To develop payment service products and position the processing centre as a revenue generator.
Meet the departmental operation budget by ensuring that the cost of providing services is tracked and controlled in relation to the budgets set for these activities. Always look for ways and means to control cost per transaction and that includes monitoring cost on courier, communication, and other misc. expenses.
Business
Avoid revenue leakage and ensure that there are no debits to P&L Accounts without appropriate authority
Ensure there is no revenue leakage in respect of tariff to payment instructions.
To provide high quality service to our stakeholders and customers.
To develop key working relationships with internal customers and support units etc.
To achieve set targets in terms of Service standard for customer transactions
To provide advisory service to large corporate customers in the UAE and other customers on best methods of transferring money to exchange controlled countries
Always Living the values of SCB
Successfully complete projects for which responsible and provide active support wherein contribution is required as a participant / stakeholder.
Processes
Ensure all the transactions handled in CPC are checked and processed for authenticity (as to source, value, SC Star etc) and are disposed of strictly as per remitters instructions.
Ensure that all internal account reconciliation escalations are addressed on a daily basis and correction entries passed where required eg sundry, erroneous, csa accounts etc.
To ensure that any Nostro unreconciled entries escalated are kept to a minimum and are resolved daily.
Ensure that turnaround times in respect of processing various transactions are met on a constant basis as per agreed SLA with respective units
Ensure that all enquiries / complaints are resolved within agreed turnaround time
Be aware of all policies and procedures for CMO processing and products
Develop good knowledge and understanding of the Group\xe2\x80\x99s CMS policy and other bank procedures
Act as custodian for Bank keys as and when required.
Act as a bulk stock custodian as and when required.
Act as backup for the other supervisory desks.
Ensure all cheques, including returned items (RCMS Clearing Cheques, Inward collection, Outward Collection, In House cheques, PDCs and PDCDs) received into CMO are checked for authenticity and are processed as per customer\xe2\x80\x99s instructions.
Ensure that PDC cheques are accurately warehoused and lodged into clearing in a timely manner.
To ensure a robust reconciliation of all sorts of instruments received and processed.
To develop cash management products and position the processing centre as a revenue generator.
Avoid revenue leakage and ensure that there are no debits to P and L accounts without appropriate authority
Ensure there is no revenue leakage in respect of tariff to payment instructions (including collections /discounting
People and Talent
Motivate and train staff to ensure performance is optimized. Drive productivity improvement across the department operations where possible
Initiate and drive service improvements across the portfolio as part of the Group\xe2\x80\x99s out serve program.
Risk Management
To ensure that the department gets a satisfactory audit rating in all external / internal reviews
To ensure that all risks and losses related to payment services are identified, documented and registered in Phoenix.
Ensure adherence on an ongoing basis to all requirements of KYC/AML as may be issued from time to time.
Ensure all practices within the unit comply with risk and compliance procedures minimizing any operational loss in respect of all activities. Ensure controls are in place and operational risk is managed across the portfolio according to group policy
Ensure compliance to sanctions, AML, KYC policies periodically given by the group
Governance
Support GSSC from country for all processing related activities (query resolution and other decisions which country needs to take).
Guide GSSC to minimize cost per transaction by ensuring that all messages are accurate and straight through to all correspondents worldwide and as per SC star format.
Support GSSC in obtaining additional information from client where needed, by addressing the mails (referred by GSSC) to relevant businesses.
Regulatory and Business Conduct
Display exemplary conduct and live by the Group\xe2\x80\x99s 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.
Lead the UAE CMO to achieve the outcomes set out in the Bank\xe2\x80\x99s Conduct Principles
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
Internal
Head, Corporate, Institutional, Commercial and Retail Banking
Manager, GBS Gulf Payments, Chennai -India and KL
Manager, Service Quality /Client Experience
Branch Managers
Branch Sales & Service Managers
Teller Service Managers
Corporate Support / Relationship Managers
Support Unit Dept Managers (Finance, Admin, IT,HR)
Treasury Dealers
Other areas of Operations and Technology
External
Existing Customers
Prospective Customers
Other Bank Remittance officials
Our Ideal Candidate
Role Specific Competencies
Payments Knowledge
SWIFT
Operational Risk
About Standard Chartered
We\'re an international bank, nimble enough to act, big enough for impact. For more than 160 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
Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
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, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
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.
Recruitment assessments - 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.