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

• 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.