Manager, Derivative Operations

Manager, Derivative Operations

Standard Chartered
4-7 years
Not Specified

Job Description

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
SCB GBS India Documentation hub supports more than 20 regional offices, covering a large array of Derivatives products ranging from Equity Derivatives, Commodity Derivatives, FX Options, Interest Rate Products and Credit Derivatives. With the visions in acquiring new developing markets and pioneering of new evolving products will transform the business into new heights. The department is currently supported by about 32 staff across Bangalore and Chennai. Similar team in Kuala Lumpur.
Derivatives Documentation desk currently consists of 32 team members from a variety experiences and different cultural backgrounds. With the continuous growth to support an increasingly demanding business within an ever-changing environment, this is a dynamic and enthusiastic team thriving for excellence
  • Financial Market Operations

  • Equity Documentations, (EV)

People and Talent
  • Product Knowledge - Advanced
  • Process Management - Advanced
  • Capacity Planning - Advanced
  • Operations Risk Management - Advanced

Risk Management
  • Understand the day to day operations for the various product businesses between Middle Office and Confirmations team. Key deliverables to integrate both teams.
  • Delegate workload across both teams efficiently to yield maximum staff capacity.
  • Management and co-ordination of Change management for India OTC Derivatives on strategic initiatives, including monthly reporting to key stake holders
  • Develop relationships with the various internal stakeholders (for example, Middle Office, Front Office, Legal and Customer Services Groups, Product Enablement (TMG), Settlements and Senior Management in FMO)
  • Assist in production of various reports to be presented to Senior Managements
  • Assist management to develop the growth and development for all the staff
  • Cascade and support management's visions to the team members
  • Working with management team to develop and implement of innovative solutions, providing value added support to new markets and new products and FMO teams.
  • Continuously creating opportunities/efficiencies on process improvement and professional development within the team and across the bank
  • Reconciliation and Exception Queue Management
  • Responsible for the execution of accurate and timely reconciliations and break investigations according to the latest approved global, product, and regionally defined procedures.
  • Query, Investigation and Escalation Management
  • Responsible for the execution of accurate & timely management of queries, investigation and escalation according to the latest approved global, product and regionally defined procedures.
  • Applies to all management of all queries, investigations, and escalations.
  • Ensure all controls are applied including those defined in the Operational Risk Framework
  • Liaison with Internal and External audit
  • Equity EV representative for weekly and monthly Service Review Meetings
  • Manage front to back product oversight across functions as per the Country Support model
  • Supporting ad-hoc requests/projects/initiatives, on non-business days inclusive (if necessary)
  • People Management and Succession planning of staff's cross product training across the desk, developing and grooming supervisor to expand product knowledge in Option, Rates, Commodities, Equities and Credit Derivatives
  • Continuous product trainings/ presentations given from Front Office to facilitate greater understanding of the respective businesses and product knowledge

  • Customer Service Standards
  • Performance/Productivity
  • Operational Risk Management
  • Compliance
  • Cost Control
  • Audit Grades
  • Self-Development

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.
  • 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.] *
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders
  • Derivatives FIC Front Office globally but primarily in Asia.
  • Derivatives Operations units globally.
  • Derivatives Documentation globally.
  • Markets Operations Controls globally.
  • Product Control globally.
  • Market Risks globally.
  • Customer Service Group globally.
  • Shared Service Centres globally.
  • Global Markets Operations globally.
  • Various Middle Office sites.
  • Traders and sales personnel from the Derivatives, business.
  • Local CC and offshore FMO CC Teams
  • WB Legal Department
  • External customers

Other Responsibilities
  • Supporting ad-hoc requests/projects/initiatives, on non-business days inclusive (if necessary)

Our Ideal Candidate
  • Degree, Advanced/Higher/Graduate Diploma in Finance/Accountancy/Banking or equivalent
  • Minimum 4 - 7 years proven experience in financial markets operations - Middle Office/Confirmations/Settlements team for any asset classes
  • Product knowledge on Equity derivatives and Equity Financing products
  • Conceptual understanding of derivative transaction workflow and around market events like call, exercises, fixings, rollovers etc
  • Knowledge of ISDA terminology and definitions is desirable but not essential
  • Proven experience in project management/ business analysis is desirable
  • Knowledge of current prudential and regulatory market initiatives is desired. Familiarity with trade booking practices, SWIFT payment and confirmation gateways.
  • Possess strong communication and inter-personal relationship skills
  • Experience of working within treasury function in trade verification or matching or settlements.
  • Excellent interpersonal skills, with the ability to communicate at all levels both written (report and guideline writing) and verbally
  • Attention to detail
  • Ability to meet tight deadlines for multiple deliverables
  • Proactive team player.
  • Independent but a good team player
  • Excellent PC skills: MS Word, MS Excel, MS PowerPoint
  • Flexibility to work in shifts or during public holidays

Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our . We welcome conversations on flexible working.

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