Executive Director, Tbfx Asa - Singapore - Standard Chartered

Standard Chartered

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

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Description

Job:
Financial Markets

Primary Location:
Asia-Singapore-Singapore

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 10/Apr/2023, 3:47:13 AM

Unposting Date:
Ongoing

JOB SUMMARY
To drive incremental Financial Markets Revenue on the back of Transaction Banking (Cash and Trade) Flows. As part of the e-Distribution team, to ensure most of the revenue comes in electronically. Digitization of existing business is also key.

RESPONSIBILITIES

Strategy

Responsible for the growth of the TBFX revenue (Cash & Trade linked FX) across Transaction Banking and Financial Markets.
Manage and develop any distribution strategies and external partnerships which help enhance the product offering and client experience.

Business

Ensure product development and distribution is consistent with current and future market opportunities

Processes

Solution for integrated TB/ FM solutions across initiation, execution, post trade reconciliation and reporting.

People & Talent

Build the appropriate culture and values with clients and with internal stakeholders. The role requires the ongoing training and development of people and ensures that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks. This includes strategically grooming talent by moving talent globally. Finally, the ability to attract and retain high quality talent, with succession planning for critical roles.

Specifically:

Lead through example and build the appropriate culture and values. Set appropriate tone and expectations amongst colleagues and work in collaboration with risk and control partners.
Ensure active communication of vision, priorities and progress to the business to foster engagement, awareness and motivation
Ensure the provision of ongoing training and development of people where appropriate and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
Contribute to continuous process improvement and sharing best practice.
Lead and reinforce strategic change and ensure the organisation structure and people programs are aligned and geared towards supporting change

Risk Management

Drive a culture across Transaction Banking FX that has adherence to all Group Policies and relevant legislation covering credit, operational, reputational risk among others.
Commitment to Group Code of Conduct and act as a role model for Conduct
Timely completion of all mandatory elearning, attestations, compliance requirements and requests for information.

Governance

Create and managing pricing protocols for TBFX which are consistent with the key principle of treating clients fairly and adhere to any regulatory requirements, while reflecting volume and risk related tiers. Simplify the ability for sales teams to make pricing decisions while ensuring appropriate returns are met.
Responsible for assessing the effectiveness of the Group's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas for Global Execution Services
Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
Willingness to 'speak up' in the event of any realised or perceived breach of group conduct rules or laws by colleagues
Willingness to work with any local regulators in an open and cooperative manner.

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.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

FM Product Management
FM Sales
Head of TB Cash
Head of TB Trade
DCDA Product Management
TB Sales
TB & FM CFCC
FM COO
TB COO
External clients
External partners/vendors10 plus years of experience in banking or relevant in Transaction Banking preferred
To identify key market opportunities and trends and provide that feedback to the respective Product teams to develop bestinclass integrated TB/ FM solutions.
Lead the Global Execution Services team to achieve the outcomes set out in the Bank's Conduct Principles.
Excellent interpersonal, communication and writing skills.

Role Specific Technical Competencies