Analyst, Settlements Officer

Job Description

*About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.To us, good performance is about much more than turning a profit. Its about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.Were committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.The Role ResponsibilitiesSettlement

• Responsible for the accurate receipt and delivery of securities ensuring the interest of clients and of the bank are fully protected.
• To service Securities Services clients and act as the key operational liaison and contact point for the handling and resolution of clients enquirys/issues related to settlement operations.
• Ensure operational efficiency by continuously meeting or exceeding agreed clients service standards.
• Ensure adherence to laid down control procedures to record, check and verify all shares received/delivered and payments made/received on behalf of clients are in good order and in accordance to clients instruction
• Ensure correctness of daily transaction posted to the EBBS system. Examine voucher to ensure they are properly prepared and approved in accordance with the banks policy and procedures.
• Responsible for the EOD activities in SeCCURE, eBBS, eCS ensuring that all necessary reconciliations required as stipulated in the operating procedures are performed.
• Ensures that all documents required for BSRD purposes are complete and coordinates with counterparty/custodian banks on any missing items.
• Assists in the pre-matching activities, specifically, during high volumes and critical times to be able to meet settlement cut off time.
• Interact with Operations Manager for operational and service review, and issue escalation

FX & Funding

• Responsible for the complete and accurate preparation of FX Indication Report and timely submission to FM/FMO without compromising the controls required in BSRD reporting; e.g. seeking confirmation from BSRD team on the availability of documents.
• Ensures availability of funds prior to the execution of trade instructions and coordinates with clients and counterparties; e.g. brokers and custodian banks as regards to the funding source.
• Prepares the cheques received from brokers and ensure that these are process for deposit before clearing cut off time.
• Manages compliance on SSO Earmarking Policy and ensures that funds are blocked in clients eBBS accounts and earmarked against applicable credit line and limit is sufficient, otherwise, approval is sought from the proper Credit Officer on any excess or requiring one-off approval.
• To ensure that liquidity reports are submitted accurately and within the timeline acceptable by the Asset & Liability Management (ALM)
• To service Securities Services clients and act as the key operational liaison and contact point for the handling and resolution of all the clients enquirys/issues related to settlements FX & Funding requirements.
• Ensure correctness of daily transaction posted in the EBBS system. Examine voucher to ensure they are properly prepared and approved in accordance with the departments delegated authority.
• Ensures requisite clients reports are timely and accurately prepared and in accordance with the agreed mode/channel of submission and Service Level Agreement.
• Ensures timely and accurate submission of regulatory reports; i.e. GLFX, CTR to avoid any potential regulatory penalty or audit comments.

Reporting

• Manage and avoid risks to clients, Bank/Group by ensuring prompt and accurate reporting to clients/management, timely rectification and/or monitoring of any discrepancies including shares/settlement rejection/failing/cancellation.
• Ensure essential reports are properly completed.

General Responsibilities

• Performs backup/relief functions as defined in Operations Backup/Relief Plan.
• Ensures all activities defined in the Critical Task Checklist approved by the Unit Head are completed and any exception is escalated on a timely manner.
• Participates in projects assigned and initiatives designed to improve the quality of systems and operations
• Participates in developing automation programs to improve workflow and reduce cost.
• Assists in ensuring that practices within the unit comply with risk and compliance procedures and processes, local statutes and regulatory requirements.
• Extends direct support in achieving satisfactory or higher audit rating from external, internal auditors and regulatory bodies.
• Adheres to Securities Services and Trust Policies and Procedures.
• Responsible for reporting breaches to immediate supervisors or compliance officers if required or by circumstance, report the breach to their immediate supervisor.
• Participates, contributes and assists in the following activities: enhancement of existing procedurs relating to manual and automated working environment; implementation of improved ways initiated by the unit; bankside projects such as norms and values formation, community development, charity work etc., planning sessions to achieve overall efficiency and direction for the entire department.
• Performs other duties as may be directed from time to time which will not compromise segregation of duties.
• Plan and direct training for immediate reports to ensure operational efficiency, to assist them in their career paths and open opportunities.
• Instil discipline in the place of work and boost morale of the staff to maximize their productivity.
• Assists in ensuring that practices within the unit comply with risk and compliance procedures and processes, local statutes, and regulatory requirements.

Anti- Money Laundering Prevention

• Ensures that appropriate local procedures and internal controls that interpret the Group Policy and Standards and the local law and regulations of Money Laundering prevention are documented, implemented, maintained and monitored.

Business Continuity Plans

• Contribute to the effectiveness of the departments BCP, actively participate in the BCP testing, providing timely feedback on BCP matters, make themselves available during contingency situations. Should be fully conversant and knowledgeable of the most updated BCP and keeps a copy of the departments call tree readily accessible at his/her place of residence.

Health and Safety, Code of Conduct, Diversity and Inclusion

• Ensures compliance with Banks Policy including but not limited to Group and Local Code of Conduct, Health and Safety, Diversity and Inclusion and escalation to management any policy breaches for appropriate decision/handling.

Compliance

• Responsible for complying with all local laws, regulations and Group Compliance Standards and for reporting breaches to their immediate head or Compliance Officers if they cannot, by circumstances, report the breach to the immediate head.

Our Ideal Candidate

• A thorough knowledge of banking procedures/routines, especially those related to Securities Services
• Experience of Branch operations/accounts/budgetary expansion
• Energy and patience
• Willingness to adapt, to delegate, to motivate and to work through others in pursuit of objectives
• Knowledge of how global Securities Services operates
• Have a fair knowledge of the operations and rules of the local securities industry.
• Have the ability to work efficiently in a high-pressure environment due to tight deadlines and increasing trades.
• Have analytical mind and exercise mature judgement.
• Be computer literate.
• Possess good oral and written communication skills.

Apply now to join the Bank for those with big career ambitions.To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.,

Keyskills :
code of conductgroup policycharity workservice levelinternal controlscorporate liaisonaustralian equitiescompliance officersworking environmentcommunity development