Job Summary

Provide day to day leadership to the India treasury team. The role holder is responsible for optimizing the balance sheet and managing the capital & liquidity resources across all South Asia countries. 

The lead will oversee the management of 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.

The individual will also be responsible for the capital, liquidity and RRP related regulatory engagement (including reporting) with the external regulators.

In addition to leading South Asia cluster Treasury, the person will double-hat as the Head of FTP for the ASEAN & South Asia Cluster playing an integral part of driving FTP strategy and agenda in the cluster in close consultation with Group FTP team.

Key Responsibilities

Strategy

•    Provide day to day leadership and direction to the SA cluster Treasury team including setting the priorities, and strategy in alignment with Country and Group priorities and overseeing the governance structure.
•    Be the guardian of the Country’s / cluster balance sheet and liquidity by expertly driving asset liability management that is transparent, trusted and well respected. Be the first line of defence responsible for managing the short-term liquidity position of the Bank
•    Always act in the best interest of the bank and never compromise the structural integrity of the balance sheet
•    Build a strong collaborative relationship with local regulators partnering on strategic regulatory changes and regulatory consultations impacting the bank.
•    Conduct the above in an efficient manner thereby maximising Group ROTE contribution

Business:

Provide oversight to country in developing and executing of strategy for optimal management of the Country’s balance sheet and liquidity in line with Country and SCB Group’s overall strategy. 

Capital Management
•    Manage capital through active RWA management with close engagement with the business and oversee capital issuances to Group and the consolidated Group (including capital /LAC issuances of subsidiaries in the region), ensuring adherence to internal and regulatory all requirements.
•    Embed robust capital planning with the businesses driving accurate forecasts, linked with funding plan. Pursue RWA optimisation initiatives to assist with local capital efficiency in conjunction with country CFOs, Credit Risk, Group Treasury, and other relevant stakeholders to minimise differences in capital held locally vs Group.
•    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.

Recovery & Resolution Planning (RRP) and Stress Testing
•    Actively optimize country capital, stress testing and RWA management outcomes across the country to deliver the strategy.
•    Provide effective oversight guaranteeing that robust controls are in place in line with governance and control framework to ensure accuracy and timeliness in reporting to the regulators.
•    Liaise with regulators and other external stakeholders to influence the external debate on policies or regulations to drive the best possible outcome for the industry and the bank
•    Lead country regulatory engagement on all RRP matters and work with the regulators on future policy and regulations through consultations.

Liquidity, Interest Rate Risk Banking Book (IRRBB)
•    Interpret, support, and implement Group Liquidity framework in the country. Guide, influence Group framework to capture local regulatory considerations and adapt policies and standards to local regulatory requirements, where these differ from Group. 
•    Identify opportunities / design incentives to improve liquidity profile. Support liability initiatives including approving use of incentive premia and review of liability cohort pricing. Manage and oversee local and Group (PRA) liquidity reporting (e.g., internal risk metrics, LCR, NSFR, Pillar 3 disclosures, IRRBB regulatory reporting etc.) ensuring alignment across internal forums.
•    Embed IRRBB related risk management as part of strategic balance sheet direction and set suitable risk limits / MATs for country to ensure compliance with Group and local board risk appetite. 
•    Adapt policy and standards to meet local requirements, if different from PRA. Encourage appropriate view of a particular risk if not currently formally recognised for country.
•    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.

ALCO, Balance Sheet Optimisation & Corporate Planning
•    Run Country ALCO on behalf of Country CFO.
•    Drive balance sheet optimisation through ad-hoc insights and analysis at the ALCOs to improve returns and the structural integrity of the balance sheet. 
•    Partner with CIB & WRB to ensure strategic growth in the corporate plan continues to improve on entity returns and has a resilient capital and liquidity position, 
•    Propose appropriate returns for businesses; challenge low returning assets and consider adjustments/incentives.
•    Corporate plans to ensure (i) capital and liquidity robustness and (ii) optimal returns for country. Present / review / sign-off corporate plan for country, jointly with relevant CFO
•    Manage the local deposit working group, OPAC forums that help in liquidity forecasting and management. 

