Manager- Etd

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 the box and provide solutions Knowledge of vendor systems supporting ETDs ION XTP FIS GMI or equivalent Bloomberg Murex v2 11 and v3 1 preferable plus LME SMART LME SELECT ICE Admin ICE FEC ICE ECS CME Deliveries Plus CME FEC Proficient in Excel pivots lookups and basic VBA an advantage Experience of regulatory reporting would be advantageous LGTR CPR Data Analytics Experience Python or similar desirable Qualifications Education - Minimum Qualifications University degree preferred Languages - ENGLISH Required Experience Subject matter expert on Exchange Traded Derivatives with a core understanding trade and post trade processes ETD trade position and cash reconciliations inclusive of fees commission management Additional knowledge of expiry and trade life-cycling is highly desirable Minimum 3 years Financial Markets experience ideally from a top tier bank Understanding of front to back process and systems flows Strong understanding of commodities products including Base Metals Precious Metals Structured Inventory Product Energy Power Gas Financial and physical knowledge needed and highly advantageous Knowledge of Carbon Emissions and Voluntary Carbon Credits and experience of ICE Endex and CBL exchanges desirable Strong understanding of inventory finance of warrants warehouse receipts holding certificates preferred About Standard Chartered We re an international bank nimble enough to act big enough for impact For more than 170 years we ve worked to make a positive difference for our clients communities and each other We question the status quo love a challenge and enjoy finding new opportunities to grow and do better than before If you re looking for a career with purpose and you want to work for a bank making a difference we want to hear from you You can count on us to celebrate your unique talents and we can t wait to see the talents you can bring us Our purpose to drive commerce and prosperity through our unique diversity together with our brand promise to be here for good are achieved by how we each live our valued behaviours When you work with us you ll see how we value difference and advocate inclusion Together we Do the right thing and are assertive challenge one another and live with integrity while putting the client at the heart of what we do Never settle continuously striving to improve and innovate keeping things simple and learning from doing well and not so well Are better together we can be ourselves be inclusive see more good in others and work collectively to build for the long term What we offer In line with our Fair Pay Charter we offer a competitive salary and benefits to support your mental physical financial and social wellbeing Core bank funding for retirement savings medical and life insurance with flexible and voluntary benefits available in some locations Time-off including annual leave parental maternity 20 weeks sabbatical 12 months maximum and volunteering leave 3 days along with minimum global standards for annual and public holiday which is combined to 30 days minimum Flexible working options based around home and office locations with flexible working patterns Proactive wellbeing support through Unmind a market-leading digital wellbeing platform development courses for resilience and other human skills global Employee Assistance Programme sick leave mental health first-aiders and all sorts of self-help toolkits A continuous learning culture to support your growth with opportunities to reskill and upskill and access to physical virtual and digital learning Being part of an inclusive and values driven organisation one that embraces and celebrates our unique diversity across our teams business functions and geographies - everyone feels respected and can realise their full potential 13814