Job Summary
Markets, Credit Trading (“CT”) provides solutions for clients through various products across regions. The Central Credit Unit (“CCU”) sits as a buy side portfolio and deploys balance sheet, capital and liquidity to achieve higher return on capital and generate higher revenue through investments in high quality investment grade spread assets.
Key Responsibilities
Business
• Responsibility includes managing and delivering appropriate returns on the CCU Portfolio which optimises the use of balance sheet through purchases and sales of a variety of spread securities.
• The role includes identifying opportunities in the spread bond market across various asset types which not only meet various return hurdles but also minimises risk and volatility whilst maintaining an appropriate level of diversity in the portfolio.
• The role requires end to end management of the portfolio from execution to booking and pricing as well as managing MTM and credit risks in a timely manner.
• The role further requires management of the rates risk in the CCU portfolio keeping in mind the total rates risk run across CT.
• Assist CT in developing and executing a strategy for optimal use of financial resource management including but not limited to leverage, funding, rwa all to maximise ROTE for the bank.
• Risk-manage non-linear interest rate risk through econ hedging.
• Generate value add through capturing medium-term ranges in dollar rates by dynamically adjusting swaps in the FVOCI book
• Macro analysis and develop model for tracking key variables.
• Credit analysis on specific credits and structures as well as the market.
• ABS and Ginnie Mae knowledge helpful.
• Trade idea generation across sovereigns, credit, MBS. Create signalling tools, fair value calculators to aid in idea generation.
Processes
• CT business and risk management processes are defined and governed in various risk, governance and control committees.
• Accountable for helping establish and maintain frameworks to ensure processes are efficient, appropriate and compliant with all internal and external regulations.
People & Talent
• Assist in training team members in CCU and in CT on how to practically run an investment portfolio from booking to pricing and risk management especially in reference to credit.
Risk Management
• The role involved active risk management on the CCU portfolio looking market and credit risks across rates and credit. The portfolio risk management is important where we consider concentrations by sector and geography. It’s important to for the person in the role to consider capital impacts from each position and from a portfolio view to assess the risk that is being run. Also, complete understanding and maintaining exposures within prescribed risk limits is essential.
Governance
• It is essential that the person in the role manages the extensive governance requirements from booking trades, report sign off and maintain requirements for SCBs risk and regulatory framework. This extends to completing e-learning’s on time.
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.
• Achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Follow PRA/FCA prescribed responsibilities.
• Comply with all applicable laws and regulations across jurisdictions.
• Conduct Principles – maintain standards of “Financial Crime Compliance”.
Key stakeholders
• Other Business teams, Risk, Compliance, Business Stakeholders and COOs
Other Responsibilities
Embed Here for good and Group’s brand and values in CIB Markets; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate
• 5+ years’ experience in a portfolio management or principal risk taking role across credit and/or rates markets
• Demonstrated track record within the banking industry, with success in comparable front office or buy side investment roles.
• Risk-taking experience over a period of years.
• Strong commercial judgement and risk awareness, with the ability to evaluate risk return trade offs and make informed investment decisions.
• Experience with structured credit and/or mortgage products is highly desirable
• Excellent interpersonal and communication skills, with strong cross cultural awareness and sensitivity
• Proven ability to collaborate effectively with geographically dispersed and diverse stakeholders
Role Specific Technical Competencies
• Risk Management – Market / Liquidity
• Financial – Yield Curves
• FM – Products – Credit Derivatives
• FM – Products – Bonds and Loans
• FM Products – Fixed Income Analysis
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 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 prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months 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.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment Assessments
Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
