Assistant Manager, Foreign Currency Payments

Standard Chartered; Chennai District; Hybrid; INR 900,000 - 1,100,000; Full time

Benefits offered by this job

Competitive salary

Flexible working options

Unmind wellbeing platform

Continuous learning culture

Inclusive, values-driven organisation

Job summary

Standard Chartered is seeking a regulatory compliance specialist to address FEMA and related RBI queries for capital and current account transactions. You will guide clients on regulatory forms, vet documents, and ensure adherence to global standards.

The role involves organizing client and internal trainings, maintaining regulator relationships, and contributing to templates and checklists for submission. Prior FEDAI/CAPITAL ACCOUNT experience is required.

Qualifications

• Thorough understanding of regulatory guidelines.
• Knowledge of payments documentation and terms.
• Excellent written, oral, and client-facing communication skills.
• Interpersonal and public speaking skills.
• Aptitude in decision-making and problem-solving.
• Regulatory Environment - Financial Services.

Responsibilities

• Strategy: Become the AD bank of choice for ETB and NTB clients.
• People & Talent: Not a team leader.
• Risk Management: Compliance to applicable rule and regulations around cross border payments.
• Governance: Awareness and understanding of the regulatory framework and requirements.
• Regulatory & Business Conduct: Adhere to ethics and regulatory standards across the bank.
• External stakeholders: Engage with RBI, FEDAI and statutory auditors; manage communications.

Skills

Regulatory guidelines

Payments documentation

Client communication

Interpersonal skills

Decision making

Regulatory environment - financials

Job description

Addressing pre-transaction or non-transaction related FEMA related queries from clients and intermediaries
Guiding clients on regulatory guidelines prior to submission of any actual payment request
RBI queries pertaining to special approval / adhoc cases - Guide clients on what needs to be incorporated in the customer letter, review drafts and annexures prior to submission to bank
Enabling and attending RBI meetings and representations for clients to obtain regulatory view prior to submission of the application to the Bank for approval
Organise client and internal training events on FEMA
Assisting client in filling out regulatory forms
Vetting and providing guidance on draft / physical documents prior to submission of any actual payment request
Maintaining effective relationships with regulators
Managing client communications for guidance on change in regulations
Creation of standard checklists/ templates/ ready reckoner for guidance on document submission for capital account and current account transactions

Key Responsibilities

Strategy
Become the AD bank of choice for ETB and NTB clients

People & Talent
Not a team leader

Risk Management
Compliance to applicable rule and regulations around cross border payments

Governance
Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.

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, upscale, mitigate and resolve risk, conduct and compliance matters.

External
Clients
Vendors & Suppliers of Services to the Cash Management Services
Managers in RBI, FEDAI & other regulatory institutions
Statutory/ External auditors

Skills and Experience

Thorough understanding of regulatory guidelines
Knowledge of Payments documentation and terms
Excellent written, oral, and client-facing communication skills
Interpersonal and public speaking skills
Aptitude in decision-making and problem-solving
Regulatory Environment - Financial Services

Qualifications

5-6yrs experience in handling capital account transaction including FEDAI certification
Should have experience in FEMA operations
Experience in Cash / Trade ops
Experience in vetting of FEMA documents

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 thingand 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-offincluding 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 workingoptions based around home and office locations, with flexible working patterns.
• Proactive wellbeing supportthrough 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 cultureto 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.

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