Job Summary
The Director, SME Finance role is responsible to support CFO, Personal & SME Banking in formulating & executing ideas, providing analytics and commercial insights, and driving financials performance management that advance the strategic and financial decisions facing the Global Head of SME.
This includes partnering with the Global SME leadership team, Country / Regional SME Heads to establish a strong financial performance framework, provide independent inputs to commercial decisions, understanding & advising on internal & external business trends, and actively engaging in forward looking financial scenarios/ outlook & 5-year corporate plan/budget.
The role also works closely with broader Finance teams – Group/Regional/Country in aligning SME performance management MIS, storyboarding, accounting and treasury matters.
Strategy
• Provide support to Group SME heads to formulate various business strategies and ensure efficient deployment of resources and capital.
• Providing insights to SME MT on relevant internal and external trends and giving early insights into impact to strategy
• Tracking progress and results of initiatives and proactively engaging stakeholders to ensure that the SME business remains on course of profitability and growth
• Review and challenge strategic options and actions from Commercial lens to drive returns of SME segment.
Key Responsibilities
Business & Processes
• Monthly tracking of consolidated SME financials, providing insights into variance vs. budget as well as understanding financial performance trends
• Engaging SME MT on monthly performance trends, with insights on performance gaps and improvement opportunities
• Track balance sheet momentum against income performance, highlighting to MT areas of opportunity and a foresight to risk
• Monthly tracking of segment costs, ensuring accuracy of allocated costs to segment and identifying opportunities for cost efficiency and discussing these with MT
• Monthly tracking of detailed Product level financials, providing insights to SME MT on margin performance & other KPIs
• Ensuring full support to SME Global heads throughout the entire Corporate Plan and Budget processes
• Providing financial forecast including key drivers and metrics by incorporating business initiatives, macro-economic factors and operational/strategic priorities
• Provide ad-hoc support to business initiatives including projects, reviews, and presentations
• Ad-hoc analysis to drive product profitability and returns as and when required
• Tracking of CPs and budgets as process unfolds to ensure alignment with regions
• Provide guidance on set up of infrastructure, such as new product, segmentation, partnerships.
• Support broader Finance deliverables by coordinating between central finance and business
• Actively participate in all country reviews and regular momentum meetings to ensure actions are being taken to drive financial performance and execute strategic imperatives.
• Provide financial inputs & commercial insights into investments prioritization
• Prepare senior level financial presentations, dashboard to succinctly highlight key trends, risk/opportunities, decisions to be made.
Risk Management
• Coordinate regular review with Risk on SME portfolios to ensure appropriate risk-return pricing and capital deployment across all countries / products
• Review Risk Weighted Asset (RWA) performance vis-à-vis balance sheet growth and returns for SME across all countries / products / sub-segments.
• Demonstrate proficiency in interpreting financial information, particularly in balance sheet forecasting and financial performance analysis, proactively identifying potential risks to the Group’s return and liquidity metrics.
• Ensure forward looking scenario analysis tools adhere to stringent controls and governance standards.
Governance
• Ensure correct accounting and reporting standards are applied to SME business across all markets
• Facilitate review of country practices against Group accounting standard.
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
• Chief Financial Officer, Personal & SME
• Global Head, SME
• Global Heads, Client Propositions (TTM, TWC, SBL), SME
• Regional Heads SME
• Regional Finance Heads, WRB
• Group SME MT
• GFS teams
• WRB Finance 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
Skills and Experience
Our Ideal Candidate
· MBA / Chartered Account or equivalent qualification in Banking/Financial Services sector
· 10+ years of relevant experience in a leading financial services firm; experience in Business Banking/SME/Commercial segment product finance is a plus
· Demonstrated track record of business partnering
· Strong commercial acumen
· Strong understanding of P&L, balance sheet, and returns of financial products
· Ability to develop forward looking financials model, and impact analysis
· Ability to design/prepare senior level financial presentations/dashboards
· Strong understanding of the SME industry
· Strategic and analytical problem solving
· Ability to work effectively in a matrix organization
Role Specific Technical Competencies
- Financial Performance Management & Analytics
- Trade/ Cash, Lending and Liability products
- Business Partnering and stakeholder management
- Competitor analysis
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
