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 managethe majority ofthe Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.
To provide the operation end to end support to T&M business, regionally, from the angle of equity derivatives products and to work towards achievement TMO Control Tower vision
Responsibilities
- Provide end-to-end transaction management and settlement support for T&M structured products and provide accurateand timely settlement processing.
- Risk Control, risk architecture and managed quality.
- Build a data-driven culture with data analytic capabilities.
- 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 and the requirements pertaining to the tax regulation.
- 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.
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We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.
