JOB SUMMARY
Standard Chartered is a major player in Transaction Banking (TB), combining deep local knowledge and global capability to offer the full scope of innovative, customised solutions in trade finance and cash management. As a top global Transaction bank – we are a key driver of Corporate & Investment Banking (‘CIB’) aspirations, contributing to more than a third of CIB revenue. We have a unique business focus on enabling trade, investment and supply chain financing for, in and out from Asia, Africa and the Middle East. We aim to be a one-stop gateway providing supply chain and liquidity management for corporates and financial institutions. And we are committed to using our cross-border network to facilitate our local clients' growing trade and investment flows and cash and liquidity management needs across our business footprint.

 
Standard Chartered’s Cash management business sits within its Transaction Banking business with presence in over 40 countries. It offers a holistic suite of payment and liquidity management solutions to our clients whilst being at the forefront of product innovation. Cash Management business is a key CIB pillar and major contributor to the bank’s overall liquidity pool, revenue and returns. It is a significant and value accretive business with tremendous opportunity for further growth. 

Standard Chartered’s Financing and Securities Services (FSS) business provides a range of products and services to clients. The core offerings of FSS include Custody, clearing and fund services. It has a large and expanding network presence in emerging markets and is focused on digitization and product capability expansion, especially in the digit assets space.

RESPONSIBILITIES

Strategy, Business Processes
•    Responsible for the full end to end P&L and balance sheet oversight of the Global Cash Management and FSS Businesses.

•    Drive performance management activities and ensuring the Global Cash Management and FSS organization reach their financial targets.
•    In conjunction with the Business Head of the Cash Management Business and his team, craft and drive the mid-term and long-term strategy for the business.
•    Create, tailor and deliver key external and internal messages regarding the strategy and performance of the business.
•    Lead the annual corporate plan and target setting process for the Cash management and FSS organization, liaising with Group FP&A, Treasury, regional and country business heads to ensure a robust business plan with sufficient challenge and rigor.  Link the business plan to the overall business strategy and key performance metrics (KPI’s) and ensure full visibility and transparency on performance across all metrics.  
•    Act as a senior business advisor to deliver business insights and high impact, executive ready analysis to drive performance and enable management decision making. Thorough understanding of the underlying drivers of the Cash management and FSS business and regularly present opportunities and levers to drive revenue and returns performance.
•    Active engagement at regional and global Management Business Reviews to drive performance management and cost discipline, ensuring regional and global alignment on financial outlook and forecast.  
•    Drive a robust and accurate flash and forecasting process across P&L and Balance Sheet, ensuring quality of inputs as well as consistency of formats, definitions, and methodologies across regional teams.
•    Anticipate, assess and communicate the impact of changes in liquidity, interest rate, fund transfer pricing to the TB business, including proposals for mitigating activities. 
•    Active engagement and partnership with Treasury and CPM organization to influence and ensure alignment on FTP policies and OPAC classifications and ensure the right incentivization frameworks in place.
•    Active awareness and thought leadership on market trends/industry developments and deliver robust competitor benchmarking & peer analysis to understand Cash and FSS performance against peers and influence business strategies regarding product innovation and best practice to optimize our market position. 

•    Develop and maintain appropriate policies and procedures which ensure that the cost budgets are rigorously adhered to, that resources under the direct control and influence of the Cash and FSS businesses are spent carefully, and only in support of Businesses PMC or Group approved plans and initiatives. 
•    Ensure that investment costs are properly managed and accounted for, including inputs into business cases with clearly defined benefits, articulated in sufficient detail to enable subsequent benefits tracking.  
•    Spearhead deep dives and strategic initiatives to drive continuous improvements to the business’s returns thereby optimizing RoTE and capital usage.  

People & Talent
•    Support the Transaction Services CFO in setting broader team priorities and initiatives, adopting an ‘agile’ approach to book of work management and prioritization, tracking team commitments and deliverables towards the collective goals. 
•    Lead through example and build the appropriate culture and values.  Guide, inspire and motivate the TB Finance offshore team, acting as their mentor and investing in their growth plans to ensure that each individual achieves their potential. 
•    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.
•    Ensure BAU processes offshore are robust with sufficient four eye checks, supervision, back up and succession planning in place to ensure accurate and timely deliverables for Cash Finance. 

Risk Management
•    Lead finance activities relating to business realignment and restructures including change management and restatement of financial and management reporting, corporate plans, scorecards, reporting structures, and financial systems as well as tracking and reporting of cost synergy achievements.
•    Champion the TB Finance Change agenda by spearheading key initiatives to drive a “Best-in-Class” finance function with a specific focus on reports simplification, centralization and standardization.  

Governance
•    Active engagement and challenging committee representation at the Cash Management and FSS Monthly Business Reviews (MBRs), Quarterly Performance Review (QPRs), Non-Financial Risk Committee (NFRC) and other relevant governing bodies.
•    Internal / external audit faceoff, including Stress Testing review for Cash Management and FSS Businesses 
•    Deep understanding and application of complex products, accounting, systems, controls, substantiation to New Product Approvals (NPA), industry/market developments (ie. IBOR transition, Basel IV) and accounting policy changes. Keep abreast with evolving regulatory changes and its impact on the Cash Management business. 
•    Oversight of existing booking model and the data standards to drive consistency in Cash Management and FSS businesses across geographies, with active participation in developing new booking model and ensure appropriate accounting flow. Responsible for review & approval of Cash and FSS Product Programmes (PPGs) on behalf of Global Finance. 
•    Responsible for the global effectiveness of the application of accounting and financial control policies and procedures for Cash, including working with Country and Regional CFOs to ensure the interfaces between the transaction booking system and the accounting infrastructure is properly maintained and controlled.  This includes conducting regular financial reviews and health checks, driving consistent booking models across the regions’ transaction processing systems.
•    Oversight of manual journal postings to ensure consistent, appropriate booking is undertaken and manual bookings are reviewed and adequately challenged.     
•    Ensure Balance Sheet Reconciliation and Substantiation is effective through understanding the front to back operational risk framework and controls for Cash, in line with Group Policies. 

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.
•    Lead to achieve the outcomes set out in the Bank’s Conduct Principles

Key Stakeholders

•    CFO, Transaction Services 
•    Global Business Head of Cash Management
•    Global Business Head of Financing and Securities Services
•    Global Cash Management COO
•    Global FSS COO
•    Cash Management MT members
•    FSS Management MT members
•    Credit & Portfolio Management (CPM)
•    Group Treasury & Various ALCO Representatives
•    Head of CIB FP & A
•    Group Investor Relations 

Other Responsibilities
Ember ‘Here for Good’  and Group’s brand and values in the TB Finance team and ensure a strong influence in the Group’s external messaging and positioning.  Perform other responsibilities assigned under Group, Country. Business or Functional policies and procedures       

Our Ideal Candidate
•    Qualified Accountant, with degree in finance or economics; MBA/CA or other post graduate qualifications
•    15+ years relevant experience in performance management or business finance partnering, gained in financial services/banking sector

Role Specific Technical Competencies
•    Manage Conduct
•    Manage Risk
•    Manage People
•    External Reporting
•    Risks and Controls
•    Performance Management
•    Balance Sheet Management
•    Tax Management
•    Regulatory and Compliance

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.

Recruitment Assessments

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers