Derivatives Support Officer - Manager

Derivatives Support Officer

As Singapore's longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.

Today, we're on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia's leading financial services partner for a sustainable future.

We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.

Your Opportunity Starts Here.

As a Derivatives Support Officer at OCBC, you'll be at the heart of our trading operations, ensuring seamless execution and settlement of trades. You'll work closely with our traders, sales teams, and other stakeholders to provide top-notch support and drive business growth. It's a challenging and rewarding role that requires attention to detail, strong analytical skills, and excellent communication.

How you succeed

You will be responsible for post execution support for OTC derivative products for FX, ensuring timely and accurate capture of trades into Bank of Singapore core banking risk system. This is also a control function role requiring you to work closely with Front Office, Trading Desks, Settlements and Technology in managing the bank's risk relating to the supported product classes. These combined, you should be able to contribute significantly in a team setting, apply critical thinking to problem solving and excel under stressful conditions.

What you do

Trade Capture, Cancels and Amends

• Ensure accurately capture of trades into core banking platform within regulatory timelines
• Monitor and manage STP exceptions to ensure completeness and accuracy of bookings
• Perform validation of Dealer-hit trades in upstream systems
• Manage queries relating to trade bookings
• Perform inter-system reconciliations

Lifecycle Management

• Perform independent assessment of lifecycle events and reconcile against counterparties
• Book lifecycle results into core banking for settlements and positions to be updated
• Notify Front Office and Dealers on lifecycle outcomes
• Perform inter-system reconciliations

Settlements

• Ensure timely settlement of trades
• Investigate and resolve cash break/ nostro reconciliations
• Perform authorization and reconciliation on trades
• Perform inter-system reconciliations

Regulatory Reporting

• Perform daily validation and enrichment of derivatives reporting for MAS (DTCC) and HKMA (HKTR)

Change Management

• Identify control gaps and work with team to review process efficiency and deliver improvements
• Participate in project deliveries and UAT where nominated by line manager

Ad Hoc

• Manage any ad hoc assignments delegated by line manager

Who you are

- A degree in a relevant field, such as finance, economics

- At least 2-3 years of experience in trading operations, preferably in a similar role

- Strong analytical and problem-solving skills, with the ability to analyze complex data and develop creative solutions

- Excellent communication and interpersonal skills, with the ability to work effectively with traders, front office, and other stakeholders

- Strong attention to detail, with a focus on accuracy and timeliness

- Ability to work in a fast-paced environment, with a high level of adaptability and flexibility

- Knowledge of Temenos and regulatory reporting platforms preferred

What we offer:

Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.