Markets Operations – Collaterals management Analyst, Assistant Manager - AVP
OCBC Bank · Singapore
WHO WE ARE:
As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.
Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future.
We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.
Your Opportunity Starts Here.
About the Department
Markets Operations spans across 10 countries and the department plays a critical role in supporting our business stakeholders to execute and support the Global Businesses’ operational activities including pre and post settlements, trade control and documentation. Markets Operations Singapore is both the Headquarters and the Centre of Excellence, centralizing majority of the operational activities for selected APAC branches and subsidiaries.
Markets Operations is embarking on a global transformation journey, providing a suite of operational support services to our business units while focusing on cost efficiency through process re-engineering, automation and straight through processing.
About the job
Your main responsibility is to ensure collateral calls / recalls relating to Credit Support Annex and Global Master Repurchase Agreement are well managed
Ensure timely and accurate payments/receipts of cash
Investigates collateral disputes/ discrepancies and ensure that such disputes/ discrepancies are promptly resolved.
Ensure all collateral calls to counterparties are made within Notification Time
Perform portfolio reconciliation as well as investigate and resolve disputes
Provide assistance to Legal in the review of collateral agreements during negotiation phase
Manage the set-up of new collateral agreements and accounts
Ensure all queries and escalations are managed in a timely manner
Establish and maintain a strong working relationship with internal and external stakeholders
Drives process improvement and system automation.
Drive new ways of working and behaviour across organisation to deliver faster, better, cost-efficient customer (internal and external service)
Participate / Support in projects, business-driven initiatives and UAT
Ensure compliance to Department and Bank’s operational risk and regulatory requirements.
Continuous participation to “Growing the Team”: formalisation of team procedure, training, coaching colleagues, brainstorm ideas for any occasions, creating a fun environment among others)
Skills and experience required
Degree holder preferred
Good knowledge of Treasury products (e.g. Securities, Derivatives, Securities Lending) preferred
Good understanding of Front to Back Trade operational processes. Experience in Collateral Management and/or Collateral agreements such as ISDA Credit Support Annex & Global Master Repurchase Agreement is advantageous
Exhibits good communication and interpersonal skills, flexibility and accountability
Ability to work in a fast-paced environment with good time management
Innovative mindset and constantly on the lookout to improve efficiency
Proficient in Microsoft Office applications
Side Note:
Able to work on weekends and Public holidays when required
This is a 100% Work -in- Office role, based at Tampines
During the interview, a 5-minute assessment test will be administered. To ensure optimal performance, please attend the interview in a composed and alert frame of mind . Further details regarding the test will be provided during the interview.
The rank offered will align with your demonstrated expertise and background
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What we offer:
Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.