Manager, FXMM & Derivatives Post Settlement

Standard Chartered; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

A leading international bank in Kuala Lumpur is seeking a qualified candidate to manage FX and OTC Derivatives payments processes globally. The role requires strong experience in banking operations, particularly with FX and Derivative products. Ideal candidates will possess excellent communication skills and a Bachelor’s degree. Join a diverse environment that fosters career growth and offers competitive benefits, including flexible working arrangements and wellbeing support.

Benefits

Competitive salary

Flexible working options

Annual leave plus maternity leave

Wellbeing support resources

Continuous learning opportunities

Inclusive work environment

Qualifications

• Minimum 8 years of banking experience, at least 2 years in a relevant role.
• Experience in Operations, especially FX and Derivative products.
• Good verbal and written communication skills.

Responsibilities

• Manage the FXMM and OTC Derivatives - Cash products payments process.
• Engage with stakeholders including the front office and external clients.
• Ensure compliance with risk management frameworks.

Skills

Banking Industry Knowledge

Problem-solving Skills

Communication Skills

Quantitative/Analytical Skills

Team Player

Flexibility

Education

Bachelor’s Degree or equivalent

Tools

MS Office

SWIFT formats knowledge

Job description

Overview

Job Summary: Manage the FXMM and OTC Derivatives - Cash products payments process globally for Financial Market Operations. Build and develop talent pipeline and ensure processes and policies to identify talent, develop careers and plan succession. Contribute to the design of settlement systems, booking model and processes to promote efficiency and scalability without compromising service quality. Stakeholder engagement with the front office, external clients, senior managers, and support partners. Stay informed on market developments and their impact on production processes. Deliver technology solutions that benefit the business and assess longevity and suitability. Support the Global Head of Settlement to enhance risk management frameworks and foster a culture of zero losses and continuous improvement.

Key Responsibilities

• Strategy – Involvement in process/project initiatives, automation, and process improvement.
• Business – Good understanding of the Banking & Financial Industry.
• Processes – Exceptional problem-solving skills; strong organization and communication skills; ability to learn quickly and execute accurately; strong quantitative/analytical skills; ability to manage multiple project deadlines; ability to work in different shifts and under pressure; self-starter with effective problem-solving skills; comprehensive knowledge of global markets operations and products; sound knowledge of banking, accounting, FXMM operations, SWIFT, reconciliation and ISDA-related processes; hands-on experience with TLM and Murex; risk awareness and RCA preparation; ability to manage the team per Departmental Operating Instructions Manual and KCS within timeliness and accuracy standards; establish escalation reporting procedures; continuous productivity improvement; compliance with applicable rules, regulations and policies; adherence to anti-money laundering policies; ensure cross-rotation to provide flexibility; team player and ability to work in shifts.
• Risk Management – 100% compliance with the group’s risk management framework; comply with applicable rules/regulations and AML policies; timely escalations and resolutions on confirmations and related issues as per policy.
• Governance – Comply with group standards, policies, procedures and values; adhere to Group Code of Conduct; in case of regulatory breaches, inform senior management and remediate swiftly.

The Ideal Candidate

• Bachelor’s Degree or equivalent
• Minimum 8 years of banking experience, at least 2 years in a relevant role
• Experience in Operations, especially FX and Derivative products
• Understanding of SWIFT formats (MT 300, 320, 202COV, 202, 103, 199, 299, 191, 190, 940, 950, 900, 910, 292, 192) and data interpretation
• Knowledge of Nostro, correspondent banking and cash reconciliation
• Understanding of sundry and suspense and internal GL reconciliation
• Knowledge of confirmation and settlement processes
• Good verbal and written communication skills
• Proficiency in MS Office (Word, Excel, PowerPoint)

About Standard Chartered

We are an international bank, nimble enough to act, big enough for impact. For more than 170 years, we have worked to make a positive difference for clients, communities, and each other. We value diversity, inclusion, and have a culture that welcomes unique talents.

What we offer

• In line with our Fair Pay Charter, a competitive salary and benefits to support wellbeing.
• Core banking benefits for retirement savings, medical and life insurance, with flexible options where available.
• Time-off including annual leave, parental/maternity leave (20 weeks), sabbatical (12 months max) and volunteering days, with global holiday standards (minimum 30 days).
• Flexible working options based on location and needs.
• Wellbeing support through Unmind, resilience courses, global EAP, sick leave and mental health resources.
• Continuous learning culture with opportunities to reskill and upskill through various learning formats.
• Inclusive, values-driven environment that celebrates diversity and supports career growth.