The Role Responsibilities
Director, Private Banking Finance would Manage regional Private Banking financial performance. This will include planning, performance management and providing advisory to relevant stakeholders to improve business performance and to achieve agreed goals and targets.
Responsibilities for this finance role cover following areas within CPBB:
- Private Banking segment for a specific internal region covering teams located in Singapore, UK and UAE
Strategy
Director, Private Banking Finance should have thorough awareness and understanding of the CPBB affluent business strategy and be able to help execute this to specific Private Banking regional context.
This includes:
· Partnering with regional head, market head and business management team in review, update and implementation of specific strategy for the region and markets covered within the region
· Alignment of this strategy and related financial impact with regional teams and CFO, Affluent and Wealth
Business Planning and Analysis
· Advice Private Banking regional head 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 / analytics to identify client profitability, returns, product margins, momentum in new sales, new clients etc
· Conduct client segment and product deep dives to identify opportunities to improve income and returns; utilise these insights to formulate new strategies with business stake holders and partners
· Lead regional PvB Corporate Plan aligned with strategic direction across all markets
· Partner with business and finance teams in markets to evaluate financial performance (profitability, returns, RM productivity), execute plans to improve market share, tactical and strategic actions to increase profitability
· Contribute to performance reporting and analysis for CPBB Management Business Review (MBR)
· Periodically review SCB performance with competitors and analyse relative strength and opportunity
· Effectively manage costs and take appropriate prioritisation decisions to achieve cost efficiencies
· Support business on understanding and effective appropriate usage of various financial views- Enhanced F view transition, Management view and Franchise view
Processes
Oversee following processes:
· Review of flash, outlook, forecasting and monthly performance for the business in coordination with finance and business teams in the market and GFS
· Smooth and efficient corporate plan process and other internal finance processes specially forecasting alignment across region, country and Market/ Financial view interlock.
· Regular report and tracking financials and non-financial value drivers in coordination with analytics team.
People & Talent
· Work effectively and collaboratively with finance/ non finance colleagues within CPBB 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 perspective
Risk Management
· Coordinate regular review with Risk and Product team on Mortgage and WM Lending portfolios to ensure appropriate risk-return pricing and capital deployment
· Review Risk Weighted Asset (RWA) performance vis-à-vis balance sheet growth and product/ client returns for the Affluent segments
· 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 (eg Basel III/IV) 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 CPBB Business 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
· Regional Head of PvB for GSAC client and West
· CFO Affluent and Wealth
Our Ideal Candidate
· 8+ years relevant experience in business 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 Private Banking would be helpful.
· Proven problem solver using quantitative techniques, strong analytical skills with ability to develop proof of concept frameworks and business cases
· Excellent communication skills to effectively manage varied stakeholders and global teams within finance and business.
Role Specific Technical Competencies
• Performance Management /Business Finance
• Private Banking /Wealth management
• Stakeholder management
• Balance Sheet Management
• Tactical and Strategic planning & Forecasting
• Industry knowledge/External competition analysis
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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
· Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
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, parental/maternity (20 weeks), sabbatical (12 weeks 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.
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