Tan Han Seng

• Provides trade support to PMs:

(1) Trade capture in the trade booking systems - Enfusion, Murex and Omega.

(2) Queries on risk, P&L and trades.

• Runs daily reports for the PMs for risk management and cash funding purposes - NDF Fixings report, Option Expiries report, Bond inventory report and Cash Projection report.
• Perform T0 trade position reconciliations between inter-systems and resolve trade positions discrepancy timely.
• T0 trade affirmation in Markitwire for voice interest rate swap trades; and liaise with Tradeweb Support to resolve issues on electronic trades that failed to feed to Markitwire.
• Worked with counterparties to resolve trade discrepancies and mis-allocations issues in Triana on T0.
• Perform trade life cycle management:

(1) Option expiries, and booking of periodic coupon for interest rate swap; total return swap and cash bonds in the system.

(2) Monitoring of cross currency swap with mandatory break and cash bond maturity. Inform and remind PMs to close-out or roll the trades before it hits the respective deadline.

• Perform daily trade settlement:

(1) Confirm settlement amount and resolve settlement breaks with counterparties.

(2) Instructing cash and bond instructions to the Custodian for settlement.

(3) Liaise closely with Custodian for cash-related issues and queries.

• Run daily cash and margin requirements for the firm and work with PMs to do Repos for cash funding purposes.
• Work with fund admins and custodian to hand-hold cash relating to subscriptions and redemptions.
• Manage and respond to trade queries from fund admins for NAV purposes.
• Reviewed process failures and determined root causes. Work with external stakeholders to implement changes to close process gaps or failure.
• Manage projects:

(1) Work with Enfusion Support and TradeWeb Support to discuss the requirements to implement the STP feed of electronic interest rate swap trades to Enfusion.

(2) Work with Enfusion Support and internal stakeholders to implement the Enfusion trade file to Omega for interest rate swap trades. This is to eliminate the manual trade booking in Omega to improve work efficiency and eliminate manual booking errors.

• Supported and provide cross-training to team members.

• Manage the Transition of Middle Office tasks from Singapore to India
• Analyze the task list and its associated FTE, prepare the training plan, re-write the SOPs in the standardize approved templates and update the BCP plan post transition
• Front-run the onboarding of clearing Non-Deliverable Swaps to LCH from Middle Office perspective
• Perform UAT testing in trade capture system, and the trade workflow – Trade Capture System > Middle Ware Matching system > Markitwire
• Work with Developers to build and design the reconciliation logics on the inter-system reconciliations - LCH Trade and Cash reconciliations for Non-Deliverable Swaps Front-run the backloading of legacy Non-Deliverable trades to LCH for RWA Savings
• Reached out to external counterparties to agree on the backloading package and manage the entire backloading exercise operationally
• Participate in the migration of trades to CSA curves for APAC EM STIRT Desk
• Perform UAT testing to ensure the trade capture system default the trade to the correct CSA curve per waterfall logic
• Tested the curve exception report, ensuring the report is working as expected in entirety after onboarded EM APAC trades
• Provide supervisory oversight on the Offshore team in India – daily production call and weekly team meeting to review the KRIs
• Onboard APAC EM Currencies to BBG and TradeWeb for trade execution due to business demand
• Liaise with Service providers, LCH & Markitwire Support on extensive UAT testing
• Work with internal Developers to define the scope and requirements
• Design the trade booking workaround without compromising controls due to system deficiencies
• Run vendor-led compression cycles (TriOptima and Quantile) across APAC currencies including JPY, AUD and NZD for both CCP and Bilateral cycles
• Keep abreast to the industry updates on regulatory and clearing matters
• Point of contact for APAC on managing ongoing changes in the clearing space
• Raise system issues and enhancement to Technology
• Defining the requirements to IT Developers and work with technology till these JIRAs are closed
• Perform UAT on these new requirements and bug fixes
• Ad hoc exercises – Brokerage clean up in GDS; legacy cash clean up in Calypso; Book-Move exercise for book consolidation Work with Sales, Business Managers and Traders on new Business demands.

• Lead a team of 2 in Trade Control Service (TCS) / Life Cycle Service (LCS)
• The team is responsible for exceptions handling for trade validation, market data control, trade control reports, inter-system reconciliations, rate fixings, novation, clearing, and compression & back-loading of paper trades to MW
• Product Coverage: Rates and FX Review and monitor credit events, options expiry and structured trade events
• Inform Front Office on all upcoming trade events and ensure all events are actioned
• Prepare KO, Call & Chooser Notices and send to counterparties
• Follow up with counterparties to acknowledge the event notices
• Run Tri-Reduce cycles for APAC currencies - Multilateral Single Currency Swaps and Cross Currency Swaps & Clearing House compression cycles
• Run Solo Compression cycles with LCH to assist Trading to reduce leverage ratio and balance sheet usage
• Review SEF Control report, EMIR Frontloading & Mandatory Clearing Report to ensure the bank complies with the Regulatory requirements
• Handle queries from internal stakeholders – Sales and Trading, Business Manager, Onboarding, BUC, MRC, Confirmation and Settlement Work with e-Sales and manage the internal static setup (Swapslink & TCDS) for new clients onboarded to e-trading platform so that trade can feed seamlessly to trade capture system
• Work with Swapslink IT Support to create rules and mapping; and speak to Brokers on the booking requirements, so that SEF Auto-Processing trades can feed to trade capture system without manual intervention
• Markitwire trade with errors will be stuck and fail to feed to trade capture system
• Intra-day monitor of Error Queue to ensure that all trades in this Queue are cleared at EOD
• This is to ensure all trades are captured in risk systems at EOD before official PnL run
• Perform daily review on all outstanding breaks at EOD and ensure that these breaks are documented with proper commentaries
• All breaks commentaries, risk or escalation items at EOD are documented in daily EOD Shuttle and send to Business COO, Front Office, Senior Management, MRC, BUC & other internal stakeholders
• Work with the Change team on projects and change initiatives - ND Fixings process change; MW Trade Division Migration & MW to OBS new rec, APAC Mandatory Clearing (ASIC & HKMA)
• Work with Business on new project initiatives and new business demands
• Example, onboarding to CME to clear ND-KRW IRS
• Front-run SGX Default Management Fire drill to fulfill clearing member obligations
• Liaise with Quant, Traders on the pricing tool to load and price the portfolio of trades from SGX
• Review weekly SAR report; all reconciliations & control breaks are reviewed and explained to Risk Ops
• Perform Quarterly Assurance testing on effectiveness of the Controls
• Work with Service Line to clean-up the controls in the Control Inventory (standardize the control names and decommission those controls that are no longer relevant) and map each control to L4 processes to Key Operating Controls to standardize global processes
• Involve in the system migration to Murex for IB and 1WMP for Wealth
• Provide system requirements for the BRD from SME perspective; participate in the UAT testing and ensuring the controls for the new trade capture systems stay relevant
• Manage and provide supervision on the Offshore teams in China and India
• Front-run weekly training to offshore team to beef up the knowledge and close any gaps in the process understanding.

• Intra-day clearing of trades to CCP Monitor and investigate any trade rejected by CCP Run MTC report on ensure all mandated to clear trades under Dodd Frank are cleared
• Any exceptions are flagged to Sales, Traders and Compliance
• Work with Clearing Programme Business Analysts on any clearing projects and initiatives
• Run the Tri-Optima Bilateral and LCH compression cycles for APAC EM Currencies, AUD and JPY
• Analyse and run internal trade compression to help reduce trade population, operation risks and less trade life cycle management
• Coordinate closely with London to run the LCH and JSCC DMP Firedrills

• Support APAC Rates Sales & Trading in Interest Rate Derivatives, MM, FX, NDF and Futures
• Provide trade support to Front Office – Trade Capture, Trade Validation, Trade Life Cycle Management & Enrichment and Funding
• Run daily cash balances and report the funding requirements to Traders for funding
• Intra-day monitor of trades in the Middleware and investigate any failed trades and raise queries to IT Support
• Perform Rates fixings and Market Data saving to the risk system
• Monitor group mailbox and ensure all queries are replied or follow-up in a timely manner
• Run End of Day Trade Completeness check to ensure all trades are input into the risk system
• Run T-Zero PnL Flash for Front Office and investigate any PnL breaks Liaise with Product Controller on any PnL breaks on T+1 Perform FOFO reconciliations and follow up on any breaks for resolution Perform Brokerage check on T+1 Investigate and resolve any trade queries from Back Office / Front Office / Clients
• Point of contact for Sales, Traders, Product Controller, Middle Offices, Confirmation and Settlements
• Identified control gaps
• Work with IT to roll-out control reports and implemented control checks to close the gaps.

• Support FX Options Sales & Trading in drafting of FX Option confirmations
• Check the trade bookings in the system against the termsheet to ensure there is no discrepancy
• Draft paper confirmations for the Structured trade and ensure it is in-line with the trade bookings and termsheet
• Raise query to Sales and Trade Support/Middle Office if there is any discrepancy in the trade bookings
• Ensure all vanilla trade confirmations are dispatched by T+1
• Close follow up with Traders & Sales to approve the paper confirmation to ensure all structured trade confirmation are dispatched by T+5.

• Support APAC Rates Sales & Trading in Interest Rate Derivatives, MM, FX, & NDF
• Provide trade support to Front Office – Trade Capture, Trade Validation and Trade Life Cycle Management & Enrichment
• Perform Rates fixings and Market Data saving to the risk system
• Monitor group mailbox and ensure all queries are replied or follow-up in a timely manner
• Run End of Day Trade Completeness check to ensure all trades are input into the risk system
• Perform Broker Blotter & brokerage check on T+1
• Perform FOFO reconciliations and follow up on any breaks for resolution Run Tri-Optima Compression cycles for APAC EM Currencies
• Initiate the use of checklist for trade validation and trade amendments to avoid trade validation errors that have PnL impact
• Provide SME training to offshore location and key oversight over their daily processes.

• Responsible for drafting of Outgoing paper confirmations for Equity Options, FX Options and Credit Derivatives
• Perform cross-check of Incoming paper confirmations for Equities Derivatives, Interest Rates Derivatives and NDF
• Match Credit Derivatives trade on electronic platform (DTCC) and handle Incoming paper confirmations checks for Credit Derivatives
• Prepare Pricing Supplements for Equity Linked Notes
• Interact with Legal on issues pertaining to confirmation templates and legal languages in the confirmations
• Highlight trade discrepancies and resolve issues in a timely manner with Operations and Front Office
• Improve and increase the volume of CDS trades to be matched and confirmed in DTCC– 1) Clean up reference entity names in the database 2) Auto-match Index Tranche in DTCC and 3) Auto-match CDS trade using ISDA2005 Credit Derivatives Matrix.

• Undertake Confirmation Matching System (CMS) initiative to automate the matching of FX trades
• Prepare weekly MIS reports to Management on unsigned termsheet as well as trades with no executed confirmations
• Handle confirmation on Equity & Bonds options and Derivatives products, such as Interest Rate Swaps, Daily Range Accrual Swaps & Market-Linked Investment Products
• Handle Incoming confirmations checks for Money Market, FX and FX Options
• Liaise with Zurich middle office, Counterparties and Treasury Operations to resolve any trade discrepancies and escalate any un-booked trades to Middle Office.