FX & Money Market (Capital Market, Back Office)
Our client, a major global investment bank is currently looking for
Position reports to Head
- Capital Markets Back Office, Singapore
PRIMARY OBJECTIVES:
- Responsible for day to day processing of FX and MM operations, i.e. processing and settlement of FX and MM products
- Foster co-operation and communication with Front Office, Middle Office, Head Office, customers and external authorities.
- Performing permanent supervision of accounts and procedures including monthly reconciliation of all sub systems (including spreadsheets) to general ledger
- Ensuring policies, procedures, best practices, mission and objectives set by OPER management are adhered to on daily discharge of duties
- Participate in implementation of regional projects
- Performing operational duties including checking and authorisation of payments, system inputs, securities settlement, accounting entries and trade confirmations
- Handling of related corporate actions and securities settlement in discharge of custodian role
- Update operational procedures
MAJOR ACCOUNTABILITIES/PRINCIPAL RESPONSIBILITIES:
Products handled :
- Responsible for accurate booking, processing and settlement of transactions
- Responsible for ensuring that all operational issues are resolved, procedures and controls are updated and reviewed periodically.
- Responsible for corporate actions and settlement of securities under custody
- Observe operational risks and controls including business contingency.
- Daily transactional duties include:
* Check deal inputs in back office systems
* Ensure timely processing of periodic fixings/resets, option expiry and necessary products life cycle follow-up
* Prepare and check daily accounting entries
* Check & release SWIFT settlement instructions in SWIFT or SRG
* Check trade confirmations and supporting documents
* Handle corporate actions and related actions required for portfolio under custody
- Monthly duties include Prepare monthly permanent supervision report and follow up with discrepancies
* Prepare and check monthly statistics reporting
* Reconcile securities holdings with the external custodians’ statements
* Prepare monthly custody statements and related billings for clients
* Prepare revaluation and other monthly entries for posting in ledger
- Any ad-hoc duties which may be requested by management
KEY SKILL AREAS & KNOWLEDGE REQUIRED:
- 8 ~ 10 years relevant experience in FX and MM products and processing.
- Good product knowledge in FX and MM products.
- Working knowledge of ISDA documentation, IAS accounting standards and FSA Act.
- MS Office applications
- Team player with excellent communication skills
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