Head,Financial Resource Management Middle East Job Abu Dhabi area,UAE/Dubai,Finance & Banking

Position: Head, Financial Resource Management, Africa & Middle East
Job description

Job Summary

To manage and execute Standard Chartered Bank’s (“SCB”) Wealth and Retail Banking (WRB) and Corporate and Institutional Banking (“CIB”) strategy for Financial Resource Management (“FRM”). The role envisages driving financial resource optimisation for capital and liquidity for the designated AME balance sheets across WRB and CIB as well as the Group, with a view to achieve increased return on tangible equity (“RoTE”) for the Bank.

Given the structural LCY surplus across AME balance sheets, a substantial proportion of the role's focus will be on driving the WRB agenda across the region, optimising surplus deployment, improving balance sheet productivity, and maximising the value of financial resources.
Focusing on optimising the balance sheet through engagement across WRB and CIB Business functions and working in close co-ordination with WRB Business Heads, WRB Business Finance, CIB Business Heads as well as the Asset side CPM, the CPM Markets, CPM Transactions Services and WRB, and the CPM distribution team, the mandate is to achieve overall balance sheet and RoTE optimisation, while operating within the regulatory constraints of Group and Legal Entities (LEs).

The role will be the CPM voting representative in the designated country Asset & Liability Committees (ALCOs) and the primary faceoff to WRB and CIB business teams across coverage and product, Group/Regional Treasury and Finance for all WRB and CIB balance sheet management matters.

Key Responsibilities Strategy: WRB and CIB balance sheet resource management

Engagement with WRB and CIB Business teams across coverage and product on all matters in relation to balance sheet resource allocation and optimisation
Design and own WRB’s and CIB’s balance sheet resources for the designated balance sheet.
Contribute towards SCB Group’s and LE financial resource plans whilst driving congruence between the two
Drive consistent WRB and CIB deposit and pricing strategy across current account & savings account (“CASA”) and client term deposits (“CTDs”).

Business Plan and forecast

Own and drive WRB’s and CIB’s forecasting for assets, liabilities and RWA across LEs and Group, while being accountable for the variances and accuracy of the forecast
Forecast WRB’s and CIB’s impact across key metrics such as LCR, NSFR, CET1 and Leverage ratio and drive business growth whilst meeting metrics across LEs and Group.

Financial resource optimisation

Optimise WRB and CIB balance sheet across assets, liabilities and capital to improve business competitiveness whilst maximizing the balance sheet capacity within existing regulatory and internal liquidity metrics.
Working closely with the WRB, TB Cash and Markets businesses in the region, and the CPM product areas managing these globally, drive improvements in quality of WRB and CIB liabilities, to reduce Cost of funds and reduce the contribution to Treasury drag
Working in close co-ordination with the CPM distribution team, drive diversity in funding sources including structured and contingent funding, as well as reduce the RWA volatility through distribution actions.
Work closely with the CPM Asset/ Coverage teams to drive RWA and liquidity consumption efficiencies across key balance sheets to maximise Group RoTE.
Work closely with the CPM WRB team to drive optimisation of the liabilities across CIB and WRB at country level to improve Group ROTE outcomes.
Through a combination of above, drive reduction of Central & Others (“C&O”) drag attributed to WRB and CIB.
Promote alignment of global priorities (segment / product / function) with local balance sheet realities (regions/countries), raising awareness and understanding through pro-active, insightful engagement.

Stress Testing and Modelling…

Head, Financial Resource Management Middle East