Career Opportunities at Standard Chartered Bank Nigeria

Location: Victoria Island, Lagos
Job ID: 569005
Job Function: Wealth Management
Regular/Temporary: Permanent
Full/Part Time: Full time
   
Job Decsription

• To ensure error free pre processing activities are performed on client orders covering entire range of WM Investment Product Suite and furnish error free orders to process hubs for further processing for clients under RC Segments in Nigeria, through continual measurement & improvement in quality check standards.
• To perform call backs to clients to ensure the clients have been taken through product features & associated risks by the frontline & escalate to management miss-selling allegations if any that may arise.
• Execution of the day-to-day client instructions for the Wealth Management product suite with quality controls to ensure timely, robust checking of transactions and maintenance of sound operational controls to meet Group, Local / regulatory and internal requirements.
• Ensuring timely booking of deals by the hub (GBS Chennai) through periodic monitoring activities and timely identification, reporting & support resolution of documentation gaps if any.
• To ensure effective delivery of products and services to Investment Services customers
• Manage risk to minimize operational losses and maintain reputation of the bank at all times

Key Roles and Responsibilities

• Be conversant with the current DOI and other policy documents guiding wealth management processes.
• Provide various monthly risk based reports to the WM Ops risk unit (Churning, call back, Error reports)
• Exercise due care and diligence in ensuring all anti-money laundering and KYC requirements are complied with.
• Review all socialisation reports from various Group audits, ensuring Nigeria is not in breach of any process policy.
• A clear understanding of the risk and compliance requirements of this role; understand and comply within the letter and spirit of all applicable laws and regulations, including those governing anti-money laundering, terrorist financing and sanctions; the Group’s policies and procedures; and the Group Code of Conduct. Effectively and collaboratively identify, escalate, mitigate and resolve risk and compliance matters.
• Ensure error free deals are processed and booked in a timely manner.
• Notify RM/branches on documentations were errors are sighted.
• Quality checks on all investment transactions in-line with the current process and policies.
• Analyze and report weekly and monthly non financial business metrics
• Assist frontline on documentation/processing challenges.
• Pre-booking call backs, 100% on FIS and mutual funds; sample based call backs on wealth builder and T-bills based on the current Callback SOP.
• Close all documentation related inquiries/queries from supporting hubs or branches.
• Frontline training to introduce new policies and reiterate on the current policies.

Qualifications and Skills

• Clear understanding of the various product features and risk.
• Understand the process/policies that govern the documentation, callbacks and sales.
• An understanding of the booking and settlement process.

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Job ID: 569127
Job Function: Retail Banking

Duties

• Responsible for cash deposit and withdrawal transactions as well as cheque deposits
• Responsible for electronic transfers (both local and international).
• Digital banking platform migration
• BVN validation
• Cheque truncation.

Operational Risk Policy:

• Ensures all Branch operation practices comply with risk and compliance procedures & processes.
• Responsible for identifying and escalating areas of risk / loss and or system inefficiencies typically NOT covered by ORP documentation to UORM and wherever possible finding solutions to the aforementioned risks.
• Ensure completion of all Leading Key Risk Indicators/ KRI’s / KCSA issues relating to the branch.
• To assist UORM in developing and updating of procedures, controls and monitoring plans for Operational Risk Management
• Act as OR Coordinator for the section
• To adhere to the agreed KCSA plans and approach
• Initiate and coordinate efforts in implementing new regulatory and internal policy requirements
• Responsible for ensuring the quality of ongoing monitoring and issue resolution
• Conduct the relevant risk training for the line staff and act as business partner to provide OR advise on new business products and initiatives.
• To identify and report all weaknesses inherent in the standard controls
• Operational Risk Monitoring
• Ensures all Branch transactions comply with internal and external policy and regulations-responsible for reviewing the following reports:

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Job ID: 569291
Location: Victoria Island, Lagos
Job Function: C & I Banking
Regular/Temporary: Permanent   
Full/Part Time: Full time

Job Description
Credit Analysis:
Timely drafting of credit analysis as directed by the relevant Team Leader.  Such analysis should be Insightful, Relevant and Succinct (see Job Purpose) and include the following, inter alia:

• Discussion of the dynamics and nature of the Client’s industry, including key risk aspects;
• Assessment of the Client’s competitive positioning within its industry;
• Discussion of management strength, experience and track record and corporate governance more broadly;
• Articulation of the Client’s strategy and an assessment of its clarity and associated execution risks;
• Assessment of funding strategy, financial policy, treasury activity (hedging, cash management) and liquidity;
• Development of a current / forward year base forecast performance expectation;
• Assessment of balance sheet strength, alongside cashflow and profitability vulnerability, via ratio analysis and/or stress testing;
• Discussion of other pertinent risk aspects, including country risk, parental and/or governmental linkage/support, relative ranking of indebtedness;
• Evaluation of risks associated with particular proposed transactions, where required;
• Completion of Group Mandate/BCA Part 1, Part 2, financial analysis/spreads, scorecards;
• Ensure use of appropriate calculator in alignment with Credit Policy for relevant approvals (e.g. Raptor, Group Aggregation Calculator);
• Complete ESRA (Environment and Social Risk Assessment) Checklist;
• For Cat 2 lines, complete Financial Markets Appropriateness and GWWR Attribute checklist;
• For Cat 2 lines, Credit Term Sheet updates based on RM/Risk/MDU feedback;
• Supporting  business on structuring deals;
• Documentation support on credit aspects and working with CRC/LDU on BCA reworks;
• Testing and Monitoring Covenants & Risk Triggers;
• EAR & ASTAR reporting/updates to credit;
• Seek pre-approval endorsements(where applicable);
• Preparing country specific regulatory check-lists (where applicable);
• Credit stress testing
• CCC Certification

