Executive Director, Head of IRRBB Governance and Analytics

at  Standard Chartered

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.

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.

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

RESPONSIBILITIES

• Set requirements for the production of IRRBB metrics, committee MI and reports for internal and external stakeholders, including monitoring risk appetite, financial disclosures and regulatory reports.
• Manage IRRBB aspects of year-end external disclosure and all other external investor and regulatory disclosure requirements.
• Set, monitor and review IRRBB Risk Appetite at Global and individual county levels.
• Interpret and ensure compliance with regulatory IRRBB requirements.
• Design and perform the ICAAP assessment for IRRBB meeting regulatory and internal governance requirements.
• With oversight from Risk, develop and enhance the Group’s IRRBB framework, including managing the lifecycle for policy, standards, operational risk framework and model governance.
• Engage with and provide support to country teams in respect of interpretation and implementation of IRRBB policy and practices.
• Provide valuable insight around the drivers of IRRBB and be able to explain them to different stakeholder groups.
• Conduct IRRBB peer analysis and benchmarking, identifying industry trends in terms of interest rate risk management and disclosure.
• 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, coordinating the periodic refresh of risk appetite, modelling assumptions and management actions.
• Own and drive relationship with Investor Relations to define and develop communication and disclosure strategy towards market / investor community to provide transparency and manage expectations with respect to interest rate sensitivity of the bank given the relevance for our share price valuation.
• Develop target operating model for IRRBB framework including group-wide governance, risk appetite and technical infrastructure.
• Develop target reporting and analytics capability to measure IRRBB risk and drive IRRBB Risk Management Strategy.
• Present IRRBB analytics to senior management and enable decision making with focus on commercial consequences and RoTE optimisation and ensure alignment with and support of long-term business strategy of the bank.
• Lead a team (direct and matrix) of highly skilled individuals through example to build the appropriate culture and values, focussing on engagement and retention.
• Optimize team collaboration with Treasury Modelling & Platform Team in Warsaw, Finance Reporting Team in UK and India and Technology & Change Teams in India and Singapore.
• Develop talent to build a team with a diverse set of skillsets and core functionalities to create multiple approaches to problem solving.
• Design and implement systems and processes for the effective identification, capture, measurement, reporting and management of IRRBB risks.
• In partnership with Treasury Markets and other stakeholders, provide first line risk management of interest rate risks in the banking book.

ROLE SPECIFIC TECHNICAL COMPETENCIES

• Treasury: Influencing Through Expertise
• Treasury: Effective Communication
• Treasury: Financial Analysis
• Treasury: Governance, Regulation and Risk Management - Regulatory Compliance