Funds Transfer Pricing (FTP) Management (Covering all ASA countries)

The Treasury Funds Transfer Pricing (FTP) team establishes, manages, and oversees the methodologies and standards under which sources and uses of bank funding are transfer priced based on interest rates, liquidity and the asset & liability management frameworks. This role doubles up as the Head of FTP for the ASA cluster playing an integral part of driving FTP strategy and agenda in the cluster, in close consultation with Group FTP team. The role also supports the Head of Global FTP in forming key policies and frameworks which aim to standardise how FTP principles are applied across the countries within the Group.

•    Support the Head of Group FTP in designing policies and frameworks for FTP applicable to all markets
•    Interpret and implement Group FTP policy as it applies to the countries 
•    Drive the Global FTP agenda in ASA countries, engage with all ASA Country Treasury and Treasury markets teams for implementation and execution of new FTP policies in the Region.
•    Maintain oversight of FTP and work with local country business / treasury / finance teams to propose adjustments / incentives to maximise commercial outcomes for all ASA markets as required
•    Lead and represent all ASA markets in the Global FTP Community of Practice forums and discussions and support the Global Head of FTP to drive the agenda for the Group and all ASA countries
•    Coordinate with country / region / group Treasury and business stakeholders and represent their voice on the product backlog at the RGI and FTP forums.
•    Optimize value delivery through Continuous Improvement through relevant data and frequent feedback from stakeholders, SMEs, and customers.

As an adjunct to the above responsibility, the jobholder needs to always be aware that some of the units within Treasury are pure control functions (policy making, limit setting and monitoring) while others have first line responsibility to manage risk and optimise deployment of liquidity within prescribed limits (Treasury Markets).  This makes it incumbent upon the jobholder to ensure that their job objectives and scorecards reflect this difference and that incentivisation is aligned carefully to these.  Through all of this, the jobholder must prioritise the integrity of the balance sheet above all else and must make it clear to everyone in, and outside, the function that this is non-negotiable.

Processes

•    Define & Drive the Fit For Growth process simplification, standardisation and digitalisation agenda. 
•    Run the defined operating model fully aligned to Cluster / Group Treasury and supporting the Fit For Growth cost target. 
•    Implementation of policies and control standards within the Treasury process universe, and management of processes and associated risks including activities within the processes which are carried out by onshore functions or hubbed or outsourced units.
•    Operational excellence – Not only ensure consistency of processes in the country but embed a continuous improvement mindset, defining on an ongoing basis the transformation journey. Partner with Cluster Treasury and eventually Treasury COO to establish priorities and translate the vision into regulatory & analytical deliverables augmenting country capabilities. Operational Risk - cesses and procedures and mitigate operation risk within liquidity and capital management and reporting processes. 
•    Ensure consistent capital and liquidity management processes operate in the country in line with best practice and operational risk framework.

People & Talent

•    Build a strong country treasury team to support the country / cluster / Group strategy of the franchise, leading through example and instilling the appropriate culture and values. 
•    Pro-actively manage the skills in the country based on the current needs but also the future needs as per the new operating model. 
•    Contribute to talent management and learning & rewards and promote a culture of learning and self-development.
•    Ensure the provision of ongoing training and development of people so that holders of all critical functions are suitably skilled and qualified for their roles and that effective supervision is in place to mitigate any risks.

Risk Management
•    Manage the country’s balance sheet and liquidity to within agreed limits. Ensure that a robust liquidity position is maintained and that any surplus liquidity is deployed prudently in line with the Bank’s objectives
•    Through assignment to direct reports (as applicable), for businesses under area of responsibility, ensure that adequate and appropriate systems, controls and procedures are in place to comply with
•    Adhere to Group and Business policies, procedures, standards and codes, including those governing all Risk types, Compliance, Technology and Operations, Finance and Reputation
•    Proactively advise and monitor all major risk issues and concentrations. Where appropriate, direct remedial action and/or ensure adequate reporting to Risk and other stakeholders
•    Support the Risk Framework Owner for Capital and Liquidity risk, with responsibility for the overall second line of defence responsibilities related to Capital and Liquidity risk management in the country, which involves oversight and challenge of risk management actions from the First Line, including the following:
o    Set, maintain, and effectively communicate risk limits/MATs in line with the Group’s Capital and Liquidity Risk Type Framework (“RTF”) and country regulatory requirements.
o    Monitoring compliance to Capital and Liquidity Risk Appetite using the relevant committees and reports and highlighting significant matters for the attention of senior management and senior risk committees. 
o    Overseeing and challenging activities gathered on the control environment through the Group Operational Risk Type Framework (“ORTF”) to assess the effectiveness of the Capital and Liquidity RTF and quality of its implementation. 

