Standard Chartered Bank Nigeria Job Recruitment

Standard Chartered Bank – 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. As a leading international bank, we strive to help people and businesses prosper across Asia, Africa and the Middle East.

We are recruiting to fill the position below:

Job Title: Specialist, Financial Market Operations

Job ID: 2300008884
Location: Nigeria
Schedule: Full-time
Job: Operations
Employee Status: Permanent

Role Responsibilities

  • The role holder is responsible support to the Product delivery Manager FXMM in the end to end deal processing, settlement and confirmation of all FX and MM deals for in-country Financial Markets Operations.


  • To work closely with Manager Product Delivery FXMM to ensure services delivered are of top quality and that customer’s needs are being attended to according to our service level agreements.
  • To ensure that key business practices and service delivery processes are conducted in compliance with Group and country regulatory guidelines and those risks are identified and managed.
  • To support country FMO head, Product Delivery Manager FXMM to deliver the FM Business strategy as it relates to FXMM.


  • Management of the day to day operations of the desk to align with the business strategy and priorities, monitoring service issues and action plans to rectify it and work with Manager FXMM to improve operational risk environment within the team
  • Ensuring compliance with all Group and Country policies, Code of Conduct and consistency in execution, and to ensure that statutory regulations and laws as a corporate body are met and satisfied.
  • Ensure day to day operating compliance with all relevant local and global regulatory requirements and industry best practice
See also  Rongtai Plastic Ongoing Employment Opportunities


  • Support the Product Delivery Manager-FXMM in the processing of transactions relating to Central Bank of Nigeria FX auctions.
  • Take responsibility for the processing of FX Forward discounting and Unutilised FX sold to the Central bank (including record keepings). This also involve clients are promptly credited upon receipt of refunds from the CBN.
  • Responsible for the daily reconciliation of Central bank of Nigeria No exposure Opics profiles in line with approved process.
  • Work with other managers and officers within FMO to produce weekly and monthly MIS for Nigeria FMO Head.
  • Serve as the first point of contact for all customers queries and complaints for the team. Manage all complaints queries in line with established procedure.
  • Responsible for driving total utilisation of GEMS application within the team.
  • Responsible for ensuring complete, accurate and up to date report of discounted FX forward is maintained for the team.
  • Work with other stakeholders to maintain a complete and up to date schedules of weekly FX sold via the CBN Invisible and SME window.

Risk Management:

  • Demonstrate awareness and understanding of the main risks Financial Market Operations and particularly the job role.
  • Remain alert to the risk of money laundering and assist in the Bank efforts in combating it by adhering to the key principles in relation to: Identifying your customer, knowing your customer, reporting suspicions, safeguarding records and not disclosing suspicions to customers.
  • Ensure any operational incidents (Risk, losses or near misses) identified are escalated promptly.


  • Review trend analysis of performance benchmark standards (straight through processing attainment, query resolution turnaround times etc)
  • Ensuring controls related to FM Operations are applied to daily processes to confirm minimal risk
See also  NPC AD-HOC STAFF RECRUITMENT 2023 APPLICATION. Check Application Status

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.
  • Lead the FMO Nigeria to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct, and compliance matters.

Key Stakeholders:

  • Settlement & Clearing
  • External Validation
  • FM Stakeholders
  • FM front office
  • WMPS
  • UKINV team
  • Finance
  • Local Banks
  • Central Bank of Nigeria

Other Responsibilities:

  • Serve as an alternate to the Product Delivery Manager FXMM in the processing all Money Market transactions including interbank deals.

Our Ideal Candidate:

  • Market Knowledge: – awareness and understanding of the wider business, economic and market environment in which the firm operates. Must be conversant with various regulations that impact financial markets in the location, specifically Central Banks of Nigeria circulars relating to FXMM
  • Risk Management and Control: – ability to identify risks and escalate it. Also, an awareness and understanding of the main risks facing the bank, Financial Markets and the role the individual plays in managing them.
  • This role would require a good Bachelor’s Degree, 3+ years of relevant experience preferably in financial institution and banking Operations
  • Good knowledge of Foreign Exchange and Money Market processes and products

Application Closing Date
11th August, 20233; 4:59:00 AM

See also  Vacancies at Evergreen Protective Services

How to Apply
Interested and qualified candidates should:
Click here to apply online



Job Title: Trade Service Officer

Job ID: 2300014098
Location: Nigeria
Job: Operations
Schedule: Full-time
Employee Status: Permanent

Overall Responsibilities:

  • To assist the Team Lead Ops in managing and overseeing the day-to-day Core Operation team with the aim to achieve:
  • Operational standards / compliance
  • Increased productivity and efficiency
  • Good cost control within the team
  • Good quality control on operational / transactional risks
  • Compliance with regulations relating to Trade
  • Drive and monitor initiatives and activities to improve daily operations in view of accuracy, efficiency and
  • services.
  • Work closely with Trade Product Operation and GBS to standardize, simplify, improve, and streamline process to strive for continuous productivity improvement.
  • Work closely with Trade Client Operation team to continuously drive tier 1 client experience improvements.

Process, Productivity and key responsibility:
by Generic Product Program and Country Product Addendum:

  • Money Laundering Prevention Procedures and report any suspicious activity to the Unit Money Laundering Prevention Officer and Line Manager
  • Sanctions policy & procedures
  • Group Policies / GDOI
  • Legal & Compliance Policies
  • Local Regulations
  • Monitor workflows to ensure all transactions are promptly processed as reflected by the agreed turnaround times for customers by team members who possess the compatible expertise.
  • Counter
  • Pre-processing / Scanning
  • Safekeeping
  • Post-processing & despatch
  • Document endorsements & substitutions.
  • Regulated in Country Processing Activities.

Role Specific Technical Competencies:

  • Business Governance and Support
  • Business facilitation
  • Business Partnering
  • Process Management
  • Manage Change
  • Service Delivery and Operations
  • Products + Processes

Application Closing Date
8th August, 2023; 11:59:00 PM

How to Apply
Interested and qualified candidates should:
Click here to apply online


You May Also Like