Team Lead MO Controls-2400004741

JOB SUMMARY

• Exception Management Control Lead is responsible to ensure robust Data & Control delivery across Middle Office Controls supporting FM Business. Collaborate with Validation and FO Supervision functions to ensure effective Data and MIS insights published to FM stakeholders and Management.
• Trade Validation Control involving deal review against external source across OTC products and regions for FM Business. Execute Controls and Reporting, to ensure Risk captured accurately in system compliant to product Booking models.
• FO Supervision Controls to monitor Trading risk positions, trade capture timelines, Regulatory Compliance and Rogue trading Controls to identify and escalate any exceptions
• Controls across FOBO, FOFO and Interface system exception monitoring and reconciliation break resolution to ensure data integrity and completeness.
• New business enablement and solutions, partner to deliver strategic FM initiatives and ensure Operational readiness
• Manage query remediation, other day-to-day processing, ensuring timely escalation to minimise risk exposure.
• Collaborate with FMO Front Office including Trading and Sales Desks and Business COO to support Business Enablement initiatives and Control framework
• 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 across Ops, Finance, Risk and Technology to facilitate efficient Collaboration and speedy resolution of issues
• Drive continuous improvement and innovate:
• Partner with Technology to deliver Transformation
• Work with Business COO to identify booking model improvements and drive efficiency
• Achieve Regulatory and Conduct 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
• Oversight of Daily Productivity, KPI, KCI and Capacity metrics 

Business

• Financial Markets Operations (FMO) Middle Office (MO) was established in 2017 in a response to increasing requirements from Front Office (FO) for dedicated support. Middle Office function’s core purpose is to insulate FM Trading / Sales, permitting them to maintain focus on revenue generation, Client and risk management.
• In 2022 the Global Middle Office function underwent a significant restructure, expanding its remit through the absorption of former Trade Control (rebranded MO Controls), Sabre Support, New Issuance Group (NIG) and Transaction Management (TMG) support functions. MO also expanded its remit into Sales Support. This re-alignment places all direct FM support functions under one consolidated organisational structure, with the ultimate aim of accountability and delivery of high quality, streamlined and synergized FM services.
• Middle Office Control team aims to deliver Best in class support to FM Business enablement, Product and Process subject matter expertise, promoting Continuous Improvement culture, ensuring robust Controls framework and governance to meet our obligations to Clients, Counterparties and Regulators.Middle Office Control covers 3 key Control functions including Trade Validation Control, Non-Validation Control and Front Office Supervision Control.

Product & Process

• OTC Products: FX, FX Options, Interest Rate Swaps, Commodities, Credit Derivatives, Equity Derivatives, Money Market and ESG products. 
• Electronic executions across Markitwire, RTNS, Bloomberg, ICE Link etc 
• New and Amended Trade Validation
• Non-Validation Controls
• FO Supervision Controls 
• New Products & Business Enablement 

RESPONSIBILITIES

Strategy

• Realtime Support to Front officeandInvestigate Trade reconciliation breakson theExceptions. Middle office Controls and Reconcillation

Business

• Middle Office - Control 

Processes

• Exception Management Control Lead is responsible to ensure robust Data & Control delivery across Middle Office Controls supporting FM Business. Collaborate with Validation and FO Supervision functions to ensure effective Data and MIS insights published to FM stakeholders and Management. 

People & Talent 

• Key for Detailand investigation and Communication skillsfor the management of Exceptions in the Trade flows. 

Governance 

• Risk and Control governanceon trade flows,Trade and Positionreconciliation Controls, Reportingand Followup on Exceptions

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
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• Front office – Trader , Sales
• Middle Office On Shore
• Clients 

Other Responsibilities

• Embed Here for good and Group’s brand and values, Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats)

Our Ideal Candidate

• Graduate with preferable banking background