Job Summary
As an Assistant Manager in Settlements at Standard Chartered, based in Jakarta, you will play a pivotal role in ensuring efficient processing and reconciliation of all settlement transactions within our banking operations. You will manage daily settlement activities, collaborating closely with internal teams and external stakeholders to uphold the highest standards of accuracy and compliance. Your role will contribute directly to seamless financial operations that protect client interest.
Strategy
• To execute and monitoring settlement BAU activity during the day. To ensure all client’s instructions are properly managed and executed as per standard service agreement with clients.
Business
• Ensure all the BAU processing are comply with internal and external policy/regulation
• Manage all BAU activity, clients reporting, regulatory reporting obligations, and clients communications are managed properly.
• Escalation of any improper process, gap or possibility issue for the next day to Head of Settlement unit and other respective unit
Processes
• To ensure timely settlements of all trades in agreed standard of customer services and reliability including close connect with local or foreign institutional clients in regard to the status of their trades both settled and failed trades.
• Connect with brokers, custodian banks and to avoid losses resulting from possible interest claims,find and suspension in situations where delays in settlements are due to customers themselves in line with the provisions of high-quality customer-oriented service.
• To ensure compliances with the regulatory requirements set by the Ministry of Finance,OJK, The Jakarta Stock Exchange and The Bank's establish procedures.
• To ensure that all shares delivered are in good order to avoid losses to the Bank due to error omissions of frauds.
• To constantly initiate review and implement cost effective and practical procedures via systematic analysis, automations and computerisations in order to increase the level of efficiency and productivity leading to higher profitability.
• To motivate and build teamwork spirit amongst staff to create a conductive working climate and at the same time monitor their performance
• To ensure timely responsiveness to client's queries.
• To ensure accounting entries are correctly and properly entered into the bank's book
• To ensure order trades with MATCHED status in SECCURE will be send to C-BEST or BI-SSSS or Settlement Agent for settlement.
• To ensure all order trades settled in SECCURE after status in C-BEST or BI-SSSS are SETTLED and for BI-SSSS trades follow with SI-BISSSS reporting.
• To participate in the quality improvement process and contribute towards the ISO Certification
• To fully comply with Group Policy and standards on Money Laundering Prevention.
• To make prompt report of suspicious transaction proposed transaction according to the documented process on reporting and/or in compliance with local regulatory requirements
• Ensure for scripless transaction which done through KSEI CEBM and RTGS are in total for receive and delivery against payment
• To ensure all trades instruction are received and processed on a timely basis.
• To ensure that all staff send failed trades and continuously follow up on daily basis
• To ensure shares are received before book closed date (if any corporate announcement
• To ensure timely escalation on issue arise
• To ensure prompt update/report for internal and external parties including MIS and regulatory reporting.
People & Talent
• Responsible to ensure the continuous self-development and also team member with highly skilled and motivated professionals to manage and sustain the long term viability of the business
• Manage team capacity to support business / client.
• Provide assistance in training preparation and maintain training attendance/completion records.
• Monitor completion of mandatory learnings within SSO staff
Risk Management
• Responsible to identifying, assessing, monitoring, controlling and mitigating risk embedded to BAU
Governance
• Responsible to assessing BAU are in line with group directions operating model and also align with local market policy and regulation
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
• All unit within Securities Services Operations, Business team, Operations team within SCB which supporting BAU.
• Indonesia central bank and Indonesia Financial Authority
Skills and Experience
• have working experience in Custody Department
• able to operate Microsoft Office application
Qualifications
Education Under Graduate and Above All Major
Languages Fluent in English
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).
- 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.