Twd Project Manager

Singapore, Singapore

Job Description


Role Responsibilities
As per PRA\'s recovery planning rules SCB is required to have a recovery plan containing a range of executable options including an option to execute trading activity wind down or TWD. By March 2025 PRA expects SCB to develop set of capabilities that will allow SCB to execute a full or partial wind-down of trading activities in an orderly fashion a s per PRA Supervisory Statement 1/22 .
TWD capabilities are explained in the following way:

  • Information provision and decision-making capabilities: these capabilities enable a firm to produce information and data, which is of sufficient granularity and quality to support decision-making before, during, and after a firm-specific and/or market-wide stress.
  • Refresh capabilities: these capabilities enable a firm to refresh the information supporting the development and execution of the TWD option in a timely manner. Firms should be able to refresh data on their balance sheet (including data on trading book positions at the individual contract, collateral and asset levels), their quantification of wind-down costs, and capital and liquidity projections, within a matter of days (the \'data refresh\'). Firms should be able to refresh the material components of the TWD option, including changes to assumptions and approximations that inform the TWD option, changes to the modelling or methodology firms use as part of their information provision and decision-making capabilities, and changes to the factors that make up the TWD scenario within weeks (the \'full plan refresh\').
The PRA expects SCB to be able to produce data of a breadth and granularity consistent with that set out in the TWD templates listed below:
  • Exit Costs
  • Operational Cost
  • Unencumbered Assets
  • Capital Analysis
  • Liquidity Analysis
To meet PRA requirements SCB has launched TWD project consisting of the below workstreams:
  • Balance Sheet
  • Business Engagement and Exit Costs
  • Operational Costs
  • Capital
  • Scenarios, Sensitivities and RBL
  • Liquidity
  • Architecture
  • Target Operating Model (TOM)
  • Model Governance
The project is governed by three Accountable Executives and two Programme Leads and one Programme Manager.
Each workstream is managed individually and has dedicated Accountable Lead and Project Manager.
Responsibilities
  • The mission of the role is to develop TWD capabilities (evidenced by PRA templates) which will allow SCB to execute a full or partial wind-down of trading activities (TWD) in orderly fashion as per PRA Supervisory Statement SS1/22 within agreed budget by March 2025.
  • In addition to managing overall TWD project the role also covers managing Target Operating Model (TOM) and Model Governance (MG) workstreams.
Overall TWD project responsibilities include the below:
  • Provide support to TWD Programme Leads in the development and execution of TWD project plan
  • Review individual workstream plans and objectives and ensure they are collectively support TWD project objectives and meet PRA expectations as per Supervisory Statement SS1/22
  • Track the delivery of all workstream plans, open actions
  • Raise and escalate any specific identified risks, issues, dependencies, or actions that need to be tracked at a work stream and project level
  • Propose and drive solutions to enable project to remain on track
  • Prepare agenda, materials, presentation packs, and run regular working group meetings and monthly TWD forums and follow up on actions
  • Perform required administrative activities with regards to project governance and project management and ensure all required activities are completed as per relevant policies and standards
  • Provide assistance, guidance and required information and documents to individual workstreams
  • Forecast, monitor and report costs and resources and ensure they are within the target
  • Ensure relevant documents, artefacts and project evidence are produced and saved
  • Provide TWD related updates and materials to various internal and external stakeholders
  • Develop senior level presentations and communications
TOM and MG workstream responsibilities include the below:
  • Support Accountable Lead in developing WS objectives, plans and cost estimates
  • Support Accountable Lead in delivering WS objectives within agreed budget and time targets
  • Track the delivery of workstream plans, actions and identify risks and issues and drive solutions
  • Prepare agenda, materials and run regular working group meetings
  • Forecast, monitor and report costs and resources and ensure they are within the target
  • Ensure relevant documents, artefacts and project evidence are produced and saved
Key stakeholders
  • Head of FM
  • FM CFO
  • FM COO
  • Head of Traded Risk Management
  • Head of Treasury RRP
  • Head of FM Compliance
  • Head of FM Technology and Operations
  • Head of Finance Change
  • FM MAG management team
Our Ideal Candidate
  • Academic or professional education/qualifications: Bachelor\'s degree or above in Business or Commerce
  • compliance and regulatory
  • Business Communication
  • 10+ years of experience in Financial Markets and understanding of Financial Markets
Role Specific Technical Competencies
  • Experience of Financial Markets
  • Capital , Liquidity, Financial, Risk Regulatory Reporting
  • End to end processes in financial markets, Models, liquidity and Capital.
  • Experience in regulatory projects
  • Excellent stakeholder management
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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Job Detail

  • Job Id
    JD1354418
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Singapore, Singapore
  • Education
    Not mentioned