Assistant Vice President, Equity Derivatives Delta One Trade Support


Company:: Contact Singapore
Location:: Singapore, SG | United States, US
Job Type:: Full Time


Yrs of Exp:: 5+ to 7 years
Posted:: 12/15/2012

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Job Description

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

The AVP for Equity Derivatives Trade Support will be responsible for supporting the Asia Pac Rim (APR) Equity Derivatives businesses. Reporting to the VP and Director, key tasks will be split by products, markets and supporting functions, and will include;

Responsibilities
• Manage and mentor a team of 2-3 team members and oversee their day-to-day functions
• Ensure transactions are booked into operational system timely and reconciled accurately.
• Manage lifecycle events such as issuance, resets, and expiration etc.
• Perform daily control checks and breaks management reporting.
• Provide operational support across for Delta One business including equity swaps and lepo warrants
• Support sales and traders by investigating and resolving enquiries related to trade processing, bookings and breaks etc.
• Work closely with client service to ensure timely settlement of trades.
• Ensure control framework is in place for processes, identify control gaps and ensure controls are implemented to close gaps.
• Manage ad-hoc projects to streamline existing process and liaise
• Prepare and validate regulatory report

Requirements
Background:
We are seeking a dynamic candidate who is quantitative, analytical, proactive, a team player, able to work under pressure and to tight time constraints and has excellent attention to detail. This position requires daily liaison with many different groups across the organization and so, candidates must have a high level of communication and interpersonal skills. This is a trade support role and the candidate must demonstrate maturity and have a good understanding in the derivatives sales and trading flows. The ideal candidate will have at least 5 years of Middle Office experience preferably gained from working in an Investment Bank. Financial market knowledge and experience in derivatives products are essential. Experience in trade reconciliation and controls are a plus.

Key Objectives of Role:
We are looking for a candidate who embraces change, is enthusiastic to be part of a new and growing team. Has an ability to identify flaws in current processes and think of new ideas of how we can better support our Businesses and is a good team player.
Essential Education:
Degree qualification is essential
Essential Experience/Technical Knowledge:
• Proficiency in MS Product Suite i.e. Excel, Word etc
• Bloomberg and Reuters knowledge are a plus
Language skills:
English
Mandarin is a plus
Additional Needs:
Flexible Working Hours

Company Description

Contact Singapore is an alliance of the Singapore Economic Development Board and Ministry of Manpower. It aims to attract global talent to work, invest and live in Singapore. With offices in Asia, Europe and North America, Contact Singapore is the one-stop centre for those who wish to pursue a rewarding career in Singapore, as well as individuals and entrepreneurs who are keen to invest in or initiate new business activities here. Contact Singapore actively links Singapore-based employers with global talent and provides updates on career opportunities and industry developments in Singapore. We work with public and private sector partners to facilitate the interests of potential individual investors in Singapore.

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