Job Function
The Private Banking Funds Ops Senior Associate/AVP is responsible for ensuring the timely and accurate processing Funds trades and product life cycle event event transactions within the Private Banking division. This role involves meticulous trade validation process, exception management, and adherence to standard operating procedures and regulatory requirements.
Job Responsibilities
Trade Processing & Validation
Fund asset creation/modification, trade placement/fund switch and settlement of funds product namely Mutual / Hedge Fund / Private Asset fund
Servicing of client reverse enquiry request for non-approved funds product, including account onboarding of funds that is new to bank
Process Corporate Action for funds products including dividend, mandatory redemption and fund merger
Private Asset fund - Review client subscription documents, perform signature verification, and tally commitment amounts against keyed orders during private asset launches before submitting to Fund Feeder for the subscriptions
Private Asset fund - Process product life cycle event like capital call, cash dividend, return of capital, client notices, quarterly fund valuation by creating/verifying corresponding events in bank system
Exception Handling & Escalation
Escalate complex cases or those requiring special handling to the Team Manager, Area Manager and Head of Department for discussion and approval.
Compliance & Risk Management
Adhere to internal policies, procedures, and service level agreements, including cut-off timings for trade validation and funding.
Keeps SOPs updated timely for any process changes. Maintain accurate records and documentation of all trade-related activities and exceptions.
Review processes and introduce system improvements for efficiency and controls. Participates in system’s UAT as and when assigned.
To engage Business to improve operation processing flow supported by Operation’s team initiatives to ensure Operations process is being assessed before implementation
Requirement
- 5-8 years of experience in a Private banking / Wealth management environment in operation
Strong understanding of Funds processing
Proficiency in Avaloq, Excel .
Familiarity with SWIFT messages (MT502, MT509, MT515, MT564, MT566, MT568, MT599).
Experience with Bloomberg terminal for data retrieval
Ability to perform detailed trade validation and reconciliation.
Good organisational skills
Excellent verbal communication and listening skills
Excellent problem-solving skills for identifying and resolving trade discrepancies.
Ability to work under pressure and meet tight deadlines.
Location:
DBS Asia HubJob:
OperationsSchedule:
RegularEmployee Status:
Full timeSkills Required
- 5-8 years of experience in a Private banking / Wealth management operations environment
- Strong understanding of funds processing (Mutual, Hedge, Private Asset funds)
- Proficiency in Avaloq
- Proficiency in Excel
- Familiarity with SWIFT messages MT502, MT509, MT515, MT564, MT566, MT568, MT599
- Experience with Bloomberg Terminal for data retrieval
- Ability to perform detailed trade validation and reconciliation
- Good organisational skills
- Excellent verbal communication and listening skills
- Excellent problem-solving skills for identifying and resolving trade discrepancies
- Ability to work under pressure and meet tight deadlines
What We Do
DBS Bank is a leading financial services group in Asia, headquartered in Singapore. It provides a full range of consumer, SME, and corporate banking services. The bank is recognized for its digital innovation, having been named 'World's Best Digital Bank' and 'World's Best Bank' by various publications. It also operates the DBS Foundation, which supports social enterprises and community initiatives, reflecting its commitment to creating impact beyond traditional banking.
