Senior Manager, Margin Operations - Malaysia

Key Responsibilities

Strategy

• Engage with Credit, Legal, Compliance, XVA, Front office, Middle office and Margining teams to resolve margin disputes and issues concerning the accuracy of margin calls

Business

• Ensure that client queries, issues and complaints etc are handled appropriately
• Ensure tasks are carried out within policies and procedures avoiding costs due to delays, compensation claims and operational losses.
• Assist in managing new business requests globally
• Participate in business prioritization, UAT tests and post implementation verification check

Processes

• Ensure timely reconciliation of SCB’s derivative exposure (OTC & Repo) and resolve all the issues which lead to material differences.
• Ensure timely reconciliation of Initial Margin exposure and trade sensitivities in Acadiasoft / Blazer
• Continuous improvement of daily processing to increase efficiency

People & Talent

• Lead the team of analysts, senior analysts and managers to ensure key task assigned to portfolio risk and resolution team is well managed and executed.
• Perform regular 121 meetings, team meetings and team huddles
• Assisting newcomers and other teams with training around margin operations using tailored training
• Embody the company values and lead by example

Risk Management

• Meet the portfolio reconciliation requirement by EMIR, Dodd-Frank, HKMA etc.
• Challenge existing process, continuously seek to improve the processes and controls

Governance

• Facilitate process walkthrough with internal and external auditors
• Ensure policies, controls and procedures are current, relevant and maintained as per company or industry standards.
• Actively participate in BCP events such DR drill and call tree tests
• Write up DOI, R&R and SLA documents

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 the function to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
• Active participation in industry working group (ISDA forum, Acadiasoft Forum etc), understand the business impact and create business case for its implementation.
• Escalate all Non-policy issues to the right reporting chain

Key stakeholders

• Identify and raise any concerns and risks to relevant stakeholders
• Escalation to Management, Operational Risk and Credit Risk teams as appropriate and in accordance with defined procedures.
• Key stakeholders are:
• FMO Margin Ops
• FMO MT
• FMO Regulatory Operations
• FMO Securities Operations
• Technology
• FM & Regional COO
• FM Business Heads
• Credit Risk
• Finance including Product Control
• Legal & Compliance
• Operational Risk

Other Responsibilities

• Embed Here for good and Group’s brand and values in Market Operations, Margin Ops team. Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures;

Skills and Experience

• Understanding of margin and portfolio reconciliation requirements under Doff-Frank, EMIR, HKMA, MAS etc
• Expert understanding of OTC Derivative, MTM valuation, Margining, ISDA/CSA, Repo and SBL and Trade sensitivities

Qualifications

• Education - Graduation from a reputed institution
• Training - Minimum 7 years working experience in operations risk and collateral management
• Languages - English

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:

• 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
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along 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.

www.sc.com/careers