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Head of APAC Trade Processing/Japan & APAC FICC Trade Processing and Settlements

Singapore, Singapore

Job Description:

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.


Role overview


Securities Operations are responsible for the delivery of operational services to cash equity/fixed income and prime brokerage business across 17 different markets in Asia. In collaboration with global functions, the head of APAC Trade Processing is expected to oversight the cash equity and fixed income trade processing functionalities in both Singapore and India. Trade Processing functions cover the allocation, confirmation and trade value date reconciliation and the desk/client communication as well as various global projects, regulatory related projects and regional initiatives.
 
Key responsibilities


• Provide a quality service to the Cash Equity business in an efficient and cost effective way
• Maintain appropriate control and risk management, escalate appropriately
• Drive the development of strategic goals and support the development of global objectives and the inclusion of APAC requirements
• Manage key metrics in line with agreed targets and risk tolerances
• Provide People leadership, including the development of key talent and the oversight of India team
• Ensuring regulatory compliance are met from the country and regional perspective
• Create an effective organizational model consistent to the global structure
• Execute local governance and supervision in accordance with Bank policy and regulatory and/or legal norms
• Support the maintenance of high performance culture and provide clear communication and consistent message
• Set clear goals and performance objectives, recognize success and raise awareness of key issues and opportunities across organization

• 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 value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.

• 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 value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.


Skills & experience required


• Broad and deep knowledge of equities and fixed income products, market and regulatory practices and client requirements
• Track record of delivering operational excellent across the APAC markets
• Experienced senior professional - manage across multiple locations and functions
• Leadership skills - influence across multiple business, peers, direct and indirect reports
• History of leading global and local strategies impacting product, function, process and technology

Learn more about this role

Full time

JR-19080649

Manages People: No

Manager:

Talent Acquisition Contact:

Referral Bonus:

Check out the Singapore office

Our office is near favourite Seah Im Food Centre and a short hop to Sentosa—a popular island resort and home of the Merlion, Singapore’s guardian of prosperity.

Close-up side shot of the words Bank of America Merrill Lynch on outside office wall

Street Address

Primary Location:
2 HARBOURFRONT PLACE, #02-01, Singapore, 098499