Job Description

Job : Finance
Primary Location : Asia-Singapore-Singapore
Schedule : Full-time
Employee Status : Permanent
Posting Date : 30/Dec/2022, 1:27:00 AM
Unposting Date : Ongoing


The Role Responsibilities The Head of Supply Chain Management (SCM) is responsible for all Procurement, Vendor Management (VM) and Third Party Risk Management (TPRM) for vendors and outsourcing service providers across the cluster. This includes setting and execution of the SCM cluster strategy, partnering closely with the businesses and functions to ensure their requirements are met, ensuring close management and escalation of TPRM issues and driving the bank\xe2\x80\x99s Supply Chain Sustainability ambition. These responsibilities will be delivered through building and maintaining strong stakeholder relationships and effective management and development of the SCM team in the cluster, while also being an integral part of the SCM Asia Leadership Team. Strategy

• Set and drive the strategic priorities for the Singapore cluster to achieve cost objectives for external spend with suppliers that can materially contribute to customer needs for innovation and service excellence
• Address competitive challenges by enabling entities to develop effective Outsourcing Strategies in line with the Group Outsourcing Strategy
• Use deep SCM expertise to develop strategic capabilities within countries and the hub to underpin the broader transformation of supply chain service delivery to meet the needs of the cluster
• Execute global priorities in cluster which includes implementation of sourcing strategies and an operating model that optimizes management of SCB\xe2\x80\x99s end-to-end supply chain, reducing costs and managing risks
• Manage all current and emerging Third Party Risks (TPRs) in association with Country and Regional risk partners
• Influence the Asia SCM strategy and overall achievement of functional objectives in the context of the Bank\xe2\x80\x99s corporate strategy and the Asia regional strategy
• Create cluster sourcing and vendor management annual plans with input from senior stakeholders to actively build pipelines and ensure SCM are aware of all upcoming sourcing requirements

Business

• Translate SCM region strategy into operational plans and resource requirements.
• Understand and execute against the cluster\xe2\x80\x99s business requirements within consistent global standards
• Ownership, execution and delivery of SCM strategies and objectives
• Take direct accountability for establishing and achieving cluster and country sourcing targets and execution of supply chain strategies through effective resourcing of country category teams within the cluster
• Delivery of the supply chain cluster cost savings targets (US$14M in 2022) with key accountability of building cluster savings pipeline
• Identify and implement sourcing plans with CMT for key business relationships leveraging strategic clients / vendor partnerships
• Establish and maintain effective senior stakeholder engagement demonstrating value to business partners through collective collaboration on efficiency, supplier risk and compliance matters
• Bring value to the communities we serve by setting cluster Supply Chain Sustainability goals, leading the development of diverse suppliers across cluster markets and ensuring their inclusion in all relevant sourcing initiatives to drive maximum impact.
• Build out Vendor Management across Singapore cluster, in line with global SCM plans.

Processes

• Work collaboratively with SCM Centre of Excellence (COE) to ensure effective and efficient service delivery for the cluster
• Also, in conjunction with SCM COE, deliver simplification, optimisation and standardisation of Source to Contract processes in the cluster that increases efficiency, improves risk and control and is delivered in a transparent manner that mitigates TPR, particularly Fraud and ABC risks
• Leverage deep subject matter expertise to drive innovative solutions for stakeholders within the cluster that facilitate the use of Preferred Suppliers, reduce lead-time to onboard suppliers and increase automation
• Enforce the use of SCM tools that increase efficiency, contestability, compliance and spend control
• Develop benchmarks and scorecards for the team that can be used for performance measurement and continuous improvement
• Work collaboratively with SCM Operations to ensure effective and efficient service delivery for the cluster
• Create an environment which promotes the right behaviours amongst team members focusing on shared responsibilities and accountability as a team. Encourages team sharing in the areas of category management and sourcing best practices within and outside cluster
• Identify opportunities to embed the Sustainability agenda into all aspects of SCM delivery in the cluster
• Tightly control the number of suppliers with a view to a year-on-year reduction.

People and Talent

• Create an environment which promotes the right behaviours amongst team members focusing on shared responsibilities and accountability as a team
• Lead through example and build a diverse and inclusive culture and reflecting the banks\xe2\x80\x99 values. Set appropriate tone and expectations from the team and work in collaboration with risk and control partners
• Employ, engage and retain high quality people, with succession planning for critical role, build bench strength and formulate succession plans for the team
• Develop high performing and collaborative teams and enhance cross-functional relationships.
• 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.
• 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
• Ensure the delivery of training to SCM stakeholders, Contract Owners and SCBuy users
• Work with SCM Regional Head to implement Target Operating Model in the cluster.
• Support the SCB promise through the active support for team CSR activities.

Risk Management

• Providing leadership and support for the overall supplier risk mitigation programs within SCM
• Ensuring appropriate SCM representation at applicable Risk committees within the cluster
• Support and execute necessary actions and deliverables to meet existing and new regulatory requirements that relate to the bank\xe2\x80\x99s supplier base.
• Educate local stakeholders about the risks associated with their agreements and the risk management requirements embedded within the Source to Pay process.
• Support country risk reviews for SCM and implement corrective actions as required
• Work closely with Operational Risk (OR) to support them in their role as Second Line of Defence for the TPR Integrated Risk Type.

Governance

• Establish and lead governance of Outsourcing and Vendors for the cluster in partnership with OR at the country TPRM Committees with the support of second line risk owners
• Govern cases of non-compliance with TPRM processes by cluster stakeholders
• Provide counsel and leadership to stakeholders across the business functions within the cluster in support of procurement, vendor management, outsourcing and contract management and other SCM related queries.
• Cluster responsibility for Governance, Controls & Compliance oversight across Policy, Function and services delivered by SCM
• Provide support for and responses to GIA audits in the cluster

Regulatory and Business Conduct

• Display exemplary conduct and live by the Group\xe2\x80\x99s 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 Cluster SCM team to achieve the outcomes set out in the Bank\xe2\x80\x99s 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.
• In partnership with Local Compliance and OR, engage with the MAS, BNM and other cluster regulators on topics related to Vendor Management, Outsourcing and TPRM regulation
• In partnership with Local Compliance and OR, monitor local regulatory developments and support OR to establish local addenda to SCM owned Policies and Standards as required

Key stakeholders

• Accountable for senior stakeholder management within the cluster; developing strong partnerships, proactive discovery of upcoming projects that impact the cluster spend, while creating value by influencing stakeholders to make decisions when considering the wider business.
• Key stakeholder interactions are CEOs, CFOs, COOs, CIOs and Business/Function Heads in the countries. The Cluster Head is responsible for leading SCM efforts to efficiently and effectively enable spend owners within the business and functions to maximise the value the bank receives from suppliers to meet their objectives
• Establish relationships with senior budget holders to ensure that SCM is aligned with business objectives and to enlist support in participating in cost and supply base improvement efforts
• Supply Chain Management Leadership Team.

Other Responsibilities

• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• Assist RMs in establishing banking relationships with our suppliers across the cluster

Our Ideal Candidate

• Academic or Professional Education/Qualifications: Degree, or equivalent qualifications in Procurement, Supply Chain Management, Law
• Licences and Certifications/accreditations: NA
• Professional Memberships: CIPS or similar desirable
• 10+ years Experience in the Banking or Financial Sector

Role Specific Competencies

• Regulatory expertise, in particular MAS Outsourcing Guidelines & Third Party Risk Management
• Proven track record of Business Partnering & Stakeholder Management
• Leadership & People Management
• Process Improvement, Operational Excellence & Change Management
• Strategic Outlook and Execution

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.
• 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.

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