Head, Financial Institutions Rates & Credit Sales, East Africa at Standard Chartered Bank Kenya

Job description

The Role Responsibilities

The purpose is to grow the Rates & Credit Franchise in East Africa region from a business perspective whilst following all regulatory responsibilities

• Strategy
  • Awareness and understanding of the firm's business strategy and model appropriate to the role
  • Grow the Rates and Credit Franchise for East Africa
  • Develop our business in line with internal and External requirements
  • Make our business more efficient
• Business
  • Achieving assigned full year budget. Within this budget, generate specific Financial Markets Product mix
  • Ensure the Bank's clients receive pricing and support, both in terms of trading and market information
  • Is an individual contributor and supports others
  • Awareness and understanding of the wider business, economic and market environment in which the firm operates
  • Executing Trades: Follow credit check processes, appropriateness and suitability as well as assessing market risk amongst any other limits set against the business.
  • Responsible for executing the activities within the end-to-end Process in accordance with the process design and control standards
  • Jointly and severally responsible with the Second Line for risk and control outcomes of the process and any remediation or risk treatment actions in order to remain within risk tolerance
• People and Talent
  • Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
  • Ensure the provision of ongoing training and development of people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
  • Employ, engage and retain high quality people, with succession planning for critical roles.
  • Responsibility to review team structure/capacity plans.
  • Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Risk Management
  • Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the firm. Also, an awareness and understanding of the main risks facing the firm and the role the individual plays in managing them
  • The ability to interpret the firm's financial information, identify key issues based on this information and put in place appropriate controls and measures
  • Must be aware of and follow our procedures including Cross-Border, Termsheet, Dodd Frank where applicable, Product Fair pricing, Disclaimers and suitable Marketing Materials. Must manage EUCs, be aware of Dealing Mandate requirements, FM FO Dealing Handbook, PA account Dealing Principles as well as the Gifts and Entertainment register, New Joiners, Staff transfer/Exit checklists. Must also follow MAR requirements and manage FM Supervisory responsibilities.
• Governance
  • Responsible for assessing the effectiveness of the firm's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas
  • Awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role
  • Responsible for delivering 'effective governance'; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner.
• 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 East Africa FM Rates & Credit Sales Team to achieve the outcomes set out in the Banks Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • Follow the rules and any applicable regulations

Key Stakeholders

Trading, Structuring, TCRM, Operations, Risk, Credit, Legal, Compliance, Regulators

Other Responsibilities

• Embed Here for good and Group's brand and values in East Africa FM Rates & Credit Sales team and demonstrate in daily behavior
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• Follow FM Code of Conduct, Compliance Manual, Supervision Principles and Manual as well as FM Market Conduct Compliance Manual
• Multiple functions (double hats)

Our Ideal Candidate

• University degree
• Relevant senior experience gained within Financial Markets; Thorough knowledge and understanding of Financial Market products
• Demonstrable track record of senior client engagement
• MBA and or CFA Charter holder would be an added advantage

Apply now to join the Bank for those with big career ambitions.