Analyst, Operations Trade Support

The Operations department is responsible for ensuring the complete end-to-end processing of the Bank's transactions and services. They are responsible for ensuring that the appropriate control framework exists to ensure the accuracy of this processing as well as the recording of this in the Bank's books and records. Operations are also responsible for the accurate and timely reporting of the Bank's transactions to multiple regulatory stakeholders globally.

The Operations department performs the following functions:

• Trade Support


• Financial Settlements


• Physical Settlements


• LME Trade Clearing Services


• Clearing and Vaulting Services


• Structured and Banking Products support


• Facilitation of trade finance and documentary credit products


• Confirmations


• Payments Sanctions Screening


• Collateral Management


• Operations Control

o Balance sheet substantiation
o Nostro production and reconciliations
o Risk and control oversight and monitoring

• Regulatory Operations


• Cash, Interest Claims and Nostro management


• Brokerage Services


• FX, money market, NDF and OTC derivative settlements


• OTC derivatives and securities confirmations


Job Purpose

To provide support to front office desks, ensuring all trades are efficiently and accurately booked on Trade Date. Gain a thorough understanding of the complex nature of the bank's core practices through exposure to a variety of products.

The role will require a self-motivated individual who will bring energy and enthusiasm to the function and be capable of quickly developing a strong partnership with the front office. A focus on operational controls and an understanding of the bank's clients, ensuring at all times operational risk is kept to a minimum, are core requirements.,
• Act as Trade Support for a wide array of products across FIC and Commodities.


• Review and validate all non-STP trading activity originating from front office on Trade Date by validating system bookings


• Monitor trades as they pass through the workflows in various front office systems and ensure they are quickly moved to back-office queues to enable timely processing of downstream operational functions (trade instruction, confirmation, matching, cash management and settlement)


• Respond quickly to front office requirements for trade amendments / updates by moving trades back through the workflows and monitor timely resolution of completed updates / amendments


• Perform / validate Market Operations (client transfers, rate fixings, terminations, assignments etc.)


• Monitor exceptions on inter-system automated trade feeds, i.e. FOBO reconciliations and ensure that all exceptions are identified and resolved


• Perform internal trade reconciliations on Trade Date + 1 to identify missing and incorrectly booked internal trades. Work with front office to resolve booking problems in a timely manner and escalate where required


• Provide support to the wider Operations team by liaising with front office to undertake corrective action required to resolve exceptions/ breaks captured on downstream operational control points


• Record completion of all intra- and end-of days checks via on-line check lists


• Ensure that Regulatory obligations are met such as Transaction Reporting, Audit requests and exception management


• Assist with analysis and investigation in respect of historic issues / exceptions as required


• Ensure that Risk items are escalated appropriately to ensure that the business operates in a controlled manner and that all key risk issues are raised to management and key business stakeholders


• Work collaboratively with peers across Operations


• Operate in-line with the control framework to ensure that changes to the business operating model and the products traded are appropriately risk-managed


• Ensure that our clients receive the most efficient and productive service in our duties relating to the distribution of periodic position valuation statements and client trade allocations
  
  Banking operations experience with a proven background in at least one core operations function (ideally Trade Support but also Confirmations, Settlements, Reconciliations or Investigations)


• Understanding of Commodity and/or FIC products


• Proven interpersonal and relationship building skills and ability to apply to relationships formed across different geographical regions


• Proven experience of having thrived in a fast-moving, high-pressured environment


Knowledge, technical skills and expertise

• Business knowledge


• Understanding of FSA rules and regulations or equivalent


• Understanding of risk and control


• Banking knowledge


• Knowledge of emerging markets


• IT skills


Personal attributes

• Excellent attention to detail


• Quick and agile worker


• Analytical and attention to detail


• Excellent Communication skills


• Resilience


• Results-orientated


• High level of integrity


The role would suit someone who is:

• Analytical


• Can work in ambiguity


• Is flexible
  
  ICBC Standard Bank Plc (ICBCS) is 60% owned by Industrial and Commercial Bank of China and 40% by Standard Bank. ICBCS benefits from a unique Chinese and African parentage and an unrivalled global network and level of expertise.


ICBCS is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and the markets in which we operate. We deliver products in an environment which considers the appropriate needs of our clients, whilst providing guidance and expertise to ensure our employees understand our business and uphold the highest levels of conduct. We want passionate and talented individuals who are motivated by high growth potential being achieved in doing business the right way.

Headquartered in London, ICBCS also has operations in Shanghai, Singapore, and New York.