Associate / Analyst, Structured Derivatives Processing, Treasury & Markets Operations, Technology an

Business Function

Group Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

Job Purpose

To provide the operation end to end support to T&M business, regionally, from the angle of equity derivatives products and to work towards achievement TMO Control Tower vision

Key Accountabilities:

• Provide end to end transaction management and settlement support for T&M structured products and provide accurate and timely settlement processing
• Risk Control, risk architecture and managed quality
• Build a data driven culture with data analytic capabilities

Job Duties & Responsibilities:

• Develop a broad understanding of the requirement of US IRS 871m regulation
• Develop basic understanding of a variety equity products and positions
• Work closely with Treasury & Markets and Tax, to understand the business needs and the requirements pertaining to the tax regulation
• Perform periodic documenting, reporting and withholding tax calculation
• Perform checking, reconciliation and subsequently tax filing to IRS
• To further refine the calculation / reporting process
• Work with in-house developers to develop a system to automate these tasks in a systematic, robust and scalable manner
• Deal validation process for Equity Structured Products in Murex which comprises of equity linked notes, equity accumulator, Structured Investment Products (SIP)
• Perform pre-settlement confirmation with counterparties, authorization of payment via AMH
• Perform Fixing procedures for the purpose of determining the payoff of the structured deal
• Monitoring of valuation/expiration/barrier knocks for potential payouts
• Reconciliation process of nostro accounts and general ledgers, managing failed trades and reconciliation of trade position between T&M risk system and other bank deposit system
• Configuration of instruments / indices
• Creation of structured product calculators to determine the payoff of each structured deals as a secondary control check

Requirements:

• Preferably Degree holder in Banking and Finance/Accounting
• Min 3 years of banking/accounting/ tax experience, specifically in the equity derivatives operations
• Product knowledge of Cash Equities in global markets, plain and exotic equity / index option and share borrowing and lending
• Experience in various back-office operation functions which includes processing, reconciliations, settlements etc
• Good understanding of the end-to-end transaction management processes, predominantly in Structured products
• Knowledge in Funding and SWIFT MT540, MT541, MT542, MT543, MT202
• Ability to use MS Excel (and Excel macros), MS Access or VBA
• Ability to work with large data sets
• Relevant knowledge of IRC Section 871(m) regulations will be an added advantage
• Team player who can work independently, collaborating with different teams and work under pressure/ tight timeline
• Willing to work on splits Ops locations

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.