DBS - Analyst / Associate, Specialist, Product Control & Business Finance

Location: Singapore
Business sector: Accountancy
Job reference: 1128280
Published: 12 days ago
Group Finance aims to deliver world-class standards in reporting, financial planning and finance processes. We provide insights and analyses that help the bank make sound business decisions - whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services.

The Analyst / Associate of the GFM Product Control (PC) team supporting Credit Derivative (CRD) Desk will be expected to perform the following roles and responsibilities:

Key Accountabilities

(a) Daily reporting:
  • Daily PL report production and PL attribution and analysis
  • Daily commentary on significant PL drivers and relating it to the business strategies of the desk
  • Monitoring New Deals, Late Deals and Market Operations, Transfer pricing
  • Monitoring checks for transactions done at Off Market rates
  • Exceptions monitoring on Reported PL vs Trader Estimates and breaches on threshold limits for unexplained PL attributions
  • Partnering with Front Office, Finance, Risk (RMG), Operations, and IT teams to assess and resolve deal-related discrepancies and ensure accurate reflection in reporting systems
(b) Monthly reporting:
  • Reconciliation of PL between Management reporting vs General Ledger
  • GLAO certification of Balance Sheet accounts
  • Reserves computation
  • Review significant MTD PL drivers
  • Reporting of Key Risk and Performance Indicators for the desk
(c) Ad-Hoc and Projects tasks:
  • Streamline workflows to enhance operational efficiency within the team
  • Review control processes for gaps
  • Handle ad-hoc queries from Front Office, Finance, Risk (RMG) and Operations
  • Participate in systems implementation/enhancement projects User Acceptance Testing (UAT)
  • Assist in responding to internal and external audit requests for the desks
 
Requirements
  • Degree holder in Accountancy or Banking or Finance is preferred.
  • Strong control awareness and inquisitive mindset
  • Knowledge of treasury products, derivatives is preferred.
  • Proficient in Microsoft Office, particularly Microsoft Excel.
  • Familiar with Copilot
  • Ability to relate product control processes with the business strategies and activities of the desk
 
Location:
DBS Asia Central

Job:
Finance