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Unit Job Code: 1213972

Skill Band: Summer Placement Location: London

Type: Temporary Date Posted: 6 Apr 2022

*** 12 Week Summer Internship*** 2 Positions available within the Central Management Unit.

The Client Management Unit (CMU) is a business enabler, supporting Front Office across the Client Lifecycle, including On-Boarding, KYC and Client referential Data Management. CMU also acts as a first line of defense to protect the Bank against Financial Crime, Bribery and Corruption and Tax evasion. As part of its mandate CMU is responsible for mastering all clients’ operational reference data. This covers confirmation and settlement data (SSIs) as well as instruments set up and maintenance.

This role sits within the Referential Data team and is responsible for ensuring the accurate and timely set up of legal entity static reference data. The function spans all lines of business, supporting the referential data requirements of Global Markets and Commodities for all cash and derivatives’ products marketed by ICBCS.

The candidate must have high levels of attention to detail, be results-focused and be capable of working to deadlines in a high pressured trading environment.

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 front office and the other operations and IT functions.

Key Responsibilities / Accountabilities

  • Timely and accurate set up of reference data across all classes and ICBCS systems.
  • Ensure that all reference data (and supported market data) is accurately maintained on the central data platforms to ensure accuracy and uniformity of published data across separate and distinct systems.
  • Ensure that no financial losses or reporting breaches are incurred by the Bank as a direct result of late update, or incorrect input of reference data.
  • Ensure timely setup of new parties across all internal systems and depositories as appropriate
  • Maintain close communication lines with the Front Office, Operations and other support functions.
  • Respond quickly to run the bank front office requirements as well as any ad hoc requests which may arise
  • 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
  • Provide support to “Change the Bank” teams by participating in the development of business requirements, test scenarios and execution of (user) testing schedules for strategic IT developments
  • 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
  • Ensure that Group Inbox or ticketing platform is managed daily to ensure that all stakeholder requests are responded to in a timely manner
  • Adhere to Operational Risk framework with regard to securing satisfactory Audit results, Archiving Policy, KRIs

Preferred Qualifications and Experience

  • Currently studying towards degree level or recently graduated

About ICBC Standard Bank Plc

ICBC Standard Bank Plc (ICBCS) is 60% owned by Industrial and Commercial Bank of China and 40% by Standard Bank. ICBCS benefits from its unique Chinese and African shareholders and an unrivalled global network and level of expertise. We are a leading financial markets and commodities focused bank, specialising in global markets traded products, with an emphasis on frontier and emerging market jurisdictions spanning Asia, Africa, Central and Eastern Europe, the Middle East and Latin America.

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 additional operations in Singapore and New York, and maintains a commodities sales presence in Shanghai.

In the US ICBC Standard Bank Plc is represented by ICBC Standard Securities Inc. and ICBC Standard Resources (America) Inc. In China, ICBC Standard Bank Plc is represented by ICBC Standard Resources (China) Limited. All are affiliates of ICBC Standard Bank Plc.