Business Analyst, IBOR Transition
- Recruiter
- Standard Chartered Bank
- Location
- Singapore, Singapore
- Salary
- Competitive salary
- Posted
- 17 Jun 2021
- Closes
- 24 Jun 2021
- Ref
- 2100013177
- Approved employers
- Approved employer
- Job role
- Business analyst, CFO
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
Business
Processes
Risk Management
Governance
Regulatory & Business Conduct
Key Stakeholders
Other Responsibilities
Our Ideal Candidate
The candidate must be a self-motivated, proactive and resourceful with an excellent network with ability to work in a fast-paced environment against an uncertain regulatory back-drop. Additional qualifications:
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.
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
Business
- Assist in delivering the Lending Project Plan for IBOR transition
- Run with Lending data analytics to source, review and analyse and report Lending exposures
- Assist in delivering Lending business risk statement to encapsulate key risks and themes emerging from the project plan and changes to business model.
- Assist in running the various Working Groups to prepare decks and meeting minutes and follow up on open actions across the Conduct Action Plan, Pricing and System readiness, and Client Engagement
Processes
- Ensure 'client-centricity' throughout the e2e delivery lifecycle where involvement can be direct/indirect
- Apply a structured methodology to deliver the project through creation/execution of a plan to support adoption of the changes
- Keep track of emerging regulatory expectations in terms of IBOR transition and evaluate the present state of infrastructure and processes of the organization against this
- Keep track of industry best practices and be an influencer in bringing about such changes
Risk Management
- Drive LIBOR transition agenda with senior stakeholders across the Client Coverage and GCM Private side Lending businesses
- Ensure detailed remediation plans are in place to address the impacted products, systems and processes, drive delivery of those plans to ensure seamless transition away from IBOR
- Assist Business and functions in establishing revised booking models, data flows and analysis and governance to ensure bank's internal readiness to transact trades and Loans referencing Risk Free Rates (RFR)
- Drive delivery of the technical deliverables within the transaction processing and systems
- Ensure MIS and workstream reporting is fit for use through investigations and data remediations
- Support relevant business and function stakeholders to identify impacted product, systems and processes
Governance
- Work with project management office to ensure measuring objectives, project integrity and quality control, proper governance around processes, performance, resources and cost tracking
- Assist in providing updates to risk committees under Client Coverage and GCM Private side Lending on the status of the IBOR project and escalate where required.
- Ensure information is correctly communicated and where necessary issues are escalated to management in a timely manner.
- Share ideas and best practice information with colleagues. Thinks beyond current boundaries of the role and contributes ideas.
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 Group IBOR project deliverables for Client Coverage 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.
- Contribute to the successful delivery of PRA/FCA and any other local regulatory prescribed responsibilities on IBOR Transition.
Key Stakeholders
- Client Coverage / GCM Private side Lending / Agency Business and Functions MT members
- Group and Country Business Heads, COOs and their representatives
- IBOR Project Managers supporting the workstreams
- Functions stakeholders - Legal, Compliance, Operational Risk. Finance, IMO, GLS etc
- The broader IBOR Programme team
Other Responsibilities
- Leverage the opportunity provided by Corporate Social Responsibility to enhance the Group's internal and external reputation and indirectly influence the bottom line.
- Promote the Group's brand and Here for good with clients and regulators.
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
- Maintain effective communication with key stakeholders and staff.
Our Ideal Candidate
The candidate must be a self-motivated, proactive and resourceful with an excellent network with ability to work in a fast-paced environment against an uncertain regulatory back-drop. Additional qualifications:
- Broad understanding of LIBOR/IBOR transition
- 5-7 years' experience/knowledge in project and change management principles, approaches, methodologies, tools and phases of the project lifecycle (both Waterfall and Agile)
- Preferably PMP / Agile Project Management;
- Excellent working knowledge of MS Excel (pivot tables, v-lookups, etc.) PowerPoint, MS Outlook, Visio, and Microsoft Project desirable
- Strategic thinker with sharp analytical and creative problem-solving skills
- Experienced in communicating and influencing a variety of audiences with strong written and verbal communication skills
- Ability to work independently and be self-motivated
- Strives to do the "right thing", not just the "easy thing"
- Must be a team player and able to work collaboratively with and through others
- Ability to clearly articulate complex issues concisely and problem-solving skills
- Excellent multitasking and prioritizing skills
- Resilient and tenacious, able to deliver amidst ambiguity and tight timelines.
- Builds trust and demonstrates integrity in all circumstances
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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