Standard Chartered Bank

Head of Finance, SC Bank & Solo

London, UK
Competitive salary
16 Sep 2020
23 Sep 2020
Approved employers
Approved employer
Job role
Head of finance
Experience level
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities

The role is part of the Group Finance department which is responsible for all financial and regulatory reporting for the Group, Standard Chartered Bank and "Solo" (the regulatory construct which primarily consists of SC Bank Head Office and its international branches).

This role is to lead the analysis, reporting and forecasting for SC Bank and Solo. Following the restructuring of Hong Kong and North Asian entities, Standard Chartered Bank is materially different to the Group, and has standalone governance requirements including enhanced Board (Court) and Senior Management reporting. The role covers multiple Finance and Treasury disciplines including FP&A, Budgeting, Financial Reporting and Capital and Liquidity management

  • Help shape balance sheet, capital and funding strategies for SC Bank and Solo.
  • Communicate business performance to senior management, SC Bank Board (Court) and key stakeholders in alignment with strategy.
  • Partner with Country Finance teams to ensure delivery of SC Bank and Solo business strategy.
  • SC Bank and Solo Governance and Oversight
    • Provide high-quality insightful materials to SC Bank Board, ALCO and the SC Bank CFO, including talking points and background information as required.
    • Set the SC Bank ALCO agenda, lead discussions in the forum and perform the role of ALCO secretary.
    • Create analysis of SC Bank and Solo performance, SC Bank revenue and drivers, aggregating commentary from the consolidated entities and ensuring storylines are aligned with the Group performance drivers.
    • Own the creation of the financial plan for SC Bank and Solo and track country and business performance against the plan. Lead initiatives to improve Solo profitability and standalone self-sufficiency.
    • Ensure active management of the SC Bank and Solo balance sheets, including capital adequacy and ICAAP, and funding, liquidity and market risks.
    • Ensure appropriate governance for Solo, the Group's primary Prudential Regulatory Authority (PRA) regulated bank entity.
  • Delivering the Group capital and liquidity agenda
    • To help set the liquidity and capital framework within which the entities operates, ensuring that outcomes for both relevant geography and Group are well understood and, where applicable, balanced.
    • Drive dividend remittance from SC Bank subsidiaries and work with Treasury to optimise capital structure across the Group.
    • Ensure effective communication and interpretation of structural liquidity and capital policies and other control requirements
    • Providing geographic context in the establishment of capital, liquidity and RRP policy
  • Advisory
    • Providing consistent advice to SC Bank Solo, regional and country management on optimal balance sheet shape (deposit and capital mix, funding and asset profile, currency mix, returns, dividends)
    • To assist Group Treasury and Regional/Country CFOs to influence the external debate with regulators to drive the best possible outcome for the industry, relevant geography and the Group

People and Talent
  • Manage people and talent, and ensure teams are adequately resourced.
  • Lead through example and build the appropriate culture and values, as part of the Group Finance Management Team. Set appropriate tone and expectations and work in collaboration with risk and control partners.
  • Assist in driving the learning agenda devised by HR, Group Finance and Group Treasury, across all of Group Finance.
Risk Management
  • Ability to interpret financial information, identify key issues based upon this information and put in place appropriate controls and measures.
  • Ensure adherence to structural liquidity and capital limits, authority frameworks and related minimum control standards and mitigants to ensure risk exposures material to the entities remain within risk tolerance and risk appetite.
  • Identifying pressure points and emerging challenges related to structural liquidity and capital limits in entities' balance sheets and making sure Treasury is informed and engaged with that in timely manner.
  • Ensure and assist Group Treasurer, and country RCOs to discharge their responsibility in line with the risk management framework.
  • Ensure robust process controls are in place in line with the operational risk framework
  • Awareness and understanding of the regulatory framework under which the UK and the Group operates.
  • Have and maintain good understanding of applicable laws and regulations pertaining to financial reporting, liquidity and capital and ensure that the countries within the entity structure have appropriate controls to remain compliant with them.
  • Ensure there is effective analysis of changes to current regulation that are applicable both from Group and country regulators.
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 SC Bank & Solo Finance team to achieve the outcomes set out in the Bank's Conduct Principles
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
  • Key stakeholders mainly comprise the Group Financial Controller, Head of FP&A and the SC Bank CEO and CFO. The job holder is responsible for providing these key stakeholders with the information and analysis required for them to discharge their responsibilities.
  • The role requires close collaboration with Finance peers including Group Treasury, Group FP&A and Business leaders

Our Ideal Candidate
  • Qualified accountant (ACA/ACCA/CIMA/CPA) or similar professional qualification desirable.

Apply now to join the Bank for those with big career ambitions.

To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.