Head - Fm Mo Business & Processes Governance - Singapore - Standard Chartered

Standard Chartered

Verified Company

Singapore

3 weeks ago

Posted by:

Wei Jie

beBee Recruiter

Description

Job:
Financial Markets

Primary Location:
Asia-Singapore-Singapore

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 07/Jun/2023, 10:14:08 PM

Unposting Date: 22/Jun/2023, 5:59:00 PM

Role Responsibilities
Financial Markets Middle Office provides value added services to the global FM business across US, Europe and Asia.

Collectively we:

-
Enable: We contribute to increased Sales & Trading productivity through effective trade and post trade operational support

We are trusted advisors for the business and take responsibilities for front to back trade exception management and resolution

-
Protect: We are responsible or the correct risk representation at point of capture and throughout the trade lifecycle

We are product specialists and ensure new products and new business opportunities are effectively operationalized

-
Improve: We adopt a continuous improvements mindset and strive to reduce Cost per Transaction through continuously challenging the status quo

We focus on Trade Capture STP improvement to mitigate fraud and operational risk and deliver scalable services back to the business.

-
Connect: We are accountable and responsible for all T0 activities and act as a conduit between Front Office and the other enablement ad operation teams

We act as a Global Team and communicate clearly and with respect in line with SCB values

Responsibilities:

Objectives specific to the position:
Coordinate and lead the change agenda for Middle Office across the global team, collaborate with Asset Class and product heads to ensure consistency in change management approach, framework and benefits calculation
Act as a gatekeeper for all new initiatives impacting the global Middle Office team (spamming from regulatory, audit, productivity, engagement etc)
Lead the communication strategy for Middle Office by establishing regular newsletters and targeted events
Coordinate and lead the FM Middle Office Governance Framework roll out: partner with Products and Regional leads to ensure a consistent approach toward risk and controls.
Support the Head of Global FM Middle Office in strategy execution and roll out.

Strategy

Single point of contact for all strategy, cost and planning decisions for:
Global Head of FMO and the FMO Management Team, Business COOs and Heads of Trading across the Macro and Credit Trading Businesses, Market Risk, Legal, Compliance and Technology.
Global FM MO LT and ELT
New business enablement and solutions, partner to deliver strategic FM initiatives:
Drive Operational readiness for new business areas
Lead the execution and delivery of the location strategy for MO
Lead strategic planning process with business units and prioritize business development requirements to completion
Well Managed Business and Cost Optimization
Oversight and Cost management of annual budget
Ensure alignment with broader FMO objectives around cost optimization through:1) Intelligent use of location strategy (leveraging on the FM MO Centre of Excellence in India and Malaysia)

2) Definition of Change levers to enable strategic cost transformation (Automation, replatforming, outsourcing etc

Monitor Profit and Loss (P&L), expense managements, budget, and planning

Business

Establish a governance model to ensure key milestones are delivered within budget and agreed timelines
Coordinate and lead the budget and spending review for the global team

This requires:

Ability to monitor and coordinate hiring of new FTEs and backfills across the global team
Monitor operating expenses and ensure adherence with department targets
Monitor and validate benefits realization linked to right shoring initiatives and investment spent

Risk Management

Business Insight and MIS:
Lead the design and implementation of core KPI and KRI for the Global FM MO team
Lead the design and implementation of core STP data across regions and products
Adherence to Ops Risk Framework standards of implementation and process management:
Lead and Support the continuous review of procedures and booking model
Lead and Support the continuous management of process taxonomy and service catalogue
Lead and support yearly completion of RCSA (Risk and Control Self-Assessment

Governance **
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.
12+ years of banking and financial markets experience
Deep understanding of Financial Markets business