Preparation of other analysis as directed by the relevant Team Leader, such as Industry specific reviews, portfolio reviews, assessments of new prospects etc.

Stakeholder Partnership:

• In respect of Clients where the role-holder is assigned as analyst:
• Proactive monitoring of key entity or industry wide events and/or developments, as well as of covenants and risk triggers where applicable
• Partnering Relationship Managers in pursuing their client strategies through proactive idea generation, support in preparing materials for client discussion and through ensuring they are always fully briefed on key risk aspects
• Partnering Risk through clear presentation of credit analysis and proposed credit grading, as well as through proactive and considered discussion of key risk aspects
• Accompanying Relationship Managers on client visits, as part of general due diligence in respect of credit analysis
• Acting as a broader point of expertise in respect of credit aspects with Product and others across SCB

Team Development:

• Support CA Team Leaders and others in the team on ad hoc projects, strategic initiatives and exercises aimed at improving or enhancing the team’s activities
• Continually strive to share key relevant knowledge and learnings with others across the team
• Provide credit specific coaching to newer or less experienced members of the team

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.
• Support the International Corporate team, Nigeria 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, escalate, mitigate and resolve risk, conduct and compliance matters.
• Adhere to local regulator Central Bank of Nigeria (CBN) prescribed responsibilities and Rationale for allocation.

Key Roles and Responsibilities
Other Responsibilities:

• Embed Here for good and Group’s brand and values in International Corporate, Nigeria Business or Functional policies and procedures.

Qualifications and Skills

• Strong analytical ability, focused on the assessment and calibration of credit risk
• Strong verbal and written communication skills (in English), with proven ability to work across cultures and within a dynamic environment
• Able to hold credible dialogue at all levels of the organisation, as well as with clients
• Sound knowledge of accounting and financial principles gained by experience or qualification
• MBA or CFA qualifications advantageous, but not required
• Relevant language skills advantageous, but not required
• Analytical strength - to spot emerging risks, in particular forward looking industry trends.
• Gravitas - to engage with Relationship Managers and Clients alike, have the ability to challenge in a constructive manner.
• Collaborative - to work in partnership with stakeholders to ‘get things done’, fulfilling the Job Purpose
• In compliance with the National Youth Service Corps (NYSC) Act of 2004, all applicants should ensure that they have completed the mandatory NYSC programme. A discharge certificate will be required as evidence of completion of the programme. Where an exemption has been granted, a certificate of exemption/exclusion will also be required.

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Job ID:569290
Location: Victoria Island, Nigeria - SCB
Job Function:Compliance
Regular/Temporary: Permanent
Full/Part Time: Full time

Job Description
Business
(Responsibilities related to the delivery of business and / or financial objectives):

• 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
(Processes for which the role is responsible under the  ORF  as 1st & 2nd line; for executing / completing, and for supervising):

• Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
• Providing governance and oversight over the implementation of FCC-related policies and procedures in [Globa/Region/Country/Business] to ensure compliance with such policies and procedures.
• Provide advice to relevant stakeholders on compliance with Group standards relating to [AML/Sanctions/ABC].

People and Talent
(Responsibilities related to people and talent matters)

Risk Management
(Responsibilities Under Risk Management  Framework - both execution and supervisory):

• Ensure the suitability and quality of case data maintained on enterprise case management systems.
• Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management [EDIT IF REQUIRED].
• Apply risk and data analytic tools/techniques to optimise and tune relevant detection scenarios, and screening and monitoring systems.
• Ensure that detection scenarios that are developed and deployed are fit-for-purpose.
• Review and assess existing system and controls relevant to FCC to ascertain  operational performance and effectiveness.
• Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
• Ensure that the relevant lists and database as used by the screening systems are up to date.
• Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
• Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
• Assess risks arising from products / segments / geographies / customers / transactions.
• Advise relevant stakeholders on outcomes of [AML/Sanctions/ABC] risks identification and assessment methodologies.
• Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
• Provide intelligence inputs to support calibration of bank’s Risk Methodologies (including aggregate client risk, product risk and country risk assessments).

Governance:

• Propose control improvements, enhancements and simplifications where appropriate.
• Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
• Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
• Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the FCC function.

Project/Change Management
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 Nigeria / Compliance / FCC 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 Roles and Responsibilities

• Embed here for good and Group’s brand and values in Nigeria / Compliance / FCC team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.