Job Description

Job Summary
Financial Markets Contracts specialises in negotiations of derivatives, REPO, and securities lending documentation (ISDA, GMRA, GMSLA) via multiple Client segments (Investment Managers, Investment Banks and Global Corporates) across the Global footprint of the Bank. The FMC team operates in a highly regulated and time sensitive environment and ensures the foundational documentation, upon which the Bank can safely offer trading, across a whole variety of Financial Market products, is in place.
An FMC negotiator is a critical role that underpins much of the Bank's business. An ability to negotiate master trading documentation as efficiently as possible and within the Banks risk appetite is crucial. The FMC team deliver work across multiple jurisdictions in support of multiple stakeholders and business segments. The work is high profile, sensitive, and often complex. The role provides a broad, holistic perspective of transaction management challenges and requirements across the organisation.
Key Responsibilities

• Support FMC to deliver on the vision, strategy, direction for FMC regionally, consistent with the vision and strategy for FMC Global and in support of the Group's strategic direction and growth aspirations.
• Ensuring all ISDA, GMSLA, and GMRA documentation is in compliance with the terms and spirit of the relevant Bank policies and procedures (including Operational Risk).
• Working closely with and engaging with internal stakeholders, legal, tax, etc, teams where required.
• Drafting and negotiation of relevant documentation framework as outlined in policy and procedure in line with credit approvals.
• Reviewing and confirming all required documentation is in line with Client and Banks expectations, including procedure and policy requirements, relevant approvals for exceptions are recorded, etc.
• Maintenance of centralised work tracking tools to enable both Regional and Global executive overview of work status and progress.
• Pro-active efficient and timely escalation of emerging and or realised risks

Strategy

• Awareness and understanding of the firm's business strategy and model appropriate to the role e.g. approach to prioritisation of negotiations, compliance with relevant regulation and the internal operational risk framework, relevant IT support strategy.

Business

• Be a business partner to and independent guardian of the business, achieving the right balance.
• Single point of contact for any Client or Business escalations.
• Utilise knowledge of business products and execution undertaken in region to work with regional / cross-regional business and functions to respond to FMC process related questions.
• Work closely with stakeholders to ensure smooth integration of FMC processes with other parts of the Bank.
• Work closely with FMC in other regions to reduce duplicative work and ensure logical allocation of work (proposing exceptions to R&R where necessary)
• Resolve all roadblocks and any points requiring clarity, in collaborative fashion between FMC centres or between Legal and FMC or FMC and other stakeholders in the Bank.
• Adhere to both personal and FMC KPIs, ensuring that work is performed / delivered within thresholds.

Processes

• Identify process improvement initiatives / opportunities to drive efficiency across FMC.
• Implement and adhere to standardised operational excellence processes.
• Ensure completion of the FMC Activity Tracker(s) in accurate and timely manner to facilitate preparation and management of Management Information including reports and dashboards.
• Support all control checks undertaken by FMC under the Risk Framework.
• Ensure all FMC management information is updated / supplied promptly and accurately as required by the direct line management or Global Head, FMC.

People & Talent

• Lead through example and foster the appropriate culture and values,
• Set appropriate tone and expectations and work in collaboration with business, risk and control partners,
• Support the provision of ongoing training and development of people,

Risk Management

• Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the firm relevant to the role.
• Awareness and understanding of the main risks facing the firm and how performance of the role is involved in managing them.
• Ability to interpret the firm's information relevant to the role, identify key issues based on this information and recommend appropriate controls and measures.
• Support risk control ownership under the Group's Risk Management Framework (including relevant Operational Risk Framework ownership for FMC).
• Ensure a full understanding of the risk and control environment in area of responsibility.

Governance

• Responsible for assessing the effectiveness of the firm's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, recommend changes in these areas.
• Awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role.
• Responsible for delivering 'effective governance', capability to challenge colleagues effectively, and willingness to work with Clients in an open and cooperative manner.

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 the Standard Chartered Group. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Support the FMC team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention, The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.

Key stakeholders

• Regional heads of Corporate & Institutional Banking.
• Financial Markets Sales.
• Legal.
• Credit.
• Margin Operations.
• Compliance.
• Tax.

Other Responsibilities

• Support Here for Good and Group's brand and values
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Skills and Experience

• Customer Focus
• Disruptive Innovation
• Internal Controls
• Operational Functions
• Process Improvement
• Process Management
• Risk Management

Qualifications

• Minimum 7 years relevant or transferable knowledge and experience in the financial services sector
• Strong knowledge of master agreement documentation typically entered into by the Bank; including UMR/IM documentation.
• Strong understanding of legal risks associated with master agreement documentation.
• Experienced ISDA, GMRA, GMSLA negotiator, fluent in the credit support annexes and applicable regulations.
• Good knowledge of the concept of minimum acceptance criteria and collateral verification requirements.
• Proven ability to work with stakeholders situated in other jurisdictions to negotiate master agreement documentation.
• Demonstrated ability to work in a fast-moving, demanding environment whilst maintaining high quality output, good analytical skills, risk-based approach and excellent attention to detail.
• Strong organisational and prioritising skills are essential.
• Strong team player with excellent communication skills in order to effectively liaise with and develop close working relationships with stakeholders and business partners, across various jurisdictions.
• Ability to quickly assimilate complex syndication and bilateral lending deals and product structures.
• Fluent English language both spoken and written - additional languages will be an advantage.

About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

15363

Skills Required