VP, Custody Product Manager - Global Markets Securities Finance

Job description

WHO WE ARE: As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires. Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future. We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here. Why Join Do you enjoy solving complex problems in a fast-paced environment? As a Securities Finance Custody Product Manager at OCBC, you’ll play a vital role in supporting trading activities and optimizing collateral management. You’ll contribute directly to the success of OCBC Global Markets, a dynamic and award-winning team. Embrace the chance to learn and grow within a leading financial institution. How you succeed You’ll succeed by becoming a key link between trading, risk, and operations. Prioritize accuracy and efficiency when processing transactions and resolving issues. Build strong relationships with internal stakeholders to ensure smooth execution and clear communication. Stay updated on market trends and regulatory changes to proactively address potential challenges. What you do - Responsible for selecting, appointing and monitoring external custodian partnerships and gold vault providers - Run formal RFP/RFI tenders and competitive reviews; provide benchmarking and selection recommendations to internal governance forums - Negotiate and execute custodian agreements, fee schedules, FX/cash terms, service level agreements; manage contract renewals and amendments - Support the opening of new markets, onboarding new providers, manage provider transitions and migrations - Lead regular service level reviews with custodian providers, working in close collaboration with Operations and Business Leads. - Act as subject matter expert and internal coordination point for OCBC Group entities and stakeholders (such as Operations, Sales, Compliance, Legal and Tax) for custody-related matters - Support new markets and new clients initiatives that require traditional custody and gold custody coverage - Represent the firm with CSDs, regulators, industry bodies on market practise and asset-protection matters - Conduct regular due diligence reviews on sub-custodian and vault provider relationships; lead regular assessment of financial strength, operational capabilities, BCP resiliency, cyber security protections; track findings to closure; maintain contingency plans Who you work with OCBC Global Markets encompasses Treasury Advisory and Institutional Sales, Asset Liability Management, Trading, and Business Management. All working together. Offering services that enable efficient business operations. And enabling customers to focus on growth. You’ll be joining a dynamic team. Ambitious. Award-winning. Dynamic. Driven. It’s about multiproduct solutions that maximise opportunity for everyone. You included. Who you are Bachelor’s degree in either finance, business, economics, accounting specialisation 8-12 years practical experience across custody and gold product, securities operations, asset servicing, operational risk or network management roles Strong working knowledge of custody and gold operations – settlements, safekeeping, asset segregation, corporate actions, income, tax reclaims, FX Experience with operational due-diligence and risk assessment Experience with managing provider relationships, commercial negotiations, service governance, issue resolution and remediation Strong analytical, communication and stakeholder-management skills; collaborative working-style aligned with one-firm cross-product culture What we offer: Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.