Latest Job Openings at Standard Bank Group

Job Purpose:

• Provide specialist product agnostic investment support and execution to clients and frontline teams to meet Clients’ investment objectives  and feedback to ensure provision of best solution.
• Liaise with product specialists across a range of investment asset classes to discuss client requirements and feedback to ensure provision of best solutions.
• Provide portfolio analysis and liaise with Clients on own portfolio to feedback on portfolio performance and seek opportunity to cross sell and deepen wallet share.

Outputs:

The role will entail the following deliverables and key competencies: -

• Provide a consistently high quality overall operational service to the WI SBG team and WI customers: -
• Timely communication with investment clients and internal stakeholders.
• Provide end to end support for the investments  function including the placing, monitoring of orders and settlement of trades in the fixed income and equity market.
• To ensure growth in company revenue by providing responsive, proactive and efficient services to existing and potential clients to grow market share in the securities industry.
• Leverage the group’s reach, capabilities, and expertise to add value to both the customer and the Wealth and Investment business
• Timely processing of documents; CDS and Account opening, KYC, payments, and statement/confirmation requests etc.
• Ensure strict compliance with laid-down risk management controls and processes. 
• To develop, maintain and build strong long-standing relationships with existing and potential Wealth and Investment Clients and other stakeholders.
• Maintaining a high level of integrity and ethical standards commensurate with the requirements of market best-practice.
• Compile Data reports and assist with preparation for internal and external presentations.
• Responsible for the implementation and adoption (within Branch, Department or Section) of all Compliance, Anti-Money Laundering and Sanctions related requirements contained in policies, procedures and processes. This includes the consideration and approval of PEP on-boarding and continued business engagement in instances where no adverse information is available.
• Ensure incident reporting is done in a timely manner.
• Ensure queries raised are responded to and resolved as per SLA.

SBG SECURITIES

• Maintaining communication between SBG Securities customers and Operations Teams - in terms of giving updates, maintenance, and compliance duties and responsibilities under the unit.
• Support the SBG sales function by ensuring operational continuity.
• Understanding of the overall risks associated with the CDSC and payment operations and ensuring there are sufficient and effective controls to manage these risks. Understanding the rules and regulations as set out by CDSC Ltd and ensuring adherence.
• Providing a readily available, service-focused, knowledgeable and experienced point of contact for clients for all CDS Operations.
• Assist with the  SBGs client onboarding process including with preparation of business acceptance documentation.
• Attending client meetings to represent  SBG securities  and assisting with meeting actions, minutes and related deliverables.
• Monitor news flow relating to companies. Provide on-going feedback to investment team.
• Establish and maintain relationships with other market players mainly licensed members of the NSE, custodians and fund managers
• Ensure that KYC requirements are met for all customers.
• Educate clients on existing company policies and procedures as well as basic introduction to the stock market and how it operates.

General

• Consistently deliver high quality service to all customers; internal & external.
• Carry out and ensure that clients have met the KYC documentation requirements for the company.
• Ensure that integrity and honesty is always maintained in all client dealings.
• Maintain a thorough knowledge of the organization and adhere to all organizational standards, policies and procedures
• Liaison between SBG operations  and Investments
• Ensure seamless communication between Sales Teams, and Operations
• Co-ordinate special projects
• Review and update procedures when and where necessary
• Maintain low levels of errors and zero tolerance to fraud
• Timely and accurate generation of reports
• Manage the query resolution process by providing timely responses
• Ensure confidential handling of client documentation and information
• Timely archiving and storage of client documentation
• Manage the administration of market actions such as IPOs and Rights issues while liaising with SBG operations.

QUALIFICATIONS

• Relevant business/financial qualification.
• Ability to interpret financial statements.
• High levels of computer literacy - able to capture/update customer database, successfully complete product/lending applications, ensure credit maintenance, etc.
• Understanding of the high net-worth individual and affluent market – typical profile, lifestyle, financial needs, etc.
• Knowledge and understanding of segment value proposition – especially the operational activities required to deliver the Investment and SBGS value proposition.
• Sound knowledge of all products and channels relevant to this market, including qualifying criteria, documentation requirements, application processes, product/channel features and benefits, pricing, product/channel combination possibilities and efficient product usage through self-service channels.
• Thorough knowledge of bank and industry systems.
• Meet annual requirements of Continuous Professional Development as specified by the regulator.

