Associates / SA, Security Settlement Operation Specialist (Wealth Managemen at DBS Bank

Singapore, Singapore, Singapore -

Full Time

Start Date

Immediate

Expiry Date

28 Jul, 26

Salary

0.0

Posted On

30 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Trade validation, Settlement operations, Wealth management, Structured products, OTC derivatives, Reconciliation, Avaloq, Swift messaging, Regulatory reporting, MAS compliance, Risk management, Process improvement, MS Excel, MS Word, Back-office support

Industry

Banking

Description

Job Description Dual maker and Checker role on trades validation and ensures on-time settlement of all trades (Equity, Bonds, Structured Products, OTC Derivatives, Interest Rate Swaps, Other complex FX Swaps. Processing of post trade product life event of structured Notes and OTC Derivatives including but not limited to Early termination, Interest processing, final maturity & so on Ensure settlements of trades are in compliance to policies, procedures and market regulations. Ensures full compliance with all policies and regulations including SFA’s T+X+1. Complete adherence to SLAs with Wealth Business and other internal and external customers. Assists in liaising with counterparties for any issue to ensure fast and effective resolution. Ensure proper and timely reconciliation of cash, securities and other GL accounts. Conduct end-of-day checks of Avaloq orderbooks and make sure that there are no trades left unattended and unprocessed. Ensure that all Derivatives regulatory reporting to MAS are done on timing basis. Reviews and assesses processes and introduce system improvements for efficiency and controls. Participates in system’s UAT as and when assigned. Keeps SOPs and process maps updated for any process changes. On-time escalation of issues and risks to the Team leader or to the Department Head. Performs other duties that may be assigned from time to time. Requirements Experience in a private banking and wealth management environment in the backend operation. Adequate Knowledge of Investment Products (i.e. Structured Product/Derivatives) Adequate Knowledge of Swift Message i.e. MT2X/MT5X/MT6X Have some knowledge of MAS regulatory reporting Functional knowledge/experience in back-office support is required Able to multi-task, a good team player, Self Motivated with good interpersonal skills Able to take on new tasks as required by the business and by the management Meticulous, alert & have an eye for figures & details. Good work Knowledge of MS Office applications especially MS Word and MS Excel. Prefer to have knowledge of Avaloq Diploma / Degree in Banking, Business Studies or other related course of studies Location: DBS Asia Hub Job: Operations Schedule: Regular Employee Status: Full time DBS is more than a bank — we're shaping the future of finance and communities. With innovation at our core and impact in our DNA, we go beyond banking to build careers, relationships, and a better world. DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 15 consecutive years from 2009 to 2023. DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets and is committed to building lasting relationships with customers. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities.

Responsibilities

The specialist is responsible for the validation and timely settlement of various financial trades, including equities, bonds, and complex derivatives. They must also ensure full compliance with regulatory reporting requirements and maintain accurate reconciliation of accounts.