Job Summary
Strategy
To support primarily the Singapore WRB business in the development and execution of the business strategies, delivering the corporate plan, specific strategic imperatives, and providing business and financial advice and insights by working with the WRB head in Singapore, WRB CFO, Singapore CFO and Group WRB Finance team. In addition, oversee WRB business in ASEAN and to participate in WRB Finance Global agendas and initiatives.
Business
• Financial and Strategic Indicators: To enhance shareholder value through guiding and supporting the delivery of the Singapore WRB financials and key performance indicators against internal and external benchmarks as well as strategic roadmap, delivering OP, and Return targets
• Business Efficiency: To have oversight and drive the delivery of the Business Efficiency in areas including cost plan delivery, supporting business in driving efficiency in frontline and digital channels, continuous focus in driving improvement in CIR% in particular.
• Projects, Initiatives, and Investments: To partner with the business teams and provide timely and objective insights and feedback on business and investment decisions, to ensure that investment resources are prioritised and capability built in line with the key enablers required by the region
Processes
• Apply Group Accounting and financial control policies, standards, procedures, and internal control practices and recommended appropriate financial policies / procedures in support of strategic business goals
• Evolve from product centric reporting to more client-focused financial reporting and analysis. Navigate and overcome challenges in the shortcomings of data availability, and with ultimate goal to drive improvement in shareholders’ value.
• Improve efficiency through automation and improve reporting and forecast practices by adapting advanced financial reporting tools and financial forecasting practice
• Improve wider collaboration across Singapore, ASEAN countries and global teams, apart from regular discussion of business and financial performance, drive best practices against countries, streamline and lead to consistent methodologies in financial analysis, and more focus on external business / financial performance against peer group and new emerging fintech industries than internal SCB benchmark / comparison.
People & Talent
• To lead a team of finance professionals through recruiting, retention, and development
• To re-energise the teams with growth mindset and connecting their work to business outcome
• Lead through example and build upon the culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners
• Ensure the provision of ongoing training and development of people, and ensure that holders of all critical functions and suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks
• Employ, engage, and retain high quality people, with succession planning for critical roles
• Set and monitor job description and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives
Risk Management
• Participate and contribute in discussion in terms of ALCO, Basel working group, deposit working group, and other financial risk forum to ensure business finance is jointly working with wider finance communities on key polices, capital, funding, and financial control matters
Key Responsibilities
Governance
• Represent Finance in participating in core business investment and pricing discussion, including Pricing forum, branch investment forum, technology investment forum
• Bringing Awareness and understanding of the regulatory framework, and the regulatory requirements and expectations relevant to the role
• Stay connected with markets’ changes in regulatory framework in PRA, Basel, SINGAPOREMA etc
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.
• Lead the SINGAPORE RB, WM, and PvB Business Finance teams to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
• Group WRB CFO
• Head, WRB, Singapore, and ASEAN and South Asia
• Singapore CFO
• Head, Wealth Management ASA and SG
• Regional Head, SEA and SG, PvB
• Financial counterparts in country, region, and group
• Auditors – E&Y
Our Ideal Candidate
- Qualified accountant or equivalent.
- 10 + years of relevant experience and Extensive knowledge of Retail Banking and Wealth Management products, in particular of the SINGAPORE market, gained in senior Finance roles in complex international organisations
- Strong business partner, team player with a strategic mindset and a track record of securing the confidence and respect of the peers and stakeholders.
- A high degree of integrity and ability to influence and challenge the views and actions of others in a constructive manner, including C-suite stakeholders.
- Commercial acumen, with a sense of materiality and decision-making capability
- Dynamic leader of teams who role models Bank’s values and purposefully develops long term talent within the function.
- Able to multi-task, operate effectively under ambiguities, uncertainties and changing priorities in a fast-paced environment.
- Strong networking and interpersonal skills, forming positive working relationship in the multicultural environment.
Role Specific Technical Competencies
- Business knowledge (Retail Banking)
- Business knowledge (Wealth Solution)
- Business knowledge (Private bank)
- ALCO / Liquidity / Capital
- Finance digital transformation
- Financial and Regulatory reporting
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
