Jobs at Standard Chartered Bank Nigeria

Job Purpose

• Manage and deliver the TB end-to-end product objectives within the country for Trade in alignment with global objectives for the product line, including financial and non-financial performance, enhancement of capabilities, product and client access future strategies, and oversight of risk and governance in alignment with the Product Head for Trade.

Responsibilities
Financial Performance and Profitability:

• Directly responsible for product Profit & Loss within the country, and support as required the origination process.  Have clear responsibility over pricing for all trade products and management of assets, contingents, and for the allocation of Risk Weighted Asset (RWA)
• Work with the Regional Product Head in the management of the country Asset & Liquidity Committee (ALCO) in alignment with country TB Heads and Regional Product heads.   Monitoring market changes and pricing strategies.
• Drive in conjunction with regional product head, central revenue initiatives locally by ensuring that in country action plans are in place and revenue targets are achieved
• Determine standard product pricing and monitor collection of fee and NII across products for the country.
• Develop jointly with the Sales team a local Product & Sales strategy to meet country objectives, in line with the overall Transaction Banking strategy
• Conduct ongoing competitor analysis to capture the opportunities, mitigate the threats and deliver financial performance. Recommend and plan actions to build or reinforce our competitive edge
• Drive end to end product performance, improving efficiency through the e-agenda, straight through processing, ensuring scalability to grow in the market.

Product Management and Development:

• Directly responsible for articulating the product strategy and executing product initiatives on the annual operating plan in country
• Directly responsible for understanding customer needs and develop the client value propositions that will address them across all client segments relevant for the market and feeding these needs into the Regional product teams.
• Sponsor launches of product enhancements, new products, channels or new platforms as required. Work jointly with Sales and Marketing to develop collaterals for local market, communicate product launches, organize customer events and develop a sales campaign strategy to ensure that the new products meet planned volume and revenue targets
• Ensuring training initiatives are executed in the country in line with the global commercialization agenda.   
• Identify and market-size new business opportunities and revenue pools and articulate the product and client access capabilities needed to seize a share of them
• Establish a strategy that drives a customer-centric view into Transaction Banking with activities including but not limited to focus groups, customer surveys and Voice of the Customer.
• Where relevant work with the Network team, to building of relationships with third parties to expand the product offering as set out in the country plan and look at ways of reducing cost of such relationships.

Commercialisation:

• Provide leadership to commercialize new and existing product offerings in the market.
• Directly responsible for commercialization of new product capabilities by ensuring commercialization plans, targets and infrastructure to maximize success for it launch
• Be a critical advocate, internally and externally for the Transaction Banking business with the commensurate presence, credibility and communication ability to manage internal and external stakeholders in the region externally (including client education and commercial opportunities) and internally across functions.
• Understand the needs of customers and prospects, and implement structures and solutions to meet these needs ensuring delivery of all SCB related capabilities,
• Provide ongoing support and training to Transaction Banking (TB) Sales, Corporate, Commercial & Institutional Banking, Global Market, Risk and Group Technology & Operation staff to provide assistance to facilitate the closure of large or complex deals.
• Maintain high level client interaction.  Approximately 20% of your time should be spent on client-related activities focused on strategic topics that help understand client needs and ensure an appropriate set of solutions delivered.

Leadership:

• Provide strong leadership to the in-country team
• Be a lead market advocate for TB participating and representing the Bank in industry bodies and market forums.
• Actively influence regulatory and public policy agenda through regular engagement with key regulators; be a point of reference in the region to give context to proposed regulations
• Provide leadership, coaching and motivation to the team and ensure that members are adequately equipped and trained to handle their role and work effectively in a matrix organisation.

Risk & Governance:

• Identify and mitigate the Operational, Credit, Regulatory and Business conduct risks relating to TB products within the country.
• Ensure country compliance on Group standard for Audit, Control and financial reporting including reporting of risks to BORF/CORGs
• Work with operations to improve overall service standards and to ensure that quality of service to customers remains superior to competition
• Ensure timely renewal of country addendums (CAs) to PPGs and proactively work with stakeholders to identify and quantify new and existing risks.
• Ensure compliance with all Client Due Diligence (CDD) and Anti-Money Laundry (AML) and Sanctions policies and procedures.

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.
• Lead the Transaction banking Business to achieve the outcomes set out in the Bank’s Conduct Principles
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Requirement

• Candidates should possess relevant qualifications.

Key Stakeholders
Internal:

• Central Product Management Team
• Africa and Middle East Transaction Banking Team (Segment/Business/Product/Sales Heads, Transaction Banking Sales, Product, Implementation, Business Risk, Corporate Service Manager etc)
• West Africa Corporate, Commercial & Institutional Banking, and its Business Partners (Credit – CRC, Finance – CFO, Legal and compliance, Group Technology & Operations, HR, Group Internal Audit)
• Relevant country committees (Asset & Liquidity Committee)
• Corporate Affairs marketing.

