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  • Posted: Jun 23, 2022
    Deadline: Jul 5, 2022
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  • In 1965, the Standard Bank of South Africa merged with the Bank of West Africa acquiring businesses including a banking operation in Nigeria, which dated back to 1894. The name was then changed to Standard Bank of West Africa. Four years after the merger, Standard Bank Nigeria was incorporated locally to take over the business in Nigeria. In 1971, 13% of the...
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    Manager, Balance Sheet and Performance Management

    Job ID: 2200014785
    Job: Finance
    Employee Status: Permanent

    Responsibilities
    Strategy:

    • Balance Sheet, Liquidity and Capital Management:
    • Identify various types of risks in the bank’s balance sheet.
    • Provide input for strategic oversight, thought leadership and quality solutions to maintain capital ratios without compromising on growth;
    • Develop opportunities and strategies to add value and protect earnings taking into account interest rate outlooks.
    • Understand the extent to which the balance sheet position impacts on the financial performance of the Bank in various economic and interest rate scenarios
    • Actively contribute to providing leadership and direction in driving the Balance Sheet and Capital Management of the Nigeria business including the ALCO priorities;
    • Provide insights, analytics and other the subject matter expertise to drive balance sheet and capital efficiency targets at the country level, in partnership with the Finance leadership team, Risk  and Group Treasury;
    • Provide subject matter expertise to drive and strengthen our competitive advantage through proactive capital and liquidity management;
    • Carry out a monthly analytical review of the Balance Sheet and provide insights into key drivers of performance in terms of business segments and products;
    • Deliver the following Group reports within set deadlines: Budget Balance Sheet; Capital Plan; ICAAP
    • Drive regulatory related reporting and deliverables in partnership with Business and Risk in relation to Capital and Liquidity;
    • As a key member of the ICAAP working group, own and deliver capital inputs and provide insights for the final output document;
    • Have a good knowledge and understanding of Balance Sheet components and drivers, and lead the drive to optimise these for the country.
    • Work closely with the Regional/Group Performance Management and Balance Sheet teams to identify and coordinate opportunities for both BAU and Strategic objectives including rationalization of management reporting, automation opportunities, etc as well as with the Aspire teams and Finance Systems with regards to infrastructure and process.
    • Prepare reports and findings, including financial information to assist Ho BS&PM in ALCOs decision making and maintain oversight on production of ALCO pack.
    • Monitor the strategic balance sheet measures to ensure adherence to approved limits.
    • Assist where required in working groups appointed by ALCO to address strategic issues that impact Balance Sheet, Liquidity and Capital.
    • Assist where required with the annual ICAAP and other stress test exercise including SCB Nigeria related stress tests working jointly with Group Treasury.
    • Assist where required with the SCB Nigeria balance sheet optimisation & capital agenda jointly with Group Treasury.
    • Be in charge of the FTP framework and policy application
    • Management of Quarterly Subsidiary Board Papers

    Performance Management:

    • Provide appropriate and reliable MIS for the development of SCB marketing strategies & business plans and monitor performance of the Segments against financial budgets / FCs.
    • Analysis at various levels to improve decision making:
      • Economic / business sector
      • Credit / non-credit products
      • NIM / Volume analysis
      • Cost analysis
      • Competitive Analysis
    • Address underlying profitability & risk/reward aspects, e.g. revenue streams/ income leakages/ reduction of expenses etc. through appropriate strategies such as tariff revision, periodic interest rate reviews, cost allocation rules, risk and capital charge, Basel etc.
    • Ensure that the MIS delivered is reflective of existing business KPIs.
    • Review monthly cost reports and commentaries prepared by the team and ensure these are circulated in a timely manner, and attend to queries arising;
    • Proactively work with Business finance and GFS to deliver accurate forecasts and budgets including active involvement in the planning, review and challenge process;
    • Review of P&L to provide insights into key drivers of performance in terms of business segments, products and cost lines, and track monthly variances;
    • Highlight opportunities and risks for management action;
    • Deliver monthly flashes within the set deadlines
    • Deliver the following Group reports within set deadlines: Quarterly forecast; Annual Budget, Corporate Plan

    Advisory:

    • Provide recommendations on optimal balance sheet shape (deposit and capital mix, funding and asset profile, currency mix, returns, dividends)

    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 Balance Sheet and Performance Management Team to achieve the outcomes set out in the Bank’s Conduct
    • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

    People & Talent:

    • Set appropriate tone and expectations in terms of ensuring effective financial controls.
    • Serve as Secretary to ALCO and ensure all minutes are promptly circulated and action plans are tracked
    • Work with the colleagues to deliver specific projects and deliverables, as determined by the Country CFO
    • Develop and embed a high-performance culture with specific focus on capability, effectiveness and productivity

    Risk Management and Control:

    • Ensure adherence to structural liquidity and capital limits, authority frameworks and related minimum control standards and mitigants to ensure risk exposures material to the country remain within risk tolerance and risk appetite.
    • Identifying pressure points and potential emerging challenges related to structural liquidity and capital limits in country balance sheets.
    • Seek appropriate assurance that structural liquidity and capital policies and other control requirements are effectively implemented and monitor ongoing policy compliance.
    • Ensure robust process controls are in place in line with the operational risk framework

    Governance:
    Laws and regulations:

    • Have and maintain good understanding of applicable laws and regulations pertaining to liquidity, capital, recovery and resolution planning and ensure appropriate controls to remain compliant with them.
    • Delivering the Group capital and liquidity agenda
    • Have and maintain good understanding of structural liquidity and capital policies and other control requirements.

