Fresh Jobs at Standard Chartered Bank Nigeria

Role Responsibilities 

• The role holder for providing support within Financial Markets Operations.

Strategy:

• To work closely with Manager Product Delivery FXMM and Associate, FM Ops - Product Delivery Fixed Income to ensure services delivery are of top quality.

Business:

• Ensure day to day operating compliance with all relevant local and global regulatory requirements and industry best practice

Processes:

• Serve as a maker in Depo-X for all Interbank secured Takings and Placements.
• Responsible for Country FMO document and work with respective desk officers to ensure their document are filed/stored daily for easy retrieval.
• Work with the various external Validation teams to ensure all Shape failed confirmation dispatch are promptly treated.
• Maintain the team’s register to ensure all incoming and outgoing document are well tracked.
• Responsible for obtaining the bank’s CRR statements weekly from the CBN and ensuring same is updated in TLM.
• Responsible for reconciling daily, weekly and monthly to confirm that all regulatory returns were dispatched timely as per procedure and any exception escalated.
• Collation and production of unit’s weekly update for OTI and Regional Input.

Risk Management:

• Escalate immediately seniors any situation identified not in conformity with BAU processes

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.
• Lead the FMO Nigeria to achieve the outcomes set out in the Bank’s Conduct Principles
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.

Key Stakeholders

• GBS India
• FM front office
• WMPS
• Other Operations Departments.

Other Responsibilities:

• Serve as an alternate to the Operations Assistant in charge of Fixed Income processing.

Our Ideal Candidate 

• This role would require a good Bachelor’s Degree, 1+ years of relevant experience preferably in banking Operations
• Market Knowledge: – awareness and understanding of the wider business, economic and market environment in which the firm operates. Must be conversant with various regulations that impact financial markets in the location, specifically Central Banks of Nigeria circulars relating to FXMM
• Risk Management and Control: – ability to identify risks and escalate it. Also, an awareness and understanding of the main risks facing the bank, Financial Markets and the role the individual plays in managing them.
• Proficient in PC Skills Microsoft Excel and word
• Good communication and analytical skills.

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Role Responsibilities
Strategy:

Support the Country Head of FCSO to:

• Set and implement the vision, strategy, direction and leadership for the Country, consistent with the vision and strategy for FCC and in support of the Group’s strategic direction and growth aspirations.
• Input to the design of the Country operating model, FCC Framework and relevant business processes.
• Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Country for necessary FCC controls and oversight.

Business:

• Support the implementation of the FCSO strategy by escalating appropriate FCC and AML surveillance issues and executing activities in line with guidance documents, Group requirements and regulatory expectations.
• Maintain thorough knowledge of bank products across all segments (i.e. retail, commercial, private, correspondent banking and trade) and the ability to execute end-to-end investigations across all segments.
• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCC.

Processes:

• Day to day processing of Production Orders in a timely manner within agreed TAT’s whilst maintaining Quality Control/Quality Assurance results in line with Group and local expectations.
• Support Country Head FCSO/Regional Head FCSO with any complex investigations as required.
• Ensure accuracy and veracity of management information and reports.
• Support Head FCSO/Regional Head FCSO in conducting FCC assurance tests with the aim of verifying that Transaction Monitoring, Surveillance and other FCC functions are performed in line with the group’s policy and the Departmental Operating Instructions and report on findings to Management.
• Performance of Weekly, Quarterly and Monthly controls execution.
• Responding to production order that come from regulators timely.
• To support the Head FCSO/Regional Head FCSO in coordinating GIA audit of FCC functions (AML, Sanctions, ABC) by ensuring timely provision of GIA requirements

People and Talent:

• Promote a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
• Ensure forward planning, prioritization, deadline management, streamlined workflows and efficient work practices are the norm.
• Individual accountability for Learning and Development Plans and execution.

Risk Management:

• Understand technical aspects of systems relevant to List Management, CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
• Inform Line Manager / Senior Management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
• Map risks, quantify the potential impact and escalate where necessary.
• Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
• Ensure the suitability and quality of case data maintained on enterprise case management systems.
• Partner with legal counsels for advice on technical matters.

Governance:

• Propose control improvements, enhancements, and simplifications where appropriate.
• Support all control checks undertaken by FCSO under the Operational Risk Framework (ORF).
• Collate, analyses and interpret data in reports.
• Analyze and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and support in remediation actions within the FCSO function.

