Derivatives Support Officer

Who We AreAs 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.Derivatives Support OfficerWhy JoinThe incumbent will be responsible for the post-execution support of new and existing Equities and rates derivative products, ensuring timely and accurate capture of trades into Bank of Singapore core banking risk system. This is also a control function role requiring the incumbent to work closely with Front Office, Trading Desks and Technology in managing the bank’s risk relating to the supported product classes. These combined, the incumbent should be able to contribute significantly in a team setting, apply critical thinking to problem solving and excel under stressful conditions.What you doTrade Capture and Trade Lifecycle management Ensure accurate capture and processing of trades into Bank’s core banking platform within regulatory timelinesMonitor and manage STP exceptions to ensure completeness and accuracy of trade bookingsManage queries from internal and external stakeholders relating to trade bookings and /or trade lifecycle events.Perform independent assessment of lifecycle events and reconcile against counterpartiesBook lifecycle resultants into core banking for settlements and update of clients positionsControlsPerform End of Day control checks and ensure BAU tasks are completedReconcile and investigate any inter-system breaks flagged escalate to the relevant parties where necessaryNostro and Stock Breaks investigation and resolutionPerform daily validation and enrichment of derivatives reporting for MAS (DTCC) and HKMA (HKTR)Collateral managementReconcile and manage BOS cash collateral with counterpartiesLiaise with risk team in the event of disputes arising from calling / top-ups of collateralDocumentation and ReconciliationPerform validation on long form ISDA confirmation for FX derivatives and Equities derivatives products received from counterparties against our trade booking in T24 core systemLiaise with counterparties/internal stakeholders for any trade discrepanciesDaily update tracker and monitoring of non-receipt of confirmation from counterparties and escalation where applicableUpdate weekly control report to ensure our documentation control aligned with KRI Change ManagementIdentify control gaps and work with team to review process efficiency and deliver improvementsParticipate in project deliveries and UAT where nominated by line managerAd HocManage any ad hoc assignments delegated by line managerWho you are3 to 5 years experience in Private Bank Operations, especially in the area of Equities Settlements or Equity Derivatives role.Clear written & verbal communication skills with all stakeholders, including Dealers, Front Office, and other support divisionsAbility to work and deliver effectively under time pressureWorking knowledge on industry platforms like Temenos or Triresolve is preferredFamiliarity on derivatives regulatory reporting requirements and VBA is a plusDegree or Diploma qualifiedWho we areAs 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.What we offerCompetitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Equal opportunity. Fair employment. Selection based on ability and fit with our culture and values. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.What We OfferCompetitive 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.