Job Vacancies @ Standard Chartered Bank – 3 Positions

Job Title: Associate Principal, Treasury Markets

Job ID: 42688
Location: Lagos
Area of interest: Treasury
Job type: Regular Employee
Work style: Office Working

Job Summary

• Managing the Bank’s assets and liabilities and associated Treasury risks, ensuring the provision of funds for the company and compliance with all internal metrics and external regulations and deploying surplus funds into the Treasury portfolio.

Key Responsibilities

• Strategy
  • Treasury Markets (TM) is a front-line markets execution division of Treasury, which plays a key role in balancing the supply and demand of liquidity and capital. TM is the first line of defence responsible for:
  • Managing Liquidity & Investment portfolio.
  • Managing Interest Rate Risk for the Banking book
  • Conducting the above in an efficient manner thereby maximising Group ROTE contribution.
  • Providing solutions to our partners leveraging our market insight.
  • Focus on collaboration to drive Group performance as a priority over country/ region benefit
• Business
  • Liquidity Management
    • Primarily responsible for managing the liquidity pool of the overall Balance Sheet holistically (both Lcy & Fcy)
    • Prudent day-to-day and intraday management of the liquidity position in the country, including the day-to-day compliance with Group Policies and Guidelines, Local Regulatory requirements, local payment systems and nostro balances. This includes compliance with Cash Reserve Requirements (CRR) and Basel 3 LCR and NSFR.
    • Responsible for all cashflow management which includes tracking all inflows and outflows, gathering and posting inflows and outflows information into the blotter and investigate unmatched balances for unaccounted flows.
    • Monitor cashflow processing systems, e.g. RTGS, etc.
    • Manage Nostro accounts including funding requirements, perform Nostro transfers, investigate discrepancies and gather and post flow information into blotter.
    • Monitor and comply with the liquidity regulatory ratios / requirements and pre-empt funding requirements or surpluses and advise Head of TM accordingly.
    • Management of interest rate mismatch and risk positions to maximise returns (through P&L and MTM)
    • Managing operating costs
  • Investment Portfolio Management
    • Manage the TM investments portfolio with the objective of balancing liquidity and optimising financial resource utilisation (ECL, RWA, MtM / Capital) to maximise Group RoTE.
    • Provide timely and forward-looking market insights to ALCO, Regional and Global stakeholders highlighting opportunities and risks to liquidity, credit, and interest rate risk within the TM portfolio.
    • Provide accurate / reasonable projections on P&L and financial resource consumption, i.e. ECL, RWA and MtM, as and when required to enhance Group planning / disclosures.
    • Actively participate in IPM forums, bringing innovative ideas and borrowing best practice from other markets.
    • Perform any ad-hoc calculations or tasks as assigned by the People Leader with regards to LM & IPM.
    • Achieve desired RoTE by optimising investments to effectively manage ECL and RWA.
• Processes
  • TM business and risk management processes are defined and governed in various risk, governance and control committees (e.g., TM PGC).
  • Ensure issues, suspicious activities and/or red flags are escalated immediately upon discovery.
  • Any delegation of formal authority is correctly documented and recorded accordingly and relevant location managers are informed.
  • Any operational losses are investigated and monitored to avoid recurrence. Root causes to be investigated and escalated to relevant management.
  • Approve daily reports including but not limited to Treasury Risk (TR), Group Market Risk (GMR) and P&L reports.
  • P&L Tracking
    • Track P&L and engage Treasury Markets PC to investigate any P&L anomalies.
    • Distribute the daily ITP/FTP rates to relevant parties.
  • Deal input
    • Ensure that deals / trades done are booked in the relevant systems as soon as they are confirmed – in accordance with relevant policies.
• People & Talent
  • Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the team and work in collaboration with risk and control partners
• Risk Management
  • Ensure a full understanding of the risk and control environment in area of responsibility.
  • Monitor B/Sheet Regulatory ratios, Treasury Risk, Market Risk and Credit limits.
  • Monitor the daily movement of regulatory ratios, as per the country’s balance sheet manual and simulate impact large trade on the ratios when required by Head of TM.
  • REFI, Wholesale Borrowing, Stress test, MTFR and swapped funds guideline as detailed in the Treasury Risk.  Flag any potential liquidity limit issues to the Head of TM for further action.
  • Flag any potential limits issues to the Head of TM for further action.
  • Strategic Management of the Bank’s Balance Sheet Risks
    • Ensure Statutory (both Group and local) Liquidity requirements and internal Group Limits are adhered to
    • Lead the way in the ALCO forum through active participation, providing ALCO members with timely balance sheet analysis and market information, ensuring other ALCO members are always engaged in an up-to-date Balance Sheet strategy that compliments the bank’s revenues aspiration.
    • Propose, negotiate and regularly advise on the Funds Transfer Pricing for the Bank, in a consistent manner and in compliance with the Group policies, taking into account local market dynamics.
  • Operational Management of the Country’s Balance Sheet Risks
    • Monitor daily liquidity ensuring adherence to all internal and external limits.
    • Monitor stressed liquidity conditions when required.
    • Ensure that all lending and investment decisions are made within Treasury Risk and Credit limits.
    • Ensure that all internal and external regulatory requirements are met as appropriate.
• Governance
  • Take responsibility for guiding and influencing the ALCO to ensure the balance sheet of the Bank is managed in line with the relevant governance guidelines and standards
  • AML and client appropriateness - To ensure the business meets its obligations on the prevention of money laundering under the Group Policy and Standards and under local laws and regulations
  • Ensure all strategies, policies and processes in TM are aligned to ensure the delivery of fair dealing outcomes to our customers in accordance with the Group and local regulators’ Guidelines on Fair Dealing
  • Good relationship with regulators with ability to contribute & where possible influence policy formulation. Keep abreast of all the changes in the global environment and give the regulators a good feel of our strategy & what we're trying to achieve.
• 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 Treasury Markets 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.
  • Comply with the Bank of Uganda Financial Markets Code of Conduct
• Key stakeholders
  • Internal Stakeholders: Other Treasury teams, Financial Markets Desk Heads and Dealers, Risk, Compliance, Business Stakeholders, CEOs, CFOs, COOs, ITOs
  • External Stakeholders: Local regulators & other Government Departments, Competition (other banks in respective markets)
• Other Responsibilities
  • Embed Here for good and Group’s brand and values in Treasury Markets Nigeria.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Qualifications

