The role is based in Singapore and sits within the Treasury CFO team. The candidate will be responsible for supporting the Treasury Business and Group Financial Planning & Analytics (FP&A) in implementing and operationalising a new process in allocating Treasury Outcome (P&L, BS, RWA) to client segments and products, with the objective of driving joint balance sheet accountability with the client business and more optimal balance sheets. The candidate will also be responsible for driving the documentation of the framework and policy of the allocation methodology. The role will also be supporting the Treasury Business on providing added transparency of Treasury via Liquidity and Performance analytics in addition to initiating and coordinating projects that impact the wider Treasury Finance team.
The role provides an opportunity to interact directly with a range of senior management within Standard Chartered across both functions and geographical locations. The role will allow one to develop a strong understanding of the Treasury function through allocation methodology as the objective of the methodology to optimize the bank\'s balance sheet.
Strategy
The candidate will be communicating the allocation methodology and policy with Regional Treasurers, Country, and Business Finance Teams
Co-ordinate request from Product Owners and Process Owners on methodology to ensure consistency across all levels of allocation
Co-ordinate sign off changes to allocation methodology (both global refinements or country dispensations)
Carry out periodic review and refinement of methodology and policy to create an effective allocation environment across the entire process and methodology, with particular focus on optimizing the bank\'s performance and balance sheet.
Organize and host Steering Committees to endorse changes and provide updates
Work with the businesses to demystify the components of FTP, understand the drivers of their rate and accruals, optimize their portfolio strategy to maximize returns, and forecast future FTP changes.
Drive the build out of the C&O Allocation MIS and analytics available to stakeholders to improve transparency of the allocation outcome and in order to optimise the allocation drivers (and hence balance sheet and bank\'s ROTE performance)
Business
Working together with various Treasury and Finance stakeholders to provide analytics, visualisation and dashboarding solutions
Awareness and understanding of banks IT data architecture and collaborate with technology teams to solve for Analytics requirements.
Develop both short term and long term solutions that helps with the analytics and MI requirements.
Assist in monthly reporting as well as yearly corporate plan through the use of better predictive analytics and dashboarding
The individual should be fluent in one of the key areas, in Treasury and FP&A - Fund Transfer Pricing, Treasury Markets, Treasury Capital, Bank financial statements and have good understanding of banking products, Financial Metrics/Ratios.
The ideal candidate would have experience in one or more of the functions Finance/FP&A, Product Control, Liquidity/Capital with specific financial institutions, policy documentation and socialisation. Prior experience in balance sheet management, capital and liquidity, FTP, FPA Operations is considered favourably.
Processes
Support transparent and efficient end to end C &O Allocation process
People & Talent
Develop junior talent across locations and integrate offshore GFS support team with onshore policy team
Risk Management
Focus on operational risk management of C &O allocation process at the group and country levels.
Governance
Maintain and refresh governance of the C&O allocation policy and standard
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 team 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
Regional Treasurers and their teams
Treasury Markets Teams
SAP Team - responsible for strategic allocation system rollout
Allocation Process Owner
Country CFOs and their Finance Teams
Product Control
Treasury Liquidity Modelling & Platforms
GALCOS, RALCOs and Country ALCOs
Our Ideal Candidate
Strong academic record at bachelor or master\'s degree level in business, finance or related field from a well-recognized institution
10+years of experience working in a Banking / treasury.
Excellent communication, Strong self-starter and comfortable with senior stakeholder interaction
Experience with policy documentation and maintenance is preferred.
Prior experience in Treasury Capital, Market, Product Control, Balance sheet management or FP&A/ Performance management and familiarity or FTP
Proven strategic and analytical skills with a strong appetite for defining problems and offering solutions across Technology and Processes frameworks
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. Visit our careers website www.sc.com/careers
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