Associate Director, Treasury Markets (qatari Nationals Preferred)

Doha, Qatar

Job Description

Job : Finance
Primary Location : Africa & Middle East-Qatar-Doha
Schedule : Full-time
Employee Status : Permanent
Posting Date : 08/Apr/2023, 6:55:22 AM
Unposting Date : 15/Apr/2023, 5:59:00 PM

Responsibilities
Treasury Markets (TM) acts as guardian of the Group\xe2\x80\x99s balance sheet and liquidity by driving asset liability management that is transparent, trusted and well respected. TM is the first line of defense responsible for managing the short-term liquidity position of the Bank. TM\xe2\x80\x99s principles are:
    • Always act in the best interest of the Bank
    • Never compromise the structural integrity of the balance sheet
The primary responsibility of the role is to efficiently ensure the prudential liquidity management of the balance sheet of the Qatar Branch of Standard Chartered Bank. Treasury Markets generally as well as the individual in this role specifically must:
  • Position the balance sheet to meet all its obligations at all times;
  • Meet all regulatory requirements;
  • Raise and deploy liquidity efficiently;
  • Diversify the funding base in a prudent manner;
  • Pre-empt times of surplus and tight liquidity; and
  • Support the business in their efforts to create assets and liabilities
The role also requires providing back-up for Head of TM and FM, as and when necessary, within the approved delegated authorities. Strategy In Treasury Markets effort to meet all funding and deposit taking requirements whilst maintaining regulatory, stress and prudent liquidity requirements, T-M generally and the individual in this role specifically must:
  • Understand the inherited balance sheet, model the expected changes in the balance sheet forward, and be aware of the drivers of those changes
  • Understand the risks inherent in imbalances in the balance sheet, both current and future, including liquidity, interest rate risk, currency mismatches, and cash requirements
  • Access the market directly to drive efficiencies in the balance sheet, via the creation and elimination of assets and liabilities
  • Access the market indirectly via trading desks to drive efficiencies in the balance sheet via swaps, hedges, switches, and repos T-M Principles are:
  • Always act in the best interest of the Bank
  • Never Compromise the structural integrity of the balance sheet.
Business Treasury Markets inherits the balance sheet created by the rest of the institution; as such, the primary customers of Treasury Markets are the internal businesses. To this end, Treasury Markets generally and the individual in this role specifically must:
  • Maintain strong relationships and a broad understanding of the activities of those businesses that have material impacts on the balance sheet.
  • Ensure these relationships are mutually beneficial and that the Bank as a whole is providing \xe2\x80\x9cfirst-inclass\xe2\x80\x9d client service while ensuring the proper pricing and profitability attributions that protect stakeholders.
  • Display and possess senior banker connectivity with external banker/Treasury-Markets colleagues to ensure that SCB maintains \xe2\x80\x9cbest-in-class\xe2\x80\x9d practices and apprised of all/any changes related to balance sheet management. Experienced banker that can access a myriad of external peer groups.
  • Be in position to provide empirical evidence for pricing, liquidity, and limits on exposures to ALCO and the business to foster understanding and confidence in our approach.
Processes To achieve these strategic goals, there are a number of specific functions that must be undertaken, including:
  • Understand and validate the accuracy of the PV01, CR01, VAR and MTM reports centrally distributed so that appropriate risk mitigating and risk deployment strategies are executed.
  • Manage risk activities in accordance with all Market Risk limits, AFS portfolio guidelines, liquidity and regulatory constraints to optimize the mix of revenue enhancing opportunities
  • Estimate daily cash flows and ensure efficient cash management in both local and foreign currencies, both intra-day and inter-day;
  • Coordinate with global liquidity teams and foreign Treasury Markets desks to port liquidity, efficiently achieve global liquidity requirements, and maximize global liquidity initiatives;
  • Review balance sheet and metric movements to ensure confidence in reporting, to have comfort in determining what are normal versus abnormal variations in the balance sheet, and to establish sufficient buffers to avoid triggering liquidity limits under normal volatilities;
  • Escalate to senior management any concerns over the Bank\xe2\x80\x99s capacity to easily meet projected funding requirements
  • Prepare and distribute quantitative and qualitative reviews of activity as required by regulators;
  • Ensure accurate and timely booking of all trades in their respective trade capture systems;
  • Monitor Razor balance intraday to ensure any large unexpected variance is noted;
  • Monitor securities positions to ensure minimum statutory holdings and accuracy of statements;
  • Forecast liquidity risk metrics and distribute results to relevant internal stakeholders
  • Ensure proper documentation is taken, particularly around hedges; and
  • Ensure all action taken by the desk is within risk limits.
Risk Management
  • Considering the broad and critical risk management duties associated with this function, individual must possess a broad understanding and experience to ensure effectiveness and efficiency. Specific to the operational risk sub-types under your remit; execute second line Risk Ownership responsibilities as outlined under the Operational Risk Framework (ORF) and associated policies and procedures as required.
Governance
  • Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
Regulatory & Business Conduct
  • Display exemplary conduct and live by the Group\xe2\x80\x99s 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 Qatar Treasury Markets to achieve the outcomes set out in the Bank\xe2\x80\x99s 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 across jurisdictions
  • Ensure money laundering prevention; requirements and procedures are communicated and clarified to TM staff
  • Ensure the procedure of suspicious transactions monitoring within TM is communicated
  • Report any issues related to money laundering prevention arising within the unit to Business MLPO
  • Vet and assist in the investigation of suspicious transaction reports originating from unit staff
  • Communicate with Relationship Manager (RM) on money laundering requirements and suspicious transactions
Key Stakeholders Internal
  • Treasury Markets
  • Country Finance
  • Treasury Markets PC / Business Finance
  • Treasury Risk
  • Market Risk
  • Credit Risk
  • Retail & Corporate Business
  • SCB Countries in region and the major hub Treasury Markets Centers
External
  • External Market Interbank
  • Regulator
  • Money brokers
Other Responsibilities
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
  • Embed Here for good and Group\xe2\x80\x99s brand and valued behaviours in the Global TM team
Back-up Treasury - Markets Trader for:
  • SCB Oman & Iraq in the absence of the primary Dealer during planned or unplanned leave as per the Fly-in & Cross Border Coverage Model for Single-person Treasury-Markets location and/or during a crisis/contingency situation
Role Specific Technical Competencies
  • Investment Performance Measurement
  • Investments
  • Market Risk
  • Trading
  • Asset and Liability Management
  • Financial Risk Management
  • Risk Management
  • Liquidity Management
  • Financial Products and Markets
  • Governance, Regulation and Risk Management
  • Resolution Planning
Qualification
  • Numerate, focused, responsive, excellent MS-Excel skills.
  • A good understanding of Treasury - Markets business, liquidity aspects, limits, market trends, regulatory requirements and pricing.
  • Ability to build and maintain good relationships with internal and external partners.
  • A moderate degree of complexity to manage the cashflow processing real time.
  • A high degree responsiveness in responding to numerous information flowing to Treasury - Markets.
  • The individual should be self-motivated and able to work with minimal supervision
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.
Visit our careers website www.sc.com/careers

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Job Detail

  • Job Id
    JD1537051
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Doha, Qatar
  • Education
    Not mentioned