Am-middleoffice Tradecontrol - Bengaluru, India - Standard Chartered

Standard Chartered

Verified Company

Bengaluru, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Job:
Operations

Primary Location:
Asia-India-Bangalore

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 22/Feb/2023, 7:00:33 AM

Unposting Date:
Ongoing

The Role Responsibilities

Strategy

Background

Financial Markets Middle Office was set up in 2016 to deliver first class trade support, business enablement and accurate / timely trade representation to meet obligations to clients, counterparties and regulators.

Key Middle Office Principles

Business Alignment / Product Expertise

Product specialists who understand business priorities and strategy, define optimal solutions leveraging industry leading facilities and influence behaviour through countenance.

Connect

Build bridges across the bank to simplify current operating model, create efficiencies and identify new opportunities.

Leadership and Market Presence

Own your domain and influence product evolution, define internal standards and shape future utilities through selective industry positioning.

Risk Manager

Define the standard to effectively control the T0 business day; understand regulations, key trends, and external incidents; voice opinions and concerns; protect the bank
Trade capture, life cycling, daily funding, reconciliation and PnL flash runs for Macro business.
Manage query remediation, trade lifecycling and other daytoday processing, ensuring timely escalation to minimise risk exposure.
New business enablement and solutions, partner to deliver strategic FM initiatives:
Drive Operational readiness
Collaborate with global Middle Office to achieve seamless follow the sun model and constantly seek opportunities to achieve process consistency.
Face of Operations to Macro Trading and Sales Desks primary point of contact:
Insulate FM from post execution processing / queries, represent Operations functions
Build team profile with the Front Office
Stakeholder engagement, 2way flow of information "Trusted Advisor"
Build strong relationship with internal teams to facilitate efficient communications and speedy resolutions of issues
Identify and close knowledge gaps within the Hubs through hands on training
Drive continuous improvement and innovate:
Partner with Technology to deliver transformation
Work with FO to identify booking model improvements and drive efficiency
Be up to date and ensure compliance with regulatory requirements
Adherence to Ops Risk Framework standards of implementation and process management.
Face of Operations to Desk primary point of contact:
Insulate FM from post execution processing / queries, represent Operations functions
Build team profile with the Front Office
Stakeholder engagement, 2way flow of information "Trusted Advisor"
Constantly seek opportunities to improve global consistency, work closely with the onshore and other regions to close gaps and standardise processes.
Build strong relationship with Onshore Middle-Office to facilitate efficient communications and speedy resolutions of issues:
Identify and close knowledge gaps through hands on training
Operations representation for external/internal and regulator scheduled audits:
Ensure Audit points are addressed within timelines
Achieve regulatory compliance and future proof the Middle Office model through a strong understanding of current rules and anticipation of upcoming regulations
Adherence to Ops Risk Framework standards of implementation and process management:
Continuous review of procedures and booking model.

Migration of Trade control activities from On shore

Business

Derivatives and FX MM trade.

Processes

Validation, Trade process, Exception management and Trade life cycle.

People and Talent

Good Communication with Stakeholders, Accurate validations, Prompt escalation for exceptions.

Risk Management

Reduce Risk and high light the Potential Risk.

Governance

To be Complied with the Global standard for SCB.

Regulatory and Business Conduct

Display exemplary conduct and live by the Group's Values and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Lead to achieve the outcomes set out in the Bank's

Conduct Principles:
[Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment].

Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.

Key Stakeholders