Standard  Chartered  Bank

Chief Financial Officer, Global Markets

Location
Singapore, Singapore
Salary
Competitive salary
Posted
04 Mar 2021
Closes
28 Mar 2021
Ref
2100003230
Approved employers
Approved employer
Job role
CFO
Experience level
Qualified accountant
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

Strategy
  • The role reports into the CFO Finance Markets, acts as CFO - Global Markets
  • Global Markets (GM) will entail Macro Trading and FSS business as per current FM business hierarchy
  • The role has management oversight for the Macro and FSS Finance team & Regional business facing teams in delivering financial performance, financial & strategic planning, control and value add analytics.
  • The individual shall facilitate execution of business strategy by ensuring a robust control environment to secure a sustainable business expansion.
  • CFO will work with Regulators to ensure appropriate outcomes around current legislation, impacts of potential legislation and appropriate compliance.
Business
  • Corporate Governance
    • Business partner to Product Heads and a member of BMT - Responsible for Reporting Financial Performance and strategic advice
    • Regular Performance discussions with Product and Sales Heads
    • Participation in - Finance Top Team meetings, Weekly Balance Sheet Momentum Calls as required.
    • Alternate Chair of the Valuation and Benchmarking Committee
  • Management Information
    • Weekly Commentary and GM Tracker Report (Revenue, ROE)
    • Monthly - Monthly FM Performance Report covering Revenue, Strategy, Costs, RWA, Balance Sheet and Volumes. Sub product performance reports, Cohort analysis to ensure EVA accretive trades are being added to the book, MBR and CIB Performance slides.
    • Support populating Financials for GM Scorecards
  • Business Management & Planning Activities
    • CFO is responsible for leading the forecasting, annual budget and Strategic Plan for the underlying businesses
    • Prepare half year and full year business reviews packs, used also to provide external commentary for Investor relations.
    • Competitor benchmarking - supported by the Group External Performance Analytics team on quarterly comparisons with peers and deep dives where required.
  • Value add analytics and Strategic projects
    • CFO is responsible for providing strategic input in key projects within Business & Finance. They are also responsible for supporting decision making in an advisory capacity and providing value add analytics.
    • Balance Sheet management is a key part of the role, RWA management, returns and development of ROE for sub products. Liquidity management is key, engaging with Treasury on FTP policies and driving incentives/frameworks to attract high quality liquidity.
  • Financial Controls:
    • Support Product Control in effective application of accounting, valuation and financial control policies and procedures for Financial Markets.
  • Balance Sheet Management:
    • Support monitoring of RWA usage across products and ensure their drivers are well understood.
Processes
  • Run corporate plan process as per Group Finance guidelines
People and Talent
  • To lead, inspire and motivate the GM Finance team ensuring that everyone achieves their potential and that the team delivers its collective agenda
  • Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
  • Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
  • Employ, engage and retain high quality people, with succession planning for critical roles.
  • Responsibility to review team structure/capacity plans.
  • Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Risk Management
  • Participate in Market Risk and Traded Credit Risk discussions related to Financial Markets
  • Monitor Pillar 1, Pillar 2A and Pillar 2B usage of capital by Financial markets and optimise risk with respect to Stress Testing and other scenarios.
Governance
  • Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role
  • Responsible for delivering 'effective governance'; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner
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 as they arise in connection with the role.
Key Stakeholders
  • Chief Financial Officer FM
  • Business Heads of Macro Trading and FSS
  • CCIB Finance ExCo
  • Group Treasurer
  • Group Finance Division
  • Country/Regional CFO and In-country Finance Heads
  • Business Finance
  • Finance leads for key projects
  • Head of FM Operations & Ops Managers
  • COO
  • Traded Risk Management (TRM)
  • GIA
  • External Audit
  • Regulators
Other Responsibilities

  • Embed Here for Good and Group's brand and values in the GM Finance team
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
  • Maintain strong dialogue with relevant regulators on issues impacting the trading businesses
Our Ideal Candidate
  • Degree Holder
  • Min Experience 15 yrs +
  • Would generally expect the job holder to be a trained accountant with a recognised qualification and consequent membership of a recognised professional body. One can, however, envisage the possibility of exception where necessary skills and knowledge have been obtained through work experience.
  • Requires ongoing learning - market developments, accounting standards, capital and liquidity related regulation.
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.

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