Standard Chartered Bank Nigeria – We attract talented individuals. Not only can they give you the benefit of their experience, they also reveal a closer, more personal look at the wide range of global opportunities we offer. At the core of the Group’s people strategy is our focus on employee engagement. Engagement is a key driver of productivity and performance, which creates the foundation of our performance culture. We encourage and focus on the behaviours that bring out the very best from every employee, assessing their performance not just on results but on how those results were achieved. To further embed these behaviours we have a remuneration programme in place, carefully designed to incentivise our employees to live our values every day.
We are recruiting to fill the position below:
Job Title: Manager, Balance Sheet and Performance Management
Identify various types of risks in the bank’s balance sheet.
Provide input for strategic oversight, thought leadership and quality solutions to maintain capital ratios without compromising on growth;
Develop opportunities and strategies to add value and protect earnings taking into account interest rate outlooks.
Understand the extent to which the balance sheet position impacts on the financial performance of the Bank in various economic and interest rate scenarios
Actively contribute to providing leadership and direction in driving the Balance Sheet and Capital Management of the Nigeria business including the ALCO priorities;
Provide insights, analytics and other the subject matter expertise to drive balance sheet and capital efficiency targets at the country level, in partnership with the Finance leadership team, Risk and Group Treasury;
Provide subject matter expertise to drive and strengthen our competitive advantage through proactive capital and liquidity management;
Carry out a monthly analytical review of the Balance Sheet and provide insights into key drivers of performance in terms of business segments and products;
Deliver the following Group reports within set deadlines: Budget Balance Sheet; Capital Plan; ICAAP
Drive regulatory related reporting and deliverables in partnership with Business and Risk in relation to Capital and Liquidity;
As a key member of the ICAAP working group, own and deliver capital inputs and provide insights for the final output document;
Have a good knowledge and understanding of Balance Sheet components and drivers, and lead the drive to optimise these for the country.
Work closely with the Regional/Group Performance Management and Balance Sheet teams to identify and coordinate opportunities for both BAU and Strategic objectives including rationalization of management reporting, automation opportunities, etc as well as with the Aspire teams and Finance Systems with regards to infrastructure and process.
Prepare reports and findings, including financial information to assist Ho BS&PM in ALCOs decision making and maintain oversight on production of ALCO pack.
Monitor the strategic balance sheet measures to ensure adherence to approved limits.
Assist where required in working groups appointed by ALCO to address strategic issues that impact Balance Sheet, Liquidity and Capital.
Assist where required with the annual ICAAP and other stress test exercise including SCB Nigeria related stress tests working jointly with Group Treasury.
Assist where required with the SCB Nigeria balance sheet optimisation & capital agenda jointly with Group Treasury.
Be in charge of the FTP framework and policy application
Management of Quarterly Subsidiary Board Papers
Performance Management:
Provide appropriate and reliable MIS for the development of SCB marketing strategies & business plans and monitor performance of the Segments against financial budgets / FCs.
Analysis at various levels to improve decision making:
Economic / business sector
Credit / non-credit products
NIM / Volume analysis
Cost analysis
Competitive Analysis
Address underlying profitability & risk/reward aspects, e.g. revenue streams/ income leakages/ reduction of expenses etc. through appropriate strategies such as tariff revision, periodic interest rate reviews, cost allocation rules, risk and capital charge, Basel etc.
Ensure that the MIS delivered is reflective of existing business KPIs.
Review monthly cost reports and commentaries prepared by the team and ensure these are circulated in a timely manner, and attend to queries arising;
Proactively work with Business finance and GFS to deliver accurate forecasts and budgets including active involvement in the planning, review and challenge process;
Review of P&L to provide insights into key drivers of performance in terms of business segments, products and cost lines, and track monthly variances;
Highlight opportunities and risks for management action;
Deliver monthly flashes within the set deadlines
Deliver the following Group reports within set deadlines: Quarterly forecast; Annual Budget, Corporate Plan
Advisory:
Provide recommendations on optimal balance sheet shape (deposit and capital mix, funding and asset profile, currency mix, returns, dividends)
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 Balance Sheet and Performance Management Team to achieve the outcomes set out in the Bank’s Conduct
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
People & Talent:
Set appropriate tone and expectations in terms of ensuring effective financial controls.