• A First Degree or equivalent in any discipline and relevant professional certifications e.g. ACI, or Treasury Dealership Certificate

Skills and Experience:

• Risk Management - Market and Liquidity Risks
• Financial - Balance Sheet Management
• Governance, Regulation and Risk Management – Risk and Control
• FM - Economic Analysis & Macroeconomics
• FM - Products (Money Markets, Fixed Income, Foreign Exchange, Derivatives)
• Effective Communication
• Business – Market Knowledge

What we offer

• 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 leave, parental/maternity (20 weeks), sabbatical (12 months 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.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Senior Investment Advisor 

Job ID: 42194
Location: Victoria Island, Lagos
Area of interest: Retail Banking
Job type: Regular Employee
Work style: Office Working

Job Summary

• Responsible for formulating and aligning with Group the execution of strategic agenda for Investment Advisory with the purpose of maximizing growth, market share & profitability for Investment Services. Role entails taking ownership and providing leadership towards delivery of
  • Investment Services P&L Ambition
  • Provision of Investment advice to Clients and Relationship Managers to meet the client’s desired investment objectives and increase bank’s “share of client wallet”
  • The Senior Investment Advisor plays a key role in liaising with the product managers within the Product development team (Foreign exchange, Managed Investments, Insurance, Wealth Overdrafts, Fixed Income) on an ad-hoc basis to discuss client requirements as well as on a more frequent basis to ensure flow of product knowledge.
  • Provide leadership to the overall Investment Advisory team, growth and profitability
  • Drive customer experience through quality advice strategy, products offer, RMs’ relationship.
  • Provide independent opinion on quality of client’s existing portfolio.

Key Responsibilities

• Work with the Head, Investment Advisory in the development and execution of marketing initiatives for the acquisition, retention and growth of target customer base.
• Directly work with customers to deepen and secure new business relationships through the analysis of needs and provision of Investment services.
• Creatively tailor products to meet individual customer needs.
• Analyse and review quality of potential and existing business to ensure maximum profitability.
• Maintain accurate and up-to-date records of all actual and attempted customer interactions.
• Attend customer meetings that have defined call objectives, desired outcomes and a well-constructed plan.
• Liaise and provide leadership in areas of expertise, particularly in the provision of products and services to customers.
• Responsible for delivering a service that matches the Bank’s brand promise of being ‘Here for good’, to customers.
• To periodically visit the branches with the objective of providing support in marketing their customers, disseminating information on Wealth Management products and understanding their Investment Needs
• To maintain constant relationship with retail customers through site visits and telephone calls.
• Market new Investment products.
• To identify opportunities for cross – selling and referral to other Standard Charetered Bank lines through developing and maintaining a close understanding of customers’ businesses.

Strategy:

• Has overall responsibility for the development, preparation, implementation and delivery of Wealth and Retail Banking Clients Wealth Solution strategic plan, working in close liaison with Relationship Managers, Team leads and Segment Heads.

Business:

• Drive client revenues and returns for Wealth and Retail banking
• Drive active management of key clients to grow Wealth Solutions Team Wallet.
• Active RM performance monitoring – spot areas of underperformance and take corrective action.
• Provide direction, migrate best practices, challenge performance within Wealth and Retail banking and utilise MIS to drive results.
• Work closely with RMs, Team Leads, Acquisition and other stakeholders that support the team to increase customer penetration.

