JOB SUMMARY
· The Genesis programme aims to transform the Group’s balance sheet forecasting capabilities by designing and implementing a range of new tools and process changes. This exciting new role will have overall ownership for forecasting platforms being developed and will play a key part in ensuring the new tools meet key stakeholder requirements and conform with industry best practice.
· The role holder will be responsible for driving mindset, process and toolset change across a broad range of stakeholders which will enable the Group to forecast more accurately and manage the balance sheet more effectively to optimise shareholder returns.
Strategy
· Demonstrate a strong understanding of the various business drivers influencing balance sheet across the network and translate it into a well-defined product strategy improving forecasting capabilities
· Drive clarity and consensus for the technical objectives, scope, and prioritisation of this initiative, involving ultimately obtaining and maintaining sponsorship from the GCFO Management Team
· Partner with Treasury, GFP&A & Business Finance leadership to establish a shared vision, objectives and milestones to deliver a global and shared platform for balance sheet modelling and forecasting
· Benchmark the Group’s current capability against industry best practice and track progress over time
· Ensure new toolset is well integrated with broader model strategy across GCFO and other Group Functions
Business Product Design and Ownership
· Demonstrate a strong understanding of Financial and business drivers at a Group, Business & Country level and an ability to translate this understanding into forecasting tool requirements
· Own the design and execution of a Global Standardised Balance Sheet Forecasting modelling capability, bringing together business and geography related requirements, working collaboratively with key stakeholders across the network such as Business finance leads, Treasury & Group FP&A
· Establish clarity around outcomes that will be delivered through the modelling platforms aligned to various use cases across Treasury, FP&A including integration into Corporate plan and outlook processes
· Influence design of Corporate Planning and Forecasting processes to incorporate greater use of driver-based modelling and simulations over time
· Establish product design principles that will be used to drive agility on changes ensuring alignment to broader and more strategic considerations of how the toolsets and processes will evolve to support the business
· Own the build & maintain operating model for the product integrated with the standard processes being delivered through these capabilities
· Co-steer with the TOM owner the adoption to BAU and operating model changes including switch off of old processes and associated tools
· Own the benefit tracking
· Help to remove impediments and streamline our delivery structure
Processes Governance and Control
· Drive excellence in model risk and governance throughout the platform and the teams using it
· Establish a control and review framework for all key processes developed, ensuring compliance with Group Control Governance & End User Computing policies
· Ensure modelling capabilities are regularly benchmarked against industry best practice and driving action plans to achieve best in class
· Lead a continuous improvement mindset across the topic, enabling Finance practitioners to leverage the new tools and processes established to improve processes and outcomes
· Define / update relevant policies and guidelines pertaining to forecasting tools
· Control over all use cases of the platform and process to ensure appropriate adherence to relevant compliance requirements. Establish documented handshake where required on regulatory support use cases and strengthen underlying quality and control aspects of the process
People & Talent
· Be the evangelist for Balance Sheet Forecasting within Group Finance, helping people understand the importance, relevance, business impact and career opportunities that success in this field generates
· Establish a strong network and virtual team within each GCFO area, creating & leading a community of practice
· Driving a culture of excellence where people turn up to work feeling empowered to make a difference and motivated and enabled to establish and achieve meaningful and impactful career growth plans
· Be a key voice within the Group FP&A, Treasury COO and Plan to Perform leadership teams
· Provide a cohesive vision and clear purpose to the GENESIS delivery hive
· Work with the TOM partner to define a training plan when required
Risk Management
· Ensure understanding and full compliance with all risk management requirements
· Drive a culture of controls evidence and challenge, ensuring clear process and controls regarding data lineage and modelling assumptions
· Understand and articulate the underlying assumptions and risks embedded into the forecasting methodologies deployed and ensure compliance with all relevant governance requirements
· Understand the potential external risk of inaccuracy / unclear forecasting and establish control, education and remediation mechanisms to mitigate this risk
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
· Group Treasury Management Team
· Group Finance Leadership Forum
· Business & Country CFOs
· Business & Country Balance Sheet Management teams / ALCO teams
· Key business colleagues including FRM, CPM
· Other members of Group FP&A and Capital teams
Other Responsibilities
· Embed Here for good and Group’s brand and values, Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats)
Our Ideal Candidate
· 10+ years of financial services experience
· Education: Bachelor’s degree in accountancy preferred
· Training: Accountancy qualifications not essential but preferred
Role Specific Technical Competencies
· Trend analysis on drivers, margins and returns.
· Financial Planning & Analysis skills such as budgeting, monthly forecast and
· presentation decks
· Ability to use financial data to perform analysis and provide insights to business and CFOs
· Business Analysis including requirements gathering/elicitation, process mapping and results testing and explain
· Treasury & financial modeling
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.
Visit our careers website www.sc.com/careers