Serve as Secretary to ALCO and ensure all minutes are promptly circulated and action plans are tracked
Work with the colleagues to deliver specific projects and deliverables, as determined by the Country CFO
Develop and embed a high-performance culture with specific focus on capability, effectiveness and productivity
Risk Management and Control:
Ensure adherence to structural liquidity and capital limits, authority frameworks and related minimum control standards and mitigants to ensure risk exposures material to the country remain within risk tolerance and risk appetite.
Identifying pressure points and potential emerging challenges related to structural liquidity and capital limits in country balance sheets.
Seek appropriate assurance that structural liquidity and capital policies and other control requirements are effectively implemented and monitor ongoing policy compliance.
Ensure robust process controls are in place in line with the operational risk framework
Governance:
Laws and regulations:
Have and maintain good understanding of applicable laws and regulations pertaining to liquidity, capital, recovery and resolution planning and ensure appropriate controls to remain compliant with them.
Delivering the Group capital and liquidity agenda
Have and maintain good understanding of structural liquidity and capital policies and other control requirements.
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 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.
Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.
Key Stakeholders
Internal:
CFO – Country
FC – Country
Business Finance Heads – Country
Country ALCO
Treasury Markets
Regional Head, Balance Sheet and Capital Management
Africa & Middle East Office –Dubai
Group Finance, London
GFS Ghana and Chennai
Group Treasury
Group Internal Audit
Africa Finance Systems.
External:
Auditors
Central Bank of Nigeria.
Other Responsibilities:
This is a key role as a finance partner to senior country leaders. Superior level of judgment is required – in identifying risk and opportunities on Capital and Liquidity Management and making recommendations and providing effective solutions and advice to ALCO;
Providing in depth analysis and insights to drive the Capital and Liquidity Management agenda and take it to the next level; providing insights into the business performance, risks and opportunities to drive business decisions.
Qualifications
Training, Licenses, Memberships and Certifications:
First Degree (B.Sc) in Accounting, Finance, Economics or similar degree
Desirable – Professional certifications in Accounting, Professional Memberships in ICAN, ACCA
Understanding of International Financial Reporting Standards (IFRS) and its impact of the bank’s financial reporting.
Good working knowledge of the Group Accounting practice and Local Regulatory requirements supplemented by all round Banking experience.
Candidates should have a proven track record of presenting and interacting at the senior management level hence possess exceptional verbal and written communication, presentation, facilitation and interpersonal skills with an ability to relate at all levels;
Prior experience should demonstrate both the analytical and strategic abilities experience;
Prior experience in implementing a Basel regulatory and capital management framework will be an added advantage;
Management and leadership skills in a dynamic and high expectation environment with an ability to work under pressure and deliver under tight deadlines;
A team player and independent worker with ability to delegate to get the most out of the team;
Cross team collaboration and leadership experience skills – proactive engagement with various units across different geographies
Strong Microsoft Excel, SQL and PowerPoint knowledge
Review and alignment of country Information security program with the Group security strategy
Effectively and collaboratively identify, escalate, mitigate and resolve risks associated with the bank’s information assets.
Periodically inform the Board on latest developments in the cyber security universe
Assure that process owners are escalating risks and control gaps when decommissioning of systems and data sanitization activities.
Assure measurement of effective management of cyber threat intelligence by 1st Line ICS team.
Assure process owners are creating awareness among staff on cyber threats and their controls.
Assure that business process owners are managing data centers as per standards.
Assure that the process owners are escalating compliance matters to mitigate security aspects of networking devices (servers, routers, firewalls, etc.) under applicable policies, standards, and procedures.
Responsibilities
The Group Chief Information Security Officer (CISRO) organisation is instrumental in protecting and ensuring the resilience of Standard Chartered Bank’s data and IT systems by managing information and cyber security (ICS) risk across the enterprise.
As a critical function reporting into the Group Chief Risk Officer (CRO), the Office of the Group CISRO serves as the second line of defence for assuring ICS controls are implemented effectively and in accordance with the ICS Risk Framework and for instilling a culture of cyber security within the Bank.
