Vice President, APAC Asset Services, Global Markets Operations | Singapore, SG

Vice President, APAC Asset Services, Global Markets Operations

Bank of America Singapore

Job Description:
The APAC Asset Services department is responsible for Corporate Actions events relating to Equity products. The position will manage the Corporate Actions processes and control where you will have the exposure to deal with Traders, Stock Loan counterparties, exchanges and registrars day to day for managing various tasks such as Corporate Actions notification, election and entitlement management, handling Client queries, escalation and breaks solution.

You will be exposed to both internal and external auditors and global teams to support a wide range of risk, control and oversight functions within the department.

This role requires a candidate who has strong leadership skills with an aptitude for problem-solving, attention to detail, a risk and control awareness, taking lead in decision-making, and building good working relationships with various internal and external stakeholders.

Responsibilities:

• Manage overall Corporate Action Custody processes in an accurate, timely and consistent manner, in accordance with departmental procedures and to the agreed service level.
• Ensure highly robust control over all daily tasks.
• Manage internal and external stakeholders on Corporate Action issues.
• Adhere to documented procedures, control guidelines, and compliance framework.
• Accountable for reconciliation breaks in accounts on a daily basis and ensure timely clearance.
• Ensure that all queries are attended to and investigated promptly.
• Support change by assisting in devising and implementing improved processes.
• Support control framework (Audits, System Access Controls, Procedure Controls, Record Retention, Client Asset Control, New Employee onboarding, supporting Operational Risk & Control initiatives, Business Continuity Plan, Global Reconciliation Governance approvals).
• Develop internal quality control routines for Asset Services.
• Management Reporting.
• Raise issues of risk where necessary.

Requirements:

• Tertiary education with a good academic track record.
• 5 years or more of experience in Corporate Actions or similar scope.
• Managerial experience in managing a team.
• Strong knowledge of Corporate/Investment Banking within the Prime Brokerage/Custody space is preferred.
• Ability to prioritise heavy workloads and work efficiently in a dynamic environment to meet deadlines.
• An independent and proactive worker with strong communication skills.
• Driven and self-motivated individual.
• Ability to work well under pressure and flexible to adjust to changing priorities.
• Exposure to Data analysis, Audit, Risk and control function.
• A flexible approach to work.
• Strategic Thinker.
• Good organizational skills.

Other Qualifications:

• Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
• Excels in working among diverse viewpoints to determine the best path forward.
• Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner.
• Commitment to challenging the status quo and promoting positive change.
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.
• Believes in the value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.