Manager – ETD & Commodities

Manager – ETD & Commodities

Standard Chartered
5-8 years
Not Specified

Job Description

Role Responsibilities

Financial Markets ETD Operations was set up in 2016 to deliver first class trade support, business enablement and accurate / timely trade representation in order to meet obligations to SCBs House Franchises, 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.
Key Middle Office principles:
  • Business alignment / Product expertise: Product specialists who understand business priorities and strategy, define optimal solutions leveraging industry leading facilities and influence behaviour through countenance
  • Connect: Build bridges across the bank to simplify current operating model, create efficiencies and identify new opportunities
  • Leadership and Market presence: Own your domain and influence product evolution, define internal standards and shape future utilities through selective industry positioning
  • Risk Manager: Define the standard to effectively control trade and post trade processes understand regulations, key trends, and external incidents voice opinions and concerns protect the bank

Role Responsibilities:
  • Support for all House Franchises across all relevant Business lines trading Exchange Traded Derivatives
  • Own query remediation, trade life-cycling and other day-to-day processing, ensuring timely escalation, in order to minimise risk.
  • Understand the Futures & Options products lifecycle across Rates, Commodities, FX & Equities from front to back and be the subject matter expert and go-to person for the core systems processing.
  • Drive continuous improvement and innovate:
    • Partner with Technology to deliver transformation
    • Work with FM to identify process improvements and drive efficiency
  • Face of Operations to Sales and Trading Desks locally - primary point of contact:
    • Insulate FM from post execution processing / queries, represent Operations functions
    • Build team profile with the Front Office
    • Stakeholder engagement, 2-way flow of information - Trusted Advisor
  • New business enablement and solutions, partner to deliver strategic FM initiatives.
  • Constantly seek opportunities to improve global consistency, work closely with the Hubs and other regions to close gaps and standardise processes.
  • Communicate with trading desks & COO to solve immediate day to day issues with transactions as well as understand their longer terms needs to shape business decisions in Operations
  • Build strong relationship with direct colleagues in London & New York ETD Ops as well as Singapore Clearing Technology to facilitate efficient communications and speedy resolutions of issues:
    • Identify and close knowledge gaps within the Global Team through hands on training
    • Daily KPI monitoring vs SLA
  • Engage with industry bodies and vendors to identify opportunities to enhances processes and systems and drive efficiency
  • Be the subject matter expert for MIS, cost-per-trade, touch points per trade - drive their evolution and identify areas to proactively add value through improved data
  • Be aware of, and strive to reduce, vendor costs
  • Operations representation for external/internal and regulator scheduled audits:
    • Ensure Audit points are addressed within timelines
  • Achieve regulatory compliance and future proof the ETD Ops model through a strong understanding of current rules and anticipation of upcoming regulations
  • Adherence to Ops Risk Framework standards of implementation and process management:
    • Continuous review of procedures & processes

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.

Our Ideal Candidate

Minimum Qualifications:
. University degree preferred
Required Experience:
. Subject matter expert on Exchange Traded Derivatives with a core understanding trade and post trade processes
  • ETD trade, position and cash reconciliations inclusive of fees & commission management
  • Additional knowledge of expiry and trade life-cycling is highly desirable
  • Minimum 5 years Financial Markets experience ideally from a top tier bank
  • Understanding of front to back process and systems flows

Required Skills:
  • Analytical and process improvement mindset

. Strong inter-personal skills:
  • Confident communicator able to adapt style to Front Office and Hubs colleagues
  • Ability to influence demanding individuals
  • Impact and gravitas to drive meetings with senior Ops and FO management
  • Demonstrate strong teamwork and values mindset

. Thrive on working in fast paced environment while maintaining attention to detail
. Fast learner with the ability to think out of the box and provide solutions
. Knowledge of vendor systems supporting ETDs (ION XTP, FIS, GMI or equivalent) Bloomberg, Murex v2.11 and v3.1 preferable
. Proficient in Excel (pivots, lookups and basic VBA an advantage)
. Experience of regulatory reporting would be advantageous

About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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

  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
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, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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

Job Details

Standard Chartered plc is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East.

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