Dealer, Treasury Markets

Standard Chartered Bank - UAE

Iraq

Ref: HP048-1405

Job description / Role

Employment: Full Time

To lead the Treasury Markets (TM) 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 TM activities, including:

* Prudent day-to-day and intraday management of the liquidity position in the country, including the day-to-day compliance with Group Policies and Guidelines, Local Regulatory requirements, local payment system and intraday liquidity requirements
* The maintenance of the bank's presence in the inter-bank market to aid funding and investment activities
* The management of both revenue and cost budgets

This role entails managing multiple Financial Markets (FM) risks including liquidity risk, market access risk, maturity concentration risk and interest rate risk of the Bank's Balance Sheet

The job holder must also ensure the Bank is adequately funded and has a funding strategy to meet planned asset/liabilities growth of the commercial balance sheet and also has plans for unanticipated contingencies.

Key Roles and Responsibilities

Strategic Management of the Bank's Balance Sheet Risks

* Ensure Statutory (both International and local regulations) Liquidity requirements and internal Group Limits are adhered to
* Lead the way in the ALCO forum through active participation, providing ALCO members with timely balance sheet analysis and market information, ensuring other ALCO members are always engaged in an up-to-date Balance Sheet strategy that compliments the bank's revenue aspirations
* Propose, negotiate and regularly advise on the Funds Transfer Pricing Policy for the Bank, in a consistent manner and in compliance with the Group policies, taking into account local market dynamics
* Support ALCO in decisions relating to Capital requirements and management, proposing investment strategies, and market research
* Support development of active RWA management and adherence to country targets
* Show creativity when proposing solutions to specific funding problems, engineering solutions and 'thinking outside of the box'
* Proactively manage IAS39 related issues ensuring full compliance, as well as identifying arising risks and opportunities and ensure full documentation for all hedges
* Prove ability in managing change, especially when imposed by the external environment (regulatory)

Operational Management of the Country's Balance Sheet Risks

* Manage daily liquidity ensuring adherence to all internal and external limits
* Maintain strategic capability to meet stressed liquidity conditions if and when required
* Ensure that all lending and investment decisions are made within MTCR and Credit limits
* Ensure that all compliance and local regulatory requirements are met and reported as appropriate
* Support and develop the payment systems and ensure the Bank's liquidity supports the capability of meeting customer payment needs
* Liaise with support services and the back office on behalf of the team, to maintain the provision of high quality services to traders
* Ensure that full advantage is taken by traders of the available technology support
* Represent the TM business in projects involving the implementation of major changes in the systems technology area
* Take overall responsibilities for the IM, LM and TM Support functions, ensuring they function as a team.

Achieve Financial Budgets through

* Management of interest rate mismatch and risk positions to maximise returns (through P&L and MTM)
* Sourcing diversified low cost funds
* Managing operating costs

Support other Financial Markets businesses by

* Providing funding support and competitive rates to trading
* Liquidity support to Group branches (London, Singapore, etc) in line with GALCO expectation
* Assist and coordinate with the other TM units in the region
* Assist in building compliance culture within the country by ensuring full compliance in TM

Ensure Money Laundering Prevention

* Ensure money laundering prevention requirements and procedures are communicated and clarified to TM staff
* Ensure the procedure of suspicious transactions monitoring within TM is communicated
* Report any issues related to money laundering prevention arising within the unit to FCC
* Vet and assist in the investigation of suspicious transaction reports originating from unit staff
* Communicate with Relationship Manager (RM) on money laundering requirements and suspicious transactions
* Act us backup for TM Jordan dealer or any other person in the region.

Requirements

* MBA / CPA with excellent conceptual and practical knowledge of financial markets
* Ideally an experienced commercial banker with a thorough understanding of the operating environment dynamics, banking products and management structures of a large and successful commercial bank
* Extensive Global Markets and Risk Management knowledge, with a thorough understanding of Fixed Income and Money Markets
* Track record of profit generation and discipline in managing large market risk exposures
* Strong interpersonal skills and high levels of maturity to manage interaction with different Business Units in the Bank especially in the matrix organisation structure / Global lines of business
* Strong analytical and communication skills to gain approval of Head GM, ALCO members and Group for complex strategies and funding solutions
* Strong achievement orientations and an ability to work under pressure
* Ability to articulate market views and translate into trading strategies

Closing Dates

The closing date for applications is 10 September 2017. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.

Diversity and Inclusion

Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.

Get personalised updates on latest vacancies
Job Alerts by Email
  • Personalised updates on latest career opportunities
  • Insights on hiring and employment activity in your industry
  • Typically sent twice a month