Overview

Director, Carbon Markets Development  (2200008705)
 

Job

: Financial Markets

Primary Location

: Asia-Singapore-Singapore

Schedule

: Full-time

Employee Status

: Permanent

Posting Date

: 06/Sep/2022, 6:34:52 AM

Unposting Date

: Ongoing

 

 
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 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.

Recruitment assessments – some of our roles use assessments to help us understand how suitable you are for the role you’ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

The Role Responsibilities

This role is responsible for supporting the development of Carbon Markets strategy and products for Financial Markets, including the infrastructure and platforms that support the Bank’s ESG products. The role will work closely with Trading, Sales and Structuring in both Macro Trading and Global Credit as well as CCIB to ensure effective commercialisation of emissions and transition finance products. The role will also work closely with the offices of Group and regional CEOs, Corporate Development, Sustainable Finance, Group Sustainability, SCVentures, Technology, Legal, Compliance and other support functions to onboard new carbon market products and participate in new markets as they develop. The role includes engaging with external stakeholders such as media, clients, regulators and industry associations to stay abreast of developments in carbon markets and advance the Bank’s interests by innovating in new areas and growing market share where established solutions are in place.

The role includes the following responsibilities,

Product Innovation and Strategy:

  • Be a key champion of Chapter 3 and in particular the Accelerating Zero stand within FM. Work with the internal Transition Finance team to guide carbon product development that can be integrated into our transition frameworks for clients.
  • Work closely with Trading, Sales and Structuring to support development of new products and markets that are appropriate and relevant to the Bank’s client base.
  • Ensure all CAs and PPGs are approved to allow marketing and trading of carbon products as appropriate
  • Support product and client teams to originate and negotiate carbon related contracts
  • Understand industry developments, the risks associated with the asset class and be able to represent the Group & FM ESG strategy to internal and external stakeholders including media, clients, regulator and industry associations.
  • Work closely with Banking and Sales to critically assess opportunities, areas of growth and potential risks, with the aim to drive sustainable growth in carbon product revenues.
  • Help to build the Research capability required to support the new asset class, including marketing reports and client analysis.
  • Develop appropriate sales and marketing material, including pitchbooks, product sheets and educational information
  • Work with Climate Risk, GPRA and CABM to identify related risks, devise strategies to manage them and products to capitalise on them

Technology:   

  • Work with Technology to design and implement an ecosystem that supports carbon products for Financial Markets.
  • Work with the support and control functions as the Bank launches new products and will ensure the post trade processes are designed to support carbon products.
  • Support the Bank’s engagement with new exchanges, platforms and multilateral organisations such as the ICVCM.

People and Talent

  • Assist the training of FM sales staff and RMs in relevant FM products and platforms as they relate to carbon products.
  • Assist FM Sales in liaising with Global Banking on the commercialisation of FM carbon products with clients
  • Lead through example and build the appropriate culture and values.  Set appropriate tone and expectations, work in collaboration with risk and control partners.
  • Adherence to code of conduct prescribed by relevant authorities

Risk Management

  • Adhere to all Group Policies and relevant legislation covering credit, operational, reputational risk among others. 
  • Commitment to Group Code of Conduct and act as a role model for Conduct
  • Timely completion of all mandatory e-learning, attestations, compliance requirements and requests for information.
  • Work with COO and 2nd line functions to ensure appropriate frameworks and operational infrastructure are in place to facilitate compliance with industry codes & applicable external laws and regulations in the handling, use and dissemination of client data.

Governance

  • Assist FM to assess the effectiveness of the Group’s arrangements to deliver effective governance, oversight and controls in the business
  • Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
  • Willingness to ‘speak up’ in the event of any realised or perceived breach of group conduct rules or laws by colleagues
  • Willingness to work with any local regulators in an open and cooperative manner.

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, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

  • Global Head, Macro Trading
  • Global Head, Global Credit
  • Global Head, FM Sales & Structuring
  • FM BMT
  • FM ITO
  • FM Product Management Team
  • FM COO
  • Client Segment heads of Global Banking
  • Offices of Group & regional CEOs
  • Group Corporate Development
  • SCVentures
Our Ideal Candidate
  • 5 plus years of experience in Carbon Markets strategy and products for Financial Markets.
  • Support the development of carbon and transition finance related products
  • Develop appropriate sales and marketing material, including pitchbooks, product sheets and educational information
  • Engage directly with clients to track their carbon emissions and transition finance related requirements and product interest.
Role Specific Technical Competencies 
  • Knowledge of Customers
  • Global Perspective
  • Business Markets
  • Strategic & Technical skills
  • Financial Skills

Visit our careers website www.sc.com/careers

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About Standard Chartered

We offer banking services that help people and companies to succeed, creating wealth and growth across our markets. Our heritage and values are expressed in our brand promise – Here for good.

With more than 86,000 employees and a presence in 60 markets, our network serves customers in close to 150 markets worldwide. We're listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.