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VP/AVP, XVA and Margin Optimization Desk, Collateral Mgmt, Global Markets in Singapore at UOB Group

Date Posted: 10/29/2018

Job Snapshot

Job Description

Functional area: Grp GM - Portfolio & Liquidity Management
Employment type: Full-time
Job Type: Permanent

Job responsibilities:
 
This is a key role within Global Markets (GM) front office with the objective of optimizing capital, collateral and funding costs associated with derivative positions, while meeting the various Basel regulatory requirements.
 
Responsibilities include the implementation of systems and work processes to monitor and attribute the costs of XVA and margins across various desks within Global Markets. The role requires managing the project to implement new IT systems to support the requirements. Day to day activities includes funding of securities using repos, securities lending and collateral swaps, and using such instruments for liquidity management
 
Other responsibilities include:
 
  • Working closely with Margining Operations to optimize the use of cash and securities for margin purpose.
  • Support legal team on the aspects of margins and eligible securities schedules in the GMRA, GMSLA and ISDA CSA negotiations.
 
Job requirements:
 
The incumbent is expected to have the following background and competencies:
 
  • Ability to deal with repo and/or Securities lending.
  • Good knowledge of OTC Derivatives and centrally-cleared derivative products, as well as understanding their impacts on various regulatory liquidity ratios.
  • Good understanding of the risk concepts under the Basel framework relating to SIMM and XVA.
  • Strong interpersonal and communication skills to engage various stakeholders.