What are the responsibilities and job description for the AD, Business Manager, Markets COO Americas position at Standard Chartered?
Job Summary
AD, Business Manager, Markets COO Americas role is a key contributor towards supporting the Americas Markets businesses, to help grow Global Markets P / L and maximise ROTE in a controlled manner, by balancing risk with commerciality.
The successful applicant will join a team of 4, all based in New York, and work closely with Global Product COOs, Business Risk Managers (BRM) and Corporate Functions. Responsibilities include business enablement, business risk management, local governance, conduct and supervision, change management including regulatory implementation, and dealing room management.
Key Responsibilities
- Be aware of and understand (i) the wider CIB business, economic and market environment in which the Group operates and (ii) the Group's business strategy for Markets and understand its implications on operational risk.
- Continuously seek out process simplification and process re-engineering opportunities to improve operational efficiency, and greater ROTE for the Group.
- Provide input into, and in partnership with Front Office to drive and execute the delivery of the global Markets strategy and business initiatives locally.
- Partner with stakeholders and support functions to unblock any business issues and reduce the Operational Risk profile of the Americas Markets Business.
- Be the "connector" between global and local teams, importing communication, developing best practices, and serving as a "catalyst" for positive change and commercial risk management mindset.
- Support the execution of the Broker-Dealer expansion plan.
- Recommend and drive continuous improvements in the business, i.e., identify and executing ad-hoc improvements to business processes, policies, structure, and roles.
- Control costs especially Market Data and Technology costs, as well as manage & monitor FM expenditure against agreed budget in accordance with any cost control guidance.
- Actively participate in the identification, assessment, and mitigation of local elevated and horizon risks within business risk appetite, creating monitors and controls where appropriate.
- Escalate any elevated risks to Markets COO, Americas, Global BRMs and Compliance.
- Support local regulatory and internal audits and Compliance reviews.
- Collaborate with other BRM teams to identify and address controls deficiencies and enhance / improve existing controls.
- Support Broker-Dealer tasks to execute and manage the supervisory framework or other associated requirements, taking appropriate actions to address any deficiencies and shortcomings.
- Become well versed in M7, such that effective management information, for local governance and other senior Markets business heads, is delivered to manage Business Performance, Operational Risks and Local Conduct.
- Responsible for the timely identification, assessment, mitigation, reporting and escalation of all identified Operational Risk exposures including those in Markets Front Office.
- Assist in the identification of new business, regulatory risks and thematic risks and implementation of appropriate controls to mitigate those risks.
- Responsible for recording operational errors that occur within business that result in financial losses, gains, near misses, reputational damage or danger to people or our reputation. Ensure that significant operational losses are escalated with appropriate root cause analysis completed.
- Support the Markets Americas head to operate effective local supervision of Markets Treasury staff.
- Support the Markets Americas head to run the Local Markets Non-Financial Risk (NFR) Business Risk Forums (BRF).
- Ensure the Supervision Framework for Series 24 Supervisors is well managed.
- Support the Markets Americas head in the Cluster Conduct Forums.
- Support local product enablement through the Product Governance process ensuring effective review of new Products prior to roll out.
Key stakeholders
Skills and Experience
Qualifications
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 :
Expected annual base pay range for the role is 100,225 USD - 150,336 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible / hybrid working arrangements for many of our positions subject to role specific considerations
Visit our careers website www.sc.com / careers
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.
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Salary : $100,225 - $150,336