Treasury Risk CRO, Hong Kong

Treasury Risk CRO, Hong Kong

Standard Chartered
Not Specified
Not Specified

Job Description



About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities

Purpose

  • Treasury will continue to house Treasury Markets (1st Line) and rest of Treasury (2nd line), with an oversight of Treasury by Risk. This will be achieved by creating an independent CRO Treasury role that would strengthen the second line for Treasury besides bringing a single risk face off with Group Treasurer covering Liquidity Risk, IRRBB, Capital Risk, Intra Group Credit Risk, Treasury Market Risk, and Treasury Model Validation.

  • Liquidity Risk Review (LRR) team already oversees on a post facto basis many of the proposed CRO Treasury functions, namely liquidity/IRRBB/capital risk coverage limit setting, monitoring and breach escalation review and challenge liquidity and IRRBB policy review and challenge and involvement in enterprise-wide stress testing.

  • By expanding the scope and approach of LRR, a focused second line under CRO Treasury Function is being created. This will achieve real-time oversight on limits setting, monitoring and breach escalation, which will eliminate the need for post facto oversight on limits through periodical reviews. At the same time, review and challenge of additional areas such as hedging plan & strategy, recovery & resolution etc., will be included in the scope of CRO Treasury Function.

  • This role will specifically cover the Hong Kong entity only.


Strategy

  • Perform as a &lsquobest in class CRO function with the skills and expertise to deal with and challenge technical areas across the Treasury business lines and products.

  • Spot opportunities to improve and contribute to synergies across the Risk Function covering Treasury Risk, Capital Risk, Treasury Market Risk, Treasury Credit Risk, Traded Market Risk, Model Validation, Stress Testing and Credit Risk.

  • Develop, implement and maintain a strong challenge process in a constructive way in the functioning of Treasury Markets, Liquidity Risk, Interest Rate Risk and Capital Management across the SCB footprints and at the Group / Solo level.

  • Contribute to the development of performance management and remuneration processes, in order to encourage the development of an appropriate risk culture and discipline.


Business

  • Treasury retains full responsibility for

    • Setting and implementing liquidity & IRRBB policy & framework

    • Managing the liquidity & IRRBB governance processes & committees

    • Setting liquidity / funding / hedging strategy

    • Performing all funding and hedging transactions as required to support the strategy

    • Establishing limits and controls and monitoring their own compliance with those limits and controls

    • Where limits are breached ensuring adequate mitigation actions are put in place to resolve the breach

    • Developing liquidity stress testing models and designing liquidity & IRRBB stress tests to test out risks in the liquidity & IRRBB strategy

    • Developing and testing a contingency funding pla






  • CRO Treasury to be responsible for review and challenge of:

    • Liquidity & IRRBB policy & framework, including endorsement of new policies or changes prior to their approval

    • Liquidity and IRRBB updates provided through governance processes & committees

    • Liquidity / IRRBB / funding / hedging strategy

    • The limit framework and the level of the limits established (including temporary limit extensions) as well as independent monitoring of those compliance with limits and controls

    • Limit breaches and associated escalations, ensuring adequate mitigation actions are put in place to resolve the breach

    • The results of independent validations of treasury models by ERM GMV

    • Design and implementation of the Treasury stress testing framework and scenarios design

    • Treasury developed stress testing models and Treasury designed stress tests to test out risks in the liquidity & IRRBB strategy

    • Contingency funding plan and CFP test

    • Where the results of the review and challenge result in a disagreement escalation is to GCRO and GCFO



  • The candidate will also assist Head LRR to: (a) participate in liquidity risk reviews, and (b) lend subject matter expertise to the LRR function. LRR is a review and assurance function under the CRO Treasury umbrella. It is mandated by Group Asset and Liability Committee to perform periodic balance sheet reviews (covering Liquidity, IRRBB and Capital) of major SCB entities within the Group. During the reviews, the effectiveness and prudency of in-country (or location) balance sheet management will be assessed. Through the review work and recommendations, the function adds value by: (a) providing GALCO objective assessments on countries balance sheet status & key issues and (b) steering location ALCOs towards better balance sheet composition and practices.

