AVP/VP - Market Data and Book Control, Product Control & Governance

  • Competitive
  • Singapore
  • Permanent, Full time
  • United Overseas Bank
  • 19 Sep 17

AVP/VP - Market Data and Book Control, Product Control & Governance

Job Description
Product Control and Governance, part of Group Risk Management, is responsible for P&L Reporting and Attribution, P&L Reconciliations, Valuation Controls, Market Data and Book Control and Structured Products governance.This successful candidate will be responsible for ensuring the quality and timeliness of market data used by the bank's treasury systems are of a high standard. He/she candidate will lead a team of up to two junior staff, covering fixed income, credit derivatives, rates and commodities

Key Responsibilities
  • Responsible for market data processes which includes commodities, credit derivatives, rates and fixed income. The market data process involves extracting, reviewing, cleaning and uploading volatilities and rates into the Bank's various trading systems
  • Review and document the various intermediate rates computations (multi-curve bootstrapping, commodity forward curves, FX, interest rate and commodity volatility curve building) performed by the Bank's Treasury system (MUREX, WSS)
  • Liaise with Front Office/Market Risk/ Counterparty Credit risk to understand their data requirements and subsequently with market data vendors (SuperD, Bloomberg, Reuters) to source for required market data
  • Recommend to Front Office viable proxies to illiquid rates (bond option volatilities, illiquid single name CDS spreads)
  • Participate in strategic projects to consolidate and automate the market data process
  • Guide up to two junior market data analysts

Requirements
  • A degree in a numerate subject such as engineering, statistics or mathematics. Candidates with strong academic results from other disciplines may be considered
  • 5 - 7 years of experience in the market risk/product control/middle office with emphasis on any of the following product classes, credit derivatives, fixed income, rates, commodities
  • Experienced MUREX user able to create curves and surfaces
  • Hardworking and a team player
  • Candidates may have work on public holidays to support overseas branches