The Role 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.
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 ExCo 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
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 RoE, 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.
3. 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 of the bank
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
5. 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
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
6. 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
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 ExCo, 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
8. Regulatory & Business Conduct
Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role
Responsible for ensuring regulatory compliance across the country / region and overseeing regulatory interaction on behalf of FM, including engaging with regulators where applicable and working with them in an open and cooperative manner
Display exemplary conduct and live by the Group’s Valued Behaviours 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 teams to achieve the outcomes set out in the Bank’s Conduct Principles : Fair Outcomes for Clients; Effective Financial Markets;
Financial Crime Compliance
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters
Willingness to speak up’ in the event of any realised or perceived breach of group conduct rules or laws by colleagues
Escalate to the Regional TM or the Global Head of WMPS any issues with TM and WMPS Desks complying with the highest standards of regulatory and business conduct and practices as defined by internal and external requirements in relation to use of the Dealing room
Demonstrate Here for good and Group’s brand and valued behaviours in daily behaviour
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
Regional / Country CEOs
FM Global / Regional Product Heads
CIB Product & Segment Partners
Regional / Country Function Heads
Regional Head TM
Global Head WMPS
Key & Potential Clients
Financial Services Organisations
Trade Bodies & Associations
FM Front Office Supervisor Responsibilities
This role has been identified as a Financial Markets Front Office Supervisor’ and as such has associated with it a series of specific supervisory responsibilities in addition to any current employee / management responsibilities within the Bank.
Periodically the holder of this role will be required to attest that they understand their specific supervisor responsibilities and that they will execute these diligently.
For the avoidance of doubt these Front Office Supervisory Responsibilities supplement and do not replace those outlined in this Job Description as well as any other applicable core employee / management responsibilities associated to employment with the Bank.
Minimum 15 years trading experience in FX, bonds, derivatives is a plus
Understands key market risk management requirements
Understands liquidity and funding needs of the bank
Well respected and collaborate well with Sales and CCIB
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