Associate - Etd & Commodities

3 weeks ago


Bengaluru Karnataka, India Standard Chartered Full time

**Key Responsibilities**

**Strategy**
- Ensure that all client and house trades are cleared and settled in a timely manner and adhere to bank and exchange policy. Monitor and pay the client and house margin calls in line with the rules of the exchange and settle all client and house queries in line with policy. High levels of engagement with stakeholders are needed to optimise current processes in order to make sure the department runs as efficiently as possible. As ETD (Exchange Traded Derivatives) Operations Associate you would also be expected to lead and take a proactive stance on new initiatives and projects to drive the business forward and work closely with the LME, ICE & CME Exchanges to deliver new market services to SCB. This is a key hire into the India ETD Operations team to deliver the operational requirements of Self Clearing to support the CME and ICE Clearing operations activities and other exchanges as required/ onboarded.

**Business**
- Standard Chartered Bank (SCB) Technology, Transformation & Operations (TTO) has a dedicated Financial Market Operations which supports the market clients and products within Corporate & Institutional Banking (CIB). FM Operations has responsibility for the execution, control and continuous improvement of processes to support our Products & Clients. FMO has 3 distinct functions - Product Management, Regional/Country oversight and Processing Functions (Service Providers). This role has oversight for product management of Financial Market Commodity Operations including Futures, Listed and OTC Derivatives and Physical Commodities.

**Processes**
- Maintenance of brokers, contracts, accounts in the banks systems to ensure STP trade flow
- Top Day Trade Monitoring and allocations for ICE Group, CME Group (NYMEX, COMEX, CBOT) and LME and other exchanges as required/ onboarded
- Monitoring Lifecyle events on TAS trades
- Trade and Position Reconciliation
- Front Office - Back Office (FOBO) Reconciliations
- Open interest management
- Managing intra-day cash margin calls
- Option Abandonment/Exercise
- MIFID II CPR Position Reporting and CME/ CFTC Large Trader (Position Reporting) to the relevant exchanges
- CME FX Delivery Process
- COMEX Physical deliveries (Warrants)

**People & Talent**
- Ensure that there is a strong support model and staff contingency plan in place within the team at all times.
- Enhance the development of peers by imparting knowledge in your area of expertise.
- Work in collaboration with risk and control partners

**Risk Management**
- Responsible for execution of the banks 1st line controls within the Trade Initiation Execution and Capture and Settlements and Clearing Processes.
- Ensure operational risk/loss incidents are logged and managed in accordance to group OR procedures.
- Ensure a full understanding of the risk and control environment in area of responsibility

**Governance**
- Responsible for assessing the effectiveness of the Group’s arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas
- Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
- Willingness to work with any local regulators/exchange in an open and cooperative manner.

**Key stakeholders**
- Work in close synergy with the global ETD Clearing teams in London, US and Kuala Lumpur and Middle Office in London, Singapore, US and India to resolve daily BAU issues and ensure processes are executed efficiently.
- Support the trading desks by being responsive to any questions and challenge when necessary.
- Work closely with Country and Group Operational Risk Functions to address control gaps or process weaknesses.
- Support the Global Head of Commodities and ETD Operations and the COO office to execute the strategy of the FM Business.
- Support both country and product compliance to ensure the function is compliant to all regulatory and exchange requirements.

**Other Responsibilities**
- Embed Here for good and Group’s brand and values in the ETD Operations team,
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
- Embed Here for good and Group’s brand and values in the ETD Operations Team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

**Skills and Experience**
- Internal Controls
- Operational Functions
- Products and Services
- Relationship Management
- Risk Management
- Required Skills_:

- Analytical and process improvement mindset
- Strong inter-personal skills:

- Confident communicator able to adapt style to Front Office and Hubs colleagues
- Ability to influence demanding individuals
- Demonstrate strong teamwork and values mindset
- Thrive on working in fast paced environment while maintaining attention to detail
- Fast learner with the ability to think out of



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