Assistant Manager, Foreign Currency Payments

Standard Chartered India; Chennai District; Hybrid; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Flexible working options

Medical insurance & retirement savings

Job summary

Standard Chartered India is seeking a Regulatory Specialist to address FEMA-related queries and guide clients on RBI guidelines from Chennai. You will review letters, annexures and documentation before submission to the bank, and support meetings with regulators to obtain regulatory viewpoints.

In this role you will develop templates and checklists for capital and current account submissions, maintain regulator relationships, and ensure compliance with the regulatory framework and group

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

• Address FEMA related queries from clients and intermediaries.
• Guide clients on RBI guidelines before submission of payment requests.
• Handle RBI queries and review customer letters, drafts and annexures.
• Enable and attend RBI meetings and representations for regulatory views.
• Organise client and internal FEMA training events.
• Assist client in completing regulatory forms and vet draft submissions.
• Maintain relationships with regulators and manage communications on regulation changes.
• Create checklists/templates for document submissions for capital and current accounts.

Skills

Regulatory knowledge

Payments documentation

Client-facing communication

Public speaking

Decision-making

Financial services ethics

Education

FEDAI certification

FEMA operations

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

Job Summary

• 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

Business

• CCIB

Processes

• Cross Border Payments

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, elevate successful, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

Internal

• Corp, Inst & Commercial. Ops. Team
• SME India Team
• Financial Markets India Team
• Cash Sales/ Products / OCC teams
• Human Resources
• Compliance
• Legal
• Relationship Managers and Client Coverage Managers
• Global Business Services Team
• Country Technology Team

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, 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,

• 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.