Head, Controls - Liquidity,

Job Description

• This role reports into the GPO for Liquidity, FTP and IRRBB and forms part of the Finance Operations function with business alignment to Treasury.
• The role holder is responsible for monitoring and enhancing the end-to-end controls and governance framework in respect of the Liquidity, FTP and IRRBB reporting processes owned by the function. Controls include ensuring integrity of data sourced for reporting and reconciliations of the reports with books & records and other and other regulatory returns which encompass Liquidity and IRRBB information.
• The role is also responsible for spearheading governance processes such as New Product Approvals, Risk and Control Self-Assessment under the Bank s Operational Risk Framework, Process Mapping under ARIS, representing the function at various operational risk governance committees and forums and coordinating data submissions, MI submissions to Auditors and Regulators (e.g. PRA, MAS, HKMA), BCBS 239 compliance monitoring, SLA governance and headcount and cost planning and monitoring and reporting KPIs / KRIs in respect of the function s processes to the Finance Operations Management Team and other stakeholder groups.
• The role also involves supporting strategic change initiatives in the areas mentioned above with an aim to develop processes, technology and an operating model that creates and protects value for the Bank.
• The role holder needs to extensively collaborate with peers in the team, particularly GPM for Liquidity Reporting (supporting LCR, NSFR, CFMR, Survival Horizon & other metrics) and GPM for FTP and IRRBB Reporting (supporting NII, EVE sensitivity and NTMR reporting), under both Group and National Discretion rules. The role also involves significant levels of interaction with Group Finance and Regional Treasury across the footprint for execution of SLAs and monitoring of KPIs to measure service standards and drive continuous improvement.
• The role is an integral part of the leadership team of the GPO Liquidity, FTP & IRRBB function and the broader GFS Management Team and is expected to drive strategy for process improvement, people engagement, talent sourcing and development and support strategic change delivery.
• The key measures of success that will be used to evaluate the performance of the role holder are reduction in operational risk of the processes and increase in efficiency, robust controls design and testing under the ORF, strong governance processes in respect of new products support, headcount and cost planning, strong ratings at audits and regulatory reviews and good outcomes from the internal client and employee feedback surveys. The role holder is expected to be an ambassador for the function promoting and enhancing its brand both internally within the organisation and externally.
• The overall job purpose consists of the following:
Controls and Governance
• Designing and performing checks and controls to ensure timeliness, completeness and accuracy of data which is critical to the Liquidity, FTP and IRRBB processes
• Designing and performing reconciliations aimed at ensuring alignment of the reports with books and records and other regulatory returns which encompass Liquidity and IRRBB information
• Reviewing new product proposals which impact Liquidity, FTP and IRRBB, undertake impact and gap analysis and coordinate signoff on behalf of the function
• Monitor BCBS 239 compliance for Liquidity, FTP and IRRBB reporting and drive solutions to address gaps
• Serve as the single point of contact for coordinating Internal Audit, External Audit and Regulatory reviews
• Lead the design and execution of the Operational Risk Framework for the function in compliance with the Bank s Enterprise Risk Management Framework
• Deliver process maps using ARIS for the critical areas and document the key processes and controls framework ( GPO Handbook ) and ensure these are kept updated at all times
• Execute SLAs for regulatory compliance with service recipients in Group Finance, Group Treasury and Regional Treasury and carry out service review meetings to monitor and enhance quality standards
• Establishment of a formal monthly Service Management meeting with GTO Engineering, PSS and Service Management to ensure regular monitoring of service delivery and early escalation and remediation of challenges affecting SLA
Process Efficiency
• Identifying and prioritising continuous improvement initiatives against clear efficiency and effectiveness measures. Manages KPI s for Committees
Cost and Headcount planning, Forecasting and reporting
• Undertake headcount and cost planning, monitor actuals relative to budgets and proactively enable decisions for optimisation and efficiency
Change Support
• Partner with the business, Front Office and Finance Technology teams and other stakeholders to support Transformation programmes.
People Engagement
• Drive People Engagement, Diversity and Inclusion and Sustainability initiatives for the function with an aim to develop a Future Ready Workforce within the function
• Together with the rest of the function s leadership team, drive the talent acquisition, talent retention and learning and development strategies
Committee Representation
• Function as delegate of the GPO for Liquidity, FTP and IRRBB at various governance forums and committees including Treasury NFRC, Finance Operations Steering Committees
Target Operating Model
• Custodian of the Target Operating Model for the total end to end processes within the function
• Drive MI measuring the headcount deployment and cost associated with different processes within the function
Stakeholder Management
• Engage key stakeholders across Group Finance, Regional/Country Finance, Group Treasury, Country/Regional Treasury, Finance Change Delivery, TTO and other groups in driving enhancements to controls and change delivery
• Building and developing networks within the market, external stakeholders and strategic vendors promoting the Bank and the function s brand
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.
• Lead the Liquidity, FTP and IRRBB Controls and Governance 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.
Key Stakeholders
• Group Liquidity Regulatory Reporting, Treasury (Group and Regional teams), Finance (Group and Country), Risk, Change and Technology
Our Ideal Candidate
• Finance Professionals (Qualified Chartered Accountant) or MBA (Finance) from a reputed institution.
• Certifications like FRM, PRM or CFA will be an added advantage.
• Over 15 years of relevant Change / reporting experience and 5+ years of experience in running transformation initiatives for Liquidity or IRRBB reporting function in a bank similar in scale and complexity as that of SCB.
ROLE SPECIFIC TECHNICAL COMPETENCIES
• Design of Operational Risk Framework for a process, process controls, and operational risk management
• Understanding of Funds Transfer Pricing, Liquidity and IRRBB metrics
• Understanding of Bank s business and banking products (banking book as well as trading book)
• Expertise in Data Quality exception measurement and management
• Understanding of BCBS239 principles
• Stakeholder engagement (across geographies)
• People leadership and management
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Keyskills :
funds transfer pricingenterprise risk managementoperational risk managementfront officedata qualitygap analysishuman skillsmusic making