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Director, Capital Forecasting

Employer
Standard Chartered Bank
Location
London, United Kingdom
Salary
Competitive
Closing date
Jun 30, 2023

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
We're seeking an experienced leader for a pivotal role that is aligned with our organization's strategic goals. As the Director of Capital Forecasting, you will be tasked with fostering our group's financial stability, capital forecasting, and compliance with regulatory requirements.
This role is also instrumental in optimizing Return on Tangible Equity and orchestrating the return of capital to our shareholders. This position offers an exciting opportunity to lead and contribute to several high-profile, group-wide capital-related initiatives.

Key Responsibilities
  • Steer the group's overall capital position in compliance with all relevant regulatory requirements, providing key insights and future predictions to stakeholders, including the Prudential Regulation Authority.
  • Administer the capital forecast model, delivering comprehensive capital metrics to senior stakeholders such as the Global Asset and Liability Committee, Board Risk Committee, Group Risk Committee, and the Board.
  • Monitor and report capital ratios (including Common Equity Tier 1, Leverage, and Double Leverage) against regulatory requirements, internal risk appetite, and peer benchmarks, providing astute commentary on implications, recommendations, risks, and opportunities.
  • Lead and manage the monthly submission of Capital to the Prudential Regulation Authority.
  • Establish internal Large Exposure limits based on the forecast capital position and ensure Risk and business teams are fully informed of any changes.
  • Collaborate with the Group Regulatory Reporting team to ensure accurate capital sections in the Pillar 3 and Annual and Interim reports.
  • Aid the Investor Relations team with understanding capital movements and crafting market messaging.
  • Act as a subject matter expert and consultant on capital-related matters for the Group contributing to the analysis and communication of the impacts of regulatory changes and related market developments.
  • Drive and develop capital subject matter expertise on digital asset ventures.
  • Work synergistically with internal stakeholders including Senior Management, Business, Finance, Financial Planning & Analysis, Risk, Regional Treasurers, and Stress Testing teams to ensure a comprehensive and integrated approach to capital planning.
  • Assist with the enhancement of the Group's capital forecasting capabilities, involving capital resources, Risk-Weighted Assets, and scenario modelling capabilities.
  • Contribute to capital optimization initiatives and preparation for regulatory changes such as Basel 3.1.
  • Promote efficiency by identifying opportunities to improve ways of working, leading by example, and setting appropriate culture and values.
  • Comply with the Group's Risk Management Framework including the Operational Risk Framework for Capital Risk, demonstrating a clear understanding of the Capital Requirements Regulation, Prudential Regulation Authority rulebook, and other relevant capital regulations.
  • Collaborate with all members of the Treasury Capital Forecasting team to achieve outcomes set out in the Bank's Conduct Principles and deal with regulators in a responsive, open, timely, and cooperative manner.
Ideal Candidate Profile
  • A Relevant degree in Accounting, Finance, or Risk Management
  • A solid background in the Financial Services industry, especially in Group Treasury, Capital Management, and Risk Weighted Asset calculations.
  • Proficiency in MS Excel and PowerPoint and the technical ability to manage and understand complex Excel models.
  • Ability to construct messages suitable for senior stakeholders, decipher and communicate complex regulatory text, and have the analytical ability to simplify large amounts of data into concise messaging for senior management.
  • Strong stakeholder and project management skills, the ability to work in a dynamic environment with tight deadlines, and the capability to coordinate with diverse teams across functions are also crucial.
  • As a leader, you should be able to drive initiatives with a structured and focused approach and embody the key Treasury attributes of Teamwork, Responsibility, Accountability, Communication, and Execution.
Key stakeholders
  • Group Treasurer
  • Business
  • Finance, especially UK Finance
  • FP&A
  • Risk
  • Regional Treasurers and Balance sheet management
  • Capital Issuance Team
Role Specific Technical Competencies
  • Governance, Regulation and Risk Management
  • Capital Management
  • Finance and Accounting
  • Effective Communications
  • Financial Analysis
  • Knowledge of Organization
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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