External:

• Customers (across the breadth of the portfolio)
• Trade associations
• Vendors
• Infrastructure providers
• Trade and industry journals
• Competitors (industry initiatives)
• Regulators and Government agencies.

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The Role Responsibilities

• Group Internal Audit (GIA) in Standard Chartered Bank is looking for an exceptional and dynamic Senior Audit Manager to join our Finance GIA Team within the Group CFO audit team.
• The Finance audit team provides coverage over the full suite of Finance globally. This includes coverage around Stress testing, Financial Controls, Financial Regulatory Reporting and Tax.
• We pride ourselves in being Auditors of the Future, forward-looking and agile with a keen focus on Smarter Auditing. When you join us, you will enter a role that challenges the status quo, moves mindsets and be a part of the future of banking.
• You will have a crucial role in providing audit coverage on stress testing, financial controls, financial regulatory reporting and tax.  This is a critical role, that provides exposure to auditing and risk management at a global scale and offers significant career development opportunities. The role reports to Head of Audit Finance.

Purpose

• Lead all audit and risk assessment work on Finance.
• Ensure audit work clearly identifies and provides assurance on all relevant risk types including financial reporting, tax and financial controls.
• Establish relationships with senior business stakeholders in Finance, Tax and Stress Testing.

Strategy:

• Support the HOA and SAMs where required, in the development of the GIA risk assessment and development of an appropriate audit plan for the HOA’s assigned portfolio.
• Propose audits for coverage during the audit cycle based on their knowledge of the business.
• Carry out their role in line with the Audit Charter and remain independent from management and free from interference.

Business:

• Assist the HOA to effectively manage the cost of assigned audits within the allocated budget for audit engagements.

Audit Delivery:

• Participate as team member or team leader for assigned audit work and potentially lead the more complex audits such as cross-functional and multi-location high risk audits.
• Ensure that audit deliverables meet quality standards and timelines in line with the GIA methodology.
• Draft and submit inputs to the audit scope (including the Audit Planning Memo and Controls document) proposed by the Audit Lead.
• Assist in the drafting of the audit report in the GIA report review process.
• Track the implementation/delivery of the agreed issues and action plans for the audits assigned, understanding the key risks arising, provide advice on resolution of issues to auditees/action plan owners and escalate audit findings that remain unresolved.

Risk Assessment:

• Support the HOA to update the relevant assigned risk assessments on a regular basis to ensure that changes in risk profiles are identified in a timely manner, proposing changes to the assigned audit plan to the HOA, as appropriate.
• Be prepared to raise issues/concerns outside the normal audit process.
• At the request of the HOA, attend relevant meetings (e.g. PSCs, Management Groups and Committees) to keep up-to-date on key business matters and provide the right challenge to ensure risks are appropriately identified, discussed and timely remediation plans are put in place.
• Review MI and reports regularly to keep up to date with key trends within the business.

Stakeholder Management:

• Establish and maintain effective working relationships with the management of business units which fall under risk assessment responsibility.

People and Talent:

• Demonstrate proactivity and positive engagement during team sessions.
• Influence change within the department by highlighting potential enhancements. 
• Identify growth areas at the start of each audit and discuss with the Audit Lead on how best to work on them during the work.
• Identify and successfully complete key internal training for self-development.
• Support the HOA to proactively spot talent for GIA.

Governance:

• Assist the HOA to manage the relevant Product/Country clients and establish good working relationships to help the businesses improve the control environment and keep updated with changes in the business impacting their risk profile.
• Ensure clear communication of findings/issues/root causes to all relevant clients and monitor/escalate any overdue actions plans to the appropriate business manager and/or governance committee for resolution.
• Ensure timely escalation of delays in execution of audit work, both to auditee management and GIA management.

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.
• Support the GIA to achieve the outcomes set out in the Bank’s Conduct Principles.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders:

• Designated business stakeholders, typically related to individual audit assignments and the assigned portfolio.
• GIA stakeholders – team leaders, team members, team managers, Product, Functional, Country and Regional Heads of Audit.

Other Responsibilities:

• Embed Here for good and Group’s brand and values in GIA.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Job Requirements
Our Ideal Candidate:

• A Bachelor's or a Post-graduate Degree in Finance and / Accounting. Certified Public Accountant or equivalent.
• A successful track record with a minimum of 5 years (Audit Manager) or 10 years (Senior Audit Manager) in Finance auditing with a bank, consulting organisation, Big-4 accounting firm.
• Hands-on expert knowledge and successful track record of the following: 
• Financial Controls
• Stress Testing
• Financial regulatory reporting
• Tax both direct and indirect taxes.
• Track record of performing work independently with minimal supervision and meeting stretch timelines; comfortable to deal with ambiguity and solve problems.
• Very good written communication skills, willingness to learn, be persuasive while being respectful to others and being open to contrary views.

Benefits
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.