The Group CISRO is responsible for ICS governance, strategy, policy, awareness, training, risk assessments, red teaming, third party security risk, industry partnerships, and regulatory engagement.
In addition, a team of Information Security Officers (ISRO) reports to the Group CISRO and performs a pivotal role as an extension of the Group CISRO in supporting the ICS risk management strategy, governance, advisory and assurance roles that face off to the Client Services, Regions, and Functions.
The Office of the Group CISRO is central to ensuring the Bank’s ability to meet its ICS commitments to internal and external stakeholders, including regulators, as well as maintaining an acceptable ICS risk profile that is regularly reported to the Board.
Strategy:
The ISRO position is a permanent role that requires strong business acumen and deep knowledge and experience in the ICS field.
The successful candidate will have a strong understanding of operating in a second line capacity within an ICS or risk management organisation, and can respond flexibly and collaboratively to evolving business, regulatory and threat requirements. The role reports into Head ISRO for AME.
The ISRO will work closely with the CCRO, HICS & Group Chief Information Security Risk Officer and others to address ICS as a principal risk type for the Bank and support its integration into the Bank’s overall Enterprise Risk Management strategy.
The role will provide oversight and challenge of ICS risk management and control effectiveness as a risk partner to country leadership as defined in the Bank’s ICS Risk Type Framework and under delegation from the Group CISRO.
Business:
The primary purpose of this position to ensure that the management of ICS risk is operating effectively and efficiently and to provide assurance that ICS risk is appropriately managed within the countries.
The role will support the Group Chief Information Security Risk Officer in their role as the Bank’s executive accountable for ICS risk.
The successful candidate will work closely with the AME Region – ISRO Heads, the Security Technology Services team, and Country CRO, CIO, and Compliance Officers, as well as other key stakeholders to drive requirements and help set priorities for ICS strategy and investment based on acceptable risk tolerance and taking into account the evolving threat and regulatory landscape, policies and standards, and technology infrastructure.
In addition, given the rapidly evolving ICS regulatory environment, successful candidate will have a strong acumen for working with regulators and understanding ICS policy with an ability to articulate new requirements into ICS risk management assessments and processes.
Processes:
The major functional activities that the role will lead and manage are:
Delegation of Authority from the Group CISRO for ICS risk management engagement with country
Overseeing and challenging 1st line ICS risk proposals and risk-taking activities;
Intervening in 1st line activities if they are not in line with existing or adjusted Risk Appetite;
Monitoring of ICS risks and associated remediation plans across the country using the Group CISRO Governance Risk Type Framework;
Assuring the 1st line implements controls to comply with applicable laws and regulations as defined by the Group CISRO Policy team and escalate significant regulatory non-compliance matters and developments to the Group CISRO;
Conduct periodic information security assurance on the ICS risk profiles (including infrastructure) submitted by 1st line and suggest improvements.
Promoting a healthy ICS risk culture and good conduct within the country.
People & Talent :
Lead through example and operate with the appropriate culture and values.
Uphold and reinforce the independence of the second line ICS Risk function.
Risk Management:
Deliver the defined aspects of the ISRO role to support the Group’s ICS risk management approach and objectives.
Ensure that the Country role is managed in accordance with the defined Group CISRO Governance Risk Type Framework and associated Policy and Standards; and those issues are identified, escalated, and addressed as appropriate.
Governance:
Establish strong ties into the relevant country leadership, governance, risk, and control committees to ensure adequate monitoring, tracking and governance of ICS risk.
Drive integration of ICS Risk Type Framework into the country and utilize for the ongoing governance of country risk.
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 the countries. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.
Key stakeholders:
ISROs
Country CROs
Country HICSs
Country CIOs
Country Compliance Officers
Country CEOs
Banking Regulators
Global Head, Security Technology Services
Head of ICS Governance
Head of ICS Policy
Group Internal Audit
Head of ICS Assurance and Testing
Head of ICS Training, Awareness & Exercises.
Other Responsibilities:
Establish strong relationships with identified stakeholders across the country and understand their strategic goals, to ensure ICS alignment.
