Standard Chartered

Head of Macro Trading and Financial Markets

October 28, 2024

Job Summary
  • Overall responsibility for Macro Trading and FM Vietnam. Responsible for the development and execution of Macro Trading and FM strategy in Vietnam.
  • To work with Regional and Product heads to identify opportunities to grow the Vietnam franchise.
  • Lead the teams to implement client strategy and collaborate with Country CEO and CIB Head to ensure overall alignment of business strategies and needs of the country.
  • Manage internal stakeholders across CIB
  • Accountable for FM budgets, costs, and revenue and to deliver against targeted ROE and RWA
  • Works with CIB to bridge any product, segment and geographical silos to increase FM wallet
  • Works with FM sales to build stronger and deeper relationships with clients and regulators.
Key Responsibilities
Financial Market Trading
  • To lead the business in the implementation of its strategy for profitable trading at acceptable risk, and where appropriate, for influencing the development of the local market in the product to achieve annual Vietnam Macro Trading Total Product Income (TPI) budget, contribute to achieve global Credit TPI budget, FSS budget, RMA budget as set out in Performance Goals/Objectives specifically on yearly basis.
  • Responsible for the development, implementation and delivery of the FM Trading plan
  • Work with Regional and Product Heads to identify the initiatives to grow our franchise, especially in new ideas like financing through Vietnam banking book
  • To work well with regional trading and sales heads to develop new products for Vietnam market
  • to execute and deliver daily Macro trading activities.
Financial Market
  • To collaborate with Country / Regional CEO and ensure alignment in CIB & FM businesses
  • Internal stakeholder management:
  • across CIB and the broader Franchise – ensuring the firm has transparency on the FM business, seek stakeholder support for FM needs and provide feedback to FM Ex Co on country / regional stakeholder priorities/concerns
  • to collaborate with operations to resolve issues and facilitate client activities
  • to provide support and be a mentor/role model to the FM team

Risk Management

  • Responsible for identifying, assessing, monitoring, controlling and mitigating risks for the country / region
  • Advised of and to monitor all major risk issues and concentrations. Where appropriate, direct remedial action and/or ensure adequate reporting to the Board and its Risk Committees
  • Participate in any significant market risk discussions in the country / region, but not the day-to-day management of market risk
  • Aim for successful implementation of first line ERMF in the country / region with remediation pursued when relevant
  • Responsible for utilisation of credit exposures from FM products within the limits set by the risk division
  • Ensure any audit and compliance issues relating to the Financial Markets business are resolved in a timely manner
  • Escalate to the Regional TM or the Global Head of WMPS any issues that might indicate that there is a lack of adequate or appropriate systems and controls are in place for the TM or WMPS Desk to comply with Group and Business policies, procedures, standards and codes


Governance
  • Responsible for assessing the effectiveness of the Group’s arrangements to deliver effective governance, oversight and controls in the country / region. Overseeing changes and escalation to FM Ex Co, Group governance committees including other stakeholders in senior management, risk or control functions where appropriate
  • Responsible for delivering ‘effective governance and having the capability to challenge fellow executives effectively
  • Follow the process governance practices set out by the Non-Financial Risk Committee (NFRC)
  • FM oversight and management of the local legal entity (as required)
  • Escalate to TM Regional management or the Global Head of WMPS risks and issues identified that relate to the TM or WMPS desks, and to local Country Management Team
Financial Market Trading

  • To trade in FX, Rates and Credit market within allocated product programs, pricing transactions and managing open trading positions in order to maximise profits within given market risk parameters and zero tolerance to breaches of internal and external regulations and also balancing the needs of internal and external clients.
  • Transact trades on the Bank’s own account, in the knowledge of customer-based transaction flows, and in anticipation of future changes in the market, making use of associated products where relevant to the traded product.
  • Manage the transaction-based risks generated in trading, by working within the established parameters and rules appropriate to the traded products (trading limits, stop loss, hedging, mark-to-market, etc.)
  • Estimate daily revenue (TPI, OAI, CI) and quantify the end of day market risk exposures and reconcile with market risk and PC’s report to ensure the any large differences are explainable to identify any possible wrong booking
  • Work with FM Corporate sales head and FM FI Sales head to deliver the overall TPI for Vietnam
  • Accountable for setting achievable performance targets relating to performance and cost on a TPI basis, including deliver against targeted Ro E, RWAs and budgets with appropriate risk management
  • Manage the implementation of developed strategies and ensure that performance objectives and revenue goals are met and RWA targets are managed especially where trading activities are concerned
  • Collaborate with FM Sales and build stronger and deeper relationships with clients and government regulators
  • Represent FM Trading Vietnam and enhance the Bank’s image and profile in the regional market and establish SCB as a “name” player in the respective local debt markets and up-tier SCB’s market presence.
  • Active performance monitoring especially in terms of TPI and manage risks accordingly
  • Drive new product migration and implementation as necessary which includes system integration and adoption of regional practise.
Financial Market
  • Assist the segment heads (Corporate sales and FI Sales heads) achieve their TPI budget by removing blockages and facilitating smooth FM activities
  • To escalate to country management team, or FM regional chain if support and further escalation is required
  • Provide a good environment for work, migrate best practices,
  • Represent FM as a senior stakeholder
Skills and Experience
Processes
  • Manage FM Trading and other Financial Markets processes for the country / region, as allocated within the FM process universe in line with the ERMF and their associated risks, including activities within the processes which are hubbed or outsourced
  • Aim for all processes to be adhered to across the country / region, in line with approved policies and procedures with remediation pursued when relevant
  • Continuously improve the operational efficiency and effectiveness of processes to increase productivity and reduce operational risk


People & 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
  • Employ, engage and retain high quality people, ensuring that holders of all critical functions are suitably skilled and qualified for their roles and they have effective supervision in place to mitigate any risks
  • Responsibility to review team structure/capacity plans and succession planning for critical roles
  • Ensure active communication of vision, priorities and progress to the business to foster engagement, awareness and motivation
  • Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards
  • Encourage staff to ‘speak up’ in the event of any realised or perceived breach of group conduct rules or laws by colleagues

Key stakeholders
Internal
  • Regional / Country CEOs
  • FM Ex Co
  • FM Global / Regional Product Heads
  • CIB Product & Segment Partners
  • Regional / Country Function Heads
  • Regional Head TM
  • Global Head WMPS
External
  • Regulators
  • Key & Potential Clients
  • Financial Services Organisations
  • Trade Bodies & Associations
Other Responsibilities
  • Embed Here for good and Group’s brand and values in Vietnam
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
  • Working with the relevant Country / Regional CEO who is also responsible for ensuring that country regulations are taken into account and complied with and that issues related to regulatory compliance are identified and resolved, country or entity balance sheet management and capital sufficiency, and monitoring, managing and escalating material risks in accordance with the Group's risk management framework
Role Specific Technical Competencies
  • Industry knowledge
  • Investments
  • Managing change
  • Market risk
  • Trading
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 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
  • Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
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 leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along 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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