Role Responsibilities
Treasury works closely with senior management, the businesses, Country CEOs / CFOs, and Finance to manage and promote the bank’s liquidity, capital, and balance sheet position. Treasury is laser-focused on its vision to be “Open, progressive and trusted, working commercially with our partners” to create sustainable value by balancing the supply and demand of liquidity and capital.
Within Treasury (which comprises Capital, Liquidity & Markets), the Treasury Liquidity function is responsible to driving the strategic liquidity agenda, including Funds Transfer Pricing (‘FTP’) and Interest Rate Risk in the Banking Booking (‘IRRBB’).
Within Treasury Liquidity, the Liquidity Risk Management (LRM) team will be responsible for establishing and implementing an effective framework for measuring, monitoring and managing the funding and liquidity risk across the Group and throughout the stress continuum (i.e., BAU, Recovery and Resolution). In addition, the team will be responsible to ensure the Group holds adequate liquidity buffer to sustain a range of severe stress scenarios and maintains a prudent funding profile in line with the PRA’s Internal Liquidity Adequacy Assessment Process (ILAAP) requirements.
The LRM team responsibilities will be discharged through three pillars:
· Framework – Establish framework (Policies & Standards) to measure, monitor and manage the liquidity and funding risk.
· Modelling – Develop, maintain and enhance Models & Methodologies underpinning different liquidity metrics including stress testing.
· Simulations & Analytics – Build, maintain and run advanced simulation tools to provide granular liquidity modelling ("what-if" analysis) for recovery, resolution and ad-hoc management/regulatory scenarios.
The Head, Simulations and Analytics, Liquidity Risk Management (LRM) will be responsible for building, maintaining and running advanced simulation tools to provide granular liquidity modelling ("what-if" analysis) for recovery, resolution and ad-hoc management/regulatory scenarios to ensure that Group holds adequate liquidity buffers to sustain a range of severe stress scenarios.
Responsibilities
Strategy
Group Strategy
· Keep up to date with the Group’s business strategy and ensure the liquidity framework is aligned to that.
Business
Business Steering
· Awareness and understanding of the wider business, economic and market environment in which the Group operates.
· Lead engagement with business stakeholders to understand the products and balance sheet needs, in order to advise on the potential impact under different scenarios.
Processes
· Provide an oversight to the process for designing, maintaining and running the simulation tools to provide the required analysis [the actual processes are owned and run by TMP or GFS in most cases].
People & Talent
· Lead a diverse team of 3 highly skilled and experienced people across Singapore, London and Warsaw.
· Optimise team structure to enhance collaboration with Treasury Modelling & Platform (“TMP”) Team, Technology & Change Teams in India, Poland and Singapore.
· Attract, retain and develop talent to build a team with a diverse set of skillsets and core functionalities to create multiple approaches to problem solving.
· Lead through example by building the appropriate culture and values; and set appropriate tone and expectations from the team.
· Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
· Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Risk Management
As a Head, Simulations and Analytics, LRM you are primarily responsible for establishing and implementing an effective framework to manage the liquidity throughout the lifecycle encapsulating business-as-usual management (ad hoc stress testing), a severe stress (Recovery Plan) and ultimately resolution or wind down phase. In addition, you are responsible for:
· Identifying emerging risks through reviewing market conditions and by conducting thematic reviews (ad-hoc simulations) as the case may be;
· Presenting relevant analysis to senior management (e.g. GALCO) to drive the B/S in the right direction and/or making strategic decisions as a result of thematic reviews;
· Contributing to the broader B/S optimisation initiatives (e.g. Collateral Taskforce) to improve the overall funding profile and liquidity resilience; and
· Acting as a key contact with the lead regulator (BOE, PRA) for all liquidity simulations and scenario related matters.
You will discharge the above responsibilities through building, maintaining and running advanced simulation tools to provide granular liquidity modelling ("what-if" analysis) for recovery, resolution and ad-hoc management/regulatory scenarios. This includes:
· Build, maintain and enhance the advanced simulation tools to provide granular liquidity modelling ("what-if" analysis) which can produce longer term stress forecasts (up to 2 years) by entity, by currency and by business both on a pre and post management action basis. The tool is predominantly used for recovery and resolution scenario analysis but it also supports ad-hoc scenario analysis.
· Work closely with TMP to ensure the simulation tools are built to the requirements, functionalities tested thoroughly for different use cases and overall capability tested regularly through dry runs or fire drill.
· Recovery Stress – Specific responsibilities related to recovery stress include:
o Provide inputs into scenario design from liquidity standpoint;
o Work with Business Partners and provide assumptions for liquidity scenarios;
o Run the simulation tool with support from TMP to produce stress results (Recovery Indicators);
o Analyse stress results and propose appropriate Management Actions;
o Present scenario, assumptions and stress results to management committees (GSTF, GALCO and BRC) for approval; and
o Manage internal (2LOD and GIA) and regulatory reviews.