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.
• Collaborate within the FCSO team to achieve the outcomes set out in the Bank’s Conduct Principles Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• Country FCC and Compliance teams
• Sanctions teams
• Direct manager and countersigning manager
• Head of FCSO

Other Responsibilities:

• Embed “Here for good” and the Group’s brand and values in the team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• Providing guidance and training to relevant value chain stakeholders (e.g. Country FCSO, New Joiners) when and as needed as directed by Country Head FCSO.
• Provide back up support to Country FCSO team colleagues as required

Our Ideal Candidate 

• Relevant qualifications such as ACAMs and FCC training academy.

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Responsibilities
Strategy:
Balance Sheet, Liquidity and Capital Management:

• Identify various types of risks in the bank’s balance sheet.
• Provide input for strategic oversight, thought leadership and quality solutions to maintain capital ratios without compromising on growth;
• Develop opportunities and strategies to add value and protect earnings taking into account interest rate outlooks.
• Understand the extent to which the balance sheet position impacts on the financial performance of the Bank in various economic and interest rate scenarios
• Actively contribute to providing leadership and direction in driving the Balance Sheet and Capital Management of the Nigeria business including the ALCO priorities;
• Provide insights, analytics and other the subject matter expertise to drive balance sheet and capital efficiency targets at the country level, in partnership with the Finance leadership team, Risk  and Group Treasury;
• Provide subject matter expertise to drive and strengthen our competitive advantage through proactive capital and liquidity management;
• Carry out a monthly analytical review of the Balance Sheet and provide insights into key drivers of performance in terms of business segments and products;
• Deliver the following Group reports within set deadlines: Budget Balance Sheet; Capital Plan; ICAAP
• Drive regulatory related reporting and deliverables in partnership with Business and Risk in relation to Capital and Liquidity;
• As a key member of the ICAAP working group, own and deliver capital inputs and provide insights for the final output document;
• Have a good knowledge and understanding of Balance Sheet components and drivers, and lead the drive to optimise these for the country.
• Work closely with the Regional/Group Performance Management and Balance Sheet teams to identify and coordinate opportunities for both BAU and Strategic objectives including rationalization of management reporting, automation opportunities, etc as well as with the Aspire teams and Finance Systems with regards to infrastructure and process.
• Prepare reports and findings, including financial information to assist Ho BS&PM in ALCOs decision making and maintain oversight on production of ALCO pack.
• Monitor the strategic balance sheet measures to ensure adherence to approved limits.
• Assist where required in working groups appointed by ALCO to address strategic issues that impact Balance Sheet, Liquidity and Capital.
• Assist where required with the annual ICAAP and other stress test exercise including SCB Nigeria related stress tests working jointly with Group Treasury.
• Assist where required with the SCB Nigeria balance sheet optimisation & capital agenda jointly with Group Treasury.
• Be in charge of the FTP framework and policy application
• Management of Quarterly Subsidiary Board Papers

Performance Management:

• Provide appropriate and reliable MIS for the development of SCB marketing strategies & business plans and monitor performance of the Segments against financial budgets / FCs.
• Analysis at various levels to improve decision making:
  • Economic / business sector
  • Credit / non-credit products
  • NIM / Volume analysis
  • Cost analysis
  • Competitive Analysis
• Address underlying profitability & risk/reward aspects, e.g. revenue streams/ income leakages/ reduction of expenses etc. through appropriate strategies such as tariff revision, periodic interest rate reviews, cost allocation rules, risk and capital charge, Basel etc.
• Ensure that the MIS delivered is reflective of existing business KPIs.
• Review monthly cost reports and commentaries prepared by the team and ensure these are circulated in a timely manner, and attend to queries arising;
• Proactively work with Business finance and GFS to deliver accurate forecasts and budgets including active involvement in the planning, review and challenge process;
• Review of P&L to provide insights into key drivers of performance in terms of business segments, products and cost lines, and track monthly variances;
• Highlight opportunities and risks for management action;
• Deliver monthly flashes within the set deadlines
• Deliver the following Group reports within set deadlines: Quarterly forecast; Annual Budget, Corporate Plan

Advisory:

• Provide recommendations on optimal balance sheet shape (deposit and capital mix, funding and asset profile, currency mix, returns, dividends)

