Job Summary

Financial Markets Middle Office was set up in 2016 to deliver first class trade support, business enablement and accurate / timely trade representation in order to meet obligations to clients, counterparties and regulators. We are product and process subject matter experts aligned to the Global Financial Markets business providing Follow The Sun support, a continuous improvement mindset and industry connectivity.
•    Trade capture and coordination for loans
•    Closing of LMA and LSTA loan trades
•    Manage workflows via Clearpar/Markit/Loan IQ
•    Drafting of Loan Trade settlement documentation – Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) for paper trades
•    Review of underlying credit documentation to ensure accurate assignment of debt
•    Liaise with our business partners, counterparties and legal counsels in a professional manner and take the lead role where required
•    Manage and coordinate all aspects of trade settlements and be aware of the nuances of transferring inventory under various governing laws
•    Monitoring/tracking/reporting of all trades using appropriate workflow tools
•    Identifying and escalating issues to traders, in-house legal and compliance teams as well as management
•    Drive continuous improvement and innovate on Secondary Loan Closing processes, including partnering with Technology to deliver transformation
•    Understanding and manage query remediation and other day-to-day processing, ensuring timely escalation, in order to minimise risk.
•    New business enablement and solutions, partner to deliver strategic initiatives and drive Operational readiness.
•    Operations representation for external/internal and regulator scheduled audits, ensuring Audit points are addressed within timelines.
•    Be up to date and ensure compliance with regulatory requirements.
•    Adherence to Ops Risk Framework standards of implementation and process management.
•    Periodic review of DOI, process note, daily check-list to ensure complete and accurate recording of process procedure.

Key Responsibilities

Regulatory & 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.
•    Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders
•    Trading, Sales, Product Control, Finance, Technology, Risk, Legal, Operational Risk, Loan Operations

Skills and Experience

•    Loan Closing
•    LoanIQ Processing

Qualifications

•    3+ years of Secondary Loan Closing experience across LMA and LSTA markets
•    Closing trades via both ClearPar trade settlement platform as well as paper trades
•    Good understanding of the LMA and LSTA Standard Terms and Conditions
•    Understanding of common market practices and requirements across jurisdictions to settle trades.
•    A good working knowledge of Legal & Tax standards/practices that are commonplace in the Market, such as the understanding of (i) Novation vs Assignment (ii) WHT (iii) Transfer.
•    Proficient in Excel (pivot tables, lookups and basic VBA an advantage).

Technical skills
•    Vanilla Credit products knowledge – Loans - Required
•    Structured Credit products knowledge – Loan TRS/ TRCLI - Required
•    System knowledge – Loan IQ, ClearPar, Murex - 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.

Recruitment Assessments

Expected annual base pay range for the role is 99,600 USD to  149,400 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations Visit our careers website www.sc.com/careers 

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers