Job Description
Role Responsibilities
Strategy
Background: Financial Markets Middle Office was set up in 2016 to deliver first class trade support, business enablement and accurate / timely trade representation to meet obligations to clients, counterparties and regulators. We are product and process subject matter experts aligned to the Global Financial Markets business providing follow the sun support, a continuous improvement mindset and industry connectivity.
Key Middle Office principles:
• Business alignment / Product expertise: Product specialists who understand business priorities and strategy, define optimal solutions leveraging industry leading facilities and influence behaviour through countenance
• Connect: Build bridges across the bank to simplify current operating model, create efficiencies and identify new opportunities
• Leadership and Market presence: Own your domain and influence product evolution, define internal standards and shape future utilities through selective industry positioning
• Risk Manager: Define the standard to effectively control the T-0 business day; understand regulations, key trends, and external incidents; voice opinions and concerns; protect the bank
• Trade capture, life cycling, daily funding, reconciliation and PnL flash runs for Macro business.
• Manage query remediation, trade life-cycling and other day-to-day processing, ensuring timely escalation to minimise risk exposure.
• New business enablement and solutions, partner to deliver strategic FM initiatives:
• Drive Operational readiness
• Collaborate with global Middle Office to achieve seamless follow the sun model and constantly seek opportunities to achieve process consistency.
• Face of Operations to Macro Trading and Sales Desks primary point of contact:
• Insulate FM from post execution processing / queries, represent Operations functions
• Build team profile with the Front Office
• Stakeholder engagement, 2-way flow of information Trusted Advisor
• Build strong relationship with internal teams to facilitate efficient communications and speedy resolutions of issues:
• Identify and close knowledge gaps within the Hubs through hands on training
• Drive continuous improvement and innovate:
• Partner with Technology to deliver transformation
• Work with FO to identify booking model improvements and drive efficiency
• Be up to date and ensure compliance with regulatory requirements
• Adherence to Ops Risk Framework standards of implementation and process management.
• Face of Operations to Desk primary point of contact:
• Insulate FM from post execution processing / queries, represent Operations functions
• Build team profile with the Front Office
• Stakeholder engagement, 2-way flow of information Trusted Advisor
• Constantly seek opportunities to improve global consistency, work closely with the onshore and other regions to close gaps and standardise processes.
• Build strong relationship with Onshore Middle-Office to facilitate efficient communications and speedy resolutions of issues:
• Identify and close knowledge gaps through hands on training
• Be the subject matter expert for MIS, cost-per-trade, touch points per trade drive their evolution and identify areas to proactively add value through improved data
• Operations representation for external/internal and regulator scheduled audits:
• Ensure Audit points are addressed within timelines
• Achieve regulatory compliance and future proof the Middle Office model through a strong understanding of current rules and anticipation of upcoming regulations
• Adherence to Ops Risk Framework standards of implementation and process management:
• Continuous review of procedures and booking model
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: [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.
Migration of Trade control activities from Onshore.
Business
• Derivatives and FX MM trade
Processes
• Validation, Trade process, Exception management and Trade life cycle
People and Talent
• Good Communication with Stakeholders, Accurate validations, Prompt escalation for exceptions,
Risk Management
• Reduce Risk and high light the Potential Risk
Governance
• To be Complied with the Global standard for SCB
Key Stakeholders
• Front office / On shore Middle office
Other Responsibilities
• Teamwork with other Hubs, and Downstream teams
Our Ideal Candidate
Qualifications
• University degree
• 6 years minimum experience in Financial Service Industry.
• Proficient knowledge of Financial products FX, FXO, Rates, Treasury Market.
• Knowledge in FX, Rates and OTC structured products will be a plus.
• Understanding of end to end trade execution workflow with knowledge in risk and market data.
• Analytical mindset
• Strong inter-personal skills and confident communicator
• Demonstrate strong teamwork with internal and external groups
• Thrive on working in fast paced environment while maintaining attention to detail
• Fast learner with the ability to think out of the box and provide solutions
• Proficient in Excel (pivots, lookups and basic VBA an advantage)
• Strong risk mindset with ability to drive risk management culture
Role Specific Competencies
• Communication
• Derivatives and FXMM Product Knowledge
• Stake holder Management
Strategy
Background: Financial Markets Middle Office was set up in 2016 to deliver first class trade support, business enablement and accurate / timely trade representation to meet obligations to clients, counterparties and regulators. We are product and process subject matter experts aligned to the Global Financial Markets business providing follow the sun support, a continuous improvement mindset and industry connectivity.
