Fp&a Basel 3.1 Lead - Singapore - Standard Chartered

Standard Chartered

Verified Company

Singapore

2 weeks ago

Posted by:

Wei Jie

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Description

Job:
Audit, Accounting & Finance

Primary Location:
Asia-Singapore-Singapore

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 31/Oct/2023, 3:04:16 AM

Unposting Date: 14/Nov/2023, 5:59:00 PM

The Role Responsibilities

The Group Financial Planning & Analytics team is collaborating with Risk, Treasury and Business stakeholders to transform the way we forecast, plan, and allocate financial resources and we are building a team to drive and deliver this change work. Basel 3.1 is a major regulatory change that requires us to become more sophisticated in how we manage our balance sheet to optimise for RoTE.
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.

Responsibilities

A leading role within Group FP&A focused on transforming the process for Risk-Weighted Assets (RWA) forecasting, planning and stress testing and providing actionable insights on business performance.

Manage endtoend Basel 3.1 change delivery for Group FP&A analytics and stress testing activities, working closely with BAU team. Scope includes preparation of a work plan to transition current analyses and reports into new regulations, tracking and ensure completion before 1 Jan 202
Support the development of output floor allocation methodology for BAU forecasting, corporate planning and stress testing.
Drive forecast & corporate planning process and related MI requirement changes.
Drive changes to performance management with actional insights into drivers of RWA, including risks and opportunities to budget. Support Board and MT updates on Planning as appropriate.
Work closely with London, Chennai, Bangalore, Poland and Singapore based FP&A colleagues to coordinate RWA deliverables, ad hoc requests and communication.
RWA analyses support regular Board reports, Group Management Team updates and Group Performance Review ("GPR").
Deliver performance analysis on RWA to support key external reporting events including half and full year results and interim management statements.
Work closely with process owners in Management Reporting and Planning to ensure RWA analyses are timely, accurate and consistent with across FP&A outputs.
Form strong relationships with internal stakeholders, both in finance and global functions. These typically include business/regional CFOs, FP&A teams, Treasury, Risk and Regulatory Reporting.

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 Group FP&A to achieve the outcomes set out in the Bank's Conduct Principles.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

Group FP&A
Treasury Capital and Funding team
Group Regulatory Reporting
Group Risk
Business Finance teams
Investor Relations
Group Strategy
Solo Balance Sheet Management team
Strong academic record at bachelor or master's degree level in business, economics, finance, financial engineering or related field from a wellrecognized institution
10+ Years of experience in FP&A, Balance sheet and Basel
Excellent communication, power point and excel skills
Working knowledge of Python, OBIEE (PMI/RMI/MRC), Hyperion
Proven strategic and analytical skills with a strong appetite for finding facts and offering solutions
MBA, CFA or FRM or accounting qualification will be considered positively

Role Specific Technical Competencies

Capital Reporting, Forecasting and Optimisation
Experience with RWA calculation engine and Risk system (e.g. BCRS/RMI)
Familiarity with Basel capital regulations
Business Finance
FP&A
Treasury
Stakeholder Management

About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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