Associate Manager Product Control Hedging Solutions

Job Summary

• The Product Control GBS is accountable for delivery of the end-to-end product & valuation control functions in GBS and lead different strategic initiatives for Treasury including Hedge Accounting Control & Solutions.
• We are seeking a dynamic and technically skilled professional to join our Treasury team. This role will play a pivotal part in expanding the Bank’s hedge accounting capabilities, developing compliant and commercially effective strategies, and supporting IFRS 9 transition initiatives. The successful candidate will work for HA Control & Solution center of excellence, working closely with Technical Accounting, Treasury, IRRBB, Product Control, and other key stakeholders to deliver best-in-class hedge accounting solutions across the Group. This will include:
• Timely production of daily P&L reporting for hedging solutions. The main products controlled are Rates (Bonds/SWAP), FX Products, Government Bonds & T-Bills, Fixed Deposits, Certificates of Deposits, Debt Issuance, and associated hedges interest rate hedges (IRS, CCS, FX Swaps).
• Execute processes to ensure adherence to IAS39/IFRS9
• To aid with hedge effectiveness testing and related substantiation and queries.
• Assist in execution of daily/monthly controls around P&L and Balance Sheet
• Review of Daily/Month end reconciliations between the various TP systems and the General Ledger.
• Work with senior team members to liaise with different stakeholders like desk, middle office, IT, operation, external audit and respective financial controller to timely resolution of the issues
• Support change project initiatives and conduct User Acceptance Testing for enhancements to current systems or migration to new system.
  
  

Strategy

• Ensure awareness and understanding of the group business strategy and model appropriate to the role
  
  

Business

• Ensure awareness and understanding of the wider business, economic and market environment in which the group operates
  
  

Processes

• Ensure processes for which the person is responsible is executed as required.
  
  

Key Responsibilities

Risk Management

• Ensure awareness and understanding of the main risks facing the Group
  
  

Governance

• Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
  
  

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

Key stakeholders

• Regular face off with traders, product control management, IRRBB, treasury markets, regional finance team and various internal stakeholders within GFS.
• Act as a point of reference for team members and internal clients.
• Manage relationship with internal stakeholders, take regular feedback, anticipate, and understand issues and escalate appropriately for timely resolution
• Manage strong relationship with support teams (IT, Operations and Risk) and bring synergies by interacting and integrating with cross functional teams
  
  

Other Responsibilities

Embed Here for good and Group’s brand and values in team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures;

Skills And Experience

• Accounting
• Derivatives
• Effective Communication
• Financial and accounting systems
• Internal Controls
  
  

Qualifications

• CA/MBA/CFA/FRM/Acca Having 4 - 6 Years Of Work Experience With:
• Good Understanding Of Accounting And Financial Markets Products;
• Strong Control Mindset;
• Strong Interpersonal And Communication (Verbal And Written) Skill Which Help Build An Effective Internal Network Across The Numerous Stakeholders.
• Proficiency In Tools Such As Excel (Advanced), Sql, Power Bi For Data Mining, Transformation, And Dashboard Reporting Will Be An Added Advantage
• Prior Experience With Peoplesoft Financials, Sap, Ms Office & Ms Sql Will Be An Added Advantage;
  
  

About Standard Chartered

Were an international bank, nimble enough to act, big enough for impact. For more than 170 years, weve 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 youre 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 cant 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, youll 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.

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