• Associate Manage Jobs in Chennai,India

  • Standard Chartered Bank Ltd
  • Save Job
  • 5 - 7 Years
  • Posted : above 1 month

Job Description:

To help in the functioning of the other teams in Payments as and when requested by Head Payments

To assist UORM in developing and updating of procedures, controls and monitoring plans for Operational Risk Management

To report units OR issues and losses to UORM

To adhere to the agreed KCSA plans and approach

To identify and report all exceptions on non compliance with standard controls

To identify and report all weaknesses inherent in the standard controls

To maintain proper record keeping on all KCSA related activities

To maintain independence in the conduct of KCSA ie not selecting and reviewing sample of self-performed transactions

People and Talent

Effectively train the team members which would result to no impact to the Business and customers

To develop team members for higher value added activities and additional responsibilities

Risk Management

Responsible for the Audit and Risk Control Standards associated with OTT/STS

Work with the Manager and UORM to develop, design and implement control measures and monitoring plans for compliance and operational risk management

Reconciliation for all the products / process must be completed on the same day with no exceptions

Ensure that the System IDs are not shared and maintain secrecy of passwords

Delegation of Authority (DOA) must be adhered to without any deviations

Assist the unit in carrying out the BCP tests successfully

Unit must be in audit preparedness / ready at any point of time

Assist in the Process risk review for the unit by identifying the risk areas, compensating controls to be implemented and followed

AML procedure to be complied with and all reporting as per Group requirement must be done within the agreed time frame

To appropriately act, within the framework of operational guidelines and functional parameters laid down

Should always escalate any issue to Superiors &/or Immediate Superior(s) if found beyond authority or critical in terms of complexity &/or reaching stalemate

Should alert Management team of any potential loss / claim in time to formulate remedial / corrective actions

Authority to set up the static data and structures set up in the S2BL as per the delegated authority

Promptly reply to queries raised by keeping the Line Manager fully informed

Handle transactions in exceptional cases with the reporting officers approval

Governance

No overdue KCSA

Non compliance and control weaknesses inherent in the selected samples are detected and duly reported

No unsatisfactory compliance reviews and audits on the conduct of KCSA and record keeping Maintaining robust controls and monitoring

Regulatory & Business Conduct

Display exemplary conduct and live by the Groups 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 team within CMO to achieve the outcomes set out in the Banks 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

Key Stakeholders

Internal

Other functional Officers within SCB Group

Managers / Officers of Credit Operations, Accounting Services, ISOC, Trade Services, HRSSC, GMC, Cards, Custody, GMO, R&I under Shared Service Centre for Operational issues

BCM office for BCP and Risk

QA team for internal quality audit

Product Engineering / Technology / PSS teams

External

CPCs & CSG as applicable

Other Responsibilities

Processing and Decision making as per the Departmental Operating Instructions manual and within the Timeliness and accuracy standards specified

Continuous Improvement in Productivity to the standards prescribed for the Processes from time to time

Upholding the Values of the Group and Company at all times

Compliance with all applicable Rules/ Regulations and Company and Group Policies

Comply with Group Money Laundering Prevention Policy and Procedures to the extent applicable and reporting all suspicious Transactions to Immediate Supervisors

Key Measures

Focus and Discipline

Build performance culture

Customer Focussed

Living our values

No overdue KCSA and CRM

Non compliance and control weaknesses inherent in the selected samples are detected and duly reported

No unsatisfactory compliance reviews and audits on the conduct of KCSA and record Keeping

Maintaining robust controls and monitoring

Complexity/Judgement

To appropriately act, within the framework of operational guidelines and functional parameters laid down

Should always escalate any issue to Superiors &/or Immediate Superior(s) if found beyond authority or critical in terms of complexity &/or reaching stalemate

Should alert Management team of any potential loss/claim in time to formulate remedial/corrective actions

Freedom of decision making

Authority to approve Inward/Outward telegraphic transfers, and any other transaction as per delegated limit

Decision making on irregular cases arising out of day to day operations

Exercise job allocation, prioritization and resource utilization

COMPETENCIES

Leadership Competencies

Leadership Level

Spot Opportunities

Line Manager

Solve Problems

Line Manager

Take the Lead

Line Manager

Build Resilience

Line Manager

Collaborate

Line Manager

Communicate

Line Manager

Deliver Sustainably

Line Manager

Achieve Results

Line Manager

Technical Competencies

Target Proficiency Level

Manage Conduct

Advanced

Manage Risk

Advanced

Manage People

Advanced

TT processing (ITT/OTT/BT)

Expert

Knowledge in SWIFT

Expert

QUALIFICATIONS

Minimum 5 to 7 years of relevant work experience

Strong Managerial and Interpersonal skills and leadership qualities with an ability to supervise teams

A sound knowledge of local and international payments methods and settlement arrangements A thorough understanding of SWIFT and local payment systems

Sound Knowledge of foreign exchange, and relevant banking regulations

In depth knowledge of local and international payments systems and settlement arrangements

Good knowledge of the business practice and standards of the overseas group offices and correspondents

Should have knowledge of the system used

Should be fully aware of associated Operational Risks

Reports Directly to Manager/Senior manager/AVP, Cash Operations, GBS

Apply now to join the Bank for those with big career ambitions

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Banking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Cost Accounting/ ICWA
Salary : As per Industry Standards
Deadline : 18th Mar 2020

Key Skills:

Company Profile:

Company
Standard Chartered Bank Ltdarfix

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