Specialist, Settlements

As the candidate for the Operations role at Standard Chartered in Chennai, your primary responsibility will be managing custody services offering, which includes client service management, transaction processing & monitoring, reporting, and operational risk reporting. Key Responsibilities: - Have a good knowledge of Equities and Fixed income products and understand the Trade life cycle. Also, be familiar with the Mutual fund order process. - Ensure timely pre-matching of trades and update status to clients/Agents/Brokers within agreed timelines. - Inform clients/Brokers about required amendments and follow up to obtain the same. - Adhere strictly to Maker/Checker controls and follow the activities checklist. - Identify and address open risk areas in the process, highlighting them to management. - Manage the team effectively to ensure End-to-End Business-As-Usual (BAU) activities are completed by End of Day (EOD). - Support risk and audit-related activities. - Regularly follow up with agents until trades are settled in the market and communicate updates to clients. - Collaborate with Projects and technology teams to automate manual processes. - Manage stakeholder relationships effectively. Business: - Knowledge of Custody operations, Securities Settlements, Financial Market Operations. - Understanding of Agent banking, Sub Custody operations, and clearing would be advantageous. Processes: - Processing of Settlements transactions, Pre-matching of trades, and Reporting of Trade Status. - Ensure trades are sent to the market within stipulated cut-off time and manage funding/reaptriation of funds. - Verify Funds and Holdings before settlements. - Update Failed trades with correct reasons. - Book FX deal and confirm rates to clients/Agents based on SI from Clients/Agents. - Handle Contractual Settlements processing. - Remediate open items in Suspense/Nostro/Stock reconciliations effectively. - Manage BAU escalations and drive process improvements. People & Talent: - Possess collaborative skills to work effectively with staff across locations and grades. Risk Management: - Ensure adherence to control/operating procedures and documentations. - Ensure compliance with established procedures, regulations, and Group Guidelines. - Keep track of changes affecting Clients and communicate proactively through various channels. Skills and Experience: Qualifications: - Bachelor's degree in Banking/Finance/Information Technology or a related field. About Standard Chartered: Standard Chartered is an international bank striving to make a positive difference for clients, communities, and employees. With a focus on driving commerce and prosperity through diversity, the bank values inclusion and celebrates unique talents. By working together, embracing diversity, and advocating inclusion, the bank aims to build a better future for all. What we offer: - Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits. - Time-off benefits including annual leave, parental/maternity leave, sabbatical, and volunteering leave. - Flexible working options, wellbeing support, continuous learning culture, and an inclusive environment. Recruitment Assessments: Some roles may involve assessments to assess suitability for the position. If invited for an assessment, it indicates that your application has progressed in the recruitment process. For more information and to explore career opportunities, visit www.sc.com/careers. As the candidate for the Operations role at Standard Chartered in Chennai, your primary responsibility will be managing custody services offering, which includes client service management, transaction processing & monitoring, reporting, and operational risk reporting. Key Responsibilities: - Have a good knowledge of Equities and Fixed income products and understand the Trade life cycle. Also, be familiar with the Mutual fund order process. - Ensure timely pre-matching of trades and update status to clients/Agents/Brokers within agreed timelines. - Inform clients/Brokers about required amendments and follow up to obtain the same. - Adhere strictly to Maker/Checker controls and follow the activities checklist. - Identify and address open risk areas in the process, highlighting them to management. - Manage the team effectively to ensure End-to-End Business-As-Usual (BAU) activities are completed by End of Day (EOD). - Support risk and audit-related activities. - Regularly follow up with agents until trades are settled in the market and communicate updates to clients. - Collaborate with Projects and technology teams to automate manual processes. - Manage stakeholder relationships effectively. Business: - Knowledge of Custody operations, Securities Settlements, Financial Market Operations. - Understanding of Agent banking, Sub Custody operations, and clearing would be advantageous. Processes: - Processing of Settlements transactions, Pre-matching of trades, and Reporting of