APAC CIB Markets FX Middle Office APAC CIB Markets FX Middle Office …

Wells Fargo
in Singapore
Permanent, Full time
Last application, 28 Jul 21
Competitive
Wells Fargo
in Singapore
Permanent, Full time
Last application, 28 Jul 21
Competitive
Posted by:
Joveo Posting • Recruiter
Posted by:
Joveo Posting
Recruiter
This is an Associate to Vice President level role in the APAC CIB Markets Operations department based in Singapore supporting the Wells Fargo Corporate and Investment Banking (CIB) business in Asia. The primary focus of the individual will be supporting the Sales/Trading activities and regulatory reporting for the business, performing daily controls and reporting KPIs to senior stakeholders for the FX business including products such as (but not limited to) spot FX, NDFs, FX Options, FX Swaps, Futures and other OTC derivatives products.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description

About the Role:

This is an Associate to Vice President level role in the APAC CIB Markets Operations department based in Singapore supporting the Wells Fargo Corporate and Investment Banking (CIB) business in Asia. The business offers a suite of Fixed Income products of Credit, Rates, Foreign Exchange (FX), and Cross Asset solutions to corporate, government and institutional clients.

The primary focus of the individual will be supporting the Sales/Trading activities and regulatory reporting for the business, performing daily controls and reporting KPIs to senior stakeholders for the FX business including products such as (but not limited to) spot FX, NDFs, FX Options, FX Swaps, Futures and other OTC derivatives products.
 

Responsibilities:

  • Provide operational support for APAC FX Currency desks
  • Perform control functions such as daily trade monitoring, reconciliations across systems and failed trades management
  • Manage trade lifecycle events such as fixings, call events & triggers for Non Deliverable Forwards and Options
  • Maintain intra-day curves and pricing environments for supported products
  • Design, validate and compile P&L and risk attribution reports to ensure accurate daily risk and P&L reporting
  • Position and P&L reconciliation, including break investigation and resolution
  • Perform regulatory reporting (Hong Kong Trade Repository and MAS) reconciliation and monitoring
  • Liaise with partners globally such as IT, COO, Market Risk, Ops Risk and Project Management on ad-hoc basis
  • Take initiative to streamline and enhance daily processes
  • Compile and submit MIS reports to senior stakeholders

 

Market Skills and Certifications
Requirements:

  • Bachelor degree in Finance, Quantitative or relevant subjects with minimum 8 years of relevant operations experience is an advantage
  • Relevant experience in FX related products is an advantage
  • Leadership/people management experience is an advantage
  • Experience with Calypso is an advantage
  • Relevant experience in Hong Kong Trade Reporting and MAS reporting is an advantage
  • Strong knowledge with Macro and VBA
  • Flexible working hours and able to perform under pressure
  • Detail orientated with strong sense of control
  • Excellent communication and interpersonal skills with strong analytical/problem solving skills

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

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