AM,MO Control Trade Validation-(2400004739) Job:Operations Primary Location:Asia-India-Bangalore Schedule:Full-time Employee Status:Permanent Posting Date:17/May/2024, 6:20:20 AM Unposting Date:Ongoing
RESPONSIBILITIES
Strategy
Non Trade Validation MIS Lead is responsible to ensure robust Data & Control delivery across Middle Office Controls supporting FM Business. Collaborate with Validation and FO Supervision functions to ensure effective Data and MIS insights published to FM stakeholders and Management.
Trade Validation Control involving deal review against external source across OTC products and regions for FM Business. Execute Controls and Reporting, to ensure Risk captured accurately in system compliant to product Booking models.
FO Supervision Controls to monitor Trading risk positions, trade capture timelines, Regulatory Compliance and Rogue trading Controls to identify and escalate any exceptions
Non-Validation Controls across FOBO, FOFO and Interface system exception monitoring and reconciliation break resolution to ensure data integrity and completeness.
New business enablement and solutions, partner to deliver strategic FM initiatives and ensure Operational readiness
Manage query remediation, other day-to-day processing, ensuring timely escalation to minimise risk exposure.
Collaborate with FMO Front Office including Trading and Sales Desks and Business COO to support Business Enablement initiatives and Control framework
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”
Build strong relationship with internal teams across Ops, Finance, Risk and Technology to facilitate efficient Collaboration and speedy resolution of issues
Drive continuous improvement and innovate:
Partner with Technology to deliver Transformation
Work with Business COO to identify booking model improvements and drive efficiency
Achieve Regulatory and Conduct Compliance and future proof the Middle Office model through a strong understanding of current rules and anticipation of upcoming regulations
Adherence to Ops Risk Framework standards of implementation and process management
Oversight of Daily Productivity, KPI, KCI and Capacity metrics
Business
Financial Markets Operations (FMO) Middle Office (MO) was established in 2017 in a response to increasing requirements from Front Office (FO) for dedicated support. Middle Office function’s core purpose is to insulate FM Trading / Sales, permitting them to maintain focus on revenue generation, Client and risk management.
In 2022 the Global Middle Office function underwent a significant restructure, expanding its remit through the absorption of former Trade Control (rebranded MO Controls), Sabre Support, New Issuance Group (NIG) and Transaction Management (TMG) support functions. MO also expanded its remit into Sales Support. This re-alignment places all direct FM support functions under one consolidated organisational structure, with the ultimate aim of accountability and delivery of high quality, streamlined and synergized FM services.
Middle Office Control team aims to deliver Best in class support to FM Business enablement, Product and Process subject matter expertise, promoting Continuous Improvement culture, ensuring robust Controls framework and governance to meet our obligations to Clients, Counterparties and Regulators.Middle Office Control covers 3 key Control functions including Trade Validation Control, Non-Validation Control and Front Office Supervision Control.
Processes
OTC Products: FX, FX Options, Interest Rate Swaps, Commodities, Credit Derivatives, Equity Derivatives, Money Market and ESG products.
Electronic executions across Markitwire, RTNS, Bloomberg, ICE Link etc
New and Amended Trade Validation
Non-Validation Controls
FO Supervision Controls
New Products & Business Enablement
People & Talent
Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
Risk Management
Responsibilities relating to identifying, assessing, monitoring, controlling and mitigating risks to the Group, as well as an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them
Governance
Responsibilities relating to the direction, planning, structure, frameworks (e.g. processes and policies) and oversight.
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
Key Stakeholders
FM Front Office – Trading, Sales & Structuring
FM Business COO
FMO Country Heads & BORM
FM Technology and Transformation
FMO Operations, Product Control & Risk functions
FM Compliance and Audit
Other Responsibilities
Embed Here for good and Group’s brand and values, Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats)