Regulatory & Business conduct:

• Ensure that adequate and appropriate systems and controls are in place to comply with Group and Business Policies, Procedures Standards and Codes.
• Ensure Operational Risk Management and Reporting is an integral part of the business process.
• Ensure all processes are adhered to, in line with approved policies and procedures within the Affluent and Business Banking Segment.

Other Responsibilities:

• Embed Here for good and Group’s brand and values in Nigeria / WRB/WS; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats); Overall growth of WS revenues for Wealth and Retail Banking
• Image and reputation of department and the Bank.
• Achievement of WRB’s budgeted growth of the Investment Advisory business.
• Efficient handling of transactions between WS Back Office and WRB.
• Operational and related risks management.
• Timely launches and rollout for new / upgraded products.
• Other responsibilities assigned by Head, Investment Advisory, Nigeria.

Qualifications

• Academic or Professional Education/Qualifications; BSc/BA
• Licenses and Certifications/accreditations; i.e. internal/externally required
• Professional Memberships, i.e. required for roles for continuous development/ improvement/awareness of current practices etc –
• Bank training, i.e. mandatory & developmental - role specific, and regulatory/compliance bank wide & role specific, - E Learning – Anti Money laundering, Conflict of Interest, Rejecting bribery & Understanding Sanctions etc
• Languages: i.e. those required for roles

Key Stakeholders:
Internal:

• All Wealth and Retail Banking (WRB) Relationship Managers
• All Wealth and Retail Banking Acquisition Managers
• All Wealth Solutions Teams
• Branch Managers
• Branch Operations Staff
• Wealth Operations Staff
• CMPS Dealers
• Compliance, HR and other relevant units within the bank.

External:

• Existing and Prospective Clients
• Product providers
• Local regulators

Skills and Experience:

• Spot Opportunities
• Solve Problems
• Take the Lead
• Build Resilience
• Collaborate
• Communicate
• Deliver Sustainably
• Achieve Results
• Technical Competencies
• Manage Conduct
• Manage Risk.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Principal Director, FI Sales, Transaction Banking

Job ID: 42035
Location: Ikeja, Lagos
Job type: Full-time
Work style: Office Working
Job type: Regular Employee
Area of interest: Transaction Banking

Job Summary

• To manage the Transaction Banking Financial Institution (FI) Sales business and teams across Nigeria and wider West Africa covering Banks, Public Sector, Paytech clients.
• To grow cash management/clearing, trade finance and SC PrismFX business in line within overall West Africa CIB as well as Global Transaction Banking (TB) Financial Institution Sales strategy and within risk parameters of the business.

Key Responsibilities
Strategy:

• To manage the Transaction Banking FI Sales business and teams across Nigeria and wider West Africa covering Banks, Public Sector, Paytech clients.
• To grow cash management/clearing, trade finance and SC PrismFX business in line within overall West Africa Coporate & Instititional Banking (CIB) as well as Global Transaction Banking FI Sales strategy and within risk parameters of the business.

Business:

• Responsible for the Cash & Trade business for Transaction Banking (FI Sales) includes clients (Public Sector, Paytechs and Banks) across Nigeria and West Africa. Responsibility for Transaction Banking (FI Sales) franchise and origination revenues.
• Actively identify client needs across full set of Standard Chartered Bank product capabilities, originate new business and grow the franchise by capitalising on Bank competitive attributes (network) and developing new relationships where required
• Engage with Senior Management and decision makers of key clients to improve quality of dialogue with clients, promoting a move away from ‘transactional’ reactive client coverage to consistent value-added partner/trusted advisor status. Anticipate client’s requirements and provide strategic advice, bringing in the relevant product and industry partners as appropriate.
• Maximize profitable revenue to the bank whilst maintaining focus on client outcomes, strengthening and deepening existing relationships both at the most Senior level as well as at the operating level in client’s designated portfolio.
• To deliver financial performance for the country / region as per the agreed budget assigned.
• To undertake market analysis for each country in the region in order to identify new business opportunities in co-ordination with Product Management and Credit.
• To match customers’ needs with product capabilities through presentation of tailored demonstrations and proposals.
• To negotiate terms and conditions with customers to maximise revenue and profitability.
• To engage and assist the sales teams to provide structured solutions to meet the specific cash management and trade services requirements of our customers and prospects.
• To undertake a disciplined sales management process.
• To assist product management in the commercialization of strategic product rollouts.
• To provide feedback and assistance to all areas of transaction banking; e.g., Product Management, Marketing, etc. to ensure that the voice of the customer and local requirements are incorporated into ongoing plans and initiatives.
• To keep abreast of customers’ needs, trends and product/market intelligence for new product developments/enhancements, strengthening Standard Chartered Bank’s competitive position in this field.
• To ensure smooth deal implementation and adherence to high levels of service quality.
• Ensure customer service issues are addressed and a high level of post sales service is made available to the clients at all times.
• Benchmark and identify opportunities to establish sustainable sales, product and service advantages against global banking competitors
• Establish and maintain governance framework to ensure sales processes under area of responsibility comply with internal policies, procedures, business conduct requirements and applicable external laws and regulations
• To ensure adherence to compliance policies and help manage financial crime risk in the business.
• Responsibility of delivering the promotion CorrB Academy initiative in the region

