Principal, Head, Treasury-Markets at Standard Chartered
Job Overview
Principal, Head, Treasury-Markets at Standard Chartered
Principal, Head, Treasury-Markets at Standard Chartered
Job: Principal, Head, Treasury-Markets
Primary Location: Africa & Middle East-Tanzania, United Republic of-Dar es Salaam
Schedule: Full-time
Employee Status: Permanent
Posting Date: 13/Sep/2023, 2:17:53 PM
Unposting Date: 28/Sep/2023, 1:59:00 AM
The Role Responsibilities
Job Role
Head of Treasury Markets Tanzania.
Strategy
TM acts as guardian of the Group’s balance sheet and liquidity by driving asset liability management that is transparent, trusted and well respected. TM is the first line of defence responsible for managing the short-term liquidity position of the Bank.
Business
Lead the Treasury Markets Desk in the implementation of its strategy for optimal management of the country Balance Sheet. This covers the management of liquidity, credit and interest rate mismatches, as well as own account discretionary investment positions. Assuming overall responsibility for Treasury Markets activities.
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 Travel and Entertainment related expenses always comply with policy. This includes, where required pre-approval of client entertainment and recording in the appropriate registry.
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.
Risk Management
Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the Group. Also, must have awareness and understanding of the main risks facing the Group and the role the individual plays in managing them. This role entails managing multiple Financial Markets risks including liquidity risk, market access risk, maturity concentration risk and interest rate risk of the Bank’s Balance Sheet.
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.
Take responsibility for guiding and influencing the ALCO, to ensure the balance sheet of the Bank is managed in line with the relevant governance guidelines and standards.
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.
Lead the Tanzania Treasury Markets team to achieve the outcomes set out in the Bank’s 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.
Comply with all applicable laws and regulations by the Central Bank, Bank of Tanzania.
Key Stakeholders
Internal
- Head of Financial Markets
- Treasury Markets and Financial Markets Traders
- Regional and Country Treasury Risk
- Country ALCO members
- Financial Markets Operations
- TM PGC members and Heads of TM in Group hubs
- Business Heads
- FM COO Team
External
- Treasurers and Dealers of other local banks and financial institutions
- Regulatory bodies
- Central Bank
- Money brokers
Other Responsibilities
Embed Here for good and Group’s brand and values in Tanzania Treasury Markets team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
FM Front Office Supervisor Responsibilities
This role has been identified as a Financial Markets ‘Front Office Supervisor’ and as such has associated with it a series of specific supervisory responsibilities in addition to any current employee / management responsibilities within the Bank. Periodically the holder of this role will be required to attest that they understand their specific supervisor responsibilities and that they will execute these diligently. For the avoidance of doubt these Front Office Supervisory Responsibilities supplement and do not replace those outlined in this Job Description as well as any other applicable core employee/management responsibilities associated to employment with the Bank.
These specific responsibilities can be found at the following location: http://teamsiteshk.zone1.scb.net/sites/wb/fm/FMFOSupervision/default.aspx
Our Ideal Candidate
University degree in a commercial / financial discipline with good analytical skills and ability to make speedy and accurate decisions under pressure.
Job involves knowing, predicting, and reacting to interest rates changes and trends and subsequent taking of appropriate trading/investment positions to minimise interest rate risk.
Good knowledge of banking and the mechanics of the money market operations.
The individual should also possess the ability to analyse and interpret economic data. Computer literary a must.
The individual should be self-motivated and able to work with minimal supervision.
Possession of good interpersonal skills, communication skills and ability to convince others are pre-requisites.
Good judgement of opportunities arising in the market and act quickly to convert it into deals.
Ability to analyse market trends and information to further business growth.
Ability to manage the team and encourage working together; ability to motivate team members to perform to their fullest capabilities.
Liaise effectively with other areas of the Bank to enlarge the client portfolio.
Should be able to advise the Treasurer on an ongoing basis about market conditions and trends so that appropriate strategies can be put in place.
Role Specific Technical Competencies
Manage Conduct
Manage Risk
Manage People
Risk Management – Market and Liquidity
Business – Market Knowledge (SIF)
Business – Manage Projects
Financial – Balance Sheet Management
Financial – Yield Curves
FM – Bank Treasury Management (Asset and Liability Management)
FM – Economic Analysis and Macroeconomics
FM – Technical Analysis
FM – Fixed Income Analysis
FM – Forwards and Futures (Hedging)
FM – Products (Foreign Exchange)
FM – Products (Interest Rate and Currency Swaps)
FM – Products (Money Markets)
FM – Product Knowledge (Securities Lending and Repo Transactions)
FM – Product Knowledge (Securitization)
FM – Product Knowledge (Structured Derivative Notes and Swaps)
Treasury Operations – Capital Management
Treasury Operations – Liquidity Management
Treasury Operation – Financial Products and Markets
Treasury Operations – Governance, Regulation and Risk Management (Regulatory Compliance)
Treasury Operations – Governance, Regulation and Risk Management (Risk and Control)
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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