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AVP / Senior Associate, New Product Approval (NPA), Global Financial Markets COO-Office

DBS Bank Limited
Singapore, Singapore
Closing date
Mar 10, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Business Function

As a leader in global markets trading and treasury services, DBS Treasury & Markets (T&M) offers a broad range of products and services in Fixed Income, Interest Rates, Currencies and Commodities along with equity derivatives, credit derivatives, fund structuring, crypto trading, carbon/emission trading, money markets, structured products and securities trading. Our clients include corporations, financial institutions and private banking segments.

Treasury & Markets (T&M) provides total solutions to serve DBS clients' hedging and investment needs with a regional emphasis. We have a strong record in providing innovative wealth management solutions to our individual investors. We are a leader in SGD and regional products with an excellent, customer-driven research capability and with cutting-edge risk management technology and systems.

  • Model validation support work, including:
    - Requirements gathering and prioritization with Front Office teams
    - Driving pre-validation setup with FO Quant, Vendor, IT, Finance (Valuation Control, Market Data) and T&M Operation teams
    - Raising requests to and managing timelines with Risk Management Group - Market & Liquidity Risks - Risk Analytics teams
    - Ensuring adequate and accurate test evidence and documentations.
  • Report model issues to a governance forum and coordinate with stakeholders for timely issue resolutions.
  • Support senior NPA champions in NPA processes and drive system enhancements, automation and UAT works.
  • Involve in ad hoc projects as a NPA stream representative and provide UAT support.
  • Manage/support NPA related control processes such as first trade monitoring, NPA dashboard reporting, product scope and condition monitoring & etc.
  • Work with FO and Support Units as an NPA champion for simpler NPAs to drive their sign off process and product launches.
  • Collaborate with Strategic Project Team and Desk Support Team to support FO by providing product insights and process guidance.
  • Partner with T&M Operational Risk team, auditors for process review & fine-tuning.
  • Bachelor's or Masters Degree in Financial Engineering, Quantitative Finance or similar academic discipline is preferred
  • Minimum 2 - 3 year relevant experience in model validation support or working knowledge in MUREX
  • Product knowledge in Bonds, Equities, FX/Money Markets, Interest Rates and their derivatives
  • MUREX expertise and project implementation experience
  • Strong command of v erbal, written and presentation skills and confident when speaking with front office teams
  • Sound organisational skills and disciplined with planning and delivering deadlines
  • Keen learner, Independent and a team player with the ability to multi-task and collaborate

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