Executive Director, Head of Hedge Strategy and Optimisation

7 days ago

London, United Kingdom Standard Chartered Full time

Job Summary

Treasury works closely with senior management, the businesses, Country CEOs / CFOs, and Finance to manage and promote the bank’s liquidity, capital, and balance sheet position. Treasury is laser-focussed on its vision to be “Open, progressive and trusted, working commercially with our partners” to create sustainable value by balancing the supply and demand of liquidity and capital.

Within Treasury (which comprises Capital, Liquidity & Markets), the Treasury Liquidity function is responsible to driving the strategic liquidity agenda, including Funds Transfer Pricing (‘FTP’) and Interest Rate Risk in the Banking Booking (‘IRRBB’). Within this context, the IRRBB team works with key stakeholders at global, regional and country level to manage the Group’s exposure to interest rate risk in the banking book.

This requires designing and implementing frameworks and models to identify and measure risk exposures and advising and partnering with stakeholders to manage risk within strategic objectives and prudential requirements.

Responsibilities

  • In partnership with Treasury Markets and Regional Treasury teams, manage the Group’s structural hedging process including ongoing identification of structural balances, available hedge capacity, and determination of hedge requirements.
  • Align and integrate FTP and IRRBB to ensure economic impact of hedges is correctly reflected in the business.
  • Partner with business stakeholders to determine product and segment level exposure to interest rates, and hedging strategies to manage this within appetite.
  • Provide input in strategic planning process for businesses and translate into executable commercial actions (jointly with businesses) to support businesses achieving their strategic targets.
  • Partner with colleagues in FTP and Finance to drive IRRBB / internal risk transfer initiatives.
  • Given the diverse regional footprint, the establishment and maintenance of robust stakeholder relationships with colleagues in Treasury country teams and Finance are mission-critical to develop and execute Bank-wide approach to IRRBB management, including sharing best practice, hedging strategies, creation of hedge capacity, modelling assumptions and management actions.
  • Develop and enhance hedge execution capacity and capabilities.
  • Develop IRRBB strategic options for senior management and enable decision making with focus on commercial consequences and RoTE optimisation.
  • Drive delivery and execution of GALCO strategic initiatives to manage the Bank’s IRRBB.
  • Align IRRBB and FTP to ensure economics are passed to the business align with the IRRBB Risk framework and the Bank’s strategy.
  • Champion a collaborative working culture across both Treasury and Treasury Markets as well as Finance and the Businesses, bringing together individuals from all related areas in order to deliver the IRRBB strategy effectively.
  • Optimize team collaboration across the regions to maximise the depth of IRRBB knowledge and expertise across the Treasury function.
  • Execute IRRBB Strategy across the organisation within Risk Appetite and aligned with IRRBB Risk Management Framework.
  • In partnership with Treasury Markets and other stakeholders, provide first line risk management of interest rate risks in the banking book.
  • Enhance control environment around hedge execution and hedge effectiveness.

Qualifications

  • Practical understanding of the Company’s balance sheet and knowledge of Treasury concepts covering IRRBB, FTP, Liquidity and Capital and how the interaction between these influences the Company’s interest rate risk profile and strategies to manage this.
  • Deep understanding of UK, Basel, and international regulatory rules for IRRBB and associated regulatory/reporting frameworks.
  • Deep understanding of banking book financial products, and financial markets products used to manage interest rate risk.
  • Formal financial qualifications such as a chartered accountant, CFA holder or other Treasury related qualifications would be advantageous.

Role Specific Technical Competencies

  • Treasury: Influencing Through Expertise
  • Treasury: Effective Communication
  • Treasury: Finance and Accounting
  • Treasury: Governance, Regulation and Risk Management - Regulatory Compliance
  • Treasury: Financial Products and Markets

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.
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