  • For the liquidity risk review work, the candidate would ideally have both breadth and depth in the balance sheet management space. Related prior experience would include roles such as Country Treasurer, Liquidity Risk, ALM Desk Head and/or ALCO Secretariat work. Subject matter expertise and thought leadership would be highly sought-after. Candidates would need to have gravitas and finesse to interact with senior stakeholders at both country and Group levels.


Processes

  • Responsible for the processes owned by the Treasury CRO team and continuous improvement of operational efficiency and effectiveness.

  • Ensure effective management of the operational risks within Treasury CRO team and compliance with applicable internal policies, and external laws and regulations.

  • Ensure the Treasury CRO team delivers to the highest standards and within agreed budgets each year.

  • Manage the development and maintenance of work programmes which reflect the current business organisation, operating environment and resource capacity.

  • Provide the team with direction to meet key objectives, guidance where issues require additional expert advice and manage the team's working environment.

  • Identify and escalate significant issues and ensure these issues are appropriately tracked and followed up.


People and 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.

  • Ensure the provision of ongoing training and development of people 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.

  • Employ, engage and retain high quality people, with succession planning for critical roles.

  • Responsibility to review team structure/capacity plans.

  • Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.

  • Uphold and reinforce the independence of the team from those whose primary responsibility is to maximise short-term revenues and profits.


Risk Management

  • Submit reports and findings to relevant stakeholders and committees, as required

  • Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood.

  • Actively participate in key committees through standing membership

  • Maintain an open and cooperative relationship in dealings with regulators

  • Contribute to the revision, improvement and embedding of the bank&rsquos Enterprise Risk Management Framework, specifically in Treasury, including best practice and standards, both internal and external.

  • Seek out and implement change processes as required to improve risk management within the Group. Contribute best-practice and solutions related to stress testing and general risk-related matters.


Governance

  • Submit reports and findings to appropriate risk committees

  • Review and provide independent opinion on all related material for inclusion in the Executive and Board level reporting. This could entail written or verbal feedback on reports presented to senior management, assuring quality of reports as well as compliance with regulatory expectations.

  • Actively participate in key committees through standing membership.


Regulatory & Business Conduct

  • Display exemplary conduct and live by the Group&rsquos 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 Chief Risk Officer, Treasury Risk team to achieve the outcomes set out in the Bank&rsquos Conduct Principles: [Fair Outcomes for Clients Effective Financial Markets Financial Crime ComplianceThe Right Environment.]

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


Key Stakeholders
Internal:

  • Members of Board Risk Committee,

  • Members of Group Risk Committee, Business and Regional Risk Committees, Model Risk Committee,

  • Members of Group ALCO, Group Treasury Management Team,

  • Members of Risk Management Team,

  • Members of the Global Business Management Team,

  • Global, Regional and Country business heads, Treasurer. CFOs, CEOs, COOs,

  • Group Head, Internal Audit,

  • Head, Internal Audit Functions,

  • Global Head, CFCC Advisory, Functions.


External:

  • Prudential Regulation Authority (PRA) and other key regulators,

  • The Group's external auditors.


Other Responsibilities

  • Embed Here for good and Group&rsquos brand and values in the CRO Treasury function.

  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.



Our Ideal Candidate


  • Academic or Professional Education/Qualifications:

  • Minimum degree from an accredited university and professional qualification like MBA, CPA etc.,

  • Substantial experience at the highest level in the banking industry with specific expertise in Treasury activities and risk management Business Strategy and Model: Sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness and sensitivity.

  • Strong experience in Treasury Market Risk, Treasury Credit Risk, Capital Risk and IRRBB.

  • Risk Management and Control: Demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base. Expertise in process design and control.

  • Significant relationship management experience with external stakeholders at the most senior levels, including regulators and rating agencies.

  • Licenses and Certifications/accreditations: on Treasury, Balance Sheet Management, if available

  • Bank training:

  • Regulatory Framework and Requirements: Awareness and understanding of the regulatory framework in which the firm operates

  • Languages: Business proficiency in English (Verbal and Written)



Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our . We welcome conversations on flexible working.

Job Details

Job Source : scb.taleo.net

Similar Jobs

Career Advice to Find Better