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.
• Lead the Balance Sheet and Performance Management Team to achieve the outcomes set out in the Bank’s Conduct
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

People & Talent:

• Set appropriate tone and expectations in terms of ensuring effective financial controls.
• Serve as Secretary to ALCO and ensure all minutes are promptly circulated and action plans are tracked
• Work with the colleagues to deliver specific projects and deliverables, as determined by the Country CFO
• Develop and embed a high-performance culture with specific focus on capability, effectiveness and productivity

Risk Management and Control:

• Ensure adherence to structural liquidity and capital limits, authority frameworks and related minimum control standards and mitigants to ensure risk exposures material to the country remain within risk tolerance and risk appetite.
• Identifying pressure points and potential emerging challenges related to structural liquidity and capital limits in country balance sheets.
• Seek appropriate assurance that structural liquidity and capital policies and other control requirements are effectively implemented and monitor ongoing policy compliance.
• Ensure robust process controls are in place in line with the operational risk framework

Governance:
Laws and regulations:

• Have and maintain good understanding of applicable laws and regulations pertaining to liquidity, capital, recovery and resolution planning and ensure appropriate controls to remain compliant with them.
• Delivering the Group capital and liquidity agenda
• Have and maintain good understanding of structural liquidity and capital policies and other control requirements.

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.
• Lead to achieve the outcomes set out in the Bank’s Conduct Principles Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.

Key Stakeholders
Internal:

• CFO - Country
• FC – Country
• Business Finance Heads – Country
• Country ALCO
• Treasury Markets
• Regional Head, Balance Sheet and Capital Management
• Africa & Middle East Office –Dubai
• Group Finance, London
• GFS Ghana and Chennai
• Group Treasury
• Group Internal Audit
• Africa Finance Systems.

External:

• Auditors
• Central Bank of Nigeria.

Other Responsibilities:

• This is a key role as a finance partner to senior country leaders. Superior level of judgment is required - in identifying risk and opportunities on Capital and Liquidity Management and making recommendations and providing effective solutions and advice to ALCO;
• Providing in depth analysis and insights to drive the Capital and Liquidity Management agenda and take it to the next level; providing insights into the business performance, risks and opportunities to drive business decisions.

Qualifications
Training, Licenses, Memberships and Certifications:

• First Degree (B.Sc) in Accounting, Finance, Economics or similar degree
• Desirable - Professional certifications in Accounting, Professional Memberships in ICAN, ACCA
• Understanding of International Financial Reporting Standards (IFRS) and its impact of the bank’s financial reporting.
• Good working knowledge of the Group Accounting practice and Local Regulatory requirements supplemented by all round Banking experience.
• Candidates should have a proven track record of presenting and interacting at the senior management level hence possess exceptional verbal and written communication, presentation, facilitation and interpersonal skills with an ability to relate at all levels;
• Prior experience should demonstrate both the analytical and strategic abilities experience;
• Prior experience in implementing a Basel regulatory and capital management framework will be an added advantage;
• Management and leadership skills in a dynamic and high expectation environment with an ability to work under pressure and deliver under tight deadlines;
• A team player and independent worker with ability to delegate to get the most out of the team;
• Cross team collaboration and leadership experience skills - proactive engagement with various units across different geographies
• Strong Microsoft Excel, SQL and PowerPoint knowledge

Languages:

• English

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The Role Responsibilities
Settlement & Payments:

• Direction and control of all service delivery in relation to Securities Services Settlement in the country
• To plan, direct, and control the effective and efficient
• Settlement of equities
• Registration of shares
• Custody management
• Facilitate transaction for Inward and outward payment instructions to be sent to CMO
• Assist the Client Service Manager in providing quality responses to client queries on settlement promptly
• Be cost-effective
• Optimize utilization of resources
• Broker’s Management
• Local cash processing
• To assist the settlement Manager on the day to day Settlement and Payment operations.
• Ensuring clients’ interest are fully protected and delivering value added services to clients in accordance to established procedures, regulations & laws and also Group business need.
• To ensure all broker commissions are paid timely
• Manage Broker relationships towards ensuring that all clients instructions are executed in a timely manner
• To manage service delivery in accordance with the business plan and in close liaison with sales and product partners.

