Executive Director - London, United Kingdom - Standard Chartered

Description

Job Summary

Experienced trading role with responsibility to price and manage G10 FX risk as part of the FX franchise, and the implementation of its strategy for profitable trading at acceptable risk levels while developing further the market share of SCB with corporate and institutional clients. The role requires high levels of technical and market knowledge within G10 FX trading and experience managing risk in a client facing capacity.

Responsibilities

Strategy

• To develop and implement trading strategy for FX across G10.
• Actively participate in the market in order to provide the best possible pricing to our customers while strictly adhering to the banks and regulatory frameworks
• Awareness and understanding of the Group's business strategy and model appropriate to the role
• To provide an accurate and timely product pricing service to sales staff in order to meet customer needs at competitive pricing and to effectively manage the risk for customer transactions
• To partner with e-commerce and technology in the continued development of our products and hedging tools
• To manage the transaction and/or portfolio based risk generating in trading by measuring the risk and adhering to the defined risk management rules and processes
• To share relevant market, customer and counterparty intelligence with colleagues in the SCB network in order that the Group derives maximum benefit from its networking potential
• Build on and where appropriate build new client relationships in partnership with the sales force
• To enhance SCB's reputation in local and international markets through personally demonstrating a high level of professionalism and developing mutually beneficial working relationships with agents, advisors, counterparties, etc.
• Understand client/channel segmentation and client flow.
• Ability to work with development, support teams, compliance

Business

• Ensure TPI is maximised in the G10 FX business.
• Ensure we continue to expand the voice and EFX franchise within the Regulatory framework.
• Awareness and understanding of the Group's business strategy and model appropriate to the role
• Articulate and communicate trading strategies for benefit of our clients.

Processes

• Ensure adherence to all internal and external regulations. To embed Operational Risk monitoring as an integral part of the business process. Towards this, to effectively carry out the assigned role, if any, under Compliance Risk Management and Operational Risk Management Assurance.
• Ensure that the business meets its obligations the prevention of money laundering under the Group Policy and Standards and under local laws and regulations.
• Ensure that there are appropriate and documented internal controls and procedures in place.
• Monitor the operation of such procedures and controls and regularly review them to ensure that they reflect any changes in products, systems, policy and regulations.

People & Talent

• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
• 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 toward supporting change

Risk Management

• Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the Group. Also, an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them
• The ability to interpret the Group's financial information, identify key issues based on this information and put in place appropriate controls and measures
• Comply with guidelines as outlined in the annual dealer mandate
• Timely completion of all e-learning, attestations and requests for information

Governance

• 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
• Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
• Responsible for delivering 'effective governance'; capability to challenge fellow executives effectively; and 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.
• Lead the G10 FX business 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

• Head of FX Trading
• Head of FX Sales
• Local Sales teams.
• Legal & Compliance
• Middle Office
• Relationship managers, Credit and Market Risk Officers

Other Responsibilities

• Demonstrate Here for good and Group's brand and values in daily behaviour
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Qualification

• CISI Financial Regulations

Role Specific Technical Competencies

• Trading
• Customer Behaviour and Preferences
• Market risk
• Market Knowledge
• Products and Processes
• Foreign Exchange

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 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
• 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, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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.

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