• Senior Officer Jobs in Chennai,India - 23794924

  • Standard Chartered Bank Ltd
  • Save Job
  • 5 - 8 Years
  • Posted : above 1 month

Job Description:

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

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

Handle transactions in exceptional cases with the reporting officers approval


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 Collections team, 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


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


CPCs & CSG as applicable

Other Responsibilities

Compliance with 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 the AVP/Senior manager/manager/Assistant Manager

Performance of Team (in terms of volume/value/accuracy/timeliness)

Suitable analysis of performance & utilization thereof for generating adequate MIS for appropriate forums

Service quality

Knowledge of various products and services offered

Audit preparedness

Contribution to Product &/or Process Development

Contribution to improved Technological support

Training (suggest/conduct)

Cost Control (idea/implementation)


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

Efficient functioning of the Unit

Effectively reducing the error rate & Adherence to the service standards

Adhering to risk and regulations

Changed requirements of GBS

Effective Cost Control of the Team Unit as a whole and aim for reduction on an ongoing basis

Readiness for Audits External/Internal

Operational authority

As per delegation of authorities (DOA) given to the staff

Suggest appropriate process changes to AVP/Senior manager/manager/Assistant Manager which will help improve the quality of service provided to the customers

Authority to process transactions involving back valuation/forward valuation and reversal of entries

Key Measures

Focus and Discipline

Build performance culture

Customer Focussed

Living our values

Assist in sampling for preparation of KCS/ KCSA


Leadership Competencies

Leadership Level

Spot Opportunities

Individual Contributor

Solve Problems

Individual Contributor

Take the Lead

Individual Contributor

Build Resilience

Individual Contributor


Individual Contributor


Individual Contributor

Deliver Sustainably

Individual Contributor

Achieve Results

Individual Contributor

Technical Competencies

Target Proficiency Level

Manage Conduct


Manage Risk


Manage People


TT processing (ITT/OTT)


Knowledge on SWIFT



More than 5 years of relevant work experience

Good knowledge of ITT/OTT/STS products

Good knowledge and communication skills

Knowledge of local and international payments methods and settlement arrangements A good understanding of SWIFT and local payment systems

Knowledge of foreign exchange, and relevant banking regulations

Should have knowledge of the systems used

Should be fully aware of associated Operational Risks

Good interpersonal skills Ability to maintain good relationship within the unit and external contacts

Reports Directly to Associate Manager/Manager/Senior Manager, 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 : 11th Apr 2020

Key Skills:

People who search this job also searched for the following Keywords


All rights reserved © 2018 Wisdom IT Services India Pvt. Ltd DMCA.com Protection Status