Message Control:

• To ensure there are no messages stuck in repair queue daily
• To ensure that all required messages are sent at EOD and sign off evidence on the message control register
• Escalate all instructions that cannot be treated
• Prompt feedback to client on the status of their trade
• Daily review and download of position on CSCS
• Reporting: Keep the Manager Exchange control, Head of Securities Services Operations, CIO and UORM advised of financial and any extraordinary developments.  Ensure essential returns/reports are properly completed

Security Management:

• Direct and review inspection/internal control reports and seek loss avoidance, with due regard to the costs and risk control procedures.  
• Co-ordinate and communicate all matters relating to the development and management of security, ensure that effective business continuity plans and emergency management procedures exist, and to certify adequate protection of staff, assets and property.  
• In the event of necessity investigate fraud, loss and other irregularities.
• Take measures to prevent drug money laundering, computer and communications security as per guidelines

Compliance:

• In conjunction with Country Compliance Officers, Head of SS operations and Chief Information Officer, Nigeria ensure, without fail, that unit is in compliance with the Bank's rules and local laws

Quality Service:

• To ensure the highest levels of Customer Service and proactively seek improvements to meet customer needs and requirements and where opportunities arise to exceed them.

Risk Management:

• Manages and directs Operational Risk Management and Controls for the Custody service to ensure that the unit achieves a minimum audit rating of 2 or better.

Reporting:

• Ensure Timeliness, Responsiveness, accuracy and be Pro-active in handling transaction processing

Competitor Benchmarking:

• To benchmark customer service with the market (which includes all appropriate service providers in the service industry) and competitor pricing in the custody business and determine ways of achieving leadership

Fraud and Money Laundering Risk:

• To ensure awareness amongst staff, adherence and implementation of the group aml standards and country e cdd policies
• The ability to quickly assess a situation and decide on an appropriate course of action
• The ability to implement that decision in a pressurized work environment compounds the level of complexity and in terms of providing this support areas covered include policies, procedures and processes in relation to DRP/ BCP/ BIA/ KRI and KCSA

Employees and Agents:

• Support local office to ensure implementation of local HR policies, including appointment, career planning and development of staff and succession planning in the area under responsibility.

Audit and Investigations:

• Ensure that appropriate remedial action is taken in response to audit findings

Projects and Additional Tasks:

• Any projects or additional tasks assigned by HOSS, Nigeria

Key Stakeholders
Internal:

• Head of Securities Services Operations
• Head of Financial Markets Operations
• Head of Cash Management
• Head of Legal
• Service Management
• Group Product Managers
• Group Network Services Managers
• IS Project Manager
• Audit Manager
• Global Market
• Global Markets Operations – Hub
• Client Journey Line Managers
• Risk & Control
• Country Finance
• Corporate and Financial Institutions

External:

• Central Bank of Nigeria
• Local Banks and Financial Institutions
• External Auditors
• Securities and Exchange Commission
• CSCS
• FMDQ

Our Ideal Candidate

• Bachelor's Degree with at least 2 yeasr experience in securities services operations.
• Knowledge of all SSO related applications
• Sound knowledge of risk control and reporting
• In-depth key knowledge of SSO products and local market practices.
• Sound analytical and business process knowledge
• Good communication and interpersonal skills
• Generally independent, but subject to limitations as per job description and restricted to group and local policies and procedures.
• Ability to work within a multi-function, multi-discipline team environment with strong influencing and stakeholder management skills

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Job Purpose

• Product Delivery: Responsible for end-to-end deal processing, settlements, confirmation, and record keeping of all FI deals.
• Nostros reconciliation: To provide assistance and clarity required to reconcile and investigate all FI related items in Nostro to the investigation and reconciliation teams in Chennai (FI Control Chennai and MOC Chennai)
• Ensure that all security balances in use by the FI & ALM trading book balances daily with CBN records in Depo-x as per the custody reconciliation shared by GBS.
• In carrying out the above, the standards as defined in the CA, KCS, DOI and regulatory notices must be maintained at all times.

