JOB SUMMARY

The Product Finance role involves partnering with the business on commercial initiatives from the end to end finance perspective which includes oversight and optimisation of revenue, balance sheet utilisation, IFRS financials, understanding and providing guidance on the implementation to group financial control and risk policies with the ultimate aim of meeting the organisational objectives which include ROTE maximisation, optimisation of the usage of the balance sheet through a product perspective. 

RESPONSIBILITIES

Strategy

• Partnering with the Markets business on the oversight and optimisation of revenue, balance sheet utilisation, IFRS financials, understanding and providing guidance on the implementation to group financial control and risk policies thereby bridging the strategic Markets product goals and those of the regional and group. 

Business

• Leveraging subject matter expertise in Macro Trading and Credit Trading product areas together with in depth understanding of P&L and financial ledger representation to work with Markets business and risk stakeholders in driving towards organisational goals such as ROTE maximisation and optimisation of balance sheet usage.   
• Drive the identification and implementation of key initiatives from a Finance perspective these include new Markets Products and Business Initiatives, system enhancements and the implementation of changes in accounting regulations and optimisation of the CCIB balance sheet.   
• Provide financial stewardship to ensure efficient capital, liquid and RWA usage.   

Processes

• Support all stakeholders which includes but is not limited to business, risk, CFO’s and Country Finance teams in providing insight into accounting issues and topics which include revenue recognition and hedge accounting from the product lens. 

• Provide oversight and guidance for pre-execution and post-execution of new business initiatives, structured/bespoke transactions and new product launches. 
• Support the Markets and Country CFOs in the support of product development and solutioning for the Markets product suite focusing on Financial Market Products.
• Nurture the development of a strong external/internal network through:
• Representing the Finance function in different change initiatives working with partner such as Front Office, COO, Risk, Technology etc. and provide thought leadership on strategic business, regulatory, infrastructure, accounting and finance change initiatives through to successful execution.
• Represent Product finance in engagements with Audit/Regulatory bodies.
• Working to ensure that the business areas / regions evolve their approaches and procedures to target industry best practice and ROTE optimal outcomes. 

People & Talent

• Developing product level expertise across the organisation in terms of booking systems, accounting, valuation and the product life cycle management from a finance books and records perspective.

Risk Management

• Providing review and challenge of booking models across the Bank’s transaction processing systems.

Governance 

• Responsible for the implementation and compliance of new trade activity with the Global Markets & Group Accounting Policy
• Providing insight on the product lens to auditors and supervisors, both internal and external audit, and regulators.

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.
•    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
•    Global Head of Macro Trading 
•    Global Head of Credit Trading
•    Global Head of Valuation Methodology
•    CFO Markets
•    Head Group Accounting Policy
•    Head of Group Financial Reporting and Financial Risk  

Other Responsibilities
•    Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate

•    10+ years of experience in the financial services space

•    Education - Bachelor’s degree/Master’s degree in Finance related domains
•    Professional qualifications (eg CFA, CPA) preferred
•    Excellent knowledge of financial products (eg FX, Rates, Derivatives, Credit, Commodities)

Role Specific Technical Competencies
•    Advanced understanding of financial market products including debt securities, derivatives, equities, structured loans, repurchase agreements etc.

•    Planning: Tactical, Strategic 
•    Influencing through expertise
•    Business Process design 

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