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Senior Officer, Collateral Management Services, Global Market Ops

Posting Date:  25-Nov-2022

Singapore (City Area), Singapore, 048624

Company:  United Overseas Bank 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

The Global Markets Operation Centre (GMOC) administers and provides critical post-trade support to the Global Market Front Office.
Besides the Singapore Global Markets activities, the function also provides post trade support to the local GMO teams in countries where our branches or subsidiaries are located.
The Collateral Management Service team, an integral and critical part of GMOC, plays an important role in the value chain by monitoring counterparty exposure and effecting prompt and accurate margin calls on a daily basis.

A permanent position with the team is now open.
Candidates, possessing the right aptitude and relevant experience are invited to apply for a role with the team.

Job Responsibilities

This role reports to the Collateral Management Service department head or his delegate within the Global Markets Operations Centre.

Candidate will join the Collateral Management team with the following responsibilities:

  • Processing, reconciling, investigating and monitoring margin calls under VMCSA, CSA, GMRA, GMSLA and IMCSA: -
  1. Review data quality prior to issuing margin calls
  2. Issuance and responding to daily margin call
  3. Dispute resolution through portfolio reconciliation
  4. Perform and respond to control reporting to ensure effective break/fails and exceptions are explained
  • Vetting of legal agreements (VMCSA, CSA, GMRA, GMSLA, CTA and IMCSA) from a collateral management operation perspective
  • Provides subject matter support to business unit’s strategic initiatives.
  • Work closely with Technology, Operations group and business units to manage enhancements and new product implementations
  • Provide ongoing assessment and awareness of the regulatory environment and the bank’s adherence to the regulations
  • Collaborating with oversea branches and subsidiaries, providing oversight on collateral management.
  • Check and process interest settlements
  • Compiling statistical and management reports
  • Month end reconciliations
  • Ensure static data is updated in APEX CCS
  • Carry out any other duties assigned from time to time

Job Requirements

  • Degree in Economic/Finance/Management or experience in the banking industry
  • Previous experience in Collateral Management, derivative Middle-Office and trade reconciliation a plus
  • Knowledge in over-the-counter derivatives, and documentations like ISDA, CSA, VMCSA, GMRA, GMSLA and IMCSA etc preferred but not necessary.
  • Strong communication skills and team player, required for an effective liaison across multiple internal stakeholders
  • Risk awareness and attention to detail
  • Time management and ability to prioritize effectively based on the risk / time criticality of the tasks required
  • Innovative mindset and able to improve processes to minimize risk and increase efficiency
  • Fluency in English

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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