Job Summary
· Group FP&A and Treasury have established a new, joint team that centralises resources and team members across Group FP&A and Treasury to enhance our approach to effective Balance Sheet Management. The new Group Balance Sheet Forecasting Centre of Excellence will help us drive both better outcomes, as we seek to deliver sustainable improvements in RoTE, and better ways of working for the benefit of colleagues. The team will be led jointly by Group FP&A and Group Treasury.
· The Group Balance Sheet Forecasting team will be responsible for our liquidity, balance sheet and NIM forecasts, with clear business explanations and insight, and enabling optimisation of financial resource allocation across the Group. We are looking for candidates with a background in finance, treasury, risk or related functions with a passion for balance sheet management and solving business problems.
· A leading role within Group Balance Sheet Forecasting team focused on spearheading Group-wide forecasting activities and providing actionable insights to enable optimisation of financial resource allocation across the Group.
Process and Planning
· Support with the creation of various committee packs such as Board Risk Committee (BRC), Group Performance Review (GPR) and other Group Liquidity, Risk and Balance Sheet forums.
· Drive the creation of balance sheet MI in supporting weekly review of balance sheet moves and latest liquidity and capital metrics, as well as other balance sheet indicators, along with interlocking with metric forecasts.
· Lead engagement and partner with business stakeholders, regional treasurers, and country BSM to ensure ownership of their contribution into the various committees and forums.
· Act as the main point of contact for businesses and regions for all committees and MI’s produced within the team.
· Produce qualitative assessment of Funding & Liquidity for Group, Bank, Pillar 3 and ARA acting as the key point of contact for Investor Relations and Financial Reporting.
· Deliver performance analysis to support key external reporting events including half and full year results and interim management statements.
· Review and challenge the monthly balance sheet forecasts, and lead and direct resources across Finance, Treasury, CIB and WRB Business to implement a framework that ensures timely and accurate balance sheet forecasts.
· Work closely with London and India based FP&A teams to coordinate planning and forecasting deliverables, ad hoc requests and communication with business finance teams.
Key Responsibilities
Governance
· Deep and detailed understanding of the regulatory framework, in which the Group operates, the regulatory requirements and expectations relevant to the role, and keep up to date with changes to the internal frameworks, particularly on liquidity & capital.
· Understanding the trading book and banking book products with their impact to the balance sheet, as well as the sources and uses of funding and requirements that arise from off balance sheet products.
· Detailed understanding of the impact of different products and businesses on the liquidity metrics on the bank.
· Build a close and effective working relationship with the business - Transaction Banking (TB), Financial Markets (FM), FRM (Financial Resource Management, WRB and functions within the Group and countries.
· Ensure Group Treasury and Balance Sheet Management operates in accordance with Group policies and Standards.
People and Talent
· Provide knowledge and support to other team members in various locations to have adequate knowledge on the existing and new processes.
· Collaborate with Treasury as one of the key stakeholders.
Key stakeholders
· Group FP&A
· Business leads in both CIB & WRB
· Treasury Liquidity
· Treasury Capital & RRP
· Treasury Liquidity Modelling & Platforms
· Financial Planning & Analytics
· Treasury CRO & CFO
· Country and Business Finance
· Investor Relations
Our Ideal Candidate
· 8+ years of experience ideally in Treasury / ALM / Liquidity Projections, Analytics or Risk function.
· Good knowledge of funding & liquidity regulations (particularly PRA regulations).
· Good knowledge of the balance sheet and the sources & uses of funding.
· Familiarity with banking book and trading book products and their impact to the balance sheet, as well as funding requirements that arise from off balance sheet positions.
· Working knowledge of Capital Planning, Interest Rate Risk and RWA optimisation.
· Working knowledge of cash flow modelling, liquidity risk, predictive models, trade simulations and Funds Transfer Pricing (FTP) mechanisms.
· Interest in technology and be digitally literate, VBA is the minimum requirement but coding experience (e.g. in R / Python) is a strong plus.
· Ability to understand, define and articulate business requirements in a clear, precise manner (with project management experience is advantageous).
· Experience with dealing with strong stakeholders, both quantitatively and qualitatively when reviewing performance to agreed funding plans.
· Experience with inputting into qualitative papers and presenting a plan, and reasons for deviations to that plan to Executive/Board level.
· Ability to think objectively and commercially to help identify solutions to potential problems or emerging risks on the horizon via funding simulations and contingency planning
· Strong academic record at bachelor or master’s degree level in business, economics, finance, financial engineering or related field from a well-recognized institution
· Excellent communication, power point and excel skills
· Working knowledge of Python, OBIEE (PMI/RMI/MRC), Hyperion
· Proven strategic and analytical skills with a strong appetite for finding facts and offering solutions
· MBA, CFA or FRM or accounting qualification will be considered positively
Role Specific Technical Competencies
· Balance Sheet Management Experience
· Banking product knowledge
· Analytical Skills
· Stakeholder Management Experience
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
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