Job Summary
The Head of Business Finance, Products, WRB will support the management of the financial performance of global WRB products. This will include the product performance management, product financial analysis, product accounting and controls as well as the planning and budgeting processes. In addition, this role would support the provision of advisory on product performance to achieve the strategic objectives of the organisation.
RESPONSIBILITIES
Responsibilities for this finance role cover supporting the management of financial performance and underlying drivers of growth for following areas within WRB:
• Wealth Solutions
• Deposits
• Mortgages
• Credit cards and Personal Lending
This will cover tracking, reporting and analysing various aspects for segment performance globally as defined below in detail.
Strategy
Head of Business Finance, Products, WRB should have good awareness and understanding of the WRB business strategy and be able to help execute this globally.
This includes:
• Support the CFO, Wealth and WRB Products and WRB product teams in the implementation of agreed strategy across markets
• Actively report, review and analyse progress against set strategic targets
• Alignment of this strategy and related financial impact with regional and key market finance and business partners
Business Planning and Analysis
• Advice stakeholders on financial performance, profitability, returns and highlighting areas of opportunity and early warnings of the challenges ahead
• Track financial and non-financial performance and momentum regularly
• Develop and implement financial and non-financial value drivers and regular measurement & analysis
• Conduct product deep dives to identify opportunities to improve income and returns
• Partner with business and finance teams in markets to execute plans to improve market share including tactical and strategic actions
• Contribute to performance reporting and analysis for WRB Management Business Review (MBR)
• Periodically review SCB performance against competitors and analyse relative strength and opportunity
• Support cost reviews to achieve cost efficiencies
• Support the reviews of loan impairment, RWA efficiency and effectiveness as well Basel 3.1 to optimise returns
• Work closely with the Group Accounting Policy team to provide product accounting advice
• Support business on understanding and effective appropriate usage of various financial views- Enhanced F view transition, Management view and Franchise view
Key Responsibilities
Processes
Oversee following processes:
• Review and ownership of flash, outlook, forecasting and monthly performance for the business in coordination with finance and business teams across markets
• Smooth and efficient corporate plan process and other internal finance processes specially forecasting alignment across clusters and countries and segments
• Regular report and tracking financials and non-financial value drivers in coordination with analytics team and offshore support teams.
People & Talent
• Work effectively and collaboratively with finance/ non finance colleagues within WRB group finance, country finance, business heads and offshore teams
• Ensure ongoing training and self-development for both current role and future aspirations from a career growth perspective
Risk Management
• Coordinate regular review with Risk to ensure appropriate capital deployment
• Review Risk Weighted Asset (RWA) performance vis-à-vis balance sheet growth and product/ client returns for products
• Regular review, reporting and understanding of loan impairment related to lending portfolios and calculation approach/ policy thereon
• Ensure compliance with Group Accounting Principles and practices, Financial Control policy, and other regulatory accounting guidelines
• Understanding of various regulatory requirement and implementation of the same appropriately by working with product teams in group and markets
Governance
• Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations to the role
• Represent the Finance function at key WRB forums and escalating any issues that may impact finance responsibilities
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
• CFO, WRB
• CFO, Wealth and WRB Products
• Global Product Heads & teams for Wealth Solutions, Deposits, Mortgages as well as Credit Cards and Personal Lending
Our Ideal Candidate
• 12+ years relevant experience in finance at a leading global financial services firm, preferably banking.
• Qualified Accountant i.e., CPA, CMA, ACCA or equivalent, or MBA (Finance) or other relevant qualification is preferred
• Track record of business partnering and ability to influence and effectively challenge stakeholders
• Strong understanding and/ or previous experience in consumer banking, wealth management or SME/ commercial banking is preferred
• Proven problem solver using quantitative techniques, strong analytical skills with ability to develop proof of concept frameworks and business cases
• Excellent written and verbal communication skills to effectively manage varied stakeholders and global teams within finance and business.
Role Specific Technical Competencies
- Performance Management
- Tactical and Strategic planning & Forecasting
- External reporting & Competitive analysis
- Balance Sheet Management
- Risk and Control
- Business Partnering and Influencing
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