ADDITIONAL INFORMATION

• 10 years plus  of operational/Sales / Portfolio Management / Investment Advisory experience in a securities business or other financial intermediary.
• A relevant University degree.
• 5 years plus  banking experience, preferably dealing with high net-worth individuals in a portfolio context.
• Experience in upholding the highest levels of service.

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Job Purpose:

To build a profitable lending, deposits & transactional products book that offers the best solution in the market to both BCC consumers. Enhancing existing products aligned to client needs and partnering with the Innovation Team to develop disruptive and strategic alternative revenue generating products while delivering ROE above budget Year on Year. The job holder will be tasked with partnering with the Head, Everyday Banking, Cash & Lending, Africa Regions to derive and drive the BCC Lending, deposits & transactional products strategy for Kenya. The role will also entail optimizing the BCC balance sheets, and will be responsible for setting product and customer pricing, managing risk/reward trade-off, concession management and price optimization.

Outputs:

Lending and liabilities planning & revenue assurance (strategic and operational)

• Develops product plan and requirements for strategic lending and liability Products in liaison with Innovations and Beyond Teams for:
  • Features and Functionality
  • Match features and functionality with the Competition & the Segment CVPs and address any gaps.
  • Distribution, Servicing & Marketing strategy
  • Risk Appetite
  • Regulatory Compliance
• Set product and customer pricing and product profitability drivers (fee, interest (assets & liabilities)) for the strategic products.
• Monitor product performance identifying areas of opportunities and seeks feedback to facilitate improvements in all aspects of the product.
• Improve efficiencies by driving process rationalization to improve service delivery and TAT, digitization and ownership of product governance through NACs and CRMC.

Optimize pricing

Working with the Senior Manager, Revenue assurance in;

• Setting the pricing of the lending products using the ROE models to optimize client and product profitability
• Price Implementation: Get the pricing approved through the Pricing Committee
• Ensures pricing is correctly implemented on the system/IT platforms.
• Price Monitoring: Monitor the interest rates & fees offered to clients against the approved pricing.
• Review concession management process
• Responsible for tracking client covenants and adherence of the terms
• Review portfolio yields & margin report on a monthly basis
• Identifying and curbing any revenue leakage in the products

Transactional Products and Liabilities (TPL) responsibilities

• Drives TPL product alignment with customer value propositions (CVP’s) and the business operating model by deriving activities from the CVPs and sharing these with the various customer service teams for execution.
• Conducts market assessments and prepares proposals (based on guidelines obtained in the products and pricing manual) for new TPL products and services – obtains approval and then implements new TPL products/services.
• Prepares proposals to amend pricing and presents proposals to the Country Product Pricing Committee for approval. Oversees the correct implementation of pricing decisions in the branch network through reference to marketing brochures, engaging operations shared services, conducting system tests and staff training and conducting post implementation assessments.
• Trains all sales staff on new products approved by the new product committee.
• Works with marketing and communications team on campaign and go-to market strategies for all TPL products to create awareness in the market.
• Conducts product insights and analysis by segment per product i.e. current accounts, savings, Fixed Deposits, Call accounts to understand the trends that impact our balance sheet.
• Identifies strengths and weaknesses of the business pricing by keeping abreast of market developments and the competitor landscape.
• Establishes TPL product strategies (for final ratification by Head, Banking) appropriate risk appetites, pricing strategies, and portfolio optimisation initiatives within the laid down BCC product strategy.
• Supports the growth intentions of BCC through the development and implementation of new products / features / options and service / experience enhancements – with approval from New Products Proposal Committee.
• Conducts market research (local and international) to inform product / solutions decisions in order to do a business viability study and finalize the product design.
• Understands and manages key product drivers that influence revenue streams and risk exposure on specific product portfolios.
• Identifies revenue optimisation initiatives, obtains required sign-offs and coordinates implementation. This can be done through customer insights collected by the team, engagements with segment heads and understanding of current processes and procedures and proposing improvements where necessary

Measures:

• BCC liabilities balance sheet growth and target achievement.
• Growth in customer numbers in line with the annual budget.
• Market share growth in our chosen market segments as per agreed target.
• Competitive product pricing.
• Growth in transaction volumes.

