Manager, COFF and Cost recruitment
Job Description
Group Treasury - Background
Group Treasury works closely with senior management, the businesses, Country CEOs, Group Finance, Group Market Risk and Corporate Affairs to manage and optimise the bank's capital, liquidity and balance sheet position. GT is organised into the following three teams, based in London, Hong Kong and Singapore.
Capital Management
Responsibilities: Capital raisings and buy-backs, and management of FX. Optimisation of group capital, this includes forecasting and monitoring of group regulatory capital requirements.
Liquidity and Balance Sheet Management
Responsibilities: Oversight of strategic liquidity, including limits and pricing of internal funds, forecasting of the group's balance sheet including key liquidity ratios, lead on liquidity related regulatory work and management of the group's connected lending limits.
Regional and Business Treasurers
Responsibilities: Providing guidance and advice on local balance sheet management, working with the country Asset and Liability Committees across the SCB network. Key areas of contribution include maintaining optimum capital structure, healthy liquidity ratios, regular dividend flows, product pricing and specialist input in relation to ICAAP, acquisitions / disposals and interaction between country, the businesses and group.
Group Treasury also acts as a participant and secretary to the Group Asset and Liability Committee, Liquidity Management Committee and Capital Management Committee
Group Treasury Finance - Background
Group Treasury Finance supports Group Treasury by:
* Providing financial information to assist decision making within the various teams.
* Providing feedback to both Group Finance and Group Treasury on cost and revenue performance for the GT Europe region, including the preparation of actual, forecast and budgeted results in consultation with Group Treasury.
* Ensuring that IFRS hedging requirements for GT hedges are properly documented and managed in accordance with IFRS requirements.
* Ensuring that UK Head Office structural and non structural FX exposures are controlled and managed.
* Acting as a source of expertise for Group Treasury products, assisting Group Treasury in the accounting implications of their transactions, as well as explaining the impact of these transactions to Group Finance and UK Finance stakeholders.
Group Treasury Finance also supports UK Finance and Group Finance in providing high quality IFRS submissions to the Group Financial reporting process for all complex Group Treasury Transactions. We also liaise closely with our Group Finance colleagues in terms of both the regulatory and IFRS impact of any GT transaction.
Key Roles Responsibilities
Financial decision support:
* Prepare GT's Cost Performance Management Committee pack and all associated reporting.
* Cost budgeting, forecasting and support for Treasurer and Treasury BPM.
* Manage the current Cost of Free Funds process, for forecast, budget and actual results.
* Own the reporting for Group Treasury balance sheet, meeting the needs of GT Front Office, including ad hoc queries and forward looking scenario analysis. Manage the associated control issues that arise from this process.
* Cross train (over time) and serve as backup for:
o Daily / monthly revenue reporting and related queries.
o Review of GT's Earnings at Risk report prepared by Group Risk.
Financial / Regulatory reporting:
* Cross train and serve as backup for:
o IFRS Derivatives disclosures as they pertain to GT activities.
o IFRS interest paid and received pack disclosures and associated balance sheet disclosures.
o Tax information submitted to Group Tax based on actual results.
Operational risk:
* Ensure strong controls exist over Group Treasury's cash position.
* GT Balance sheet control framework.
Projects:
* Contribute to various GT Finance projects as needed.
Qualifications Skills
Essential
* ACA / ACCA / CiMA qualified with a strong financial accounting background.
* The ability to plan and structure workload, as well as negotiate priorities with fellow team members, soliciting help on key projects where required.
* Flexible approach to support projects as necessary.
* Ability to communicate well with all levels, including senior management and global colleagues in other countries.
* Process driven - must be able to design, sell and implement new processes.
* Leadership: ability to lead without position or title by generating consensus with and engagement in the project by key global stakeholders.
* Team player.
* Understanding of interest calculations within a banking environment.
* Strong Excel skills, competent in MS Office suite of products.
* Ability to innovatively solve problems / overcome obstacles
* The ideal person will also have the gravitas to liaise with senior stakeholders, have proven project management experience, and previous experience in large Finance or Treasury function.
* The nature of the role will occasionally require longer than normal working hours in order to meet project or reporting deadlines. The successful applicant must be able to make allowances for this.
Preferred
* Knowledge of SCB Finance systems (PSGL, Doris, eBBS, PCS, Hyperion / Essbase / HS9).
* Experience in one or more of the following roles: Treasury, Cash Management, Treasury Accounting, FX, Payments, Risk, Liquidity, and Cost Management.
* Knowledge of IAS39, IAS21 and hedge accounting requirements.
* Solid knowledge of derivative disclosure reporting (This will be required to achieve the cross training / backup objectives of the role)
Diversity Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.
