliver quality service that exceeds customers’ expectations 
  • Establishing close working relationship and networks at all levels, with multiple stakeholders including Front Office, Product Control, Risk, to drive a common understanding of shared goals, priorities and alignment across the business requirement.
  • Human Resource Management
  • Supervise and provide guidance to staff members, and coordinate workflow so that the team is efficient and effective in carrying out their daily responsibilities.
  • Planning as well as daily management of work operations.
  • Strong leadership abilities and desire to train junior staff.
  • Ability to analyze issues and develop recommendations for improvements.
  • Ensure the maximum utilization of the manpower and resources to achieve the highest productivity for the team.
  • Coordinate scheduling, coverage rotations and essential duty assignments for team as needed.
  • Maintain a clean and orderly working environment and help to look after interest of the team members.

  • Recognized Degree or Diploma in any one or a combination of these specializations – Banking / Finance / Accountancy / Computing.
  • Minimum 10 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 Derivatives and Markets products and their Trade Life Cycle management requirements and processes like Knock In/Knock Out/Exercise, End of Day (EOD) key controls, Trade Reporting market practice and governance etc.
  • A proven record of completing a Trade Reporting project.
  • Meticulous attention to detail and strong analytical.
  • 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