Senior Manager, Derivative Settlements
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
- Supervision of end to end Settlement and investigations processing for Derivatives products
- Introduce and implement control measures to increase Settlement efficiency and accuracy
- Escalation of operational risks and KCS breaks in accordance to risk reporting
- Monitoring timely completion of KCSA and KCS.
- Dissemination of Compliance and anti-Money Laundering regulations to team and implement necessary controls.
- Ensure that all exceptions are reported in accordance to the Escalation policy.
- Supervision on DOI's review to ensure completed and accurate recording of processes.
- Reviews of Country Addendum (CAs) and new Generic Product Programmes (PPGs).
- Planning and training of suitable successors within the team
- Ensure that any suspicious trades in accordance to the anti-Money Laundering policy are highlighted.
- Address audit issues and introduce / implement control measures to check lapses, if any.
- Defining and documenting both the controls and the monitoring plans used by the businesses in its management of the risks identified in those Matrix spreadsheets. Where there is a separate function responsible for designing and issuing new procedures and guidelines, this must be properly coordinated to avoid gaps and duplication.
- The nature of controls in place and the magnitude of the risks will dictate the frequency and type of business monitoring put in place. A high level description will generally be taken from the KCSs. Monitoring plans are to be produced as a stand-alone document so that anyone undertaking a review can understand the plan without reference to any other plans.
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