Junior Operations Officer

3 days ago


Singapore VP Bank Ltd Singapore Branch Full time

VP Bank Ltd was founded in 1956 and, with over 1'000 employees, ranks amongst the largest banks in Liechtenstein. VP Bank is present with offices in Vaduz, Zurich, Luxembourg, Singapore, Hong Kong and Road Town (British Virgin Islands). Its core competencies include the development of tailor-made financial solutions for intermediaries and private individuals as well as access to private market investments via a curated ecosystem. In addition, the Group has an international fund competence centre. VP Bank is listed on the SIX Swiss Exchange and has received an “A” rating from Standard & Poor’s.

Your Responsibilities
- Manage the complete lifecycle of accumulator and decumulator (ACDC) instruments (FX and Equity underlyings, Pivots, Target Redemption Forwards). This includes set-up and creation of instrument of Avaloq, creation of long-form confirmation, management of fixing events, corporate actions, knock-outs, expirations and any other miscellaneous events.
- Manage the control, calculations and checks of valuations for OTC derivatives and execute the subsequent upload into Avaloq
- Regular control of valuations for structured products and checking with issuers for updates if needed
- Upload valuations for structured products in Avaloq before 'old price issues' kick-in
- Inform front office about lifecycle events for structured products
- Be the point-of-contact for questions about OTC derivatives for both ACDCs and Options, from local front office, head office Operations and other relevant parties
- Build up wider knowledge about the processes and workflows for OTC derivatives as needed

Your Profile
- Degree in Business/Finance or other relevant streams
- Up to 3 years of experience in Financial sector will be an advantage
- Basic understanding of financial products, though knowledge of ACDC products will be an advantage
- Meticulous and strong in data management
- Proficient in Microsoft Office, mainly Excel
- Good command of English (speaking and writing)

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