Derivatives Analyst

2 weeks ago

Singapore DBS Bank Limited Full time
Business Function

Group Operations enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group Operations, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

About the Role:

We are seeking a highly motivated and detail-oriented Equity Derivatives Operations Specialist to join our dynamic team. This role offers a unique opportunity to leverage your expertise in equity derivatives operations while exploring the potential of Generative AI to streamline and enhance our processes. You will play a crucial role in ensuring the accurate and efficient processing of transactions, while actively contributing to the development and implementation of AI-driven solutions.

AI-Driven Automation: Collaborate with in-house developers to design, develop, and implement a system to automate tasks systematically, robustly, and scalable. This includes exploring the use of Generative AI to optimize various aspects of the operational workflow.

Responsibilities:
  • Regulatory Compliance: Develop a comprehensive understanding of US IRS 871m regulations and ensure all processes adhere to these requirements.
  • Product Knowledge: Build a strong foundation in various equity products and positions, including cash equities, plain and exotic equity/index options, and share borrowing and lending.
  • Collaboration and Business Understanding: Work closely with Treasury & Markets and Tax teams to understand business needs and incorporate these into operational processes.
  • Transaction Processing & Reconciliation: Perform periodic documenting, reporting, and withholding tax calculations; execute checking and reconciliation procedures; and submit tax filings to the IRS. Actively seek opportunities to improve the calculation/reporting process through automation.
  • Structured Product Deal Management:
    • Manage the deal validation process for Equity Structured Products in Murex (Equity Linked Notes, Equity Accumulators, SIPs).
    • Perform pre-settlement confirmations with counterparties and authorize payments via AMH.
    • Execute fixing procedures to determine structured deal payoffs.
    • Monitor valuation/expiration/barrier knocks for potential payouts.
    • Reconcile nostro accounts and general ledgers, manage failed trades, and reconcile trade positions between T&M risk systems and other bank deposit systems.
    • Configure instruments/indices.
    • Create structured product calculators as a secondary control check.
Requirements
  • Preferably Degree holder in Banking and Finance/ Accounting
  • Minimum 3 years of banking/accounting/ tax experience, specifically in the equity derivatives operations
  • Product knowledge of Cash Equities in global markets, plain and exotic equity / index option and share borrowing and lending
  • Experience in various back-office operation functions which includes processing, reconciliations, settlements etc
  • Good understanding of the end-to-end transaction management processes, predominantly in Structured products
  • Knowledge in Funding and SWIFT MT540, MT541, MT542, MT543, MT202
  • Ability to use MS Excel (and Excel macros), MS Access or VBA.
  • Ability to work with large data sets
  • Relevant knowledge of IRC Section 871(m) regulations will be an added advantage
  • Team player who can work independently, collaborating with different teams and work under pressure/ tight timeline
  • Willing to work on splits Ops locations.
Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

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