Senior Manager: Markets Regulatory Implementation

Standard Chartered India; Bengaluru; Hybrid; INR 3,500,000 - 5,500,000; Full time

Benefits offered by this job

Competitive salary

Flexible working options

Wellbeing support

Learning and development

Job summary

Standard Chartered Bank India is seeking a Senior Product Manager to lead regulatory implementation initiatives within the Markets department in Bengaluru. You will own the product roadmap, backlog, and collaborate with Compliance, Regulatory Implementation, and Operations to deliver value.

The role requires at least 10 years in product management, deep knowledge of financial markets regulation (MiFID, EMIR, Dodd-Frank), and experience with FM products like FX and derivatives.

Qualifications

• Minimum 10 years of Product Management experience.
• Domain knowledge of Financial Markets Regulations such as MiFID, EMIR and Dodd Frank.
• Experience of FM products like FX, Securities and Derivatives.
• Deep understanding of Financial Markets business and front-to-back operational processes.
• Proven track record of managing high performing technology squads.
• Strong industry connections and influencing skills.

Responsibilities

• Strategy: align product priorities with business goals and regulatory requirements.
• Business: drive market-wide product initiatives and ensure compliance.
• Processes: transform infrastructure to enable quality service and regulatory compliance.
• People & Talent: foster openness, risk awareness and team collaboration.
• Risk Management: ensure adherence to risk framework and regulatory policies.
• Governance: comply with group standards and conduct guidelines.

Skills

Product management

Regulatory knowledge MiFID/EMIR

Financial markets

Stakeholder management

Leadership

Education

University degree in Finance/related field

Job description

• Support the Head of Regulatory Implementation to realise business value through the creation and delivery of a product roadmap and it’s associated product backlog.
• Develop an understanding of all areas of the Group Regulatory Onboarding Standards and Procedures as a foundation for creating supportive relationships with Compliance, Regulatory Implementation, and Operations teams.
• Leading the valuation of business initiatives, requirements gathering and produce analysis artifacts to drive change initiatives: operating model, process maps and business requirements
• Support the engagement of key stakeholders across client facing divisions, Markets Middle Office, and Markets Account Opening etc.
• Providing vision and direction to the technology team and stakeholders throughout the implementation and hold the pen on solution and requirements.
• Ensure and manage a healthy backlog of process/product enhancement initiatives.
• Provide backlog management, iteration planning, and elaboration of the business initiatives and collaboration on epics and user stories
• Within sprints, assess value, develop cases, and prioritize stories, epics and themes to ensure work focuses on those with maximum value that are aligned with product/process strategy.

Job Summary

• Support the Head of Regulatory Implementation to realise business value through the creation and delivery of a product roadmap and it’s associated product backlog.
• Develop an understanding of all areas of the Group Regulatory Onboarding Standards and Procedures as a foundation for creating supportive relationships with Compliance, Regulatory Implementation, and Operations teams.
• Leading the valuation of business initiatives, requirements gathering and produce analysis artifacts to drive change initiatives: operating model, process maps and business requirements
• Support the engagement of key stakeholders across client facing divisions, Markets Middle Office, and Markets Account Opening etc.
• Providing vision and direction to the technology team and stakeholders throughout the implementation and hold the pen on solution and requirements.
• Ensure and manage a healthy backlog of process/product enhancement initiatives.
• Provide backlog management, iteration planning, and elaboration of the business initiatives and collaboration on epics and user stories
• Within sprints, assess value, develop cases, and prioritize stories, epics and themes to ensure work focuses on those with maximum value that are aligned with product/process strategy.

Key Responsibilities

Strategy

• Business alignment / Product expertise: Product specialists who understand business priorities and strategy, define optimal solutions leveraging industry leading facilities and influence behaviour through countenance.
• Connect: Build bridges across the bank to simplify current operating model, create efficiencies and identify new opportunities
• Leadership and Market presence: Own your domain and influence product evolution, define internal standards and shape future utilities through selective industry positioning.
• Risk Manager: Define the standard to effectively control the T-0 business day; understand regulations, key trends, and external incidents; voice opinions and concerns; protect the bank

Business

• Financial Markets Middle Office was set up in 2016 to deliver first class trade support, business enablement and accurate /timely trade representation to meet obligations to clients, counterparties, and regulators. We are product and process subject matter experts aligned to the Global Financial Markets business providing follow the sun support, a continuous improvement mindset and industry connectivity

Processes

• This role works within the Markets Regulatory Implementation team to support the transformation of existing infrastructure to enable quality service to our clients and achieve Markets regulatory compliance across the end-to-end client lifecycle.
• Agile experience
• Product / System design experience

People & Talent

• Help embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm
• Overall client satisfaction and meeting service expectations
• Quick turnaround for queries & priority items
• Should be a Team player- flexible

Risk Management

• Always ensure 100% compliance to the group’s risk management framework as applicable
• Compliance with all applicable Rules/ Regulations of Company and Group Policies
• Comply with Group Money Laundering Prevention Policy and Procedures to the extent applicable and report all suspicious transactions to the Unit
• Timely escalations and resolutions on confirmation outstanding etc as per Escalation policy

Governance

• Comply with all the group standards, policies, procedures, and guidelines as applicable and values of the Bank at all times
• Always adhere to Group Code of Conduct
• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and/or activities are ceased

Regulatory & Business 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.
• Lead the Markets Business and Client Solutions team 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.] *
• Effectively and collaboratively identify, amplify, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

• Business/Fo/RM/CM/Operations/Settlements/OCRM

Skills And Experience

• Minimum 10 years of Product Management experience - ideally from a top tier bank
• Domain knowledge of Financial Markets Regulations such as MiFID, EMIR and Dodd Frank.
• Experience of FM products like FX, Securities and Derivatives
• Essential & deep understanding of Financial Markets business and front to back Operational processes
• Proven track record of managing high performing technology squads. Strategic mindset & forward-thinking vision
• Strong industry connections including industry bodies, working groups and vendors.
• Influencing skills – Able to simplify complex problems / scenarios to a wide audience and gain stakeholder buy-in

Qualification

• University degree in related subject (preferably in Finance)

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.