The Role Responsibilities
Strategy
Treasury Markets (TM) balances the supply & demand of Liquidity & Capital to create sustainable value. Treasury Markets is the first line of defence responsible for managing the short-term liquidity position of the Bank.
Treasury Markets’ mandates are:
· Optimise Group ROTE through RORWA
· Manage liquidity
· Manage interest rate risk
· Provide solutions to partners
Treasury Markets Global Liquidity Management (TMLM) initiates and supports formulation and delivery of the group’s liquidity management mandate.
Business
· Manage the Bank’s liquidity agenda, balancing long-term liquidity planning with day-to-day management
· Manage the Group’s adherence to liquidity demands as set by the Prudential Regulatory Authority (PRA), and any internal requirements (in line with Board Risk Appetite)
· Generate liquidity through approved products
· Drive liquidity management best practice across Group/Solo and the regions
· Provide inputs in optimising HQLA holding
· Drive ROTE by utilising any surplus metrics capacity
· Work with TM desks globally to optimise liquidity surplus and identify cross-border P+L opportunities
· Work closely with other Treasury areas to ensure that the short-term and long-term liquidity and liability strategies are well understood across the entire Treasury team. This includes (but is not limited to) supporting, challenging, consulting, and from time-to-time contributing to the Individual Liquidity Adequacy Assessment Plan (ILAAP), the Liquidity Supervisory Review and Evaluation Process (L-SREP), or any other internal or external disclosure where Treasury Markets input is required
· Challenge the status quo and keep abreast of liquidity developments and liquidity risk management practices across the markets
· Manage global liquidity in the event of a market or idiosyncratic stress, co-ordinating across businesses and countries, while ensuring communication with senior management is clear and timely
· Partner with Treasury Modelling and Platforms as a thought-leader for system/MI development in order to aid the development of standardised, streamlined and automated operating workflows
· Communicate to senior management and (where necessary) to regulators regarding the bank’s liquidity position, conveying complex information clearly and simply
· Drive global flow of liquidity across intragroup funding needs as well as help cross-border asset transfers in order to ensure optimal alignment to the GALCO agenda
· Maintain the Group’s inventory of central bank facilities, and assist/track access to facilities in stress
· Act as a key point of contact for Group stress testing matters relating to TM, including contributing to annual exercises such as ICAAP, BoE, the Group Recovery Plan and Resolution fire drills as the analyst for TM management actions, and opine on scenario assumptions on the TM balance sheet
· Manage the Group’s collateral position, and work with FM and the CMU to ensure that collateral is deployed optimally to maximise returns and metric efficiency
· Work with Business partners to provide Treasury expertise in new and existing securitisation initiatives
· Educate stakeholders across Treasury and the Businesses on both the changing liquidity regulatory landscape and on the general liquidity conditions of the bank, working across boundaries to ensure that information and ideas flow freely, and collaborating with key stakeholders on liquidity initiatives wherever possible
· Bring clarity to complex information, either by directly creating Management Information (MI), or influencing the development of such MI by championing and cultivating practical creativity across Treasury.
Processes
· Development of liquidity monitoring & planning, as well as modelling capability (including forecasting) of Group/Solo. Support such activities in other Regions as needed
· Maintain the forecasting process of future liquidity needs and modelling of balance sheet trajectory in accordance with planned growth, campaigns and market conditions
· Understand the true liquidity value when accounting for both spot & contingent funding costs (using internal & external stress testing output)
· Support development of new tools and reports to meet specific needs of Treasury Markets
· Provide immediate assistance in the event of a liquidity crisis and/or fire-drill scenario by collaborating and co-ordinating actions across first and second lines, leveraging the crisis reporting tools to enable effective decision making
· Coordinate with FM, TB and TM to deliver the Client Liability Management agenda
People & Talent
· Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the team and work in collaboration with risk and control partners
· Champion and role model the valued behaviours and help others to learn from mistakes
Risk Management
· Ensure a full understanding of the risk and control environment in which the business operates and ensure business developments are rolled out across all centres on a best-for-Bank basis
· Manage the Group’s balance sheet and liquidity to within agreed limits. Ensure that a robust liquidity position is maintained and that any surplus liquidity is deployed prudently in line with the Bank’s objectives
· Adhere to Group and Business policies, procedures, standards and codes, including those governing all Risk types, Compliance, Technology and Operations, Finance and Reputation
· Proactively advise and monitor all major risk issues and concentrations. Where appropriate, direct remedial action and/or ensure adequate reporting to Risk and other stakeholders
Governance
· Take personal responsibility for understanding the risk and compliance requirements of the role. Understand and comply with, in letter and spirit, all applicable laws and regulations, including those governing anti-money laundering, terrorist financing and sanctions; the Group’s policies and procedures; and the Group Code of Conduct. Effectively and collaboratively identify, escalate, mitigate and resolve risk and compliance matters
· Embed the Group’s values and code of conduct to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees form part of the culture
· Enforce a culture of risk management, control and governance, and support Treasury Markets teams to comply with the risk management processes in place
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
· Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters
Key stakeholders
· Treasury Markets
· Country Finance
· Treasury Finance
· Treasury Product Control
· Risk
· Other Treasury functions
· Compliance
· Business Stakeholders
· CEOs, CFOs, COOs, ITOs
Other Responsibilities
· Embed Here for good and Group’s brand and values in Singapore Treasury Liquidity Management.
· Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
Our Ideal Candidate
· Academic or Professional Education/Qualifications; degree holder preferred
· 5+ years of detailed knowledge and experience in financial modelling
· Has fluency of liquidity management regulations
· Strong project management capabilities, and experience in leading global projects along with multiple group functions (i.e. Risk, Finance, Ops, Technology)
· A broad understanding of banking products, their control environment and accounting treatments, and familiar with the banking practices and regulatory environment for countries in which SCB operates
· Good knowledge of and experience in management of bank balance sheet drivers, activity drivers and interaction between business units
· Worked within a heavily regulated environment (awareness of PRA Prudential Source Book or equivalent)
· Proven ability to work in a multicultural / international environment
· Strong communication, interpersonal and presentational skills
· Resilient and enthusiastic; a change driver who challenges the status quo in a creative manner
· Ability to work well under pressure
Role Specific Technical Competencies
· Risk Management – Market, Liquidity
· Financial Balance Sheet Management
· Financial Yield Curves
· FM Products – Money Markets
· Asset & Liability Management
· Product Knowledge – Securities Lending & Repo Transactions
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.
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