Profitability Management

• Tracks product performance and profitability (financial performance) using financial reports and product performance reports on Power BI, proposes and implements decisions on which products to focus on or revamp.
• Contributes to product budgeting for both Net Interest Margins and Net Interest Revenues by working closely with the Finance manager, Head Banking and Segment Heads.
• Complies with the governance of product pricing by participating in the pricing committee discussions and adhering to the pricing manual.
• Manages product costs through process rationalization and building efficiencies through cheaper digital channels.
• Develops accurate forecasts and outlooks on pricing based on the macro-economic trends, performance of the market, customer feedback, etc.
• Curbs income leakages by reviewing the transactions volume report on Power BI, analyzing it to check for leakages.
• Works closely with support functions such as Credit and payment teams to ensure appropriate policies and limits are in place as well as determining the correct pricing.
• Develops effective acquisition and retention tactics to achieve profitability targets and share with the sales teams on a regular basis.
• Analyses market dynamics, pricing trends, market opportunities, operating and sales margins in order to develop reports, procedures and tools for pricing and price discounting.
• Assesses the impact of pricing changes on the bottom-line as well as on customers and shares report with Head, Banking on a quarterly basis
• Establishes metrics for evaluating the performance of the pricing strategy and implements for use by the liabilities and products team.
• Validates that the metrics used are aligned with the pricing strategy and goals of BCC Product.
• Continuously monitors price exceptions to determine whether process or policy adjustments are needed.
• Monitors the financial results and performance of price strategies within the business segments in order to validate and recommend appropriate pricing strategies for each segment.

Measures:

• Product revenues above budget as agreed (net interest income and non-interest income).
• Lower product cost against revenues from products.
• Accurate monthly product profitability reports supplied to BCC MANCO.
• Achievement of economic profit, income statement and balance sheet objectives for the specific product.

Customer Service

• Develops and understands core customer insights through customer visits with Relationship Managers and customer forums organised by the bank.
• Develops sales / cross-sell tactics aligned to overall customer offerings which are indicated in the customer value propositions per segment.
• Collaborates with Digital Channels to drive digital agenda for all products to improve on the customer experience.
• Manages dormancy and attrition trends on liabilities and deriving initiatives to curb the same.
• Ensures the products are effectively positioned in market, and that the right awareness is created and effectively positioned with the target market.
• Drives quality service for new and existing clients with an aim to retain and expand the client base by communicating activity plans to service and sales teams that are derived from the CVPs.
• When required, present to customer-facing staff the rationale for price changes and the introduction of new fees and services.
• Ensures correct implementation of pricing for all customers, including Franchising and Public Sector entities, as well as key Mid-Corporate customers.

Interprets customer, competitor and market segment insights and analytics in order to derive an understanding of customer needs / wants /behaviors to identify opportunities for development of new products

Measures:

• Positive NPS scores as per target.
• Market share growth across the chosen segments on balance sheet.
• Growth in customer numbers.

Segment and Branch network support

• Drives the direct sales process to ensure sufficient leads are provided to the outbound call centres and sales teams in BCC.
• Assists with sales and marketing plans by enhancing and managing the implementation of new opportunities to increase acquisition and retention.
• Determines and develops product awareness and training (and supplies this as input to Learning and Development) detailing the target market for the products / solutions. Ensures that Channel, Credit and the Specialised Sales teams are adequately trained on the offerings in order to drive the take-up ratio and minimise attrition rate.
• Engages, builds and manages relationships with key internal and external stakeholders that may influence outcomes on the portfolio. Examples of such internal stakeholders are:  BCC; Segment Heads, Regional managers in customer channels, Credit.
• Together with the sales team, sets annual targets on the portfolio and aligns all marketing / stakeholder initiatives that are implemented to support such targets.

