Director Balance Sheet Forecasting

4 weeks ago

Singapore Standard Chartered Bank Full time

Job Summary

Group FP&A and Treasury have established a new, joint team that centralises resources and team members across Group FP&A and Treasury to enhance our approach to effective Balance Sheet Management. The new Group Balance Sheet Forecasting Centre of Excellence will help us drive both better outcomes, as we seek to deliver sustainable improvements in RoTE, and better ways of working for the benefit of colleagues. The team will be led jointly by Group FP&A and Group Treasury.

The Group Balance Sheet Forecasting team will be responsible for our liquidity, balance sheet and NIM forecasts, with clear business explanations and insight, and enabling optimisation of financial resource allocation across the Group. We are looking for candidates with a background in finance, treasury, risk or related functions with a passion for balance sheet management and solving business problems.

The role suits an individual able to conceptualise, problem solve and think laterally to manage dynamic and unique issues. The individual should have a strong understanding of balance sheet management, banking products, accounting methods and external disclosures and should be fluent in reading bank financial statements. Creativity and the ability to communicate clearly are essential skills for the role.

Key Responsibilities

Process and Planning

  • Act as the key point of contact on NII/NIM related matters within the Group Balance Sheet Forecasting COE and partner business stakeholders on the delivery of forecasting deliverables & the resolution of forecasting challenges.
  • Deliver performance analysis to support key external reporting events & drive the creation of various committee packs such as Group Performance Review (GPR) and Weekly Balance Sheet Review, focusing on margin analysis and the drivers of Group's NII progression.
  • Lead the review and challenge of NII and balance sheet forecasts as well as their underlying assumptions in Corporate Plan, ensuring sound relationships between projected yields with prescribed macroeconomic variables (MEVs).
  • Work closely with London and India based team members to coordinate planning and forecasting deliverables, ad hoc requests and communication with business finance teams.

Governance

  • Understand trading book and banking book products and their impact on profitability, funding, liquidity and capital.
  • Build close and effective working relationships with the finance teams in CIB, WRB and Treasury within the Group and countries.
  • Ensure Group Treasury and Balance Sheet Management operates in accordance with Group policies and Standards.

People and Talent

  • Provide knowledge and support to other team members in various locations to have adequate knowledge on the existing and new processes.
  • Collaborate with Treasury as one of the key stakeholders.

Our Ideal Candidate

  • 8+ years of experience ideally in Treasury / ALM / Liquidity Projections, Analytics or Risk function.
  • Good knowledge of funding & liquidity regulations (particularly PRA regulations).
  • Good knowledge of the balance sheet and the sources & uses of funding.
  • Familiarity with banking book and trading book products and their impact to the balance sheet, as well as funding requirements that arise from off balance sheet positions.
  • Working knowledge of Interest Rate Risk, cash flow modelling, liquidity risk, predictive models, trade simulations and Funds Transfer Pricing (FTP) mechanisms.
  • Interest in technology and be digitally literate, VBA is the minimum requirement but coding experience (e.g. in R / Python) is a strong plus.
  • Ability to understand, define and articulate business requirements in a clear, precise manner (with project management experience is advantageous).
  • Experience with dealing with strong stakeholders, both quantitatively and qualitatively when reviewing performance to agreed funding plans.
  • Experience with inputting into qualitative papers and presenting a plan, and reasons for deviations to that plan to Executive/Board level.

Role-Specific Technical Competencies

  • Balance Sheet Management Experience
  • Banking product knowledge
  • Analytical Skills
  • Stakeholder Management Experience

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.

For further information, and to apply, please visit our website via the "Apply" button below.

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