Lead Business Analyst - Hedge Accounting and Risk Mitigation Accounting/ IFRS9

Standard Chartered Bank; Singapore; On-site; SGD 130,000 - 190,000; Full time

Benefits offered by this job

Flexible working

Learning & development

Wellbeing support

Generous leave

Job summary

Standard Chartered Bank is seeking a Lead Business Analyst to drive end-to-end business analysis for the Hedge Accounting programme and related Treasury initiatives. You will bridge Treasury, Finance, Risk, Product Control and Technology to translate complex accounting and regulatory requirements into actionable business and technology solutions.

You will lead requirements, design, testing and post-go-live stabilisation, defining target-state processes and data flows while producing BRDs, epics

Qualifications

• Significant experience in business analysis or transformation within Treasury, Finance, Risk or banking regulation, typically 10+ years.
• Strong knowledge of IFRS 9 / IAS 39 Hedge Accounting, designation, effectiveness testing, accounting and disclosures.
• Proven delivery using agile and waterfall methods with ability to work across concurrent initiatives.
• Experience with Hedge Accounting, IRRBB, Balance Sheet Management or related platforms.

Responsibilities

• Lead end-to-end business analysis from concept through requirements, design, testing, implementation and post-go-live stabilisation.
• Define target-state processes, operating models, controls, data flows, interfaces and reporting outcomes.
• Produce BRDs, FRDs/FSDs, epics, user stories, use cases, process maps, data mappings and requirements traceability.
• Lead functional testing, UAT, business validation, defect triage, cutover readiness and implementation support.
• Coordinate dependencies across Treasury, Finance, Risk, Product Control, Operations, Data and Technology.
• Maintain governance with RAID, milestones, dependencies and decisions to programme forums.

Job description

Job Summary

Direct ContractRole - 12 months

The Lead Business Analyst sits within Treasury Finance Transformation and provides business analysis leadership for the Hedge Accounting programme, while being deployable across IRRBB, Transparent Duration Allocation (TDA), Regulatory Methodology Alignment (RMA), Balance Sheet Management and similar Treasury initiatives. The role bridges Treasury, Finance, Risk, Product Control, Operations, Data and Technology to translate complex accounting, risk and regulatory requirements into controlled, implementable business and technology solutions.

The candidate will be required to:

• Lead end-to-end business analysis from concept and methodology through requirements, design, testing, implementation and post-go-live stabilisation.


• Define target-state processes, operating models, controls, data flows, accounting events, interfaces and reporting outcomes.


• Produce high-quality BRDs, FRDs/FSDs, epics, user stories, use cases, process maps, data mappings and requirements traceability matrices.


• Lead requirements and process design for Hedge Accounting, including hedge designation, effectiveness testing, hedge adjustments, sub-ledger events, GL postings, disclosures and end-of-day controls.


• Apply IRRBB and Balance Sheet Management knowledge across EVE, NII, PV01, behavioural modelling, structural balances and Treasury risk reporting.


• Support TDA methodology and implementation, including allocation logic, accruals, Product Control impacts, migration, testing and country rollout.


• Coordinate dependencies across Treasury, Finance, Risk, Product Control, Operations, Data and Technology teams.


• Lead functional testing, UAT, business validation, defect triage, cutover readiness and implementation support.


• Provide clear RAID, milestone, dependency and decision updates to programme governance forums.

Key Responsibilities

• Act as the business solution owner for the agreed target state and lead analysis supporting concept, methodology and functional design.


• Elicit, challenge, prioritise, document and obtain approval for complete and testable business requirements.


• Ensure solutions align with internal policies, control standards, accounting requirements and applicable regulatory expectations.


• Validate that proposed architecture, data design and interfaces are fit for business purpose and aligned to the target state.


• Coordinate system interfaces, data dependencies, release impacts and change activities across workstreams and delivery locations.


• Translate complex Hedge Accounting, IRRBB and TDA methodologies into clear process, data, control and technology requirements.


• Partner with policy owners, methodology teams, Product Control and metric producers to resolve ambiguity and agree business outcomes.


• Define test strategy and acceptance criteria; review UAT coverage, expected results and traceability to requirements.


• Lead defect triage and work with Technology teams through resolution, retest and closure.


• Assess change impacts, support operating-model readiness, training, implementation and post-go-live stabilisation.


• Maintain transparent governance over decisions, assumptions, risks, issues, dependencies and delivery status.

