IBOR Contract Remediation Project Analyst

  • Job category
    Banking and Finance, Risk Management
  • Job level
  • Contract type
    Permanent, Full Time
  • Location
  • Salary
    S$6000 - S$12000

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. It's 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.

We're 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 Responsibilities

• Ensuring complete, timely and well managed document and data migration between SC and Provider (both directions), including:

o Seeking documents which are missing from the set uploaded to the Provider (via systems and liaising with business) (e.g. where an Amendment is provided, but no original, where an exposure is demonstrated but no document located in iCDMS)

o Checking and confirming any LEID duplication and group structures (e.g. via SCI and business)

o Locating iCDMS record ID and data for any loose documents provided by business

o Preparing lists of documents by searching iCDMS and collating

o Following up on DER requests

o Checking completeness of document sets (e.g. that all countries and types covered off)

o Any manual status consolidation required in existing systems (e.g. IBOR or status data field update in iCDMS)

o Liaise with system product owners and technology team

o Maintain records of document and data provision, migration and deletion

• QA, such as checking quality of OCR and data presented by Provider

• Client outreach coordination between Provider and SC (contact lists, tracked communications sent, track responses, escalate queries)

• Supporting the Provider in validating the mapping of contracts to trades / positions

• Support Contract Remediation workstream operations, such as:

o Follow up on tasks allocated to business (e.g. to provide Confirmations)

o Support and follow up on Governance requests

o Attendance and operational support of Contract Remediation workstream meetings, including preparation and publication of agenda and materials, preparation of minutes and action list maintenance

o Support organisation, publishing and management of Contract Remediation workstream documentation and records to ensure availability and compliance with governance requirements

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.

Our Ideal Candidate

Must have the ability to access and review documents which may otherwise have sensitivities regarding cross-border access between certain jurisdictions

• 4+ Years of relevant work experience in Banking / Financial Domain.

• Experience in regulatory change initiatives

• Corporate Banking Experience

• Business analysis and project experience in capturing requirements, issues tracking and stakeholder management

• Must be ready to support conference calls from selected vendor’s teams across different time zones

• Strong communication skills and experience in paralegal work and documentation management

• Knowledge of SC Legal and Documentation set-up will be imperative for the role holder’s ability to liaise between Provider and the other members of the bank's Legal and documentation teams

• Understanding of contract documentation, including that for derivatives and corporate lending

• Understanding of ownership of the documents and where they reside;

• Understanding of document repositories, system architectures and how documents flow through the system

• Attention to details to support review of digitisation and analysis output

• Experience in working on regulatory transformation initiatives is a plus

• Familiarity with contract digitisation technologies and architectural considerations

• Ability to work in a cross-functional team spread across multiple geographies.

• The opportunity to be part of one of the Bank’s largest and most challenging Programmes, engaging with stakeholders across the entire network

• Be part of a multi-year initiative

• Build a strong base for a future career in the broader Chief Operating Officer space; the knowledge gained from this role will be invaluable in preparing the successful candidate for broader roles in the future.

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.

Closing on 19 Dec 2021

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