Head of FI

Job : Institutional Banking
Primary Location : Africa & Middle East-Saudi Arabia-Riyadh
Schedule : Full-time
Employee Status : Permanent
Posting Date : ‎07/Feb/‎2023, ‎5:46:‎33 AM
Unposting Date : Ongoing

The Role Responsibilities
Job Summary
* Lead the origination and client relationship management for a portfolio of FI Clients, including setting overall client strategy and account plan within the directive of the regional lead and aligned with SCB priorities, and global segment priority specifically.
* Drive cross bank collaborations with other team leads, RMs, client managers and product partners to deliver on client strategy and the budget through consistent sales discipline and execution.
* Create long term value for the bank with strong risk-return focus and maximize returns within risk appetite set.
* Demonstrate deep understanding of the clients' activities, needs and the industries / markets in which they operate to protect the bank's interest around risk and compliance, and gain client share of mind through thought leadership. and leverage existing relationship established by the GAM/other seniors with the clients' high level ('c' suite) and senior executives within client organizations and any insights obtained to protect the bank through effective risk and compliance ownership, and to gain client share of mind through thought leadership.
* Improve efficiency, productivity, and service quality: owning the end to end client experience and focus on efficient client base that aligns with the values, risk appetite, and financial aspirations of SCB.
* Invest in self and team: comprehensive development and succession planning, maintain the bank's global standards through participation in knowledge and diversity initiatives. Lead by example to instil risk awareness, risk-return discipline, and reinforcing the bank's valued behaviours as part of the team's culture through daily interactions. Develop junior team members through on the job coaching and structured training plan.
* Demonstrate risk ownership as the bank's first line of defence through compliance to the letter and spirit of the bank policies and procedures and relevant regulatory development. Effectively support the governance and oversight controls established to maintain high standard of compliance. Maintain a strong working relationship with Credit, Legal and Compliance and other key stakeholders.
* Support the establishment of SCB as a leader in fintech and innovation.
Key Responsibilities
The RM is responsible for leading a team of RMs to fully support bank
initiatives across their client portfolio in collaboration with various
stakeholders in the bank and within the global strategy set by the CCIB Head.
They are also responsible for overseeing the strategy setting for their own
accounts and for the RMs under their management: accountable for the overall
client group revenues, profitability and risk associated and introduced with
the products and services offered and sold to Clients.
* RAMs and FAMs need to develop local strategies, in-keeping with the GAMs Account Plan and execute accordingly.
* RMs identifies and acts on opportunities to by working closely with the global coverage team (FAMs/RAMs/GAMs) and product partners to ensure execution of Account plans.
* As the representative of Standard Chartered, the RM must be a champion for our brand and must exemplify our culture & conduct standards in every interaction, both with internal and external audience.
Strategy
* Lead the development and implementation of the client strategy for their designated FI portfolio and aligning this within the Bank's established framework (account plan, priorities, valued behaviour).
* Enhance thought leadership position with clients by engaging them in various SCB initiatives.
* Execute client marketing plan through engagement in their areas of interest.
* Map out buying centres and identify new ones.
* Accountability for delivering financial performance objectives (revenues, costs, RoRWA, etc)
* Accountability for all other objectives for the management and development of client relationships, specifically compliance (AML, CDD) and credit risk.
The plan set should be within the CCIB strategy framework, which includes
global customer value proposition that is aligned to the overall strategic
direction of the Group.
Business
Achieve the FI performance target relating to revenue and costs, including
meeting the long-term economic revenue goals and RWA targets after evaluating
the constant trade-offs between new business, risk and capital deployment.
* Focus the team approach to identify client needs and their buying centres across full set of SCB product capabilities, originate new business and grow the franchise by capitalising on bank competitive attributes (e.g. Network etc) and manage a deep pipeline with robust account plans that are reviewed regularly with leadership team, product partners and clients.
* Critically review clients and prospects based on their alignment to SCB standards around risk tolerance, fit with footprint, business potential, values and market perception to ensure we are banking the right clients. Selectively develop new relationships where required and actively manage the tail accounts either to uplift or exit.
* Engage senior management and decision makers of key clients to improve the quality of dialogue with clients, promoting a move away from 'transactional' reactive client coverage to consistent value added trusted/ partner status. Anticipate clients' needs and provide strategic advice, bringing in the relevant product and industry partners as appropriate.
* Maximise the profitable revenue to the Bank whilst maintaining focus on client outcomes, strengthening and deepening existing relationships both at the most senior level as well as at the operating level with the clients in the designated portfolio
* Professionally represent Standard Chartered at the highest levels within region and internationally.
* Bring strategic thought and vision as to how the corporate landscape regionally / globally is changing and where areas of international growth lie. Collaborate across the Banks and Broker Dealers team to replicate product delivery success from client to client.
