AM,MO Control Trade Validation

3 weeks ago


Bengaluru, India Standard Chartered Bank Full time
RESPONSIBILITIES

StrategyNon Trade Validation MIS Lead is responsible to ensure robust Data & Control delivery across Middle Office Controls supporting FM Business. Collaborate with Validation and FO Supervision functions to ensure effective Data and MIS insights published to FM stakeholders and Management.Trade Validation Control involving deal review against external source across OTC products and regions for FM Business. Execute Controls and Reporting, to ensure Risk captured accurately in system compliant to product Booking models.FO Supervision Controls to monitor Trading risk positions, trade capture timelines, Regulatory Compliance and Rogue trading Controls to identify and escalate any exceptionsNon-Validation Controls across FOBO, FOFO and Interface system exception monitoring and reconciliation break resolution to ensure data integrity and completeness.New business enablement and solutions, partner to deliver strategic FM initiatives and ensure Operational readinessManage query remediation, other day-to-day processing, ensuring timely escalation to minimise risk exposure.Collaborate with FMO Front Office including Trading and Sales Desks and Business COO to support Business Enablement initiatives and Control frameworkInsulate FM from post execution processing / queries, represent Operations functionsBuild team profile with the Front OfficeStakeholder engagement, 2-way flow of information – “Trusted Advisor”Build strong relationship with internal teams across Ops, Finance, Risk and Technology to facilitate efficient Collaboration and speedy resolution of issuesDrive continuous improvement and innovate:Partner with Technology to deliver TransformationWork with Business COO to identify booking model improvements and drive efficiencyAchieve Regulatory and Conduct Compliance and future proof the Middle Office model through a strong understanding of current rules and anticipation of upcoming regulationsAdherence to Ops Risk Framework standards of implementation and process managementOversight of Daily Productivity, KPI, KCI and Capacity metricsBusinessFinancial Markets Operations (FMO) Middle Office (MO) was established in 2017 in a response to increasing requirements from Front Office (FO) for dedicated support. Middle Office function’s core purpose is to insulate FM Trading / Sales, permitting them to maintain focus on revenue generation, Client and risk management.In 2022 the Global Middle Office function underwent a significant restructure, expanding its remit through the absorption of former Trade Control (rebranded MO Controls), Sabre Support, New Issuance Group (NIG) and Transaction Management (TMG) support functions. MO also expanded its remit into Sales Support. This re-alignment places all direct FM support functions under one consolidated organisational structure, with the ultimate aim of accountability and delivery of high quality, streamlined and synergized FM services.Middle Office Control team aims to deliver Best in class support to FM Business enablement, Product and Process subject matter expertise, promoting Continuous Improvement culture, ensuring robust Controls framework and governance to meet our obligations to Clients, Counterparties and Regulators.Middle Office Control covers 3 key Control functions including Trade Validation Control, Non-Validation Control and Front Office Supervision Control.ProcessesOTC Products: FX, FX Options, Interest Rate Swaps, Commodities, Credit Derivatives, Equity Derivatives, Money Market and ESG products.Electronic executions across Markitwire, RTNS, Bloomberg, ICE Link etcNew and Amended Trade ValidationNon-Validation ControlsFO Supervision ControlsNew Products & Business EnablementPeople & TalentEnsure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.Risk ManagementResponsibilities relating to identifying, assessing, monitoring, controlling and mitigating risks to the Group, as well as an awareness and understanding of the main risks facing the Group and the role the individual plays in managing themGovernanceResponsibilities relating to the direction, planning, structure, frameworks ( processes and policies) and oversight.Regulatory & Business ConductDisplay 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.Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.Lead to achieve the outcomes set out in the Bank’s Conduct PrinciplesKey StakeholdersFM Front Office – Trading, Sales & StructuringFM Business COOFMO Country Heads & BORMFM Technology and TransformationFMO Operations, Product Control & Risk functionsFM Compliance and AuditOther ResponsibilitiesEmbed Here for good and Group’s brand and values, Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats)Our Ideal CandidateEducation PGDBA/MBA/MCOMCertifications NA ( Derivatives related certification preferable )Language EnglishRole Specific Technical CompetenciesFinancial Market product and process knowledge especially Derivatives productsAt least 4 years of relevant experienceExperience of working within treasury function in trade verification or matching or settlementsOperational Risk ManagementExperience in Transformation projects, Agile, Six Sigma and Digitisation initiatives

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