Strategy

• Shape scalable, integrated Treasury Finance solutions that reduce fragmentation, manual processing and operational risk.


• Ensure delivery choices support the strategic direction for Hedge Accounting, IRRBB, TDA, RMA and related initiatives.

Business

• Partner with Treasury, Finance, Risk, Product Control, Operations, Data and Technology to define business outcomes and secure stakeholder acceptance.


• Balance regulatory, control, user, delivery and system-performance considerations when recommending priorities and solutions.


• Communicate complex topics clearly to working groups, project leadership and senior governance forums.

Processes

• Define and improve front-to-back processes covering methodology, data sourcing, calculation, accounting, reporting, controls and reconciliation.


• Ensure process designs include clear ownership, service expectations, controls, exception handling and evidence requirements.

People & Talent

• Provide functional leadership and coaching to Business Analysts and subject‑matter contributors, without formal line‑management responsibility.


• Promote high standards for requirements quality, traceability, testing discipline, collaboration and knowledge transfer.

Risk Management

• Identify and manage business, delivery, data, model, accounting, operational and regulatory risks within assigned workstreams.


• Ensure control requirements, reconciliations, approvals, audit evidence and remediation actions are embedded in the solution.

Governance

• Support working groups and programme governance through accurate status, RAID, dependency, decision and milestone reporting.


• Maintain complete and auditable documentation, approvals and requirements traceability.

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.

Key stakeholders

• Treasury Finance Transformation and Treasury COO leadership.


• Hedge Accounting, IRRBB, TDA, RMA and Balance Sheet Management programme leads and subject‑matter experts.


• Treasury, Group Finance, Product Control, Financial Markets, Risk, Operations, Data and Technology stakeholders.


• Country Finance and business teams, internal audit, external audit, regulators and vendors where applicable.

Our Ideal Candidate

• Significant experience in business analysis, transformation or solution delivery within Treasury, Finance, Risk or banking regulation; strong candidates will typically bring 10+ years of relevant experience.


• Significant experience in Treasury, Finance, Risk or regulatory change, with hands‑on delivery in Hedge Accounting, IRRBB, Balance Sheet Management or related platforms.


• Proven delivery experience using agile and waterfall methods, with the ability to work across concurrent strategic initiatives.


• Strong knowledge of IFRS 9 / IAS 39 Hedge Accounting, including Fair Value, Cash Flow and Net Investment Hedges, designation, effectiveness testing, accounting and disclosures.


• 10+years of functional experience in Liquidity risk, regulatory reporting solution design roles


• Preferred experience with Moody’s Fermat/Risk Authority/ Risk Confidence risk calculation, data model and reporting engines


• Preferred experience as Data Engineer and Solution Design


• Knowledge of Basel Liquidity regulations and good understanding of financial risk


• Expertise in SQL


• Experience with both waterfall & agile methodologies


• Experience in analysing techniques and tools


• Strong communication and stakeholder management skills


• Working knowledge of IRRBB, Balance Sheet Management, structural balances, EVE/NII/PV01, Treasury liquidity and Product Control processes.


• Demonstrated capability in requirements engineering, process design, data mapping, SQL/data analysis, testing, UAT, defect management and implementation; experience with agile and waterfall delivery.


• Hands on with AI tools to generate efficiency tools and POCs as prototypes for solution development

Role Specific Technical Competencies

• Hedge Accounting & IFRS 9


• IRRBB and Balance Sheet Management


• Requirements Gathering & Functional Design


• Finance and Treasury Data Analysis


• Testing, UAT and Defect Management


• Change Delivery & Stakeholder Management

About Standard Chartered

We're a global bank connecting clients to our differentiated network, offering growth opportunities in the world's most dynamic markets. Our strategy, which combines cross-border capabilities and leading wealth management expertise, helps us deliver our purpose - to drive commerce and prosperity through our unique diversity.

Over our 170-year history, and across a unique geographical footprint connecting Asia, Africa and the Middle East to each other and the world, we've built a bank like no other, with diverse capabilities and partnerships that set us apart.

What we offer

• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions, and geographies.


• 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-offincluding 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 workingoptions based around home and office locations, with flexible working patterns.


• Proactive wellbeing supportthrough 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 self-help toolkits.


• A continuous learning cultureto support your growth, with opportunities to reskill and upskill and access to physical, virtual, and digital learning.

Visit our careers website to learn more about us: www.sc.com/careers.

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