Role Responsibilities
Job Summary
· We are looking for a dynamic and experienced individual to lead the Sub-Advisor and Customised Solutions team, which is part of the Group Advisory and Managed Investments team (Wealth Management) within Standard Chartered bank.
· Group Advisory and Managed Investments team covers Funds, Alternative Investments and ETFs and owns the approval process for these products across the retail and private bank segments
This role is to:
· Lead the Signature Securities Portfolios (SSP) - a set of portfolios of individual securities, actively managed based on model portfolios by select third-party sub-advisors
· Lead the SC Funds umbrella – a range of white label mutual funds managed by third-party sub-investment managers and distributed exclusively by Standard Chartered Bank
· Develop and manage end-to-end a competitive private market co-investment platform giving our private bank clients access to single deals globally
Responsibilities
Product Management
· Maintain oversight on third-party managers in the portfolios, carrying out ongoing performance monitoring and due-diligence work
· Work closely with the bank’s fund selection team – to ensure optimal process alignment, and monitor and select the best third-party managers globally, both traditional and alternative, to distribute to our clients
· Evaluation, and implementation direct investing opportunities for co-investment platform across asset classes (i.e. private equity, private credit, real assets)
· Active engagement of general partners to facilitate client access to deals through co-investment platform.
· Maximising the success of existing solutions and identifying and growing new large-scale opportunities
· Identifying future commercial success ideas and working with key stakeholders to ‘make things happen’
Governance
· Day-to-day portfolio monitoring of third-party single securities mandates and white label funds
· Working in conjunction with our third-party managers to ensure client portfolios are in line with mandates/ objectives
· Performance attribution and monitoring
· Close collaboration with our Middle/ Back Office/ Compliance business functions
· Deep understanding of how operations link to front office and take ownership for linking these functions and ensuring the processes run smoothly.
· ‘End-to-end ownership’ of the process from front office to back/ middle office functions
· Dealing with compliance and regulatory issues
· Working with key stakeholders to design robust, efficient processes
· Prepare materials for key governance meetings
Client Focus - Sales & Marketing Support
· Communicate effectively the merits of our market leading propositions to our client teams
· Manage and develop internal and externally approved marketing collaterals
· Support client pitches and portfolio reviews as required, including profile and pitch book updates
· Lead and coordinate the sales and marketing effort across distribution segments for SC Funds launches
· Support of our private bank frontline to engage clients about our private market co-investment platform
· A strong commercial mindset , with a drive to grow the business, is key
Risk Management
· Embed a risk culture that support the Bank’s strategy and philosophy for the management of risk and may be called upon to define risk policy within scope of responsibility
· Ensure that effective arrangements are in place within WM in the region for the prevention of money laundering in line with the Group Policy and Standards, respective country regulatory guidelines and local legal requirements. In particular, ensure that the obligations on reporting suspicious activities are met.
· Ensure that Risk Management matters that are brought to the job holder’s attention are subject to direct remedial action and/or ensure adequate reporting to the relevant Risk Committees.
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
· Affluent and Wealth management leadership
· Risk, Compliance, Operations, Legal teams
· Function Heads and dedicated functional partners
· External regulatory bodies and commercial/third-party entities
Other Responsibilities
· Embed Here for good and Group’s brand and values in Singapore/Wealth Management/Group Managed Investments; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats)
Our ideal candidate
· 10+ years focused experienced in third-party managers selection with the relevant experience for both traditional and alternative investment strategies
· Extensive experience in dealing with private assets (private equity, private credit, real assets) from a structuring, due diligence, and selection point of view
· Knowledge of, and aptitude to deal with, operational complexities of separately managed accounts, single securities mandates, mutual funds and alternative investment structures
· Prior client facing experience in a private bank is required
· Undergraduate degree, preferably with an Economics/Finance background
· CFA, CAIA and other similar qualifications preferred
· Deep understanding of financial markets and investment instruments
· Mandarin language would be advantageous as the scope of the role will be to work on clients from predominantly in the North Asia based market (predominantly Chinese).
· Bachelor’s Degree In Finance, Economics, Or Related Field; Cfa Is An Advantage
Role Specific Competencies
· Third-party Manager selection
· Alternative investment
· Client Facing Experience
· Sales Marketing
· Portfolio Management
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 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
