This role could be based in Singapore and Malaysia. When you start the application process you will be presented with a drop down menu showing all countries, Please ensure that you select a country where the role is based.
JOB SUMMARY
- Treasury CRO acts as the 2LoD to the Treasury function and performs a Risk advisory, review and challenge and risk oversight role across Capital, Liquidity, and Interest Rate Risk in the Banking Book, Recovery & Resolution, Intragroup Credit and Enterprise/Asia Stress Testing providing recommendations to key Committees and Senior Management, where relevant.
- The function partners with the 1LoD to provide a better risk outcome and optimisation of the balance sheet whilst at the same time provide a strong 2LoD with independent objective recommendations and in line with regulatory feedback / expectations in strengthening risk management and resilience for the Group balance sheet.
- The function covers the following risk types as they pertain to Treasury related activity: Capital, Liquidity, IRRBB, Intragroup Funding, Treasury Market Risk, Recovery & Resolution and Stress Testing / Reverse Stress Testing. The function provides oversight on limit setting, monitoring, and breach escalation, as well as performs bi-annual reviews of limits.
RESPONSIBILITIES
· A core part of the role relates to performing review and challenge of areas, such as
Structural Hedging
Recovery & Resolution Planning,
Hold-to-Collect Framework,
PV01 and CR01 Exposures,
Intragroup Lending Limits,
Collateral Management,
Capital Management and Shareholder Buy-back Assessments,
Funds Transfer Pricing Policies,
Stress testing assumptions (ICAAP, ILAAP, SRS), and
Corporate Planning Exercise.
- Key objective to translate reviews into strategy recommendations into strategic corporate plan changes (Capital, Funding, Net Interest Income) and operational plans.
- This role will report into the Head, TCRO SG Hub and will involve supporting the hub countries such as Singapore, Malaysia, Thailand, and Vietnam via Asset-Liability (ALCO) Committees and day-to-day interaction with the CFO, Treasury, CRO, and the Segments (CIB/WRB).
- This role will get direct access to the Country (Malaysia) Asset-Liability Committees (ALCOs) and will link in key initiatives that have been rolled by the Treasury Risk CRO office. In doing so, the expectation is that this role will also help mitigate challenges related to Treasury Risks highlighted in the Country ALCOs and provide guidance on key strategic and regulatory areas such as Internal Capital Adequacy Assessment Process (ICAAP) and Internal Liquidity Adequacy Assessment Process (ILAAP) exercises.
- Perform as a ‘best in class’ CRO function with the skills and expertise to deal with and challenge technical areas across the Treasury business lines and products.
- Spot opportunities to improve and contribute to synergies across the Risk Function covering Treasury Risk, Capital, Market Risk, Credit Risk, Traded Market Risk, Model Validation, and Stress Testing.
- Develop, implement, and maintain a strong challenge process in a constructive way in the functioning of Treasury Markets, Liquidity Risk, Interest Rate Risk and Capital Management across the SCB footprints and at the Group / Solo level
- Experience of working within Regulatory projects ideally in relation to Capital and Basel regulations.
- Take personal responsibility for understanding the risk and compliance requirements of my role. Understand and comply with applicable laws and regulations, the Groups policies, procedures and the Group Code of Conduct.
- Effectively identify, escalate, mitigate and resolve risk and compliance matters. Contribute to a culture in which all stakeholders feel safe to raise concerns and where risk and compliance matters are addressed, and misconduct appropriately dealt with.
- Ensure that Project risks are accurately captured and tracked with mitigation plans identified.
Key Stakeholders
Internal:
- Members of Country ALCO (CEO, CFO, CRO, Treasury, CIB, and WRB).
- Senior members of Risk, Finance, CIB and WRB businesses.
- Senior members of GCFO Change and Functions Technology.
- Strong communication skills and ability to provide updates on progress to a variety of stakeholders
- Internal & external Audit.
External:
- Banking Regulators, on a case-by-case basis.
- Group’s external auditors.
SKILLS AND EXPERIENCE
Our Ideal Candidate
· 5+ years of experience in Banking preferably in Risk Management, Finance and/or Treasury (not mandatory)
· Discipline & Follow-up tenacity
· Analytical and Problem Solving
· Adept at accurately summarizing, categorising, spotting trends in numbers
· High levels of personal accountability and proactive initiative taking, together with a pragmatic, customer-focused approach
· Outcome focussed with excellent problem-solving abilities whilst exercising good judgement
Role Specific Technical Competencies
- Excel/ Power Point
- Analytical Skills
- Ability to read financial statements.
- Liquidity, capital and market Risks
- Recovery and Resolution planning
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
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 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.
Visit our careers website www.sc.com/careers
