Head of Financial Resource Management, Africa & Middle East

Job Summary

• To manage and execute Standard Chartered Bank’s (“SCB”) Wealth and Retail Banking (WRB) and Corporate and Institutional Banking (“CIB”) strategy for Financial Resource Management (“FRM”). The role envisages driving financial resource optimisation for capital and liquidity for the designated AME balance sheets across WRB and CIB as well as the Group, with a view to achieve increased return on tangible equity (“RoTE”) for the Bank. Given the structural LCY surplus across AME balance sheets, a substantial proportion of the role's focus will be on driving the WRB agenda across the region, optimising surplus deployment, improving balance sheet productivity, and maximising the value of financial resources.
• Focusing on optimising the balance sheet through engagement across WRB and CIB Business functions and working in close co-ordination with WRB Business Heads, WRB Business Finance, CIB Business Heads as well as the Asset side CPM, the CPM Markets, CPM Transactions Services and WRB, and the CPM distribution team, the mandate is to achieve overall balance sheet and RoTE optimisation, while operating within the regulatory constraints of Group and Legal Entities (LEs). The role will be the CPM voting representative in the designated country Asset & Liability Committees (ALCOs) and the primary faceoff to WRB and CIB business teams across coverage and product, Group/Regional Treasury and Finance for all WRB and CIB balance sheet management matters.

Key Responsibilities

Strategy: WRB and CIB balance sheet resource management

• Engagement with WRB and CIB Business teams across coverage and product on all matters in relation to balance sheet resource allocation and optimisation
• Design and own WRB’s and CIB’s balance sheet resources for the designated balance sheet.
• Contribute towards SCB Group’s and LE financial resource plans whilst driving congruence between the two
• Drive consistent WRB and CIB deposit and pricing strategy across current account & savings account (“CASA”) and client term deposits (“CTDs”).

Business
Plan and forecast
• Own and drive WRB’s and CIB’s forecasting for assets, liabilities and RWA across LEs and Group, while being accountable for the variances and accuracy of the forecast
• Forecast WRB’s and CIB’s impact across key metrics such as LCR, NSFR, CET1 and Leverage ratio and drive business growth whilst meeting metrics across LEs and Group.

Financial resource optimisation

• Optimise WRB and CIB balance sheet across assets, liabilities and capital to improve business competitiveness whilst maximizing the balance sheet capacity within existing regulatory and internal liquidity metrics.
• Working closely with the WRB, TB Cash and Markets businesses in the region, and the CPM product areas managing these globally, drive improvements in quality of WRB and CIB liabilities, to reduce Cost of funds and reduce the contribution to Treasury drag
• Working in close co-ordination with the CPM distribution team, drive diversity in funding sources including structured and contingent funding, as well as reduce the RWA volatility through distribution actions.
• Work closely with the CPM Asset/ Coverage teams to drive RWA and liquidity consumption efficiencies across key balance sheets to maximise Group RoTE.
• Work closely with the CPM WRB team to drive optimisation of the liabilities across CIB and WRB at country level to improve Group ROTE outcomes.
• Through a combination of above, drive reduction of Central & Others (“C&O”) drag attributed to WRB and CIB.
• Promote alignment of global priorities (segment / product / function) with local balance sheet realities (regions/countries), raising awareness and understanding through pro-active, insightful engagement.

Stress Testing and Modelling capabilities

• Key WRB and CIB representative for liquidity stress testing at Group and LE levels for assumptions and review of outputs
• Contribute towards developing advanced balance sheet modelling capabilities for key LEs in conjunction with Treasury and Finance

Processes
Oversight and Process Simplification
• CPM voting member at Asset and Liability Committees (“ALCOs”) for the designated balance sheets.
• Key WRB and CIB representative for AME for all local/Group FTP and balance sheet optimisation conversations with Treasury/Finance
• Own and manage the global booking model process for WRB and CIB banking Book, including the transaction clearance and booking in the LE. Continuously streamline the booking process to make it more efficient. Drive better co-ordination and optimal utilisation of liquidity and capital across key booking centres and build inter-operability of booking across key balance sheets

People & Talent

• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations for FRM and work in collaboration with risk and control partners.
• Lead and reinforce strategic change and develop organization alignment geared towards the overall strategic direction of Group RoTE maximisation to enable effective business performance.
• Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles, ensuring they have effective supervision in place to mitigate any risk.

Risk Management

• Ensure compliance with the highest standards of regulatory conduct and compliance standards and practices as defined by internal and external requirements.
• Ensure any audit and compliance issues relating to FRM are resolved in a timely manner.
• Ensure that Risk Management matters that are brought to the job-holder’s attention are subject to direct remedial action and/or escalated, where appropriate to relevant risk committees.

Governance

• Responsible for assessing the effectiveness of the Group’s arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas
• Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role; and
• Responsible for delivering ‘effective governance’; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner.

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 CPM FRM team 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.
• Encourage a “no blame” culture within the team and a “lessons learnt” approach to highlighting areas for improvement. Recognise openly the good conduct demonstrated within the team.

Key Stakeholders

• External Stakeholders: Industry Bodies, Regulators, Banks, Ratings Agencies, Institutional and Private Investors, External Lawyers and Accountants.
• Internal Stakeholders: CEOs, Cluster /Country CEO, WRB Business Heads, WRB Business Finance, Global Banking and Product Heads, Cluster / Country Heads of Banking and Product, CFO-CIB as well as Cluster and Country CFOs, Group Treasurer and Treasury MT, Country Treasury Markets teams, COOs of CIB, Banking and Products, Risk Management teams including CRO/CCOs, Portfolio Risk/Risk Reporting teams; and Balance sheet management teams, Legal and Compliance Heads.

Skills and Experience

• Liquidity Management
• Financial products and markets
• Capital Management
• Financial Forecasting and modeling
• Effective Communications

Qualifications

• Graduate qualifications
• 15+ years of relevant experience in the banking and financial services industry, including relevant experience in Business function, Treasury, Balance Sheet Optimisation. Strong experience in WRB is preferred.

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 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
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What We Offer

• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions, and geographies.
• 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 leave, parental/maternity (20 weeks), sabbatical (12 months 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 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.

Recruitment Assessments

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