Career Opportunities at Standard Chartered Bank Kenya - 2 Positions

• Develop, drive and deliver the East African Foreign Exchange business plan
• Responsible for the management and governance of the strategic agenda for FX Trading East Africa
• Work with respective product heads and businesses in supporting SCB’s overall strategy in East Africa
• To efficiently manage the Foreign Currency Liquidity of the Bank.
• To support the CIB, C&PB and RC businesses in increasing client turnover through a combination of pricing, quality of advise and marketing strategies.

Key Roles and Responsibilities

Strategy

• Set the strategic direction of and oversee management of performance across FX Trading East Africa
• Develop FX Trading East Africa specific strategies which maximize shareholder value and are aligned to and in furtherance of the overall strategic direction of Financial Markets
• Work with Product Heads to identify the initiatives to grow the FX business in East Africa
• Align strategic plan and the shorter term business objectives with the availability of liquidity, capital and credit in line with the liquidity risk management approach for each country in East Africa.

Business

• Accountable for setting achievable FX Trading East Africa performance targets relating to revenue and costs.
• Manage the implementation of FX Trading East Africa specific strategies and ensure that performance objectives and revenue goals are met and RWA targets managed.
• Build stronger and deeper relationships with clients and government regulators by bridging silos across the other Products and Segments.
• Enhance the Bank’s image and profile in the regional markets and establish SCB as a “name” player in the respective local debt markets and up-tier SCB’s market presence.
• Active performance monitoring – spot areas of underperformance and take corrective action
• Drive new product migration and implementation as necessary
• Utilise Country MIS to drive results.
• Ensure effective Balance Sheet management, liquidity and RWA across the East Africa region.
• Together with the regional Head of FM, be accountable for operational Risk losses on the FX Trading East Africa.

Processes

• Accountable for establishing and maintaining frameworks to ensure FX Trading East Africa business processes are efficient, appropriate and compliant with all internal and external regulations.
• Accountable for effective management of operational risks within FX Trading East Africa.

People and Talent

• Provide effective leadership to the East Africa businesses (jointly with product heads)
• Build transparent and collaborative culture in which FX Trading East Africa’s incentives are based on support of Client Income with specific performance metrics on the Bank’s values.
• Lead and reinforce strategic change and ensure the organization structure and people programs are aligned and geared towards the overall strategic direction of the FX Trading business in the region.
• Provide leadership, mentoring and coaching to FX Trading East Africa team in order to ensure they are highly engaged and performing to their potential
• Sponsor and develop role model best-practice people management in the areas of resourcing, talent development, performance management, learning and development.
• Champion and act as a role model of the Group’s values and culture in the region.
• Identification and selection of key critical hires and deployment of appropriate talents across FX Trading East Africa, to deliver the strategy, with a commitment to diversity and inclusion.

Risk Management

• Embed operational risk management and reporting as an integral part of the business process.
• Ensure that adequate and appropriate systems and controls are in place to comply with Group and Business policies, procedures, standards and codes.
• Monitor all major risk issues and concentrations. Where appropriate, direct remedial action and/or ensure adequate reporting to Risk Committees.
• Ensure strategic execution of Trading Activities remains within the agreed Risk Appetite and Portfolio Standards through appropriate engagement in the various committees as required.
• Accountable for FX Trading risk management and responsible for proposing Country (E.A) Portfolio Standards.
• Achieve growth in a safe and well-controlled manner and on an end-to-end basis – incorporating infrastructure requirements and ensure that they are fit-for-growth.
• Accountable for all escalation from FX Trading to FM Regional Head, Regional Business COO, Regional Segment and Product Heads or to other stakeholders in senior management, risk or control functions as appropriate.
• Remain alert to the risk of money laundering and assist in the Bank’ efforts in combating it by adhering to the key principles in relation to: identifying and knowing our customers, reporting suspicions, safeguarding records and not disclosing suspicions to customers. Ensure to undertake training aimed at combating money laundering.”

Governance

• Promote an environment where compliance with internal control functions and the external regulatory framework is a central priority of the business
• Establish, maintain and supervise the framework to ensure business functions under my area of responsibility comply with internal policies, procedures, codes and applicable external laws and regulations and adhere to the expected high standards set out in the FM Code of Conduct
• Manage the implementation of FX Trading East Africa specific strategies and ensure that performance objectives and long term economic profit (EP) goals are met
• Ensure the overall targets relating to budget are cascaded to teams with appropriate product targets and performance delivery on targets is proactively managed
• Engage with all audit report findings, relevant to the FX Trading business in the region and ensure feedback is acted upon.
• Accountable for all escalation from FX Trading to Regional Head of FM and country and regional governance committees or to other stakeholders in senior management, risk or control functions as appropriate

Qualifications and Skills

• 5 -10 substantial experiences in the banking industry and financial markets, including demonstrated success in a similar role.
• ACI certification is a must.
• The incumbent should posses a sound knowledge of economics and should be able to apply it while interpreting data.
• Extensive experience in Dealing and in Back office Operations. Computer skills are essential.
• Must possess sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi cultural awareness and sensitivity
• Ability to manage geographically dispersed and highly varied customer and product base

go to method of application »

• Appraising and approval of Personal loans, Credit cards, Auto loans, Home Loans, Over Draft facilities and Business Clients applications falling within delegated authority and supporting those outside the authority;
• Ensuring that Retail/Business clients Credit Policy and standards are complied with and that all applications received are subject to these and the established processes and rules.

Key Roles and Responsibilities

• Processing and approval of Retail/BC clients falling within delegated authority and supporting those outside the authority;
• Managing the day-to-day operations of credit analysis/approval process to ensure effectiveness and efficiency.
• Identifying areas of weaknesses and risks in the credit process and escalating these to the manager retail risk operations
• Ensures that application processing is within the set turn-around timeframes.
• Exercise diligence, independence and good judgement in credit decision that will ensure quality RC/BC portfolio with minimum delinquency and LI;
• Any other duties assigned from time to time
• Legal, regulatory, economic and compliance including the following;

-Ensure compliance with the Group’s standard and regulatory requirements pertaining to money laundering and KYC;
-Participate in and/or support the Bank’s effort to combat money laundering;
-Exercise due care and diligence on matters related to Money laundering and KYC in the day to day operations, which include account opening and reviews, transaction monitoring, reporting suspicions, customer communication, implementing new requirements, updating and revising operating procedures, acquire relevant knowledge and training, provide support to superior and subordinates.

Qualifications and Skills

• Graduate with 2 year experience in Credit or business.
• Personal credit skills
• Good negotiation and communication skills.
• Understands market trends and can interpret impact on the Retail portfolio
• Full knowledge of Retail Bank Products and those of the competitors
• Good Computer skills with knowledge of the Credit MIS
• Strong analytical skills and attention to detail
• Basic Project management skills

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