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SO/MGR, Operations, Group Asset Management

Posting Date:  10-Jan-2022


Company:  UOB Asset Management Ltd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices.

Our history spans more than 80 years. Over this time, we have been guided by our values — Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

About the Department

Job Responsibilities

UOBAM Operations is seeking an exceptional candidate to join its team. The successful candidate will work in partnership with the Front Office, Portfolio Managers and Service Providers to enable the organization to competitively seize new revenue opportunities in a disciplined and controlled manner that protects and enhances the organization operation’s capability and reputation. 

This role resides in the Fund Accounting and Custody team and the team is responsible for ensuring the accuracy of fund valuations. The successful candidate will have to work closely with service providers and monitor the service providers’ deliverables

•    Ability to evaluate and analyse existing business processes and identify solutions to support business needs
•    Perform variance checks on daily net asset value (NAV) price movement and validate out of tolerance exceptions
•    Prepare cash projection reports for portfolio managers and work closely with them to ensure sufficient funding in cash accounts
•    Execute portfolio manager’s cash transfer and spot instructions on service provider’s online platform
•    Process fund expenses and ensure expenses are correctly allocated to funds based on fee schedule 
•    Perform reconciliation checks on investment book of records against sub managers’ records
•    Investigate aged cash breaks and work with relevant parties to resolve discrepancies 
•    Assist in the review of financial statements and tax reporting
•    Prepare daily, monthly and quarterly reports
•    Provide support to front and middle office teams during new fund launches, prospectus relodgement and other product variations. 
•    Provide support to digital business and initiatives

Job Requirements

  • University degree in Accountancy, Banking & Finance, or Computer Science
  • 2 years and more of experience in financial industry
  • Knowledge and experience in process excellence projects and good digital and financial acumen/literacy
  • Excellent communication, interpersonal and organization skills
  • Proficient in Microsoft Office Products and basic programming  such as Visual Basic, R, or Python

Be a part of UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

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