Principal, Head, Treasury-Markets at Standard Chartered
Job: Treasury
Primary Location: Africa & Middle East-Tanzania, United Republic of-Dar es Salaam
Schedule: Full-time
Employee Status: Permanent
Posting Date: 13/Sep/2023, 2:17:53 PM
Unposting Date: 28/Sep/2023, 1:59:00 AM
The Role Responsibilities
Job Role
Head of Treasury Markets Tanzania.
Strategy
TM acts as guardian of the Group’s balance sheet and liquidity by driving asset liability management that is transparent, trusted and well respected. TM is the first line of defence responsible for managing the short-term liquidity position of the Bank.
Business
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.
People and Talent
Lead through example and build the appropriate culture and values.
Set appropriate tone and expectations from their team and work in
collaboration with risk and control partners.
Ensure Travel and Entertainment related expenses always comply with
policy. This includes, where required pre-approval of client
entertainment and recording in the appropriate registry.
Ensure the provision of ongoing training and development of people and
ensure that holders of all critical functions are suitably skilled and
qualified for their roles ensuring that they have effective supervision
in place to mitigate any risks.
Employ, engage and retain high quality people, with succession planning for critical roles.
Responsibility to review team structure / capacity plans.
Set and monitor job descriptions and objectives for direct reports and
provide feedback and rewards in line with their performance against
those responsibilities and objectives.
Risk Management
Read Also:
Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the Group. Also, must have awareness and understanding of the main risks facing the Group and the role the individual plays in managing them. This role entails managing multiple Financial Markets risks including liquidity risk, market access risk, maturity concentration risk and interest rate risk of the Bank’s Balance Sheet.
Governance
Responsible for assessing the effectiveness of the Group’s
arrangements to deliver effective governance, oversight, and controls in
the business and, if necessary, oversee changes in these areas.
Awareness and understanding of the regulatory framework, in which the
Group operates, and the regulatory requirements and expectations
relevant to the role.
Responsible for delivering ‘effective governance’; capability to
challenge fellow executives effectively; and willingness to work with
any local regulators in an open and cooperative manner.
Take responsibility for guiding and influencing the ALCO, to ensure the
balance sheet of the Bank is managed in line with the relevant
governance guidelines and standards.
Regulatory and 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 Tanzania Treasury Markets 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.
Comply with all applicable laws and regulations by the Central Bank, Bank of Tanzania.
Key Stakeholders
Internal
Read Also:
Head of Financial Markets
Treasury Markets and Financial Markets Traders
Regional and Country Treasury Risk
Country ALCO members
Financial Markets Operations
TM PGC members and Heads of TM in Group hubs
Business Heads
FM COO Team
External
Treasurers and Dealers of other local banks and financial institutions
Regulatory bodies
Central Bank
Money brokers
Other Responsibilities
Embed Here for good and Group’s brand and values in Tanzania Treasury
Markets team; Perform other responsibilities assigned under Group,
Country, Business or Functional policies and procedures.
FM Front Office Supervisor Responsibilities
This role has been identified as a Financial Markets ‘Front Office
Supervisor’ and as such has associated with it a series of specific
supervisory responsibilities in addition to any current employee /
management responsibilities within the Bank. Periodically the holder of
this role will be required to attest that they understand their specific
supervisor responsibilities and that they will execute these
diligently. For the avoidance of doubt these Front Office Supervisory
Responsibilities supplement and do not replace those outlined in this
Job Description as well as any other applicable core employee/management
responsibilities associated to employment with the Bank.
These specific responsibilities can be found at the following location: http://teamsiteshk.zone1.scb.net/sites/wb/fm/FMFOSupervision/default.aspx
Our Ideal Candidate
University degree in a commercial / financial discipline with good
analytical skills and ability to make speedy and accurate decisions
under pressure.
Job involves knowing, predicting, and reacting to interest rates changes
and trends and subsequent taking of appropriate trading/investment
positions to minimise interest rate risk.
Good knowledge of banking and the mechanics of the money market operations.
The individual should also possess the ability to analyse and interpret economic data. Computer literary a must.
The individual should be self-motivated and able to work with minimal supervision.
Possession of good interpersonal skills, communication skills and ability to convince others are pre-requisites.
Good judgement of opportunities arising in the market and act quickly to convert it into deals.
Ability to analyse market trends and information to further business growth.
Ability to manage the team and encourage working together; ability to
motivate team members to perform to their fullest capabilities.
Liaise effectively with other areas of the Bank to enlarge the client portfolio.
Should be able to advise the Treasurer on an ongoing basis about market
conditions and trends so that appropriate strategies can be put in
place.
Role Specific Technical Competencies
Manage Conduct
Manage Risk
Manage People
Risk Management – Market and Liquidity
Business – Market Knowledge (SIF)
Business – Manage Projects
Financial – Balance Sheet Management
Financial – Yield Curves
FM – Bank Treasury Management (Asset and Liability Management)
FM – Economic Analysis and Macroeconomics
FM – Technical Analysis
FM – Fixed Income Analysis
FM – Forwards and Futures (Hedging)
FM – Products (Foreign Exchange)
FM – Products (Interest Rate and Currency Swaps)
FM – Products (Money Markets)
FM – Product Knowledge (Securities Lending and Repo Transactions)
FM – Product Knowledge (Securitization)
FM – Product Knowledge (Structured Derivative Notes and Swaps)
Treasury Operations – Capital Management
Treasury Operations – Liquidity Management
Treasury Operation – Financial Products and Markets
Treasury Operations – Governance, Regulation and Risk Management (Regulatory Compliance)
Treasury Operations – Governance, Regulation and Risk Management (Risk and Control)
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.
Read Also:
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.
