Role Responsibilities
FXMM Ops is all about the payment, the delivery of our product to the client.
Secure and safe payment of the correct amount on time.
Based on trade booking, affirmed by client post-trade and in accordance to appropriately authenticated client payment instructions.
Responsibilities*
Strategy*
Taking the lead in resolving confirmation/settlement related issues. Involve in capacity planning of determine the production capacity needed in a day to meet the changing demands of job allocation. Prioritizes and schedule dept. workload accordingly to meet volume peaks & troughs. Organizes leave coverage to ensure adequate resources for work continuity in dept. Communicates own work plan issues and escalates potential Bottlenecks to Line Managers
Business*
Manage one or multiple processes through a team of Operations Officers, handle escalations/errors and in addition may manage selected projects. To maintain good business relationship with Front Office. Taking the lead in resolving confirmation/settlement related issues. Constant review of DOI to ensure updating of process procedures.
Processes*
To facilitate treasury operations for FXMM asset classes in a prompt and efficient manner. Understands the various product booking models & able to perform End-to-end operation processing for Foreign Exchanged and Money Market products. Daily tasks including confirmation generation, dispatch, matching, chasing, reporting and client servicing and affirming cashflow and settlement instruction, payment releasing and EOD controls. Investigation on GL Suspense and Nostro accounts imbalances. Construction of manual confirmations or payments may be required in some instances. Ensure timely resolution of internal & external customer queries.
People & Talent*
Ensuring adequate resources (quantity and quality) are available to meet pre- determined business Service Level Agreements (SLAs) and ultimately satisfy customers. Taking on new opportunities and tough challenges with a sense of urgency, energy and enthusiasm. Building partnerships and working collaboratively with others to meet shared objectives. Stepping up to address difficult issues and saying what needs to be said. Building strong customer relationships and delivering customer-centric solutions. Gaining the confidence and trust of others through honesty, integrity and authenticity. Actively learning through experimentation when tackling new problems. Using both successes and failures as a learning factor. To guide junior analysts in the day-to-day BAU functions within the Department for Foreign Exchanged and Money Market products. To assist the Manager in running of all Department BAU functions for all relevant asset classes including confirmation, settlement, exceptions processing, MIS reporting, control & risk mitigation, project & people management.
Risk Management*
Constant review of DOI to ensure updating of process procedures. Identify errors and omissions resulting from routine process actions and able to investigate & promptly resolve GL Suspense and Nostro accounts imbalances & breaks. Target to decrease processing errors, both internal and external. Timely escalate and record any exceptional cases. Ensure audit and risk control measures for BAU procedures and processes are adhered to. To ensure processes in compliance to the group standard. Report any suspicious trades in accordance to the Anti-Money Laundering Policy.
Governance*
Ensure processes are complying to the group standard. Ensure fast turnaround time in responding to queries raised by parties within or outside the bank
Regulatory & Business Conduct*
\xc2\xb7 Display exemplary conduct and live by the .
\xc2\xb7 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.
\xc2\xb7 Lead the FXMM Operations to achieve the outcomes set out in the Banks Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] *
\xc2\xb7 Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
\xc2\xb7 PRA/FCA prescribed responsibilities and Rationale for allocation.
Key stakeholders*
Internal
- In-Country Team
- Front Desk / Middle Office
- Inter-departments
- Technology Team
- Data Management Team
- Relationship Manager / Client Manager
- Risk Officer
External
- Financial Counterparty
- Non-Financial Counterparty
Qualifications*
Training, licenses, memberships and certifications
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