Governance

•    Take personal responsibility for understand the regulatory and compliance requirements of the role. Understand and comply with, in letter and spirit, all applicable laws and regulations, including those governing anti-money laundering, terrorist financing and sanctions, the Group’s policies and procedures and the Group Code of Conduct.
•    Effectively and collaboratively identify, escalate, mitigate, and resolve risk and compliance matters.
•    Assess the effectiveness of arrangements to deliver proper governance, oversight and controls in the Capital and Liquidity Risk framework and, if necessary, oversee changes in these areas.
•    Deliver ‘effective governance’; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner. 
•    Enforce a culture of risk management, control and governance, and ensure that the Treasury Markets teams comply with the risk management processes in place
•    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 country Treasury team 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.

Key stakeholders

•    Actively engage all stakeholders to raise their awareness of Liquidity and Funding risk, Capital Risk and Earnings risk and how these are managed by the Treasury Function.
•    Ensure that risk decisions are transparent and supporting rationales are explained in a professional and courteous manner, especially when turning down proposals.
•    Actively engage regulators in conjunction with country CEO and CFO – take the lead to understand and shape their expectations.
•    Internal stakeholders including country, business heads, Cluster CEO, CFO, Cluster Treasurer besides peer group in Treasury.
•    Members of relevant committees e.g., ALCO, Cluster Committee, OBSC, GALCO
•    External stakeholders including the PRA, country regulators and the Group’s external auditors. 

Other Responsibilities
•    Embed Here for good and Group’s brand and values in Treasury.
•    Discharge other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Qualifications

•    Education: Degree level
•    Training: Complete all required mandatory & developmental training - role specific, and regulatory/compliance bank wide
•    LiCenses: As per local regulatory requirements
•    Membership: Per local regulatory requirements
•    Certifications : Per the local and global regulatory requirements
•    languages : Business level English 

Skills and Experience

•    Strong understanding of the broader banking environment and the associated business challenges developed through experience in the industry.
•    Knowledge of country regulatory environment and requirements, as well as, ideally, knowledge of regulatory requirements in other key Group markets.
•    Sound understanding of balance sheet management, oversight, and control frameworks.
•    Strong leadership qualities, excellent interpersonal, influencing and stakeholder management skills.
•    Analytical inquisitive nature and sharp business acumen, the ability to assess risk and appropriate levels of return and thereby optimise business performance.
•    Strong sense of integrity and financial independence with an ability to challenge where deemed necessary.
•    Excellent communication skills, written and verbal, given the need to deliver consistent and compelling messages to internal and external stakeholders.
•    Proven ability to manage highly diverse teams in widely dispersed geographies.
•    Strong management and people development track record.
•    High level of resilience and maturity to operate in a result driven and fast-moving environment. 
•    Academic degree from a well-recognised institution.
•    Minimum 15 years of finance/treasury related work experience in the banking sector.
•    10+ years of experience in balance sheet management activities in the financial industry.

Role Specific Technical Competencies

•    Capital Management
•    Balance Sheet Management
•    Liquidity Management
•    Resolution Planning
•    Financial Products & Markets
•    Governance, Regulation and Risk Management – Corporate Governance
•    Governance, Regulation and Risk Management – Regulatory Compliance
•    Governance, Regulation and Risk Management – Risk and Control
•    Effective communication
•    Influencing through expertise
•    Knowledge of organisation 
•    Financial Analysis
•    Finance and Accounting

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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.