Head Treasury Markets Saudi Saudi Nationals Preferred

Job Description

Head, Treasury Markets- Saudi (Saudi Nationals Preferred) - (2200005757)Job: TreasuryPrimary Location: Africa & Middle East-Saudi Arabia-RiyadhSchedule: Full-timeEmployee Status: PermanentPosting Date: 05/Apr/2022, 5:24:51 AMUnposting Date: 19/Apr/2022, 10:59:00 PMAbout Standard Chartered Were an international bank, nimble enough to act, big enough for impact. For more than 160 years, weve 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 youre 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 cant 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, youll 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 youve 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.The Role ResponsibilitiesStrategyTo 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, including:

• Prudent day-to-day and intraday management of the liquidity position in the country, including the day-to-day compliance with Group Policies and Guidelines, Local Regulatory requirements, local payment system and intraday liquidity requirements
• The maintenance of the bank?s presence in the inter-bank market to aid funding and investment activities
• The management of both revenue and cost budgets

This role entails managing multiple FM risks including liquidity risk, market access risk, maturity concentration risk and interest rate risk of the Bank?s Balance Sheet.The job holder must also ensure the Bank is adequately funded and has a funding strategy to meet planned asset/liabilities growth of the commercial balance sheet and also has plans for unanticipated contingenciesBusinessAchieve Financial Budgets through

• Management of interest rate mismatch and risk positions to maximise returns (through P&L and MTM)
• Sourcing diversified low cost funds
• Managing operating costs

Support Business Segments by

• Providing funding support and transparent rates to business teams
• Liquidity support to Group branches (London, Singapore, etc) in line with GALCO expectation
• Assist and coordinate with the other TM units in the region
• Assist in building a compliance culture within the country by ensuring full compliance in TM

Relationship with Clients

• Ensure full understanding of other businesses? strategies, providing support with regards to funding and pricing requirements
• Network on behalf of the TM business with internal customers, external market counterparties, and other SCB centres, in order to solicit customer feedback, gain market intelligence, benchmark trading techniques, and enhance the Banks profile in the market

Processes

• TM business and risk management processes are defined and governed in various risk, governance and control committees (e.g., TM PGC).

Risk ManagementStrategic Management of the Bank?s Balance Sheet Risks

• Ensure Statutory (both PRA and local regulations) Liquidity requirements and internal Group Limits are adhered to
• Lead the way in the ALCO forum through active participation, providing ALCO members with timely balance sheet analysis and market information, ensuring other ALCO members are always engaged in an up-to-date Balance Sheet strategy that compliments the bank?s revenue aspirations
• Propose, negotiate and regularly advise on the Funds Transfer Pricing Policy for the Bank, in a consistent manner and in compliance with the Group policies, taking into account local market dynamics
• Support ALCO in decisions relating to Capital requirements and management, proposing investment strategies, and market research
• Support development of active RWA management and adherence to country targets
• Show creativity when proposing solutions to specific funding problems, engineering solutions and thinking outside of the box?
• Prove ability in managing change, especially when imposed by the external environment (regulatory)

Operational Management of the Country?s Balance Sheet Risks

• Manage daily liquidity ensuring adherence to all internal and external limits
• Maintain strategic capability to meet stressed liquidity conditions if and when required
• Ensure that all lending and investment decisions are made within market risk and credit limits
• Support and develop the payment systems and ensure the Bank?s liquidity supports the capability of meeting customer payment needs
• Liaise with support services and the back office on behalf of the team, to maintain the provision of high quality services to the desk
• Ensure that full advantage is taken of the available technology support
• Represent the TM business in projects involving the implementation of major changes in the systems technology area

Governance

Keyskills :