Job Summary
The Financing & Securities Services (FSS) business has a unique footprint in Asia, Middle East, and Africa, and offers a growing range of products, including direct custody, international custody, funds services, trustee services, transfer agency, prime services, and agency securities lending, to several client sectors including banks, investors, intermediaries, sovereigns, fund managers insurance companies and corporates.
The jobholder is part of the Global Funds & Fiduciary products team, responsible for (i) enabling a competitive product suite that will grow and retain the existing book of business; (ii) developing new products and services to respond to market changes and generate new revenue streams and (iii) to ensure those are done within a controlled and compliant environment. The team is also responsible for the end-to-end proposition to clients, specifically Investors/Insurance, and in line with the target operating and technical delivery model of the Bank.
Core Funds & Fiduciary products are:
· Fund administration and accounting services
· Transfer Agency and Performance Measurement services
· Middle Office services
· Trustee & Fiduciary services
The jobholder will be required to:
· Work collaboratively with members of the FSS, Financial Markets (FM), and Client Coverage (CC) to ensure cross-product, cross-business opportunities are realised
· Work collaboratively with support functions (operations, technology, etc) ensuring products and solutions are developed and delivered as per plan and are pervasive
· Create visibility for FSS through participation in conferences and industry events
Key Responsibilities
Strategy
· Contributes to the formulation or realignment of strategy for the business
· Captures these developments in order to further contribute to the strategic outlook and delivery in line with enhanced requirements
· Identifies and propose new initiatives to global product head for investment approvals
· Ensure annual plans are in line with the strategic intent and client requirements
· Work closely with Custody & Clearing team to ensure alignment and efficient delivery of the overall securities services offering
· Ensures the fund and fiduciary products and solutions can be delivered in an efficient, scalable, and sustainable business an operating model
· Awareness of market trends, regulatory changes, digital and data innovation developments, and capitalizing on these where applicable in alignment with FSS strategy
· Thoughts-leadership on digitization and use of DLT in our product solutions
Business
· Provide product solutions & support to new geographies, complex deals or RFPs
· Understand intricacies of global Fund services global business, its scalability, automaton and commercial viability
Processes
· Responsible for end-to-end client proposition ensuring (i) alignment to strategy, and target operating model, and (ii) commercially viable for both clients and the Bank
· Improves on product commercial metrics including productivity metrics, ensuring improvements to overall products CIR/RoTE
· Partners with FM Operations and Technology to (i) transform, design and implement scalable, automated, and commercially viable operating model for the business, capable of adaptation to satisfy changing business and regulatory requirements; (ii) remediate identified areas
· Co-ordinates global product activity to minimise overlap and maximise sharing and re-use of solutions an ensuring pervasiveness of products across regions/countries
· Manages relationships with functions such as Risk, Credit, Compliance, Legal, Finance as they impact the evolution of the FSS product suite
· Support sales in identifying opportunities and executing sales plan for Investor/Insurance segment
Skills and Experience
Risk Management
· Takes responsibility for identifying, assessing, monitoring, controlling and mitigating risks to the Group. Also, an awareness and understanding of the main risks facing the Group and the role the individual and the team play in managing them.
· Ensures all regulatory and compliance initiatives surrounding the product are identified, socialised and closed out in a timely and efficient fashion.
· Oversees consistent treatment and management of risks for fund and fiduciary products
Governance
· Maintains all appropriate products and governance documentation and approvals.
· Ensures compliance of the product suite with all regulatory and internal control requirements.
· Maintains awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
· Ensures the sales process, commercials, and necessary governance are in place to govern the roll-out of the product.
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
- Accountable for senior stakeholder management within the client groups; developing strong partnerships, proactive discovery of upcoming projects that impact the regional spend, while creating value by influencing stakeholders to make decisions when considering the wider business.
- Key stakeholder interactions are with Business/Function Heads in the region and countries.
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 experience in the financial services sector with good understanding of fund services products and operations, and middle office services. Practitioner in the fund services industry with in-depth experience in Asset Management, Fund Administrator or Custodian
· Demonstrate strong knowledge of the securities market especially for Asia and Africa/Middle East markets
· Deep local market knowledge & client buying behaviors
· Experience in executing product strategies
· Market profile and credibility with clients
· Excellent communicator and presenter
· Results oriented, transformational mindset, energetic and dynamic
· Highly organised and able to work effectively in a matrix organisation
Role Specific Technical Competencies
- Planning: Tactical, Strategic
- Analytical Thinking
- Business Performance Management
- Industry Knowledge
- Marketing Strategy and Positioning
- Product Design and Development
- Securities Laws and Regulations
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
