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- Lansing, MI
- operations associate
Operations associate Jobs in Lansing, MI
- Promoted
Associate / Analyst, Structured Derivatives Processing, Global Financial Markets Operations (GFMO[...]
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US NavyLansing, Michigan, USAssociate / Analyst, Structured Derivatives Processing, Global Financial Markets Operations (GFMO[...]
DBS BankSingapore, Michigan, Singapore- Full-time
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
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.
Primary Location
Singapore-DBS Asia Gateway
Operations
Schedule
Regular
Job Type
Full-time
Job Posting
Jan 31, 2025, 9 : 54 : 38 AM
J-18808-Ljbffr