Job Summary
The jobholder will be responsible for management of the Bank’s liquidity in various currencies under the oversight of other Senior managers. A key responsibility will be to ensure the Bank is well funded while regulatory requirements are efficiently complied with.
Key Responsibilities
• Responsible for cash and liquidity management in 10+ currencies by dealing in swaps, repos, interbank, intragroup and other money market products
• Participate as a Primary Dealer in MAS money market operations
• Manage liquidity risk within limits (both internal and regulatory) while driving overall B/S profitability
• Keep abreast of market conditions and suggest funding and/or deployment ideas, as appropriate
• Use AI to enhance B/S modelling and analysis to communicate and capture potential opportunities
• Understand and monitor key P&L drivers for Treasury Markets and drive Bank RoTE
Strategy
Estimate and plan for the internal funding and deposit taking requirements of the Bank:
• Liaise with other business units to obtain the best possible view of asset pipelines and forecast liability generation
• Communicate the funding requirements / excess liquidity position with the Local Head of TM Liquidity; Convey capacity on limits
• Ensure adherence to all regulatory requirements and all internal liquidity metrics
• Determine the level of marketable security holdings to facilitate the Bank making payments within the local RTGS system
• Raise a flag to senior management on any concerns over the Bank’s capacity to easily meet projected funding requirements
Business
Meet all funding and deposit taking requirements whilst maintaining regulatory, stress and prudent liquidity requirements:
• Access the money markets as required; either with other banks directly or through interdealer broker; raising and placing
liquidity to ensure liquidity limits are adhered to whilst maximising economic value to the Bank
• Being proactive in raising liquidity when it is cheap, deploying it when it is expensive
• Proactively establish and maintain good relationships with direct wholesale customers, including central banks Swap funding
between currencies to meet liquidity requirements and to minimise funding costs
• Move funding between Treasury Markets desks as required
• Participate in local central bank operations and facilities as required
• Provide oversight to Treasury Markets Analytics in ensuring adequate intra-day liquidity to facilitate all payments / to meet pay-in obligations with CLS (in relevant centres)
• Liaise with the repo desk in order to manage a stock of eligible collateral for use within the LAB or act as intraday collateral for RTGS
• Preposition eligible securities at the local central bank to be used as backstop liquidity (where available)
• Forecast and advise the Treasury Markets Liquidity Manager should there be a requirement to purchase securities to meet the statutory, stress, payments or prudent requirements
• Forecast and advise Treasury-Markets Liquidity Manager, should there be a requirement to raise medium term funding
• Issuances out of SCB Singapore under the CD/CP Programme
Risk Management
Operate within Treasury Markets liquidity and credit limits:
• Provide oversight to Treasury Markets limits
• Flag any potential liquidity limit issues to the TM Team in advance
• Flag any potential credit limit issues to the TM Team in advance
• Assist Head of Treasury Markets, Singapore to request for temporary and permanent limits to GMR and Credit, where appropriate
• Assist Head of Treasury Markets, Singapore to maintain desired ratios as directed by the Group
Processes
Discuss and agree with the Head of Treasury Markets, Singapore to produce daily yield curves for the Bank’s marginal cost of funding in local and major foreign currencies, fixed and floating, for funds transfer from or to the rest of the Bank:
• Ensure this curve encourages an overall balance of liquidity yet does not unduly disadvantage any business unit
• Provide oversight to Treasury Markets in ensuring that liquidity risk from the commercial balance sheet is being transferred to Treasury Markets as per policy
• Ensure that funding costs are accurately reflected, including the impact of stress, statutory holdings and the like
• Manage the relationship with the local key stakeholders
Governance
Understand and be able to act on the Country Liquidity Contingency Plan:
• Ensure a full understanding of what is expected of Treasury Markets if the plan is activated
• Develop and maintain strong relationships with the people supporting the sources of standby and emergency liquidity, including central banks
• Actively monitor for and immediately alert senior management on any evidence that the bank could encounter funding stress
• Were this plan ever to be activated, support the TM Team as the primary in-country agent for raising liquidity, under the direction of the Head of Treasury Markets, Singapore
Regulatory and 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
• Internal Stakeholders: Other Treasury teams, Risk, Compliance, Finance and Business Stakeholders
• External Stakeholders: Clients, Brokers, Local regulators & other Government Departments, Competition (other banks in respective markets)
Other Responsibilities
• Embrace Here for good and Group’s brand and values
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
Our Ideal Candidate
• 1+ years of experience in Treasury or in a Markets role
• Basic level knowledge of financial markets products, including money markets and fixed income instruments
• Basic level understanding of Balance Sheet and liquidity management
• Self-motivated individual, able to work and drive things independently
• Adaptable to changing work environment and is capable to embracing AI to drive efficiency
• Strong communication skills and the ability to liaise with a broad range of stakeholders
• Education: University level degree holder in Finance, Maths, Engineering or similar field
• Training: Complete all required mandatory & developmental training - role specific, and regulatory/compliance bank wide
• Licenses: As per local regulatory requirements
• Certifications: Per the local and global regulatory requirements
Role Specific Technical Competencies
• Knowledge of financial markets products, money market
• Balance Sheet and liquidity management
• Strong communication skills
• AI efficiency
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