· Funding in Resolution (FiR) – Specific responsibilities related to FiR test include:
o Design a scenario and assumptions for a severe resolution style stress in line with BOE’s regulation for Resolvability Assessment / Solvent Wind Down.
o Run the simulation tool with support from TMP to produce relevant MI in a timely manner;
o Analyse results and propose appropriate Management Actions / Active Exit strategy;
o Present scenario, assumptions and results to management committees (Collateral Taskforce, GALCO and BRC); and
o Feed FiR results into Collateral Taskforce and broader balance sheet initiatives to improve the overall resilience.
· Support Global Head, TL as the FiR as barrier owner to discharge the following responsibilities:
o Draft the FiR section of Group Resolvability Assessment Report (GRAR) and manage reviews from different stakeholders;
o Lead FiR Forum to drive day to day book of work, regulatory commitments and budgetary aspects;
o Drive Collateral MI workstream to ensure it fulfils the regulatory requirement and provides timely and sufficiently granular information;
o Provide oversight and guidance to TMP team with regards to FiR process, documentation and operational risk aspects; and
o Manage internal (2LOD and GIA) and regulatory reviews.
· Trading Book Wind Down (TWD) – As an Accountable Lead for Liquidity Workstream under the TWD programme, responsible for delivering the final product in line with the TWD requirements. Specific responsibilities related to TWD include:
o Analyse regulatory requirements, document SCB’s interpretations and discuss them with the BOE as and when necessary;
o Provide SME inputs to developers and business analysts to ensure correct solution is built;
o Lead the TWD working group to drive day to day book of work, track progress against plan and ensure timely delivery; and
o Manage internal (2LOD and GIA) and regulatory reviews.
· Provide subject matter inputs and oversight for liquidity forecasts produced as part of other stress testing exercises like ICAAP, BOE Stress, Reverse Stress Test etc.
· Provide ad-hoc “what if” analysis to Senior Management and Regulators on emerging risks (e.g. Covid Stress, Commodities Shock, Ukraine-Russia War).
· Provide inputs into Collateral Taskforce to ensure the contingent collateral discussions are aligned to stress testing exercises.
Governance
· Assess the effectiveness arrangements to deliver effective governance, oversight and controls in the Liquidity and Funding Risk frameworks where it pertains to scenarios and simulations and, if necessary, oversee changes in these areas
· Understand the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
· Contribute in delivering ‘effective governance’ by actively challenging Treasury / Business / Risk counterparts; and willingness to work with the Prudential Regulatory Authority in an open and cooperative manner.
Regulatory & Business Conduct
· See Risk Management section above for regulatory deliverables.
· 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
· Global Treasurer
· Treasury Liquidity, Capital, Recovery & Resolution Planning, Issuance, Markets
· Regional & Country Treasury teams
· Business stakeholders in CCIB and CPBB
· Financial Planning & Analytics
· Country & Business Finance
· Various other Finance teams (e.g. Regulatory Reporting and Disclosures)
· Treasury CRO
· Technology & Change organisation
· Regulators
Our Ideal Candidate
· Degree in Finance (MBA) / Economics / Quantitative fields from a reputed institution.
· Finance Professionals (Qualified Chartered Accountant) or Certifications like FRM, PRM or CFA is advantageous
· 6+ years proven experience in Treasury Liquidity, Balance Sheet Management, Asset & Liability Management and/or Finance / Risk with strong understanding of Funding & Liquidity Regulation, Balance Sheet & Sources / Uses of Funding from top-tier banks / consultancy firms
· Familiarity with banking book and trading book products and their impact on balances sheet, as well as funding requirements that arise from off-balance sheet positions
· Good knowledge of cash flow modelling, liquidity risk, predictive models and trade simulations.
· Experience in data analysis, data architecture, data transformations, building end to end inhouse data flows (pipes) from source to output, in a bank environment is advantageous
· Ability to understand, define and articulate business requirements in a clear, precise manner (with project management experience is advantageous).
· Experience in dealing with strong stakeholders, both quantitatively and qualitatively.
· Good stakeholder management, able to see the commercial value on business intent whilst able to translate the impact on funding sources.
· Ability to think objectively and commercially to help identify solutions to potential problems or emerging risks on the horizon via funding simulations and contingency planning
· Experience with writing and presenting qualitative papers and presenting a plan, and reasons for deviations to that plan to Executive/Board level.
· Ability to scope and conduct data intensive numerical studies and present the results in a concise and clear manner to audiences.
· Able to work independently yet a great team player.
Role Specific Technical Competencies
· Balance Sheet Management
· Funding & Liquidity Risk
· Funding & Liquidity Regulations
· People management
· Product / Business Knowledge
· Strategic Change Leadership
· Financial Reporting and Performance Management
· Planning, Modelling, Forecasting
· Banking Technology Infrastructure
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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