Standard Chartered Bank SCB Jobs Director Liquidity Management

Standard Chartered Bank SCB Jobs Director Liquidity Management

Strategy*
The primary responsibility is the management of the Bank’s liquidity profile, ensuring that it remains within stipulated risk tolerances. The job is to raise and deploy liquidity to ensure the bank is in a position to meet all its obligations as they fall due (Intra-day and inter-day); to meet all regulatory requirements; to diversify the deposit base in a prudent manner; to pre-empt times of surplus and tight liquidity and to produce a curve reflective of the bank’s marginal cost of liquidity.

Business*

• Be responsible for prudent liquidity management of the balance sheet
• Ensure adherence to all regulatory requirements and all internal liquidity metrics
• Liaise with other business units to obtain the best possible view of asset pipelines and forecast liability generation
• Determine the level of marketable security holdings to facilitate the Bank making payments within the local RTGS system (in relevant countries)
• Raise a flag to senior management on any concerns over the Bank’s capacity to easily meet projected funding requirements
• Manage the liquidity whilst maintaining regulatory, stress and prudent liquidity requirements
• Access the money markets as required; either with other banks directly or through interdealer broker; raising and placing liquidity to ensure liquidity limits are adhered to whilst maximising economic value to the Bank
• Being proactive in raising liquidity when it is cheap, deploying it when it is expensive
• Proactively establish and maintain good relationships with direct wholesale customers, including central banks
• Swap funding between currencies to meet liquidity requirements and to minimise funding costs
• Move funding between TM desks as required
• Participate in local central bank operations and facilities, as required
• Preposition eligible securities at the local central bank to be used as backstop liquidity (where available)
• Decide on the requirement to purchase securities to meet the statutory, stress, payments or prudent requirements
• Decide the need to raise medium term funding
• Operate within TM’s liquidity and credit limits
• Ensure LM function activities are within prescribed by risk limits and guidelines.
• Flag any potential liquidity limit issues to risk in advance
• Request for temporary limits to risk, where appropriate
• Submit annual limit application to risk.
• Maintain desired ratios as directed by the Global Head of Liquidity Treasury Markets
• Produce daily yield curves for the Bank’s marginal cost of funding in local and major foreign currencies, fixed and floating, for funds transfer from or to the rest of the Bank
• Ensure this curve encourages an overall balance of liquidity yet does not unduly disadvantage any business unit
• Provide oversight to TM Support in ensuring that liquidity risk from the commercial balance sheet is being transferred to TM as per policy Ensure that funding costs are accurately reflected, including the impact of stress; statutory holdings and the like
• Manage the relationship with the local key stakeholders.
• Understand and be able to act on the Country Liquidity Contingency Plan
• Ensure a full understanding of what is expected of TM if the plan is activated
• Develop and maintain strong relationships with of the sources of standby and emergency liquidity, including central banks
• Actively monitor for and immediately alert senior management on any evidence that the bank could be about to encounter funding stress
• Management of interest rate risk

Under the guidance of Head of Treasury Markets:

• Help Head of Treasury Markets with proactive management of the interest rate risk of this portfolio in line with this view to maximize group returns, through mis-matching and re-balancing of interest rate positions along the yield curve, whilst bringing overall risk to the appropriate levels.
• Switch between currencies to capture interest rate and swap arbitrages, without compromising the Bank’s liquidity position
• Make use of on-balance sheet and off-balance sheet products (e.g. IRS) as hedging tools.
• Primarily use the banking book and hedge effective products, to minimize swings to PnL and maximise group returns.
• Develop new products for TM which further diversify the instruments for the purpose of interest rate management
• Deep research and understanding of the economic, political and market drivers of the yield curve to form an expert view of its future evolution
• Provide balance sheet and market insights to ALCO to ensure prudent and accurate directions from ALCO

Manage positions within formal limits and prudency

• Ensure all books individually and in total are within agreed market and credit risk limits daily (VaR, PV01, Concentration, CR01, clean lines etc.). Operate to bring positions within limits if outside
• Request temporary limits from Risk where appropriate
• Flag any potential limit breaches to Risk in advance
• Flag any potential MAT breach to Senior Management
• Avoid positioning that could cause excessive stress on the bank’s liquidity or Credit Risk position
• Flag any potential MAT breach to Head of TM
• Submit annual limit recommendations to Risk, working with Head of TM

Processes*

Treasury Markets business and risk management processes are defined and governed in various risk, governance and control committees

People & Talent*

• Succession Planning
• Create opportunities for each team member to develop required skills, e.g. trading skills and risk appetite, and technical knowledge, through a process of coaching, appraisal, identification and taking action of training needs, with appropriate follow up to ensure that new learning is put to effective use
• Ensure the relevant experienced staff are performing to their maximum potential and are fully engaged
• Develop a performance culture within the team, through agreeing performance targets with each team member, monitoring and regularly reporting performance against target, acknowledging good performance and ensuring that it is appropriately rewarded.
• Remain vigilant to the needs of the individuals and setting goals, which are consistent with Group standards

Risk Management*

• Ensure Statutory (both FSA and local regulations) Liquidity requirements and internal Group Limits are adhered to
• Manage daily liquidity ensuring adherence to all internal and external limits/guidelines/MATs
• Ensure that all compliance and Local regulatory requirements are met and reported as appropriate
• Ensure that all lending and investment decisions are made within Risk limits

Governance*

• Ensure money laundering prevention requirements and procedures are communicated 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

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.
• Contribute to the Treasury Markets Pakistan 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.

Key stakeholders*

Internal

• Financial Markets desk heads and dealers operating within country
• Country ALCO members
• Financial Markets Operations staff
• Head of CCIB and RMs in country
• Head of Retail Bank, and key managers
• Regional treasury team
• Regional risk team

External

• Treasurers and Dealers of other local banks and financial institutions
• Money brokers
• Regulatory bodies

Other Responsibilities*
Act as a Rates Submitter as appropriate, in line with the defined Rates Setting Principles and as authorised and detailed in the respective Dealer Mandate

Job: Treasury

Primary Location: Pakistan-Karachi

Schedule: Full-time

Employee Status: Permanent

Unposting Date: 14/Dec/2023, 5:59:00 PM Apply

Standard Chartered Bank SCB Jobs Director Liquidity Management