Associate, Imo Enablement - Singapore - Standard Chartered

Standard Chartered

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

beBee Recruiter

Description

Job:
Operations

Primary Location:
Asia-Singapore-Singapore

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 16/Jan/2023, 9:08:47 AM

Unposting Date:
Ongoing

The Role Responsibilities

Strategy

Enablement Standards

Supports and contribute to a consultative, collaborative, and riskbased approach towards addressing identified risk issues.
Support the development of a local culture of open and transparent engagement with auditors and regulators across IMO teams.
Enhance IMO knowledge and embedding of risk management, governance, and reporting best practices.

Business

Support regulatory and audit requests pertaining to IMO areas of responsibility.
Maintain good working relationships with the various Business Units, Finance, Risk, Technology, and Operations community.
Undertake adhoc duties and when delegated by Line Manager and Country Head of IMO.

Processes

Perform relevant credit fulfilment activities including discharge of security documentation, monitoring of collateral values, monitoring of dated credit and security documents, etc. on time and to agreed standards.
Ensure proper working of Key Control Self-Assessment (KCSA) / Control Standard Test (CST) process

- all KCSAs/CSTs must be conducted following the relevant guidelines and completed within the deadlines.

Lodge CST exceptions in EORP system; ensure relevant stakeholders and committees are informed and clear plans of action to address CSTs exceptions are in place.
Ensure CST scores are maintained within thresholds. Ensure rework is closely monitored and controlled. Conduct monthly rework forums to discuss repeat themes and arrive at corrective actions involving IMO.
Preparation of ASTAR (Account Subject to Additional Review) report.
Preparation of the Credit Issues Committee (CIC) pack, managing invites and minutes.
Daily excess and past due monitoring and reporting.
Generation of relevant reports and requirements to meet audit and regulatory requests, ensuring submissions are made on a timely basis and the integrity of information used for reporting purposes.
Generates daily, fortnightly, monthly reports as required for Senior Management.
Works with second line functions (e.g., Financial Crime Compliance Assurance teams) to manage second line reviews, queries, and escalations.
Discharge of custodial functions as per Group Standards.
Check and process lodgement / withdrawal in Collateral Management System (CMS).
Ensure CMS reports are downloaded and actioned based on the laid down process.
Maintain a record of temporary withdrawal security documentation and monitor if status of the security documentation is still outstanding for more than 6 months monthly.
Discharge of Key Holders Responsibilities as per Group Policies.
Ensure arrangement is made to change combination of the vault keys semiannually.
Ensure the rolling of vault keys within semiannual basis and ensure safe keeping of spare keys in Standard Chartered Bank Branch.
Safe keep the security documentation in Fireproof Vaults and with Cisco.
Scan securing documents in shared drive.

People and Talent

Provide effective orientation /guidance to new Joiners on the bank's policies/procedures/processes to ensure their successful assimilation into the team and the bank.
Develop and implement a personal learning plan with team manager, to attain necessary competencies.
Successfully complete milestones as laid out in implemented personal learning plan.

Risk Management

Support the development of a compliance culture, undertake compliance monitoring through the Operational Risk Framework, proactively advise management on compliance issues.
Assist in coordinating, facilitating and promoting understanding of operational risk and in implementation and management of OR within the Unit.
Ensure all activities are done in line with the laid down Departmental Operating Instructions (DOI) / Roles & Responsibilities and other procedures that are rolled out from time to time. Report any deviation (if any) to appropriate authorities and obtain proper dispensations.
Ensure all internal policies and procedures are implemented with the group policies, local legal and regularity guidelines.

Governance

Ensure that filing of security documentation / obsolete documentation / all maintenances / instructions on own portfolio are in good manner and easy to retrieve if required.
Ensure that there is effective MIS in place to monitor performance of countries include Key Risk Indicators and that these reports are analysed and actions initiated where necessary.

Regulatory & Business conduct

Display exemplary conduct and live by the Group's Valued Behaviours and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct. This includes understanding and ensuring compliance with, in letter an