Executive Director, Prime Ibr - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

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Description

The Role Responsibilities

Strategy:

Implement trading strategy for Fixed Income Prime Brokerage
Provide analysis required to support development of Prime, with strategic direction from Sales, RMA Head, XVA-CFD, Risk
Maximise total product income by ensuring effective end to end client risk management/service
Consult on the growth of the FIPB franchise and build /grow the franchise globally
Work with the Business endtoend stakeholders to define the requirements to deliver the Corporate Plan for Prime and CFD

Business:

Short covering for the clients' fixed income positions and financing long bond positions including maximising exclusive portfolio lending
Perform collateral management responsibilities to meet the Bank's margining requirements
Collaborate closely with middle and back office as well as client services on settlement and operational issues
To increase SCB's visibility through riskadjusted competitive pricing for our clients
Manage risk from client trades prudently
To support the Repo & Prime Services team creating a mindshare of trade ideas /axes with clients, providing feedback on those ideas and client needs
Provide close support to Risk, RMA Head, Prime Sales and CCIB RMs in Client coverage activities
Contribute to an open and constructive culture liaising with MAG, IT, Legal, Product, Compliance, COO, Technology and Operations, and other relevant senior stakeholders

Processes:

Understand fully all components of the process leading to effective risk management of the Prime Services business (preatpost trade controls and parameters, margin, risk measures, legal documentation)
Seek and obtain periodic assurance that processes are designed to enable effective risk management of the Prime Services business
Work with the Business endtoend stakeholders to define process improvements
Ensure all appropriate and documented internal controls and procedures are followed
Raise any issues of such procedures and controls and regularly review them to ensure that they reflect any changes in products, systems, policy and regulations relative to responsibilities

People and Talent:

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
Contribute to continuous process improvement and sharing best practice

Risk Management:

FIPB risk management (including preatpost trade controls and parameters, margin, risk measures, legal documentation)
Assist with IBR coverage in Western hours
Responsible for maintaining margin models, risk data and grids
Perform portfolio analysis for clients (drill down of VaR, NOP, margin and limit investigations)
Obtain credit approvals for new business, Client visits and due diligence
Running daily reports such as sensitivities and stress testing
Contribute to project work to advance the In-Business Risk agenda
Driving business outcomes for the XVA Desk and Central Funding Desk, with the aim of optimizing bottomline revenues, inclusive of regulatory drag from LCR and NSFR and funding costs for individual businesses
Contribute to the interpretation and implementation of existing and new rules on Capital, Liquidity and Margin visàvis impact on XVA, CFD and Prime businesses

Governance:

Responsible for assessing the effectiveness of the Group's arrangements to deliver effective, oversight and controls in the business and, if necessary, trigger changes in these areas
Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the Prime space
Joint responsibility with COO and Product to create and maintain a library of procedures/playbooks for client onboarding, exit and trade novation

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
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:

Market and Credit Risk (pertaining to Prime and CFD)
FM Sales / CCIB RMs
Legal & Compliance
Finance
COO
Prime Product
RMA & FSS Heads
Technology & Operations

Other Responsibilities
Prime Services is business within FM providing an array of credit intermediation services to clients.

With a core focus of FX and Rates, Prime Services currently offers Intermediation and Clearing, plus Fixed Income Prime Brokerage.

Reporting into the regionalhead of in-business risk management, this individual is required to manage the risk agenda for the West portfolio.

This includes conducting daily portfolio analysis, running stress testing on specific portfolios, assessing client risk profile and setting appropriaterisk parameters required for the on-boarding of new clients as well as maintaining the existing relationships with clients of this business.

You will also be expected to provide ad hoc problem solving, client due diligence, in depth portfolio analysis, clientcalls/ meetings and project work.

- The Prime In-Business Risk (IBR) officer is responsible for controlling adherence to the Prime risk framework at every stage of the Prime lifecycle:

Client on-boarding and management: PSCAF approval, ad hoc client reviews/calls.
Periodic monitoring:
Daily Prime risks reports consumption, alerts and follow up.
Monthly review of Prime Risk with head of Risk, FM Head and RMA.
Yearly analysis of appropriateness of measures to monitor market, credit risk for Prime Clients.
Contribute to Regulatory, Technology projects delivery (ex: Sabre, IBOR transition, UMR).
Client offboarding: exit, novation, closeout.

The XVA and CFD Desks are setup as risk-management utilities. Th