Measures

• Balance sheet growth and achievement of budget
• Growth in product profitability
• Product knowledge for all sellers
• Positive feedback from customers

Improve efficiency

• Resolves all escalated customer and branch queries timeously.
• Assists with the resolution of operational issues and functionality problems on the different products.
• Identifies and resolves issues around pricing and margin management.
• Evaluates and summarises monthly financial reports highlighting areas of positive performance and focuses on areas of concern or weakness in order to recommend remedial action.
• Prepares and presents New and Amended Client Solutions (NACS) papers and Credit Risk Management Committee papers to ensure that the correct level of governance and approval is attained through the development phase of any new products
• Managing credit risk within accepted “risk appetite thresholds” of the portfolio.
• Accountable for all compliance requirements in the portfolio, as well as the management of key risk indicators used to contain/mitigate operation risks and business continuity management plans.
• Identifies inherent risks of the portfolio and make recommendations in risk mitigation and / or exit strategies for high-risk pockets.
• Identifies business challenges and drive process efficiencies to improve service delivery and TAT.

Measures:

• Efficient End to end processing across all channels
• Superior Customer service delivery
• Satisfactory audits
• Risk managed below the agreed threshold

QUALIFICATIONS

• Bachelor’s degree in business administration, economics or marketing from a recognized university.
• ACCA/CPA; and a qualification in Business Intelligence and data visualization tools experience will be an advantage.
• 5-7 years Extensive knowledge and expertise in financial modelling within the financial services industry. Sound experience and knowledge in Credit and Compliance matters. Extensive knowledge and expertise in financial solutions, payments & collection within the financial services industry.
• 5-7 years Experience in product development and customer-focused design and the delivery of products/solutions. Experience in process re-engineering and change management. Proven track record of management of financial objectives, both value creation and cost reduction. Proven track record in business analytics and the use of data science in understanding product and customer economics.

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Job purpose

To discharge their responsibilities relating to the compliance risk management process in ROA, as required by relevant regulatory requirements, applicable codes of conduct and minimum standards. Integrate the ROA legislation, taking into account and provide strategic advice related to the complexity applicable to each Country. Assists line management and the business risk management function by providing advice to guide line management in discharging their responsibility to comply with applicable statutory, regulatory and supervisory requirements: To maintain and develop a thorough understanding of the relevant regulatory requirements applicable to the Business Unit that he/she represents as a Compliance Officer; thereby facilitating the establishment of a compliance culture.

Key Responsibilities

Generation of Regulatory Universe and Compliance Risk Management Plans (RMP’s)

• Provides input to the ROA and Regulatory Landscape
• Responsible for the completion and/or maintenance of a Business Unit specific Regulatory Landscape.
• Understand compliance related legislative requirements and be able to explain the impact and assist with practical solutions together with the Business Unit. Facilitate a comprehensive and up to date understanding of the status of compliance and regulatory matters.
• Embed Compliance policies in the relevant Business Unit
• Develops, in consultation with the relevant Business Unit, Compliance policies CRMP’s and the maintenance thereof.
• Ensure that there is workable strategic mitigation set for each area as per the CRMP.

Act in an Advisory capacity to business

• Analyse & identifies compliance risks and provides advice to management, relevant committees, the embedded business risk management function and employees, in order to effectively manage compliance matters
• Provides assistance and advice on compliance issues specific to the Business Unit (new businesses, products, and other initiatives such as projects).
• Attend Management meetings to provide appropriate and pragmatic advice and influence the Business Unit on related Compliance matters
• Identify and conduct Compliance presentations to the relevant Management Forums based on key compliance risk areas.
• Strategically influence the Business direction in ROA on matters related to new and existing legislation.

Ensure execution of applicable and effective Monitoring

• Provide input into the compliance monitoring plan (Compliance Policies) in consultation with the Business Unit and tracks progress thereof.
• Provides input and guidance to direct reports to ensure that risk based monitoring is conducted in the Business Unit.
• Oversees in conjunction with the Combined Assurance structure, the adherence to the Compliance Policies in order to identify further areas of improvement and detect significant compliance breaches and exposures.
• Oversees the monitoring activities of the Compliance Manager
• Ensures that there is a customised CRMP for all Compliance Policies pertinent to the Business Unit.
• Assists the Business Unit with the resolution of compliance related audit issues and findings
• Establishes a line of communication to the Business Unit Management, in order to monitor relevant compliance aspects within the Business Unit.