    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 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.
    • Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.

    Key Stakeholders
    Internal:

    • CFO - Country
    • FC – Country
    • Business Finance Heads – Country
    • Country ALCO
    • Treasury Markets
    • Regional Head, Balance Sheet and Capital Management
    • Africa & Middle East Office –Dubai
    • Group Finance, London
    • GFS Ghana and Chennai
    • Group Treasury
    • Group Internal Audit
    • Africa Finance Systems.

    External:

    • Auditors
    • Central Bank of Nigeria.

    Other Responsibilities:

    • This is a key role as a finance partner to senior country leaders. Superior level of judgment is required - in identifying risk and opportunities on Capital and Liquidity Management and making recommendations and providing effective solutions and advice to ALCO;
    • Providing in depth analysis and insights to drive the Capital and Liquidity Management agenda and take it to the next level; providing insights into the business performance, risks and opportunities to drive business decisions.

    Qualifications
    Training, Licenses, Memberships and Certifications:

    • First Degree (B.Sc) in Accounting, Finance, Economics or similar degree
    • Desirable - Professional certifications in Accounting, Professional Memberships in ICAN, ACCA
    • Understanding of International Financial Reporting Standards (IFRS) and its impact of the bank’s financial reporting.
    • Good working knowledge of the Group Accounting practice and Local Regulatory requirements supplemented by all round Banking experience.
    • Candidates should have a proven track record of presenting and interacting at the senior management level hence possess exceptional verbal and written communication, presentation, facilitation and interpersonal skills with an ability to relate at all levels;
    • Prior experience should demonstrate both the analytical and strategic abilities experience;
    • Prior experience in implementing a Basel regulatory and capital management framework will be an added advantage;
    • Management and leadership skills in a dynamic and high expectation environment with an ability to work under pressure and deliver under tight deadlines;
    • A team player and independent worker with ability to delegate to get the most out of the team;
    • Cross team collaboration and leadership experience skills - proactive engagement with various units across different geographies
    • Strong Microsoft Excel, SQL and PowerPoint knowledge

    Languages:

    • English

    go to method of application »

    Assistant Product Manager

    Job ID: 2200015125
    Job: Retail Banking
    Employee Status: Permanent

    Responsibilities

    • Assists Product Managers implement strategic business programs, devising and cascading tactical product campaigns to the sales staff.
    • Supporting sales staff with relevant product support, training and marketing collaterals.
    • Utilizing and implementing all business MIS set generated by SBIU to monitor the Key Performance Indicators for Wealth Managed Investment products.
    • To assist in developing awareness for Investment products and stimulating an investment culture in CPBB clients / prospects across all segments by implementing various initiatives e.g. seminars, presentations, incentive schemes, social / club engagements etc.
    • To assist in creating a strong product offering by providing market feedback and monitoring trends locally and abroad.
    • Working with Product Managers and Frontline to achieve balanced growth of the business by:
    • Growing the Assets Under Management volumes to maximise on revenues
    • Monitoring the Investments portfolio to identify concentration risks, detect deterioration, and income tracking.
    • Ensure effective delivery of products and services to Investment Services customers by deploying appropriate systems & processes to support the business.
    • Manage risk to minimize operational losses and always maintain reputation of the bank.]

    Strategy:

    • Assists Product Manager in the execution of agreed objectives on product management and accountable for performance / income from Managed Investment Products
    • Work with Product Manager for active analysis and review of wealth customer base to understand customer profiles, behavioural & lifestyle traits etc to drive marketing objectives
    • Accountable for constant analysis of other customer bases (including product holding mix, revenue contribution, behavioural / lifestyle analytics) to identify opportunities for increasing customers’ wallet share (total value) with Bank
    • Work closely with Product Managers in the Region who are accountable for implementing strategic business programs, executing product development and enhancement, providing guidance to sales staff on products

    Business:

    • To support sales channels towards achievement of Wealth Management Investment Products targets as they apply to Assets under management, facility limit/utilization and revenue.
    • To support and work with frontlines in driving execution of Wealth management products/solution through presentations and training efforts in branches.
    •  To assist to design and implement periodic internal and external campaigns to support Wealth Management Investment Products offered by the bank.
    • Develop a robust customer database for Wealth products.

    Risk Management:

    • Control and monitoring to minimize mis-selling risk.
    • Ensuring high operational quality and compliance conformance.

    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 to achieve the outcomes set out in the Bank’s Conduct PrinciplesEffectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
    • Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.

    Key Stakeholders

    • Head of Advisory and Managed Investment AMEE
    • Heads of Managed Investment in AME
    • Head of Wealth Management Nigeria
    • Affluent Relationship Managers.

    Qualifications
    Our Ideal Candidate:

    • Degree certificate
    • At least 2 years’ experience in consumer financial services.
    • Thorough knowledge of the Bank’s products, services and delivery channels available to Retail customers.
    • Thorough knowledge of the Bank’s Procedure and Policies
    • Excellent Interpersonal skills.
    • A self-driven individual with good organisational skills.
    • Effective writing and presentation skills in English.

    Method of Application

    Use the link(s) below to apply on company website.

     

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