CA Experienced required at RBS as Analyst- Market Operations.
Analyst- Market Operations.
Mumbai, Mahārāshtra
The Business
Business Unit: C&IB Operations
Location: Mumbai, India
SubUnit: Market Operations
Corporate Title: Associate
Risk Efficiency & Control:
Setting clear goals, internal controls, risk management, business efficiency, improvement and effectiveness
- Conduct Risk:: To be accountable for ensuring you understand, uphold and promote the Conduct Risk standard pillars:
- Employee Conduct
- Corporate Conduct
- Market Conduct
- Conduct Towards our Customers
- Risk Appetite and Business Quality: Set a clear risk appetite and ensure business is conducted within it. Risk appetite should include credit risk, conduct risk, operational risk management, market risk management, reputational risk, compliance, AML/KYC and business continuity management
- Operating Disciplines and Controls:Establish and maintain operations, controls, risk assessments and assurance programmes, monitoring of risk and controls to identify, assess and manage any material risks which may arise. Assess the quality of the control environment of [insert business name] on a semi-annual basis through the Control Environment Certification process
- Risk Culture: Set the tone from the top by promoting appropriate business and risk aware behaviours and requiring compliance with all statutory and regulatory requirements and RBS Group policiesBusiness Continuity: Ensure adequate Business Continuity plans are maintained and tested for M & IB Operation and lead/co-ordinatd for various department.
Roles & Responsibilities:
- The role requires understanding of Market products, preparing various MIS on market products / bring efficiency in the process through use MS access/ utility tool/ supporting on going market driven projects.
- The role also requires Technical knowledge on FX products and process in Indian market.
- The role needs to be solution driven mindset, must have the attitude to provide solution to business & bring solution for the department. The person needs the correct attitude, willingness to learn andunderstand local regulations to guide Front office and clients with right solution without compromising bank's interest
- The person needs the correct attitude, aptitude to learn more, sound knowledge and understanding of local regulations to guide Front office and clients with right solution without compromising bank's interest
- A positive team player who can implement and ensure the needed control surrounding the products as the product is highly manually processed. There is a high level of potential risk of regulatory breach and P&L impact if the controls are not adequate.
- Considering changing Indian regulation and its immediate implementation need, the person expected to put in place such changes quickly, adeptly and in correct manner.
- The role is critical and has high focus on process re-engineering so as to bring overall efficiency for the team
- The person also expected to be a good team player/ leader to motivate and take the team to a new level.
This is Fx interbank / Corporate desk of Treasury/Market operation. Key activities in the unit include:
- Reconciliation: To ensure that all Intersystem, Sundry / Suspense, Off B/S accounts reconciliations are completed and Ageing & Open Items are within the threshold limit.
- MIS to Regulators: MIS methodology changes time to time depending on regulations. Person is expected to be quick enough to understand the new regulation and translate the regulation into process.
- MIS to Internal Stakeholders: To ensure that all MIS / Cash flows / Projections sent to Business / Other Stakeholders within the agreed timelines and also to manage the expectations of stake holders with new MIS.
- Other activities: Regulators / Quasi Regulators / Auditors, Managing Queries from Business, Projects, Other Stakeholders.
- Documentation: To ensure that all the documents due within the threshold ageing in possession and ensure that all the Issues on Documents, Limits, etc been escalated to the right forum.
- Record Management as per regulatory norms
The Competencies
Experience:
Essential
- Business & Technical Knowledge :
- Previous banking experience with 6 to 8 years in Treasury Back Office processing of Derivative Products with dedicated experience in Forward Contracts processing and documentation relating to Past performance and Underlying.
- An understanding of operational workflows in particular Front-to-Back processing, from booking of trade through to back office processing with respect to processing settlements, documentations & reconciliations.
- Micro Soft excel knowledge
- An understanding of Treasury Products
- Regulatory Knowledge
- Knowledge of various guidelines issued by regulatory & quasi – regulatory authorities for FX Forward Contracts Processing Unit.
- Time Management and stress management skill
- Multitasking and people oriented
Desirable:
- Excellent attention to details and organizational skills
- Time management
- Experience of maintaining high standards particularly when working under pressure to tight deadlines and ability and attitude to excel.
Technical Capabilities:
Essential:
- Experience in MIS preparation
- Strong understanding to MS Access/ Excel/ Macros, should able to demonstrate with examples the deliveries.
- Experience in preparation of Power Point Presentation.
- Participation in Operation Projects
- Multi tasking capabilities.
- Very Good communications & written skills.
- Have good Risk & Control prospective.
Desirable:
- Experience of 5 years in Treasury Department with respect to processing, settlements, documentations & reconciliations .
- Continuous Upgrade of skill relating to internal and external regulatory framework and ensure adherence to regulatory guidelines by RBI, FEDAI, Tax Authorities
- Good Team Player.
Qualifications:
Essential:
Post Graduation in Finance or Operation or Chartered Accountant
Desirable:
Post Graduation, MCA
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