Associate / Vice President, Middle Office, Global Markets (Japanese speaking) at Santander

Hong Kong

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Finance, Global MarketsIndustries

Requirements

University degree
Minimum 5 years of experience in Middle Office/Global Market Operations. Candidates with more experience may be considered for VP level
Good understanding of Global Markets products, trade settlements (DTC/Euroclear/Fed), treasury operation and operational risk framework. Knowledge on international regulations (Dodd Frank, EMIR, MiFID II) will be a plus
Excellent Interpersonal and communication skills including written and oral English and Japanese
Ability to multi-task and work in different time zone, with a strong sense of ownership and commitment to delivery
Rigour and sense of organisation, autonomy, capacity to cooperate / ability to work across disciplines, sensitivity to operational risk, ability to work under pressure with good adaptability to constantly changing environment and ability to learn quickly new knowledge such as systems and policies
Competence in Murex, Swift, Markitwire, Bloomberg, Equation

Responsibilities

Responsible for control and support functions of operations initiated by the front office in Hong Kong, for Fixed Income Market transactions to facilitate and ensure all operations are processed efficiently and in a timely manner
Responsible for assisting and controlling the Rates, Credit and Securitised Products business line including products such as US Treasury Bond, EUR Government Bond, LATAM Government Bond, US Corporate Bond, EUR Corporate Bond, US Repo, EUR Repo, Structured Credit and Other Securitised Products, etc. This includes trade monitoring, workflow control, and trade validation to ensure timely settlement and accuracy of front office positions, risk exposure and trade capture
A point of contact to liaise with entities, both internally (front office sales, front office traders, and Global and Local middle office and back office) and externally (Financial Institutional clients in Asia including Japan)
Participate to the development of a reliable and effective control function of the perimeter, business projects, new products, system enhancement/deployment and various projects related to client business development
Input the trade activities in the front office system to ensure the transactional integrity and the legitimacy of trading positions across trading applications and complete all trades are captured on a daily basis
Manage trade modifications in front office booking system if requested while ensuring relevant control modifications are accurately reflected in the system, investigate and follow up with numerous teams to resolve discrepancies
Manage relationships and communications with internal relevant parties and external clients in Asia including Japan
Support KYC processes for both internal and external communication
Ensure controls and procedures are documented and updated to reduce any potential operational risk
Provide high level, quality support to front office within the Middle Office’s perimeter and established mandates in Asia
Review the SLAs and monitor the KPIs for the tasks being outsourced
Demonstrate good understanding of front to back trade flows as well as Risk and PnL, and work closely with the other departments (i.e. market risk, credit risk, financial control etc) to resolve the issues and move actions forward
Attend management meetings and discuss any operational issues/enhancement/collaborations

Skills

Key technologies and capabilities for this role

JapaneseFixed IncomeRatesCredit ProductsSecuritised ProductsUS Treasury BondEUR Government BondLATAM Government BondUS Corporate BondEUR RepoUS RepoStructured CreditTrade MonitoringTrade ValidationTrade CaptureRisk Exposure

Questions & Answers

Common questions about this position

Is this role remote or based in a specific location?

The role is based in Hong Kong.

What is the salary range for this position?

This information is not specified in the job description.

What key skills or experiences are required for this role?

The role requires Japanese speaking ability, knowledge of Fixed Income products like bonds and repos, understanding of front-to-back trade flows, Risk and PnL, and experience liaising with front office, middle office, back office, and external clients in Asia including Japan.

What does the team culture or work environment look like?

The team is part of the first line of defence in GM Middle Office, consisting of knowledgeable professionals who identify, assess, manage, and report risks and controls, while facilitating global markets business and collaborating with front office, traders, middle/back office, and external clients.

What makes a strong candidate for this position?

Strong candidates will have Japanese language skills, deep knowledge of Fixed Income products and trade flows, experience in control functions, trade validation, and building relationships with internal teams and external clients in Asia.

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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