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.
• Lead 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.] *
• Serve as a Director of the Board
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association

Other Responsibilities:

• Embed Here for good and Group’s brand and values in Nigeria
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats)
• Regional & Country CCIB Heads, CEOs,  Global FI and TB seniors –  To gain commitment on business strategy and sales plans.
• Train and guide RMs in FI on cash/trade transaction banking products and services to facilitate achievement of sales plans.
• To support vision and growth strategy of Transaction Banking (FI Sales) business regionally
• SD&S, Regional Product, Compliance, Risk -  To resolve issues and ensure service levels are met as per standards agreed upon.
• To manage Financial Crime Compliance (FCC) and Credit risks within the business
• Take the initiative regarding regulatory, reputational and ethical matters by providing proactive advice to clients as identified. Coach and manage internal team in these matters and ensure they are adequately trained in and cognizant of regulatory, reputational and ethical risks.
• Business Heads (TB, Treasury, etc.) - To provide/obtain geographical breadth and product depth referrals/leads.
• Cash Management and Trade Product Management / Development - To provide active support on product initiatives, including customer and competitor feedback for new product developments/enhancements and to resolve any product delivery issues
• Regional/ Country Heads/ Global Account Managers/ Regional Account Managers within Coverage - To leverage from experiences of rollout of our products and services in their markets and in the structuring of complex network solutions for cross-border deals.
• Trade Asset Management Unit - To provide strategic input on Trade Asset Distribution for the region.

External:

• Customers and prospects within Banks (Transaction Banking, Treasurers, WB Heads, Business Development Managers, General Managers, CEOs and MDs - To understand trends affecting customers’ and prospects’ businesses in order to structure cash/ trade management solutions and sell them our products and services.
• Primary accountability for generation of incremental revenues, from fees and float income, and attracting and locking-in client relationships through value-added transaction banking services.
• Protection of the Bank’s reputation, its ability to meet legal and regulatory obligations, while minimizing FCC risk.

Key Stakeholders
Internal:

• Country CEOs/CIB Heads
• Global & Regional FI Sales
• Country TB Heads
• Country and Regional Heads of Products / Segments
• Country/ Regional Heads of Coverage and FI
• Country FI Relationship Management Teams
• Credit Officers
• Compliance

External:

• Customers: Represent SCB and Transaction Banking (FI – Sales) with all stakeholders including Clients and industry bodies.
• Auditors, Regulators: Represent SCB and liaise with internal stakeholders to resolve issues and implement regulatory changes.

Qualifications
Experience:

• Broad banking experience of over 10 years
• Deep knowledge of TB products
• Experience in FI / Correspondent banking business.
• Proven ability to independently identify, drive and deliver on opportunities.
• Strong executive impact and track record of new to bank sales success.

Knowledge:

• Certification in advanced Trade / Cash
• Practitioner with Advanced / Expert Cash and or Trade knowledge.
• Structuring Solutions and ability to handle documentation.
• Strong credit understanding and experience.
• Seen as an industry expert in Cash and/or Trade.
• Market Intelligence: ability to anticipate global trends in market and impact on strategy and plans.
• Understanding of how to work effectively within a matrix / network organisation.
• Capable of analysing  working capital and funding needs

Skills:

• Ability to proactively identify client needs and create solutions to generate new to bank business.
• Ability to cultivate a network of relationships in the client with key influencers and senior decision makers to identify and win deals.
• Ability to probe the commercial implications of a client ‘s needs and provide solutions and advice that positively impact the client’s operational and financial performance.

Skills and Experience:

• Risk Management and Internal Controls
• Business - Strategy and Model
• Business - Market Knowledge
• Business - Products and Processes
• Sales – Prospecting
• Sales - Client Pitching
• Sales - Relationship Management

Behaviours:

• Wants to be a trusted advisor – positions as the “go to” person for clients when they desire strategic TB input.
• Strong credibility with key stakeholders, i.e. Risk, CIB, GTO and ability to develop diverse and inclusive relationships at multiple levels of the organization
• Client centric with sharp commercial focus, analytical mindset, consultative engagement style, innovative problem-solving approach, and strong achievement orientation.

What We Offer
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 leave, parental/maternity (20 weeks), sabbatical (12 months 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.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online