Job Summary

•    The jobholder assists the Unit Operations Risk Manager (“UORM”) for Securities Services Operations. The job holder is responsible to track regulatory circulars, perform daily BAU activities like reconciliation etc and submission of Regulatory Returns within timeline. Also, Job holder is responsible in identification and review of critical factors on a preventive basis and ensuring timely implementation on all improvement actions and ensuring regulatory changes are adequately implemented at the operational level.

•    The role requires collaboration with the SSO team, SSO Head, FSS Risk and Control team, Country Operational Risk Manager and Country Compliance.

•    The jobholder is also required to analyse and provide inputs to the UORM and the SSO head on all new regulations/circulars and internal policies affecting the unit directly or indirectly.

Key Responsibilities

Strategy

•    Ensure that the key controls are fully implemented at all levels and add to these as applicable
•    Identification and review of critical process of selected units on a preventive basis to avoid client complaints
•    To assist the UORM in identifying and drafting the procedures in DOIs, assist in distribution of documents and ensure that all staff hold the latest version of documents
•    To facilitate and promote the understanding of OR and compliance requirements in the unit
•    To maintain vendor agreements of the unit
•    To ensure appropriate escalations to various stakeholders within the bank
•    Reporting of issues as per group policy as and when come to know

Business

•    To assist the UORM in performing root cause analysis of the operational risk, errors and omission in the unit and build the controls to plug the mishaps
•    Report any suspicious transaction immediately to the supervising officer, if any
•    Act as audit coordinator for various audits scheduled in the unit and assigned by the manager/SSO Head and follow-up on the closure of the action points/process deficiencies arising out of such audits
•    Escalation of risks in M7/GENIE on a timely basis
•    To perform daily and monthly BAU as per role requirement

Processes

•    To review daily reconciliations and ensure all outstanding are escalated as per the escalation matrix and resolved
•    Conduct meeting within units to discuss Regulatory Circulars and DMRM
•    Automation of process wherever possible
•    Support to team as backup

People & Talent
•    Attend training conducted within the unit to enhance to knowledge

Risk Management

•    To perform the key control indicators (KCIs) and Control Sample Testing (CSTs), and to ensure any exceptions noted are escalated well in time
•    Ensure compliance of the unit with the various regulations and internal policies issued by the group relating to the operations of the business unit

Governance
•    Assist the UORM in implementation of the Enterprise Risk Management Framework (“ERMF”) for SSO

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.
•    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.] * 
•    Serve as a Director of the Board 
•    Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association (or equivalent) 

Key stakeholders

Internal
•    Country COO office
•    Legal and Compliance
•    Country and Group Risk and Governance teams

External
•    Exchanges (NSE and BSE)
•    Depositories (NSDL and CDSL)
•    Clearing Corporation (NCL and ICCL)
•    Concurrent Auditors
•    External Auditors/Inspection Team including Regulatory Inspection and ISAE 3402 Audi

Other Responsibilities
•    Support the UORM in all his endeavours as directed
•    Conduct BCP as per Group Policy
•    Assist Team member in case of high workload, absenteeism in the unit

Skills and Experience

•    Knowledge of Financial Instruments
•    Custody Operations
•    Regulatory Compliance
•    Risk Management
•    Attention to Detail
•    Communication Skills, Problem-Solving Skills and Time Management

Qualifications

Education    
•    Degree holder in Finance or minimum graduate degree 
•    2-3 years of Experience in Risk & Control role
•    Good interpersonal, communication and negotiation skills and a proven ability to work independently

Competencies

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

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