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OCBC

VP, Global Markets New Products - Global Markets Division

OCBC
BusinessOCBC SingaporeFull-time2 weeks ago
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About the role

AI summarised

The VP, Global Markets New Products is a senior role within the Global Markets Division of a bank, responsible for overseeing the new product approval process, ensuring compliance with regulatory requirements, and managing risk across new financial products. The role involves coordinating with various stakeholders including trading, sales, legal, compliance, and risk teams to evaluate and approve new products.

BusinessFull-timeGeneral

Key Responsibilities

  • Lead the new product approval process for Global Markets, ensuring all new products are reviewed and approved in accordance with bank policies and regulatory requirements.
  • Coordinate with trading, sales, legal, compliance, risk, and operations teams to assess the risks and operational readiness of new products.
  • Develop and maintain new product governance frameworks and procedures.
  • Review and approve new product proposals, including structured products, derivatives, and other financial instruments.
  • Ensure compliance with MAS regulations, Basel III, and other relevant regulatory standards.
  • Monitor the ongoing performance and risk profile of approved new products.
  • Provide training and guidance to business units on new product approval processes.
  • Prepare and present new product approval reports to senior management and committees.
  • Liaise with external regulators on new product-related matters as required.
  • Drive continuous improvement in the new product approval process to enhance efficiency and control.

Requirements

  • Minimum 10-15 years of experience in global markets, risk management, or product control within a bank or financial institution.
  • Strong knowledge of financial products including derivatives, structured products, and fixed income.
  • In-depth understanding of risk management principles (market, credit, operational risk).
  • Familiarity with MAS regulations, Basel III, and SOX compliance.
  • Excellent stakeholder management and communication skills.
  • Proven ability to lead cross-functional projects and initiatives.
  • Strong analytical and problem-solving skills.
  • Bachelor's degree in Finance, Economics, or Business; advanced degree or professional certification (CFA, FRM) preferred.
  • Experience in new product approval or product development is highly desirable.
  • Ability to work in a fast-paced, dynamic environment and manage multiple priorities.