Key Responsibilities

• Implement processes and procedures in accordance with approved operations strategy, best practice models and preferred system solutions as appropriate to the FI business.
• New system testing and verification and determining appropriate action to be taken in new or unusual circumstances.
• Ensure that all securities used by the FI book are reconciled daily and no FI related item is outstanding in Nostros get over aged. And that all breaks raised by MOC Chennai on the security reconciliation as it affects FMO is resolved with the investigation team on timely.
• Maintain required standards of customer service quality, efficiency and productivity; and where necessary, analyse, review and develop methods of working to improve efficiency and reduce TAT.
• Ensure compliance with all relevant laws & regulations, and that documented procedures are up-to-date at all times.
• Investigate and promptly resolve (or escalate) any irregularities, and as first point of response to audit and regulatory queries on Fixed Income transactions
• Ensure that all required analysis, statistics, and returns are completed accurately and on a timely basis.
• Keep the Head of FMO informed of personal achievements and alert him/her immediately to situations requiring escalation.
• Manage relationships between the FMO, the FO, GBS and internal customers to ensure excellent interfaces between sales, trading and operations.
• Ensure all FI Deals are booked in OPICS before settlement
• Contribute to and implement detailed testing of disaster recovery contingency plans as it relates to Fixed Income trades
• Review O/S confirmation relating to FI in the failed Shape dispatch list sent by EV team GBS to ensure proper resolution.
• Ensure timely settlement of all FI deals.
• Render timely all regulatory reports required on FI business to business and stakeholder.
• Advise hub of FI failed trade daily and ensure daily settlement status is circulated to FO under maker/checker
• Ensure CBN Bids/auction are completed timely and accurately
• Keep records of pledged security & bills held in custody for customer.
• Ensure daily unsettled trades are advised daily to FMDQ
• Ensure proper settlement of all EUROBOND trades by liaising with SSOPs
• Ensure all Treasury Bills maturity are treated promptly and also all Coupon entries are corrected posted on due date.

KYC:

• Ensure you remain alert to the risk of money laundering and assist in the Bank efforts in combating it by adhering to the key principles in relation to: Identifying your customer, knowing your customer, reporting suspicions, safeguarding records, and not disclosing suspicions to customers.

CRM / AML:

• Ensure/assist team in creation and maintenance of a compliance culture, undertake compliance monitoring, generate timely and accurate compliance reports if required, proactively advise Country Compliance on compliance issues, and updates new matrices as communicated by the BCC.

Others:

• Manage customer complaints for the team
• Track to ensure all query received within FMO are responded to timely by the respective desk officer
• Be aware of and comply with Group Policy, Local Laws and Regulations relating to the prevention of Money Laundering and Terrorist Financing.
• To provide operational excellence and project management support for the Head of Financial Markets, Nigeria as well as the Regional COO team. This includes the implementation and ongoing maintenance of the Operational Risk Framework (ORF), governance and conduct.
• Assistance is also provided to Treasury-Markets and CMPS as per the Memorandum of Understanding signed between the business units.

Business:

• Promote awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role
• Assist in the delivery of the management agenda – drive initiatives designed to improve financial performance, operational efficiency, and risk
• Represent the business when interacting with the support functions.
• Support the business in advisory capacity for business initiatives and requests’
• Recommend and drive continuous improvements in the business, i.e. identify and executing ad-hoc improvements to business processes, policies, structure, and roles.

People and Talent:

• Responsible for driving appropriate culture and values within the team. Setting appropriate tone and expectations for the team, work in collaboration with risk and control partners across all functions

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, escalate, mitigate and resolve risk, conduct and compliance matters.
• [CBN, FMDQ prescribed responsibilities and Rationale for allocation].

Our Ideal Candidate 

• Bachelor's Degree with at least 5 years experience in treasury operations.
• Knowledge of all FMO related applications
• Sound knowledge of risk control and reporting
• In-depth key knowledge of FMO products and local market practices.
• Sound analytical and business process knowledge
• Good communication and interpersonal skills
• Managerial skills
• Generally independent, but subject to limitations as per job description and restricted to group and local policies and procedures.
• Ability to work within a multi-function, multi-discipline team environment with strong influencing and stakeholder management skills.

Key Stakeholders:
Internal:

• Dealers
• Global Markets Operations – Hub
• Wealth Management Operations – Hub
• Client Journey Line Managers
• Risk & Control
• Country Finance
• Corporate and Financial Institutions

External:

• Central Bank of Nigeria
• Local Banks and Financial Institutions
• External Auditors
• Debt Management Office
• Securities and Exchange Commission
• CSCS
• FMDQ.