Head - Bonds & Guarantees

STANDARD CHARTERED BANK (SINGAPORE) LIMITED; Singapore; Hybrid; SGD 300,000 - 540,000; Full time

Benefits offered by this job

Flexible working

Wellbeing support (Unmind)

Learning opportunities

Job summary

Standard Chartered Bank (Singapore) Limited seeks a seasoned Trade Product leader for Bonds & Guarantees. You will own the P&L, drive digitisation, and coordinate cross-border initiatives across TB Sales, Operations, Risk and Compliance.

Responsibilities include articulating the product strategy, ensuring timely renewal of PPGs, and leading the digitisation roadmap with internal and external channels. The role demands 15+ years in trade products, strong leadership, and hybrid working options.

Qualifications

• Bachelor’s or Master’s Degree in a relevant field.
• 15+ years experience in Trade Product/Sales/Guarantees management with client exposure.
• 5+ years’ experience in Documentary Trade.

Responsibilities

• Own the Bonds & Guarantees product strategy and execution.
• Lead digitisation of Bonds & Guarantees via S2BNG and external channels.
• Articulate product KPI's, monitor performance, and optimise end-to-end processes.
• Coordinate commercialisation plans, deals, and cross-border initiatives.
• Advise on risk, governance, and regulatory compliance for the portfolio.
• Collaborate with TB Sales, Operations, Credit, Legal and Compliance.

Skills

Leadership

Communication

Trade product

People management

Education

Bachelor’s or Master’s Degree

Job description

Job Summary

Manage and deliver end-to-end Bonds & Guarantees (Gtees) trade product objectives globally, including financial and non-financial performance, enhancement of capabilities, product and client access future strategies, process efficiency & Digitisation initiatives and oversight of risk and governance.

Key Responsibilities

Business

Financial Performance and profitability

• Responsible for product P&L of Bonds & Guarantees folio of USD double digits billions in exposures & triple digit millions in revenues & associated growth targets.
• Work together with TB Sales to achieve financial objectives, in line with the overall Bonds & Guarantees Plan
• Monitor end to end product performance, improving product efficiency
• Support escalated deals including tailored/complex deal and cross border coordination etc.

Product Management and Development

• Responsible for articulating the Bonds & Guarantees product strategy and executing product initiatives
• Ensure timely renewal of Bonds & Guarantees PPGs and proactively work with stakeholders to identify and quantify new and existing risks.
• Leading Digitisation of Bonds & Gtees as Product Owner/Squad lead for all enhancements to proprietary digital channels - S2BNG as well as 3rd party ones e.g. SWIFT4C and blockchain based initiatives
• Own and lead Gtee Digitisation Roadmap working with DCS channels, SWIFT, Industry bodies etc
• Work with Trade Digitization leads to ensure that the bank is at the forefront in leveraging emergent technologies to deliver on evolving Bank guarantee client needs and mitigating risk in our markets
• Drive and own multi-product Trade Digitization initiatives looking at leveraging technology to deliver incremental efficiency and customer experience for Guarantee - (For example: SWIFT 4 Corporates, Gtee APIs etc)
• Be fully conversant with developments in the external environment - competitive landscape, technology and fintechs - to spot opportunities which may help build new capabilities in the guarantees trade business
• Lead and co-ordinate launch of Bonds & Guarantees product enhancements, new products variance, channels or new platforms as required.
• Work with operations to improve efficiency, re-engineer overall end2end process, improve overall service standards and to ensure that quality of service to customers remains superior to competition
• Act as the domain expert and advisor for escalated deals/Bonds & Guarantees issues from all 40+ markets. Understand legal implications of Guarantee wordings and be able to take product risk decisions.

Commercialisation

• Provide leadership to commercialize Bonds & Guarantees aspirations
• Directly responsible for commercialization of new Bonds & Guarantees capabilities by ensuring commercialization plans, targets and infrastructure to maximize success for it launch
• Provide business solution for complex deals or RFPs and sponsor them to conclusion
• Be a critical advocate, internally and externally for the Bonds & Guarantees business with the commensurate presence, credibility and communication ability to manage internal and external stakeholders externally (including client education and commercial opportunities) and internally across functions.
• Understand the needs of customers and prospects, and implement structures and solutions to meet these needs ensuring delivery of all SCB related capabilities.
• Provide ongoing domain expertise and training to TB sales, RM and Operations as required.
• Provide assistance to facilitate the closure of large or complex deals.
• Author thought leadership articles for this domain and also represent the bank on B&G Industry bodies such as SWIFT
• Maintain & grow SWIFT MT760 Market share

Risk Management

• Identify and mitigate the Operational, Credit, Regulatory and Business conduct risks relating to Bonds & Guarantees working with the front line and 2nd line risk owners.

Governance

• Ensure portfolio adherence to Trade controls & governance including but not limited to adherence to product governance /construct, approvals for deviations etc.

Regulatory & 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.
• Effectively and collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

External

• Customers (across the breadth of the portfolio)

Internal

• Sales & RM
• Regional CoEs and Local Product Manager
• Operations
• Credit
• Legal and compliance
• Finance
• Trade PGC
• Audit
• DCS

Other Responsibilities

• Embed Here for good and Group’s brand and values in the Guarantees Team ; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate

• Bachelor’s or master’s Degree
• 15+ Years Experience in Trade Product/Sales/Guarantees Management with exposure to Clients and Industry Bodies.
• Of which 5+ years’ experience in Documentary Trade.
• Understanding of the latest in this space with ICC, APIS/Digitisation
• Membership of Industry Bodies such as ICC, BAFT etc Preferred but Not Mandatory
• CDCS, ICC /BAFT Certifications Welcome but Not Mandatory
• Strong Leadership & communication skills
• People Management skills will be an advantage

Role Specific Technical Competencies

• Solid domain understanding & thought leader in the Trade & financial Bonds & Guarantees space
• Strong domain understanding of international Documentary trade rules e.g. ICC – UCP600, ISP98, URDG etc
• Good understanding of Basel Capital rules and its implications for Trade products especially L/Cs/SBLCs & Guarantees.
• Ability to navigate organisational complexity as well as provide product/domain advisory on complex guaranteed structures
• Strong Communication skills & Stakeholder management skills
• Leadership skills
• Commercial Mindset
• Banking Product Knowledge

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 options 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.

Recruitment Assessments

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