Operations Specialist

We are looking for someone to join the DBS Australia Branch Operations Team who process the day to day settlement functions and control of the associated operational risks in order to support the business.

About The Role

• You will be a key player in our Branch Technology & Operations team ensuring timely processing & monitoring of Treasury & Markets transactions covering products such as Derivatives, Money Markets, Fixed Income, Bonds/Repos, Interest Rate / Cross Currency Swaps, FX, Options, Commodities, Futures, etc.
• Liaising with customers / counterparty banks in relations to Treasury & Markets products to ensure timely & accurate settlement of all Treasury & Markets transactions, monitoring of cash sheet, and following up on any outstanding items.
• Provide support to the Treasury & Markets dealers and IBG Relationship Managers relating to Treasury & Markets products
• Supporting the Payment Operations Team when needed

Key accountabilities include:

• To ensure completion of payment and settlement transactions without error and in accordance with the agreed SLA
• To monitor risks and controls of the transactions in accordance with Group processes, policies and country regulations
• Preparation of monthly reports and matrix to monitor performance of transactions
• To adhere to risk and compliance protocol of Group processes, policies and country regulations
• Complete and adhere to checklists to ensure transactions are executed properly and timely.
• Execute procedures and controls required by the bank in order to comply with laws, regulations and policies.
• Ensure ‘DCFC’ Departmental Control Function Checklist, daily and monthly items are completed.
• Work with various departments or HO to complete projects and HO initiatives that improve the Branch process and systems.
• Escalate exceptions to the attention of senior staff within Operations, follow through to ensure that proper actions are taken.
• Preparation of key daily / monthly reconciliations in a timely manner.
• Any other responsibilities that may be assigned by Management from time to time.

We offer a range of benefits including:

• Training and Development opportunities to support your career growth.
• Staff social events organised by our social committee.
• World-class newly renovated offices with unparalleled views and luxurious end of trip facilities.

About You

• Strong knowledge in various Treasury & Market products.
• Strong knowledge of SWIFT (including MX messages) / RITS / Austraclear / Murex systems.
• Good understanding of operational policies, processes and controls.
• AML / CTF and sanction monitoring and IFTI reporting.
• Strong verbal and written presentation skills, along with project management skills.
• Team player with attention to detail and a growth mindset.
• Confident in dealing with internal and external stakeholders.
• Strong problem solving skills.

If this sounds like you, please submit your resume today.

About DBS Bank

DBS is a leading financial services group in Asia with a presence in 19 markets.

We have been recognised for our leadership globally, having been named “World’s Best Bank” by Euromoney in 2021 and "Best Bank in the World" by Global Finance in 2022. DBS Bank was previously named “Best Bank in the World” by Global Finance. We have been accorded the “Safest Bank in Asia” award by Global Finance for 12 consecutive years from 2009 to 2020.

We are also at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” for 2021 by Euromoney.

DBS Bank has held a banking licence in Australia since 2015, and in 2022, achieved Kincentric Best Employer status in Australia.

Agencies - please note that we are not accepting unsolicited resumes for this position and will therefore not pay any fees in relation to candidates directly submitted to DBS or its people. Where appropriate, we will work with our panel of preferred agencies to source candidates for roles.