For Recruiters

Receivables Due Diligence Manager

Standard Chartered Bank
Singapore
Posted about 2 hours ago Permanent Competitive
Receivables Due Diligence Manager
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.
Job Purpose
Responsible for initiating and completing the Receivables Due Diligence (RDD) process for existing and proposed new Clients, plus liaising with external vendors who on occasion are also required to complete such reports. The incumbent will need to engage with SC frontline staff, Receivables Services Middle Office (RSMO), GBS and directly with Clients to obtain the necessary information for report completion with a view to maintaining the highest level of RDD output quality.
The role will report initially to the Regional Lead for ASEAN, RSMO. There may be occasional travel required.

The Role Responsibilities
  • Take responsibility for the scheduling, initiation and completion of RDD reports in accordance with the timeframes established by the Business.
  • Conduct the process personally from initial Client contact and data extraction through to report completion and submission to RSMO for sign-off, and then onward to RM.
  • Bring continual improvements by liaising with key stakeholders such as TB Sales, Coverage, TCI/TDMO, Global RDD Lead, Operations, Credit, CRC and GBS teams to ensure synergies across the delivery of the product proposition.
  • Assist Global RDD Lead as necessary to review both in-country and global procedures to optimise process efficiency and achieve minimal TAT.
  • Engage in deal pipeline discussions with RSMO, CCIB sales and RMs to pro-actively manage workload.
  • Provide evidence of completion of renewal reports due for submission for Operational Risk Framework (ORF) checks, or evidence of deferral/waiver from regional Credit approval officer.
  • Provide updates on RDD's falling due for completion to ensure all are on track and prevent any ORF testing exceptions.
  • Participate in monthly Risk Trigger meeting with RSMO, Credit and front office, highlighting any issues or concerns from completion or delay of RDD exercises.
  • Ensure adherence to all internal and external regulations to embed Compliance Risk monitoring as an integral part of the business process.
  • Be responsive and agile in the implementation of changes to RNR, process or deployment of new platforms and functionality.
  • Contribute to process enhancement and increased digitization where possible through pro-active, ongoing review of existing systems and procedures.
  • Be a role model at all times in demonstrating our valued behaviours, and cultivate our RSMO Centre of Excellence behaviour within country.
Role Model
  • Promote a culture of innovation and help to cultivate a 'centre of excellence' across the RSMO population.
  • Engage with stakeholders to ensure success of the RDD process is shared and understood.
  • Continuously seek opportunities for improvement within role, processes, team, and portfolio.
  • Leverage the RDD process to identify business opportunities as well as potential threats.
  • Keep up to date of industry wide methodologies and practices and regulatory requirements.

Our Ideal Candidate
  • 3+ experience in Trade Finance, Credit Management or Accounting/Auditing
Role Specific Technical Competencies
  • Exposure to open account trade with knowledge of receivables funding solutions and the associated risks.
  • Experience in sales ledger/AR data extraction from various accounting software packages preferable.
  • Experience in Receivables/Open Account finance preferable
  • Excellent communications and presentation skills with ability to adjust communication styles depending on type of target audience.
  • Self-motivated individual with ability to engage with a wide variety of stakeholders including senior management.
  • Ability and willingness to think outside the defined exercise to identify both threats to and opportunities for the existing portfolio.


Visit our careers website www.sc.com/careers
Job ID  2200011026
ABOUT COMPANY
United Kingdom, London
85000 Employees Corporate Banking
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 ...
More Jobs From Standard Chartered Bank
Standard Chartered Bank
Specialist, Client Due Diligence
Standard Chartered Bank
Hong Kong
3 days ago Full time Competitive
Standard Chartered Bank
Lending Documentation Specialist
Standard Chartered Bank
Singapore
3 days ago Full time Competitive
Standard Chartered Bank
Executive Resourcing Coordinator
Standard Chartered Bank
Singapore
about 2 hours ago Full time Competitive
Standard Chartered Bank
Associate, IMO Enablement
Standard Chartered Bank
Singapore
2 days ago Full time Competitive
Standard Chartered Bank
Early Careers Manager
Standard Chartered Bank
Singapore
3 days ago Full time Competitive
Standard Chartered Bank
Associate Director, Credit Analysis, GS
Standard Chartered Bank
Singapore
3 days ago Full time Competitive
Standard Chartered Bank
Associate, Client Delivery
Standard Chartered Bank
Singapore
about 2 hours ago Full time Competitive
Standard Chartered Bank
Associate, Client Delivery
Standard Chartered Bank
Singapore
about 2 hours ago Full time Competitive
Standard Chartered Bank
Director, FI Strategic Enablement
Standard Chartered Bank
Singapore
2 days ago Full time Competitive
Standard Chartered Bank
Business Manager, Bancassurance
Standard Chartered Bank
Singapore
2 days ago Full time Competitive
More Jobs Like This
Wells Fargo
Due Diligence Manager
Wells Fargo
Singapore
Credit Suisse
Client Due Diligence Specialist
Credit Suisse
Singapore
Wells Fargo
Due Diligence Consultant
Wells Fargo
Singapore
Wells Fargo
Senior Due Diligence Consultant
Wells Fargo
Singapore
Albourne Partners (Singapore) Pte. Ltd.
Operational Due Diligence Analyst -Singapore
Albourne Partners (Singapore) Pte. Ltd.
Singapore