Business and Functions Manager, IBOR Transition Programme
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
Scope of Role
Standard Chartered serves clients in four segments (Retail Banking, Private Banking, Commercial Banking and Corporate & Institutional Banking) in over 60 markets. Many of the products and services provided to our clients are based on Inter-Bank Offered Rates (IBORs). These rates are being phased-out over the next two to three years. This transition, to new Alternative Reference Rates (ARRs), is being managed by the IBOR Transition Programme.
The Business and Functions Manager role will be responsible to drive Drive LIBOR transition agenda with senior stakeholders across Business, Functions and geographies, as part of the Programme.
In this role, the successful candidate will be exposed to a highly dynamic area of Standard Chartered and have the opportunity to directly contribute to the delivery of the IBOR Programme, one of the top 20 programmes at the Bank.
This role will provide the successful candidate with the exposure to the broader Chief Operating Officer community, as well as numerous Businesses and Functions.
The Role Responsibilities
Our Ideal Candidate
- Drive LIBOR transition agenda with senior stakeholders across Business, Functions and geographies
- Support Business and Function stakeholders to identify the impacted product, systems and processes,
- Ensure detailed remediation plans are in place to address the impacted products, systems and processes, drive delivery of those plans to ensure seamless transition away from IBOR
- Assist Business and functions in establishing new booking models, valuation models, data flows, accounting, settlements, governance to ensure bank's internal readiness to transact trades and Loans referencing Alternative Reference Rate (ARR)
- Drive the delivery of the technical deliverables within the Transaction processing and systems used by Operations
- Coordinate with the Business and Functional leads and update the programme central team on any key issues
- Working with project management office to ensure measuring objectives, project integrity and quality control, proper governance around processes, performance, resources and cost tracking
- Strong understanding of derivatives transactions in particular of Interest Rate linked derivatives, Loans and Bonds, prior experience in Private Banking and Wealth Management or operations will be preferred
- Knowledge of E2E Derivative, Cash and Bond trade life cycle, data flow between systems, booking models, settlement process, capital requirements (RWA), accounting treatment (hedge accounting) etc.
- Prior experience in Product valuation, Market / Credit Risk or operations will be preferred
- Experience in working on a regulatory transformation initiative
- Perform high quality project management, resources, scope, and quality, work closely with development and testing teams as the project crosses milestones towards delivery
- Ability to articulate complex issues concisely, communicate effectively and comfortably and problem-solving skills
- Strong ability to influence people without direct authority
- Strong interpersonal and relationship building skills to successfully drive IBOR transition agenda with senior stake holders
- Ability to work in a cross-functional team spread across multiple geographies
Apply now to join the Bank for those with big career ambitions.