r, Markets Trade

Job Summary

Trade Validation is responsible to ensure robust Control framework and governance mechanism across FM Macro Business manual trade bookings and Cancel & Amends. Collaborate with Non-Validation Control and FO Supervision functions to ensure effective trade and position Control execution towards managing FM Business Risk.

Responsibilities

• Oversight and Delivery for 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

Strategy

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

Risk Management

The Ideal Candidate

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 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

What We Offer

In line with our Fair Pay Charter,

we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.