JOB SUMMARY

Part of Transaction Banking, Escrow and Account Bank Solutions enables our Corporate and Institutional Banking (CIB) Clients to mitigate risks inherent in strategic transactions such as mergers & acquisitions (M&A), capital raising, joint ventures arrangements, purchase and sale of assets, goods and services through physical and digital channels, environmental guarantees, and real estate transactions. 

As a high growth business within cash management product area, this is an exciting opportunity to lead a high performing team of experts and grow our franchise globally. 

RESPONSIBILITIES

As a high growth business within Transaction Banking, Cash Product Management, the successful applicant will lead a high performing team of experts and grow our franchise globally.

Strategy

• Shape the global escrow solution product strategy to build a robust, sustainable, and diverse portfolio encompassing: 
• Innovative capabilities to cater for variety of Escrow solutions
• Risk-return alignment with Bank’s appetite 
• Product execution and service excellence
• Support position SCB’s brand recall in the escrow solutions business

Business

• Maintain operating rhythm with Transaction Banking regional teams, origination partners and investment bank teams to commercialise and grow the escrow and account bank pipeline
• Ensure appropriate support is provided to qualify opportunities, structure, price and fulfil client transactions by the relevant teams within prevailing risk parameters
• Maintain and develop "Go to market" resources as needed such as pitchbooks, industry credentials, product collaterals, website 
• Establish SCB as a house brand for top CIB Clients amongst corporates, strategic investors and intermediaries 
• Develop tailored mechanisms to seek periodic client feedback

Processes

• Understand, upkeep and upgrade the cross functional team, operating model and technology platforms to:
• Identify and improve areas of friction in the client journey
• mitigate potential failure points from a process or risk management standpoint
• Identify operational efficiencies and eliminate non-standard processes

People & Talent

Lead by example and work with a team of senior product managers and cross functional partners in different geographies and backgrounds to provide strategic and operating direction as needed to the overall benefit of the franchise

Index the business strategy to people and execution capacity by promoting culture of collaboration across functional ecosystem, regions and escrow champions 

Risk Management

• Understand/ upkeep product programme, related country addendum ensure boundary criteria is applied to qualify opportunities and structuring transactions
• Execute new business within the framework of deal review policy, cash pricing guidelines and capabilities of the product

Governance

• Ensure basic housekeeping around revenues, financials, volumes as well as Client facing materials documentation etc are maintained.
• Work with countries to ensure governance framework is strictly followed at a deal level and that middle office activities are operating in compliance with established standards for risk mitigation including agreement negotiation & payments processing.
• Identify variations that arise from time to time and update product programme as needed.
• Ensure governance and risk management matters are brought to Group / Regional / Country governance and risk management committees, as appropriate.

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.

Key Stakeholders

• Relationship Management, Transaction Banking Sales
• Regional/Country Cash Management Product Teams
• Other product and business areas relevant to origination opportunities within CIB
• Transaction Management Group
• Legal and Compliance
• Operations/ Escrow Center of Excellence
• Product Development and
• Technology

Other Responsibilities
Embed Here for good and Group’s brand and values; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate

• 10+ years of experience in Investment banking and/ or cash management, securities services and/or Investment Banking 
• Product Management experience (deposit, liquidity or payments) is a must
• Commercial Law experience will be a plus
• Strong stakeholder management skills both internal and external
• Experience in leading and managing a team is essential
• Seeking candidates with a robust background in technology and operations or a strong commitment to fully engage with these aspects of the role.

Role Specific Technical Competencies

• Common law concepts
• Core cash management
• Process Understanding and Re-engineering

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