The Role Responsibilities
Key responsibility of the role holder is managing Treasury Risk for the Greater China and North Asia region as the Senior Manager supporting the HK Treasury CRO as effectively the deputy for the function. This means providing review and challenge and 2LOD Treasury Risk for one of the largest balance sheets (HK) as well as oversight of the key entities across North Asia including China, Korea, Taiwan and Japan.
The role will include policy development, framework review and relevant ALCO review and challenge particularly for the GCNA region which encompasses one of the largest balance sheets of the Group. The key responsibilities in this regard will include Reviewing and maintaining the Treasury Risk Type Framework; Proposing Treasury risk appetite, reviewing policies and monitoring compliance; crucially reviewing various topics and papers from ALCO committees and other committees such as Operational Balance Sheet Forum and the Operational Accounts Forum. The role requires strong stakeholder management skills given the committee includes the Corporate and Retail business heads whereby Risk will need strong representation to manage and represent arguments to these stakeholders on a regular basis on behalf of Risk as a whole. Strategy
Treasury CRO acts as the 2LOD to the Treasury function and performs a Risk advisory role to ensure the balance sheet across capital, liquidity and interest rate risk on the banking book is protected via risk management and review and challenge of 1LOD processes and provides recommendations to key committees and senior management. The role both partners with the 1LOD to provide a better risk outcome and optimisation of balance sheet/PnL whilst at the same time providing a strong 2LOD with independent objective recommendations and staying close to regulator (i.e. HKMA) feedback in strengthening risk management and resilience for the Solo balance sheet.
Key objective to translate reviews into strategy recommendations into strategic Corporate plan changes (capital, funding, NII) and operational plans.
Embed new frameworks, policies and MAT/limits particularly where they are not currently formalised. Drive systems development such as the IRRBB implementation by guiding the strategic principles across Traded Risk and Treasury.
Treasury CRO principles are:
- Best in class advisory to 1LOD for enhanced balance sheet resilience and optimisation
- Strong and objective 2LOD risk management recommendations defendable to the MT, Board and PRA
Align strategy of the Treasury CRO Risk function with business strategy (Treasury, CCIB, CPBB) and risk appetite and oversee its execution.
Leadership responsibilities across primary focus areas:
- Liquidity - Challenge current liquidity risk footprint, encouraging new approaches, and enhanced frameworks for a safer and less expensive Solo balance sheet. This includes the management of stresses to withstand both market and name specific stress events.
- Funding - Enable the creation of a strategic funding plan in partnership with the first line, removing costly and more risky funding products and working with Treasury and FM/CPM to push for Term and Secured Funding solutions (OpCo MTN, Secured SPV vehicles, Repo transactions)
- Regulatory - Prudently oversee and review Solo regulatory metrics including LCR, NSFR, Leverage, CET1 and Total Capital, calibrating risk appetite with the 1LOD and other key ratios alongside each country's local statutory requirements.
- Capital - Working with the 1LOD to establish BAU and stressed CET1 and leverage benchmarks and credible management action plans working with FM given the lack of trading management actions
- Risk Management/IRBB - Proactively manage interest rate risk hedging with the 1LOD, guiding them to better metrics and stable hedging programmes to both minimise inherent balance sheet volatility and to stabilise income.
- Treasury Markets - Review and challenge current TM 1LOD portfolio of HQLA/non-HQLA and short-term interbank exposure, supporting regulatory requirements, managing surplus liquidity and balancing returns with risk appetite with particular focus on FVOCI risk appetite
Provide thought leadership on balance sheet, capital and liquidity management issues globally while working closely with Solo business and functional partners to deliver resilience of the balance sheet as requested by regulators. This includes benchmarking to peers and challenging current practices. Processes
People and Talent
- Manage and oversee the Risk Appetite process and calibration of Treasury Board Risk Appetite metrics as well as local MATS, ensuring we maintain a clear statement of risk appetite for all Treasury risk types.
- Continuously improve the operational efficiencies and effectiveness of risk management processes across the EA region.
- Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the team and work in collaboration with risk and control partners.
- Bring different discipline types together given diverse and broad nature of role (capital risk, liquidity risk, Treasury Markets risk, IRRBB risk, Risk Appetite)
- Ensure the provision of ongoing training and development of people, and ensure holders of all critical functions are suitably skilled and qualified for their roles such that they have effective supervision in place to mitigate any risks.
- Employ, engage, develop and retain high quality people, with succession planning for critical roles.
- Responsibility to review team structure/capacity plans.
- Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
- Continuously review the risk profile for the region and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
- Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate.
- Through assignment to direct reports, for regions and businesses under area of responsibility, ensure that adequate and appropriate systems, controls and procedures are in place.
- Adhere to Group and Business policies, procedures, standards and codes, including those governing all Risk types, Compliance, Technology and Operations, Finance and Reputation.
- Proactively advise and monitor all major risk issues and concentrations. Where appropriate, direct remedial action and/or ensure adequate reporting to Risk and other stakeholders.
Regulatory & Business Conduct
- Enforce a culture of risk management, control and governance, and ensure that the Treasury Markets teams comply with the risk management processes in place.
- Take responsibility for guiding and influencing stakeholders, to ensure the balance sheet of the Bank is managed in line with the relevant governance guidelines and standards.
- 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.
- Lead the EA Treasury Risk team to 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.
- Treasury 1LOD Capital & Liquidity teams, GCNA Regional Treasurer, ALCo members, FP&A, CFO function, FM trading desks, Credit & Portfolio Management
- External stakeholders including the HKMA
Our Ideal Candidate
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
About Standard Chartered
- Academic or Professional Education/Qualifications:
- Minimum degree from an accredited university and professional qualification like MBA, CPA etc.,
- Substantial experience at the highest level in the banking industry with specific expertise in Treasury activities and risk management Business Strategy and Model: Sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness and sensitivity.
- Strong experience in Treasury Market Risk, Treasury Credit Risk, Capital Risk and IRRBB.
- Risk Management and Control: Demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base. Expertise in process design and control.
- Significant relationship management experience - with external stakeholders at the most senior levels, including regulators and rating agencies.
- Licenses and Certifications/accreditations: on Treasury, Balance Sheet Management, if available
- Regulatory Framework and Requirements: Awareness and understanding of the regulatory framework in which the firm operates
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Recruitment assessments -
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
- Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks 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
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