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Standard Chartered
Cash Operations Risk Management Specialist
Newark, NJ
Jul 31, 2024
Full Job Description

Job Summary

The Associate, Business Risk Management, Cash is responsible for identifying, assessing, monitoring, controlling and mitigating all risks (Cyber, Compliance, Financial Crime, Operational and Conduct) front to back within the Transaction Banking (TB) Cash Business.

The incumbent of the role will execute control tests on processes under the TB Cash Process Universe to ensure the control framework is effective. In addition, manage local KCI (Key Control Indicators) and KRIs (Key Risk Indicators) and support the annual risk control assessment (RCSA) with the local CPO (Country Process Owners) and RO (Risk Owners).

We appreciate self-driven candidates who will be working closely with the wider Cash Operations team, coverage and product partners to develop an understanding of the competitive landscape and identify prospective partners who can address customer needs and accelerate growth. We believe that a willingness to acquire new skills will contribute to success in this role.

Key Responsibilities

  • TB risk governance by coordinating / preparing presentations for local Risk Forums and Committees.
  • Providing support during external / internal Audits or quality assurance reviews through coordination and delivery of requests.
  • Managing TB's Conduct Agenda.
  • Log and manage Risk Issues and Events in M7 (the Bank's global strategic risk platform).
  • Assist in developing and updating of procedures, controls and monitoring plans for Operational Risk Management.
  • Execute Control Sample tests, Monitoring Key Control Indicators and Key Risk Indicators.
  • Assist in coordinating, facilitating and promoting understanding of operational risk and implementation and management of OR within the Unit.
  • Coordinate and discuss Residual Risk Assessments with Country Process owners and Risk owners.
  • Assist in executing the annual RCSA (Risk Control Self - Assessment) process by facilitating discussions with stakeholders from 1st and 2nd LOD.
  • Support coordination of external / internal Audits and internal quality assurance reviews form 2nd LOD including providing and tracking delivery of requested information.
  • Act quickly and decisively when any risk and control weakness become apparent and ensure these are addressed within an appropriate timeframe and escalated.

Qualifications

  • 1-3 years' experience in Operational Risk / Banking Industry.
  • Knowledge of Cash Transaction Processing.
  • Previous experience in workflow systems to log and manage risks, run reports.
  • Analytical skills Problem solving skills.
  • Excellent interpersonal and communication skills as well as multi-cultural awareness and sensitivity.
  • Ability to thrive in a high-pressure environment.
  • Exemplary integrity, ethics, and resilience.
  • Ability to apply experience and judgment to plan and accomplish priorities.

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 thingand 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-offincluding 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 workingoptions based around home and office locations, with flexible working patterns.
  • Proactive wellbeing supportthrough 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 cultureto 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.

Recruitment Assessments

Expected annual base pay range for the role is 62,640USD to 80,000 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

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers websitewww.sc.com/careers

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www.sc.com/careers

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Cash Operations Risk Management Specialist
Standard Chartered
Newark, NJ
Jul 31, 2024
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