Ensure effective Compliance Policies, Procedures & Training

• Assists, as and when required, in the development drafting and updating of Compliance policies and related training programmes (in as far as such assistance is aligned to L&D and Centre of Excellence initiatives).
• Identifies Compliance training based on Business Unit specific needs and drive execution in collaboration with the Compliance Capability team.
• Ensures all training which has been tailored for the Business Unit is signed off and, if appropriate, assists in the delivery of the training and awareness.
• Requests dispensation when Business Unit policies and procedures deviate from that of minimum standards.

Constant review and interpretation of Regulatory Requirements

• Remains aware of regulatory & legislative developments, and practices of regulatory authorities, which are relevant to the Business Unit and ROA Counties
• To assists Business Unit in implementing existing, new and/or amended regulatory requirements and Compliance Policies
• Assess and advise the Business Unit on the impact of regulatory developments.
• Provides input or comment in relation to the drafting of proposed regulatory requirements.

Drive execution on culture and strategy

• Seeks to establish a compliance culture that contributes to the overall objective of prudent compliance risk management by the Bank.
• Actively promotes, on an ongoing basis, the Compliance Function, to ensure that a culture of compliance is established in the Business Unit.
• Seeks to establish a compliance culture that contributes to the overall objective of prudent risk management by the Bank.
•  Cultivates relationships within the Business Unit which results in the Business Unit Management or other relevant forums proactively seeking Compliance involvement in their dealings.
• Providing advisory services to guide the Business Unit and all staff in discharging their responsibility to comply with applicable statutory, regulatory and supervisory requirements in order to:
  • Protect the reputation of the Group;
  • Avoid legal action against the Group;
  • Promote Group supervisory and regulatory interaction
  • Protect the Group’s assets and employee.
• To maintain and develop an understanding of the relevant regulatory requirements applicable to the Business Unit (“BU”) that he/she represents as a Compliance Officer; thereby facilitating the establishment of a compliance culture.
• To develop and build relationships with key stakeholders.

Feedback, Reporting & Escalation

• Utilises established mechanisms for reporting and resolving non-compliance with regulatory requirements.
• Immediately reports material compliance related matters to the Head of RoA Compliance (Business Line)
• Informs ROA Compliance about regulatory inspections and acts as a conduit for any significant information requests, comments and findings.
• Completes monthly and quarterly compliance reports as may be required by various Group governance structures and regulatory requirements.
• Plan in cooperation with the Business Unit, corrective action regarding audit and regulatory findings.
• Monitors the timely and effective implementation of the plans, escalating progress and results to ROA Compliance.

Assist with Business Management and Strategy

• Prepares in conjunction with Combined Assurance (if relevant) the annual compliance monitoring plans for submission to the Business Unit EXCO.
• Creates and maintains an appropriate electronic record and filing system
• Involved with execution of the functions strategy.
• Strives to influence a continual reduction in costs within the areas under control.
• Ensures that service delivered remains cost-effective and efficient.

People Management aspect

• Manage and support any direct reports (if applicable), in an effective and motivational manner.
• Ensure that each subordinate has appropriate goals and KRA’s in place.
• Actively promote, on an ongoing basis, the Compliance area along with a culture of compliance, to business.
• Attend all required fora, meetings and conferences.
• Manage a team to ensure effective delivery of objectives for the area (if applicable)
• Address poor performance.
• Motivate team members and ensure that they receive recognition for work well done.
• Determine development needs of the team and ensure that development opportunities (training, rotation, on-the-job learning) are discussed with and escalated to the RoA Compliance Head. 
• Approve leave requests.
• When required, initiate disciplinary processes for team members. Resolve grievances raised by team members, escalating only if unresolved.

QUALIFICATIONS

Minimum Qualifications

• Type of Qualification: First Degree
• Field of Study: Legal/ Business or Finance

Experience Required

Compliance

• Compliance Operations

Experience Required:

• 8-10 years

The role requires a seasoned expert in Compliance with a sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific business area as well as a solid understanding of banking products and activities.