Key Middle Office principles:
• Business alignment / Product expertise: Product specialists who understand business priorities and strategy, define optimal solutions leveraging industry leading facilities and influence behaviour through countenance
• Connect: Build bridges across the bank to simplify current operating model, create efficiencies and identify new opportunities
• Leadership and Market presence: Own your domain and influence product evolution, define internal standards and shape future utilities through selective industry positioning
• Risk Manager: Define the standard to effectively control the T-0 business day; understand regulations, key trends, and external incidents; voice opinions and concerns; protect the bank
• Trade capture, life cycling, daily funding, reconciliation and PnL flash runs for Macro business.
• Manage query remediation, trade life-cycling and other day-to-day processing, ensuring timely escalation to minimise risk exposure.
• New business enablement and solutions, partner to deliver strategic FM initiatives:
• Drive Operational readiness
• Collaborate with global Middle Office to achieve seamless follow the sun model and constantly seek opportunities to achieve process consistency.
• Face of Operations to Macro Trading and Sales Desks primary point of contact:
• Insulate FM from post execution processing / queries, represent Operations functions
• Build team profile with the Front Office
• Stakeholder engagement, 2-way flow of information Trusted Advisor
• Build strong relationship with internal teams to facilitate efficient communications and speedy resolutions of issues:
• Identify and close knowledge gaps within the Hubs through hands on training
• Drive continuous improvement and innovate:
• Partner with Technology to deliver transformation
• Work with FO to identify booking model improvements and drive efficiency
• Be up to date and ensure compliance with regulatory requirements
• Adherence to Ops Risk Framework standards of implementation and process management.
• Face of Operations to Desk primary point of contact:
• Insulate FM from post execution processing / queries, represent Operations functions
• Build team profile with the Front Office
• Stakeholder engagement, 2-way flow of information Trusted Advisor
• Constantly seek opportunities to improve global consistency, work closely with the onshore and other regions to close gaps and standardise processes.
• Build strong relationship with Onshore Middle-Office to facilitate efficient communications and speedy resolutions of issues:
• Identify and close knowledge gaps through hands on training
• Be the subject matter expert for MIS, cost-per-trade, touch points per trade drive their evolution and identify areas to proactively add value through improved data
• Operations representation for external/internal and regulator scheduled audits:
• Ensure Audit points are addressed within timelines
• Achieve regulatory compliance and future proof the Middle Office model through a strong understanding of current rules and anticipation of upcoming regulations
• Adherence to Ops Risk Framework standards of implementation and process management:
• Continuous review of procedures and booking model
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: [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.
Migration of Trade control activities from Onshore.
Business
• Derivatives and FX MM trade
Processes
• Validation, Trade process, Exception management and Trade life cycle
People and Talent
• Good Communication with Stakeholders, Accurate validations, Prompt escalation for exceptions,
Risk Management
• Reduce Risk and high light the Potential Risk
Governance
• To be Complied with the Global standard for SCB
Key Stakeholders
• Front office / On shore Middle office
Other Responsibilities
• Teamwork with other Hubs, and Downstream teams
Our Ideal Candidate
Qualifications
• University degree
• 6 years minimum experience in Financial Service Industry.
• Proficient knowledge of Financial products FX, FXO, Rates, Treasury Market.
• Knowledge in FX, Rates and OTC structured products will be a plus.
• Understanding of end to end trade execution workflow with knowledge in risk and market data.
• Analytical mindset
• Strong inter-personal skills and confident communicator
• Demonstrate strong teamwork with internal and external groups
• Thrive on working in fast paced environment while maintaining attention to detail
• Fast learner with the ability to think out of the box and provide solutions
• Proficient in Excel (pivots, lookups and basic VBA an advantage)
• Strong risk mindset with ability to drive risk management culture
Role Specific Competencies
• Communication
• Derivatives and FXMM Product Knowledge
• Stake holder Management
💡 Quick Summary
Seeking a career-building opportunity? The Manager FM Middle Office Controls position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.