Job Title: Product Delivery Manager – FX/MM
Job ID: 374741
Location: Nigeria
Organisation: Standard Chartered Bank Plc – SCB Nigeria
Sector: Banking and Finance
Job Description:
•Responsible for end to end processing, settlement, confirmation, and record keeping of all Foreign Exchange and Money Market Transactions.
•To provide assistance and clarity required to reconcile and investigate all FX/MM related items in Nostro accounts
•Ensure proper tracking of outstanding confirmation for forward deals.
•Assist Head, Financial Markets Operations in implementing changes to internal standards/procedures in line with business development.
Key Roles & Responsibilities:
•Implement processes and procedures in accordance with approved operations strategy, best practice models and preferred system solutions as appropriate to the ALM and FX business.
•New system testing and verification, and determining appropriate action to be taken in new or unusual circumstances.
•Ensure that all securities used by the ALM book are reconciled daily and no ALM related item is over aged in Nostros.
•Ensure compliance with all relevant laws & regulations, and that documented procedures are up-to-date at all times.
•Ensure that all required analysis, statistics and returns are completed accurately and on a timely basis.
•Manage relationships between the Financial Markets Operations, Global Markets and GSSC FMO and internal customers to ensure excellent interfaces between sales, trading and operations.
•Ensure all FX/MM deals booked in the bank's system-Opics are duly settled on value dates
•Contribute to and implement detailed testing of disaster recovery contingency plans.
•Match incoming and outgoing confirmations for FX/MM deals.
•Ensure timely settlement of all FX/ALM deals.
•Render timely all regulatory reports required on FX/ALM business to relevant stakeholders.
•Assist the ALM desk by monitoring and reporting timely, all late and failed payments from counter parties.
•Generate Trade Confirmation on or before T+1 and dispatch same in line with procedure
•Track and monitor forward deals and ensure no outstanding confirmation of trades in line with procedure.
•To generate and maintain complete MIS for the department's activities covering all FX/MM products.
•Ensure compliance by the department with all relevant laws and regulations
•Ensure all MIS for BOLD are tracked and all templates populated monthly.
•Coordinate WDAS utilization report for the bank.
•Ensure all required analysis, statistics and returns are completed accurately and same submitted to the relevant parties timely.
Qualifications & Skills:
•Bachelor's Degree plus minimum of 5 years experience in banking operations
•In-depth knowledge of Treasury products and local money market practices.
•Sound knowledge of Risk control and reporting
•Excellent written and verbal communications
•Good analytical skills to analyze, interpret, resolve and change workflow to improve productivity
•Sound analytical and business process knowledge
•Good PC skills – spreadsheets and word processing
•Adaptable, flexible, independent and innovative.
•Thorough knowledge of local regulations governing Financial market Operations
•Good communication and interpersonal skills
In compliance with the National Youth Service Corps (NYSC) Act of 2004, all applicants should ensure that they have completed the mandatory NYSC programme. A discharge certificate will be required as evidence of completion of the programme. Where an exemption has been granted, a certificate of exemption will also be required.
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