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Analyst, Structured Derivatives Processing, Global Financial Markets Operations (GFMO), Group Operations (WD72022)
Salary undisclosed
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Business Function
Group Technology and Operations (T&O) 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 T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.
Responsibilities
Requirements
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.
Group Technology and Operations (T&O) 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 T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.
Responsibilities
- Develop a broad understanding of the requirement of US IRS 871m regulation
- Develop basic understanding of a variety equity products and positions
- Work closely with Treasury & Markets and Tax, to understand the business needs
- Perform periodic documenting, reporting and withholding tax calculation
- Perform checking, reconciliation and subsequently tax filing to IRS
- To further refine the calculation / reporting process
- Work with in-house developers to develop a system to automate these tasks in a systematic, robust and scalable manner.
- Deal validation process for Equity Structured Products in Murex which comprises of equity linked notes, equity accumulator, Structured Investment Products (SIP).
- Perform pre-settlement confirmation with counterparties, authorization of payment via AMH
- Perform Fixing procedures for the purpose of determining the payoff of the structured deal
- Monitoring of valuation/expiration/barrier knocks for potential payouts
- Reconciliation process of nostro accounts and general ledgers, managing failed trades and reconciliation of trade position between T&M risk system and other bank deposit system
- Configuration of instruments / indices
- Creation of structured product calculators to determine the payoff of each structured deals 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.