Articulate the value of ICS controls and their bottom-line impact to Country’s security and resiliency.
Prepare, present and challenge in a 2nd line capacity at relevant risk committees, steering groups and cross-business opportunities.
Perform Delegation of Authority (DoA) responsibilities for Group CISRO as defined for the countries.
Measure efficient and effective management of ICS risk for the countries.
Validate the accuracy of KRI’s and KCI’s and other risk ratings, as well as process designs, to meet policy requirements.
Ensure that Process Owners are escalating risk, control, and process deficiencies appropriately in accordance with the relevant risk frameworks.
Build trusted working relationships with other security functional heads, risk and compliance counterparts, and country stakeholders.
Utilize appropriate risk management tool(s) to manage, track and monitor ICS risks across the countries.
Maintain sufficient and appropriate evidence of work performed for review by Group Internal Audit and others.
Monitor, assess and advise countries on acceptable risk tolerances based on policy and control environment and the evolving regulatory and threat landscape. (Knowledge of Pakistan regulatory environment will be an added advantage).
Qualifications
Training, licenses, memberships and certifications:
Master’s Degree in Information Technology / Cybersecurity
Information Security certifications and courses
Trainings & Courses attended on security audits
Familiar with and hands on experience of working on Security best practices and frameworks.
Experience:
Minimum 18 years of experience, having worked on similar roles.
Assists Product Managers implement strategic business programs, devising and cascading tactical product campaigns to the sales staff.
Supporting sales staff with relevant product support, training and marketing collaterals.
Utilizing and implementing all business MIS set generated by SBIU to monitor the Key Performance Indicators for Wealth Managed Investment products.
To assist in developing awareness for Investment products and stimulating an investment culture in CPBB clients / prospects across all segments by implementing various initiatives e.g. seminars, presentations, incentive schemes, social / club engagements etc.
To assist in creating a strong product offering by providing market feedback and monitoring trends locally and abroad.
Working with Product Managers and Frontline to achieve balanced growth of the business by:
Growing the Assets Under Management volumes to maximise on revenues
Monitoring the Investments portfolio to identify concentration risks, detect deterioration, and income tracking.
Ensure effective delivery of products and services to Investment Services customers by deploying appropriate systems & processes to support the business.
Manage risk to minimize operational losses and always maintain reputation of the bank.]
Strategy:
Assists Product Manager in the execution of agreed objectives on product management and accountable for performance / income from Managed Investment Products
Work with Product Manager for active analysis and review of wealth customer base to understand customer profiles, behavioural & lifestyle traits etc to drive marketing objectives
Accountable for constant analysis of other customer bases (including product holding mix, revenue contribution, behavioural / lifestyle analytics) to identify opportunities for increasing customers’ wallet share (total value) with Bank
Work closely with Product Managers in the Region who are accountable for implementing strategic business programs, executing product development and enhancement, providing guidance to sales staff on products
Business:
To support sales channels towards achievement of Wealth Management Investment Products targets as they apply to Assets under management, facility limit/utilization and revenue.
To support and work with frontlines in driving execution of Wealth management products/solution through presentations and training efforts in branches.
To assist to design and implement periodic internal and external campaigns to support Wealth Management Investment Products offered by the bank.
Develop a robust customer database for Wealth products.
Risk Management:
Control and monitoring to minimize mis-selling risk.
Ensuring high operational quality and compliance conformance.
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 to achieve the outcomes set out in the Bank’s Conduct PrinciplesEffectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.
Key Stakeholders
Head of Advisory and Managed Investment AMEE
Heads of Managed Investment in AME
Head of Wealth Management Nigeria
Affluent Relationship Managers.
Qualifications
Our Ideal Candidate:
Degree certificate
At least 2 years’ experience in consumer financial services.
Thorough knowledge of the Bank’s products, services and delivery channels available to Retail customers.
Thorough knowledge of the Bank’s Procedure and Policies
Excellent Interpersonal skills.
A self-driven individual with good organisational skills.
Effective writing and presentation skills in English.
Application Closing Date
3rd July, 2022 (10:59:00 PM)
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