* Ensure that industry and product knowledge is continually developed personally and within the team.
* Stay abreast and anticipate the developments of the Industries in which our clients operate. Build institutional knowledge in disruptive technologies including AI, Machine Learning, RPA, Crypto currencies, Agile etc. Build knowledge on the bank's initiatives in this space and actively engage clients in these discussions.
* Identify and manage any client conflicts and complaints in an open and clear way to build long term client relationships and to treat clients fairly, with adequate oversight, resolutions, and root cause analysis as well as escalation of issues as appropriate.
Processes
Facilitate, support and guide RMs to
* Proactively manage the designated client portfolio to ensure.
* Close ties exist with key stakeholders e.g. Financial Markets, Transaction Banking, Corporate Finance, Risk, Country CEOs, Service Delivery, etc.
People and Talent
* Lead through example and build the appropriate culture and values.
* Set appropriate tones 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 and that they have effective supervision in place to mitigate any risks. Maintenance of up to date knowledge on regulatory developments and required standards for compliance within the team.
* 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.
* Provide feedback into objectives and performance of broader coverage team on the clients covered, including RAMs, FAMs, industry and product partners.
Risk Management
As first line of risk, own and manage the risks within the business and
identify, monitor and escalate risks and issues to Second Line and the Senior
Management.
* Understand our client normal behaviour by leveraging all tools and information available and understand the regulation, economic and risk environment for countries which the client operates.
* Coach and manage the team in these matters and ensure they are adequately trained and aware of various risks (regulatory, financial crime, credit, reputational, ethical, operational etc) taken within the portfolio.
* Embed the Group's values and code of conduct and develop a robust culture to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among team members.
* Take the initiative in keeping up to date knowledge regarding regulatory, reputational and ethical matters, and provide proactive advice to clients as identified.
* Ensure that key risk issues and concerns are managed and remediated holistically with relevant risk stakeholders, with adequate escalation to Regional / Country Banking Heads and Group / governance committees and centrally through the BBD matrix, as appropriate.
Governance
* Set the CIB standard for CDD and Credit documentation leveraging insights tools and customer knowledge.
* Engage in the effective operation of governance and oversight controls by establishing the highest standards of engagement with the relevant committees RCAF / GCAF, RCBOG / CBOC (as applicable), representing FI / Banks business interests.
* Responsible for assessing the effectiveness of the Group's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas.
* 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.
* Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
Regulatory and 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 team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
* Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
* DFSA prescribed responsibilities and rationale for allocation.
Key Stakeholders
Internal
* Engage with product partners within the region and globally to ensure breadth and depth of client coverage and deepening the client relationship.
* Work with Bankers / Assistant Relationship Managers to ensure talent development throughout the team.
External
* Senior point of contact with clients, acting as a trusted / value added partner to C-level stakeholders.
* Peers in the Corporate Banking sector.
Our Ideal Candidate
* Bachelor's degree in Banking or Finance preferred.
* ‎10 years of experience in banking or another relevant environment.
* Correspondent banking learning's; specialized due diligence, sanctions, ICA.
* Good communication skill
Role Specific Technical Competencies
* Compliance Policies and Standards
* Compliance Advisory
* Compliance Review and FCC Assurance
* Surveillance (including Screening and Monitoring)
* Investigations
* Compliance Risk Assessment
* Regulatory Liaison
* Manage Change
* Manage Projects
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For
more than ‎160 years, we've worked to make a positive difference for our
clients, communities, and each other. We question the status quo, love a
challenge and enjoy finding new opportunities to grow and do better than
before. If you're looking for a career with purpose and you want to work for a
bank making a difference, we want to hear from you. You can count on us to
celebrate your unique talents. And we can't wait to see the talents you can
bring us.

Our purpose, to drive commerce and prosperity through our unique diversity ,
together with our brand promise, to be here for good are achieved by how we
each live our valued behaviours. When you work with us, you'll see how we
value difference and advocate inclusion. Together we:
* Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
* Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
* Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and
benefits to support your mental, physical, financial and social wellbeing.
* Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
* Time-off including annual, parental/maternity (‎20 weeks), sabbatical (‎12 weeks maximum) and volunteering leave (‎3 days), along with with minimum global standards for annual and public holiday, which is combined to ‎30 days minimum
* Flexible working options based around home and office locations, with flexible working patterns
* Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
* A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
* Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
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