Total 3 product specialist job vacancies in Others category in Singapore

This position within the Post Onboarding Review team in Client Onboarding & Lifecycle Management (“COLM”) is primarily responsible to support the Bank’s continued AML/CFT monitoring and reviews. The successful candidate is expected to have a basic understanding of AML and SOW principles and be able to analyse situations to identify gaps and risks in KYC information and documentation, and to be able to work well within a team and yet take initiative and ownership over his/her own area of work.

Roles & Responsibilities

• Review and approve changes to client’s KYC information which includes change in account structure, change in ultimate beneficial ownership, increase in declared net worth etc.
• Identify and assess risk issues relating to clients during the review and provide appropriate resolution and decision making.
• Advise Front Office on requirements pertaining to KYC documentation for existing clients arising from changes in ownership or account structure
• Monitor the Team’s mailbox to ensure enquiries from Front Office are promptly handled or escalated
• Collate and prepare statistics for periodic status updates to Front Office and Senior Management
• Liaise with Relationship Managers or Business Compliance Managers on issues pertaining to outstanding cases

SOW Uplift Project

• The incumbent will be responsible to ensure that the standards of SOW corroboration of High-Risk clients are uplifted to prevailing standards. This includes reviewing the client’s source of wealth to ensure plausibility and to check for appropriate level of corroboration and evidence to identify the client’s original source of funds and wealth growth.
• Perform corroboration and plausibility analysis on the SoW write-up in accordance with the bank’s SoW guidelines.
• Review information from multiple sources to ensure complete and consistent information across the clients’ profile.
• Follow up with the Relationship Managers where additional information or clarifications are required and support them by ensuring the final write-up meets the internal requirements.
• Accurately document your plausibility assessment, with the supporting documents into the template and archive within the system.
• Provide transparency and oversight to senior management to ensure cases are reviewed and completed in a timely manner and any issues are identified early.
• Other administrative duties as assigned by the Supervisors or Team Head

Requirements

• 2 years of experience in similar function. Private banking exposure is preferred but not a must.
• Strong attention to detail and controls, and can grasp new ideas and concepts quickly
• Ability to work under pressure, and manage workload and deadlines effectively
• Sound interpersonal skills and relationship building abilities
• Effective verbal and written communication skills

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Competent in Microsoft Office tools, particularly Excel

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University degree in Accountancy, Finance, Business Administration or equivalent, or higher education

Bank of Singapore opens doors to new opportunities.

Start your career with Bank of Singapore as a Reporting Analyst (1 Year Contract) in our Securities Regulatory Services Team!

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. We offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

You will be working in the Securities Regulatory Reporting Team to support the bank in meeting its MAS610/ SFA/ HKTR/ MiFir reporting obligation by producing high quality reports and performing the submissions on a timely manner.

Responsibilities:

• Perform daily validation of various derivatives reports and submit to DTCC (for MAS SFA) and HKTR (for HKMA) on a timely and accurate manner.
• Perform daily validation of transactional information to be submitted for MiFIR reporting.
• Perform monthly validation of MAS610 turnover report which is in turned handed over to Finance department for their upwards submission.
• Monitor the De Minimis Threshold Monitoring Report and flag for exceptions as required.
• Opportunity to work closely with various operations teams and technology teams to address any discrepancies/exceptions that arise.
• Additional actions include obtaining accurate information from various data sources to be manually enriched in the appropriate format as necessary.
• Participate in User Acceptance Testing (UAT)/Regression Testing arising from the change of regulations / business processes / system behaviours from time to time.
• Identify and propose process improvements as necessary.
• Support the maintenance of operational procedures from time to time & ensure adherence to control standards.
• Support on queries pertaining to the reporting processes.
• Support on other ad-hoc requirements as required from time to time.
• Working location - Tampines

Qualifications

• Preferably university degree in finance or accounting.
• Working experience of at least 1 year in OTC derivative products space in either FX, Rate and/or Equities.
• Strong Microsoft Excel skills.
• Responsible and willing to take ownership of assigned tasks, ensuring quality completion, abiding to timelines.
• Display high attention to details and able to pick up discrepancies.
• Follow through appropriately for rectification of exceptions.
• Working experience of Temenos T24 will be an added advantage.
• Working knowledge of VBA/Python scripting will be an added advantage.

Bank of Singapore opens doors to new opportunities.

Start your career with Bank of Singapore as an Operational Specialist (6 months contract) in our Securities Services, Trade Services Team!

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. We offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

Responsibilities

• Perform trade capture for Equities, Fixed income and Structured note transactions
• Handle processing tasks covering trade booking, trade validation and matching with counterparties
• Handle trade exceptions that did not automatically book through STP channels
• Ensure settlement instruction is released and trades are settled promptly with counterparty in market
• Investigate with counterparties, custodians and dealers on trade discrepancies
• Investigate reconciliation cash and position breaks arising from security transactions
• Monitoring and follow up on failing trades
• Perform daily end of day checks
• Support UAT testing
• Ad-hoc task assigned by Line Manager

Qualifications - External

Work Experience Requirements

• Minimum 3 years professional experience in the financial industry
• Securities product knowledge is a plus

Education Requirements

• Good knowledge of Microsoft Office and SWIFT. Knowledge of CTM and T24 will be a bonus.

Essential Skills

• Client-oriented mindset
• Team Player with ability to work independently and with a can-do attitude
• Highly organized with excellent attention to detail
• Excellent time management and prioritization skills
• Able to identify key issues and propose process improvement; self-starter
• Ability to adopt and maintain a logical approach in critical situations
• Good sense of control and regulatory awareness
• Ability to work and deliver under time pressure.