Manager, MFA

Standard Chartered India

Maharashtra

On-site

INR 850,000 - 1,250,000

Full time

5 days ago

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Benefits offered by this job

Competitive salary

Flexible working

Wellbeing support

Learning opportunities

Job summary

Standard Chartered in India seeks an experienced Onboarding & KYC specialist to drive account opening, KYC, CKYC, and documentation reviews with regulators and clients. You will lead process improvements, coordinate with implementation teams, and ensure timely, accurate data updates while adhering to service standards.

You will also mentor a team, manage risk controls, and collaborate with product and servicing units to support IB/treasury functions.

Qualifications

Product Experience LAP, BIL, PL and LAS.
Distribution.
Relationship Management.
Digital Knowledge.
Customer Management.
Strong Communication Skills.
Effective People Skills.

Responsibilities

Institutionalise the Account opening, KYC and maintenance process for implementation and servicing teams and clients.
Participate in local product development and sales initiatives related to FPI KYC and account opening.
Participate in the bank’s A3 initiative and deliver/implement it.
Manage operational relationship for interface with implementation and servicing teams.
Serve as focal point with regulators and clients on account opening and KYC related processes.
Facilitate smooth, error-free account opening and maintenance.
Review account opening, closure and related documents and provide review comments.
Monitor outstanding documents and follow up with teams for completion.
Regulatory monitor and maintain Service Standards.
Liaise with Regulator, KRA, Depositary, Exchange as required.
Ensure timely and accurate KYC/CKYC data updation.
Ensure activities completed within agreed TAT and service standards.
Ensure scanning and vaulting of client documents timely and accurate.
Be an efficient backup for Static Data operations.
Help build work-life balance for self and team.
Motivate team towards better performance.
Encourage collaborative and supportive working environment.
Determine training needs and initiate internal training sessions.
Give regular feedback to team members.
Develop a career road map for staff to keep engagement levels high.
Support Head, Securities Services in planning and controlling staffing and training needs.
Keep teams updated on regulatory changes in FPI KYC and account-opening procedures.
Undertake periodic self-assessment on key controls to assess adequacy of existing controls.
Ensure awareness of procedures and policies impacting Account opening & KYC.
Instil alertness for suspicious transactions and escalate to LM.
Ensure timely completion of mandatory e-learnings.
Comply with applicable MLPA guidelines.
Display exemplary conduct and live by Group Values and Code of Conduct.
Take personal responsibility for embedding ethics and compliance across Standard Chartered Bank.

Skills

Product Experience LAP, BIL, PL andLAS

Distribution

Relationship Management

Digital Knowledge

Customer Management

Strong Communication Skills

Effective People Skills

Education

Graduate / Post Graduate Degree

Job description

Job Summary

To perform all activities relating to Client Onboarding in a smooth, effective and timely manner including KYC, CKYC and documentation scanning and vaulting. To perform applicable Documentation Review activities as per agreed / regulatory requirements. To manage Regulatory, Depositary & Internal inspections and ensure NIL findings in report.

Job Summary

Key Responsibilities

Strategy

To institutionalise the Account opening, KYC and maintenance process so that is well defined for the implementation and servicing teams, as well as clients.
To participate in the local product development and sales initiatives related to FPI KYC and account opening perspective.
To participate in the bank’s A3 initiative and deliver / implement the same.

Business

To manage the operational relationship for interface with implementation and servicing teams.
To serve as a focal point of contact with implementation and servicing teams, and regulators and clients, with regard to account opening and KYC related processes.

Processes

To facilitate the process of account opening and maintenance to be smooth, error free and timely.
To facilitate the review of account opening, closure and other miscellaneous related documents and revert to respective stakeholder with review comments.
To monitor the outstanding documents and follow up with Implementation/Client Servicing team for completion.
To Regulatory monitor and maintain Service Standards.
To liaise Regulator, KRA, Depositary, Exchange whenever required
To ensure timely and accurate updation of KYC and CKYC data.
To ensure that activities are completed within agreed TAT and service standards.
To ensure timely and accurate completion of scanning and vaulting of client documents.
To be an efficient back up for Static Data operations.

People & Talent

To help build a good work life balance for self and team.
To constantly motivate team towards better performance.
To encourage and foster a collaborative and supportive working environment.
To determine training needs of team members and regularly initiate internal training sessions to meet these requirements.
To give regular feedback to team members.
To develop a career road map for staff to keep engagement levels high.
To support Head, Securities Services in planning and controlling staffing and training needs.

Risk Management

To keep implementation and servicing teams abreast in conjunction with Product of changes in regulations and market procedures, operating procedures affecting FPI KYC and account opening.
To undertake periodic self-assessment on key controls to assess the proper functioning and adequacy of existing controls.

Governance

To ensure full awareness of all procedures and policies impacting Account opening & KYC requirement.
To instil alertness for any suspicious transactions and elevate the same to LM
To ensure timely completion of all mandatory e-learnings for self.
To comply with applicable MLPA guidelines.

Regulatory & Business Conduct

To display exemplary conduct and live by the Group’s Values and Code of Conduct.
To 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.

Key stakeholders

Internal

Head of Custody and Clearing Operations
Country Legal, Compliance and FCC
Country Business Head and team
Product, Implementation and Servicing teamCountry Cobam team
Country CLM Operations team

External

Regulators (SEBI, RBI)
KRA registration agencies (NDML & CVL)
Depositories and exchanges
Peer custodians

Skills And Experience

Product Experience LAP, BIL, PL and LAS
Distribution
Relationship Management
Digital Knowledge
Customer Management
Strong Communication Skills
Effective People Skills

Qualifications

Graduate / Post Graduate Degree

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.