eFinancialCareers

• Company

  Charterhouse Partnership

• Location

  Singapore

• Compensation

  Competitive

• Position Type

  Employee

• Employment type

  Full time

• Updated

  05 Aug 2008

• eFC Ref no

  422448

The incumbent shall work closely with all segments of Infrastructure to support the growth in Derivatives and Structured Notes business, and supervise and be accountable for the day-to-day running of the services team in Global Wealth Management.

1) New Product Review

To participate in the New Product Review process within the Derivatives Client Services space.

2) Centre of Excellence

To keep abreast of developments in the derivatives business in order to service the PWMs, CSOs and Financial Product Group.

To this end, the incumbent shall have sound knowledge in the following:

Products

FX, Equity, Debt / Fixed Income and Commodities

Fixings / Expiries / Exercise Decisions

Understanding of the monitoring of upcoming fixings, expiries, exercises for relevant products, and the need for appropriate information flow and action on a timely basis.

Trade / Settlement Related Issues

Understanding of settlement-related issues – facing both Street and client accounts.

Trade Reconciliation

Understanding of the control issues around population / position control and reconciliation processes of all derivatives trades done for the clients, and with other ML entities and various authorised brokers.

3) Trade Confirmations

To ensure that all relevant confirmations are dispatched on time and track the return of the executed confirmations. Maintain a log of unreturned confirmations to facilitate a weekly aging analysis, and prompt follow up with the PWMs and CSOs.

4) Maintain Open Dialogue

To maintain two-way communication with various Infrastructure segments, product specialists, PWMs and CSOs.

5) Procedures and Policies

To work closely with Ops Risk, Compliance and Legal as required to ensure procedures are developed, refined, observed and updated as the business evolves or as mandated by the relevant regulators.

6) Projects

To lead / participate in ad-hoc initiatives and project roll-outs to streamline processes and to improve effectiveness and efficiency of the team.

7) Staff development

Oversee staff development, and arrange training where necessary to ensure that staff are adequately equipped to carry out their respective functions.

Additionally, institute a job rotation programme within the team to ensure sufficient coverage across the functions, and to promote variety in the staff’s learning and training schedule.

Professional experience and business exposure

Minimum six – eight years working experience in the Operations or Middle Office (three years in a supervisory role), with a sound knowledge of FX, equity, commodities and debt derivatives.

Sound knowledge in derivatives, settlement / remittances, corporate actions, expiries / exercises of products with optionality

Familiarity with month-end price sources for securities such as Bloomberg and Reuters an advantage