Standard  Chartered  Bank

Head, Treasury - Digital Venture

Singapore, Singapore
Competitive salary
22 Feb 2021
27 Feb 2021
Approved employers
Approved employer
Job role
We're looking for a Head, Treasury to work onsite within our Digital Venture office. We're a small, but growing venture, with new and exciting problems to solve. We work in project-based sprints in small, interdisciplinary teams.
As a Head, Treasury, you'd be able to work on and solve some of the many interesting challenges we are facing, learn new ways of working, and build delightful high-quality products for our customers.

Job Description
The Head-Treasury is a pro-active member of the senior management team and contributes to the leadership and management team. Reporting to the CFO, you are a key trusted advisor to the business and a guardian on treasury matters.
You would be responsible for leading all activities relating to management of funding, liquidity & Balance sheet to achieve optimal funding mix, ensure sound balance sheet management, ensure full compliance to all statutory requirements on capital & liquidity, work with the business teams to identify opportunities to improve profitability, perform regular analysis on liquidity, cash-flows, interest rate gaps and income attributions.

The Role Responsibility:
To provide leadership, set direction and oversee the Treasury function in the following areas of responsibility:
  • Funding & Liquidity Management
    • Optimize funding mix to minimize overall funding costs for Digital Venture.
    • Ensure contingency planning for liquidity crisis.
    • Ensure adherence to the enterprise level strategies for funding & Liquidity management
  • Cash Management
    • Support daily cash management and other banking activities.
    • Coordinate and settle treasury instruments including Time deposits, FX, bank guarantees, etc with SCB Singapore Ltd.
    • Support liquidity management, payment processing and intercompany settlements
    • Support cash analysis (cash balance reporting, FX transactions, etc)
    • Prepare and consolidate various treasury reporting such as periodic cash, forecast, FX exposures, etc.
  • Balance Sheet Management:
    • Drive the ALCO (Asset & Liability Committee) / assess the adequacy, monitor and ensure the implementation of the Bank's ALM policies: (i) interest rate risk, (ii) market/investment risk, (iii) liquidity risk and (v) capital risk;
    • Lead and drive the annual ICAAP and other stress test exercise.
    • Advisory:
      • Providing consistent advice to CFO / Senior management on optimal balance sheet shape (deposit and capital mix, funding and asset profile, returns, etc)
      • Optimize balance sheet mix to maximize liquidity & interest rates gaps in generating income
      • Insights on liquidity gaps & interest rates risks on the balance sheet to minimize risks for the Venture.
      • Anticipate & work out impact of regulatory and environmental changes on the balance sheet.
  • Risk & Controls:
      • Ensure adherence to structural liquidity and capital limits, authority frameworks and related minimum control standards and mitigants to ensure risk exposures material to the country remain within risk tolerance and risk appetite.
      • Monitor the strategic balance sheet measures to ensure adherence to approved limits.
      • Develop proactive engagement with business and key stakeholders in pursuit of balanced risk / return positions via discussions on liquidity and IRRBB exposures and limits, and FTP issues. Review product proposals for implementation and approval.
      • Co-ordinate with Treasury Risk teams of SC group as appropriate, to ensure implementation of the Treasury liquidity risk and IRRBB policies.
  • Governance, Regulatory Compliance & Audit
    • This role will act as the single point contact for MAS as the designated Head of Treasury for ensuring compliance with MAS treasury related regulations / notices.
    • Have and maintain good understanding of applicable laws and regulations pertaining to liquidity, capital, recovery and resolution planning and ensure that Phoenix has 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 regulator (MAS).
    • Provide effective oversight on regulatory reporting processes and ensure robust controls are in place in line with governance and control framework to ensure accuracy and timeliness in reporting to the regulators.
    • Maintenance of up to date document, such as Balance Sheet Manual, FTP reference guide, Liquidity Crisis Management Plan, etc.
    • Assist with internal and external audits, maintain records and provide test data as requested
  • System & Process Implementation
    • Key decision-maker for selection of Treasury system and responsible for the end to end system implementation & upgrades.
    • Setup processes to enable monitoring, control and reporting
  • Our Ideal Candidate:
    • 15+ years' experience in corporate treasury in multinational company, with a degree in business / finance / economics with good academic record
    • In-depth knowledge in cash management and/or FX market in region as a big plus
    • Experience with treasury management systems and SWIFT would be appreciated
    • Strong sense, knowledge and exposures to local financial regulatory environment in Singapore.
    • Demonstrated understanding of how Fintech operates differently from conventional financial organization.
    • Strong business partner who can influence and effectively challenge C-suite stakeholders.
    • Energy & desire to succeed; follows through on commitments; pushes self & others to deliver exceptional results
    • Strong collaboration, consensus building, problem resolution and communication skills are a prerequisite

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