Senior Manager, Margin Operations

Standard Chartered; Bengaluru; Hybrid; INR 1,200,000 - 2,300,000; Full time

Benefits offered by this job

Retirement savings plan

Medical & life insurance

Flexible working

Wellbeing platform

Learning & development

Job summary

Standard Chartered in Bengaluru seeks an experienced Operations Risk professional to lead margin operations across OTC, Repo and ISDA/CSA. You will coordinate with Credit, Legal, Compliance and Front Office to resolve margin disputes and drive accurate margin calls.

The role requires at least seven years in operations risk and collateral management, with strong mastery of EMIR, Dodd-Frank and HKMA standards.

Qualifications

• Understanding of margin and portfolio reconciliation requirements under Dodd-Frank, EMIR, HKMA, MAS etc
• Expert understanding of OTC Derivatives, MTM valuation, Margining, ISDA/CSA, Repo and SBL and Trade sensitivities
• Graduate from a reputed institution
• Minimum 7 years working experience in operations risk and collateral management
• Languanges:English

Responsibilities

• Engage with Credit, Legal, Compliance, XVA, Front office, Middle office and Margining teams to resolve margin disputes.
• Ensure client queries, issues and complaints are handled appropriately.
• Ensure timely reconciliation of SCB’s derivative exposure (OTC & Repo) and resolve issues leading to material differences.
• Lead the team of analysts to ensure key tasks assigned to portfolio risk and resolution team are well managed and executed.
• Meet the portfolio reconciliation requirement by EMIR, Dodd-Frank, HKMA etc.
• Write up DOI, R&R and SLA documents.

Skills

Margin reconciliation

OTC derivatives

Job description

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, elevate, mitigate and resolve risk, conduct and compliance matters.
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; Multiple functions (double hats).

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

Graduatefrom a reputed institution

Minimum 7 years working experience in operations risk and collateral management

Languanges: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 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.