Key Responsibilities
To provide operational excellence and business enablement support for the Head of Financial Markets, Nigeria, and the Regional COO team. This includes the implementation and ongoing maintenance of the Operational Risk Framework (ORF), governance, conduct and supervision.
To act as a trusted advisor in supporting the Markets Country Head in managing and running the Markets business in-country
Strategy
Understand and support the implementation of the Nigeria and West Africa cluster FM strategy and local business initiatives in alignment with the Global FM strategy
Understand the group’s business strategy and its implications for the FM business in risk management, business enablement and advisory support
Articulation of business performance and underperformance to stakeholders
Supervision of Markets, and oversight of Treasury Markets and Capital Markets Product Sales (CMPS) in the Nigeria dealing room, in line with the Markets/TM/CMPS MoU.
Be aware of and understand the Group’s business strategy for Financial Markets and understand its implications on operational risk
Business budgeting and forecasting where required
Driving and management of a prudent cost and risk culture.
Business
Partner with global and local stakeholders and partners to agree priorities for execution
Identification and unblocking of business issues
Promote awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role
Assist in the delivery of the management agenda – drive initiatives designed to improve financial performance, operating efficiency, risk and people management.
Responsible for challenging and questioning business strategy in application of operational risk appetite, seek to optimise the business risk-return profile
Represent the business when interacting with the support functions.
Improve communication across business, function, and geographies.
Recommend and drive continuous improvements in the business, i.e., identify and executing ad-hoc improvements to business processes, policies, structure, and roles.
Processes
Responsible for coordinating internal and external audit reviews – liaising with stakeholders to ensure timely / accurate information is provided. Review audit findings and key themes, assisting the business to achieve timely resolution of action plans.
Responsible for supporting the business in minimizing operational risks and losses, and ensure material operational losses are investigated to prevent recurrence per group policy. Root Cause Analysis to be carried out where required and ensure any findings are remediated.
Responsible for being the go-to person for the business for all operational risk related incidents and queries that arise, and becoming a business end-to-end subject matter expert in all Financial Markets products offered by the Bank in this market
Responsible for coordinating with stakeholders in the country and with other Financial Markets operational risk managers to increase transparency and share key learnings and best practices
Responsible for ensuring quality of information recorded in risk tracking system M7, as well as ensuring accuracy, completeness of data, and timely resolution of actions
Responsible for identifying knowledge gaps, facilitate development of training, arrange relevant business training on Operational Risk
Continuously seek out process simplification and re-engineering opportunities to improve operational efficiency.
People & Talent
Responsible for driving appropriate culture and values within the team. Setting appropriate tone and expectations for the team, work in collaboration with risk and control partners across all functions
For team Leads, responsible for building and developing/growing the team
Risk Management
Assess the effectiveness of the Group’s arrangements to deliver effective governance, oversight and controls in the business. Challenge processes, procedures, and policy if there is opportunity for improvement
Accountable for the development of control enhancements to ensure any known risks are controlled within acceptable boundaries
Accountable for the identification of operational risk for new products and new business, regulatory and thematic risks, and the implementation of appropriate controls to mitigate these risks
Facilitate and drive the monthly cluster NFRF/BRF
Responsible for managing the FM Nigeria & Gambia Non-Financial Risk Forum (NFRF). Ensure adequate governance and oversight over operational risk, through the escalation and appropriate resolution of relevant risk exposures to Regional Non-Financial Risk Committee (Regional NFRC) and Markets Business Risk Forum as required.
Responsible for the implementation and execution of the Control Sample Testing (CST) process, sampling and testing the population of controls to ensure compliance with agreed control standards and facilitating the monitoring/collection of any Key Risk Indicators (KRIs). With the process owner ensure
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
Head, Markets, (Nigeria)
Head of Treasury Markets Nigeria
Head of CMPS
Senior Operational Risk Officer(s) (SORO)
Regional COO
Markets Product COOs
Country Compliance
Markets CFCC Advisory
Internal Audit
External Audit
Markets Operations
Local Finance and Markets Business Finance Partner
Other Responsibilities
Embed Here for good and Group’s brand and values in Nigeria Markets COO team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);
Skills and Experience
Effective Communication
Influencing thorough Expertise
Project management
Planning: Tactical, Strategic
Business Development
Organizational Governance
Qualifications
Education: University Degree
Certifications: Certification in Financial Markets e. g ACI Certification, Risk Management and Compliance will be added advantage.
Apply via :
jobs.standardchartered.com