Associate Director, Corporate Development

Employer
Standard Chartered Bank
Location
Singapore, Singapore
Salary
Competitive
Posted
26 Jul 2022
Closes
09 Aug 2022
Ref
16042507
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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 behaviors . 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 better 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 Programmed, 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 organization, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realize 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
  • Team is responsible for the acquisition and disposition of businesses, management of portfolio of strategic equity investments and divestments.
  • Transactions include:
    • Acquisitions and disposals of companies or banks, businesses, product or customer capabilities and portfolios to strengthen the core franchise of the bank.
    • Strategic investments, alliances, and joint ventures.
    • NPL sales and structured entities to optimize value of charged off assets.
    • Organic new market entry strategy by way of a representative office, branch, or subsidiary.
    • Special projects such as subsidiarization and equity raisings.
  • Executing transactions including (a) evaluation and preliminary assessment; (b) process/project management; (c) negotiation, signing and internal approval.
  • Managing internal approvals
  • Corporate Development function works with Regional CEOs and Global Business CEOs to identify opportunities to initiate or exit corporate investments, managing corporate investments on an ongoing basis, including opportunities with SC Ventures
  • Work closely with the Regional CEOs and Global Business CEOs, the Group functional leaders and external advisers on transaction execution
Strategy
Evaluate the performance of the Group (and that of each of its portfolio of businesses) against its strategic ambitions, its own financial framework and market expectations. Consider and proactively discuss the optimum allocation of resources around the Group and any choices it may have to re-allocate capital and improve performance:
  • Consider the capital resources available to the group.
  • Anticipate the challenges the Group will face and present solutions to mitigate those challenges.
  • Review transaction opportunities aligned with the strategic agenda of the Group:
    • Deep understanding of the strategic ambitions and challenges of the Group and each Business.
    • Establish a vision: proactively seek opportunities to pursue the growth agenda of the Group.
    • Engage in an active dialogue to anticipate solutions to the growth agenda and challenges the bank faces in its various markets.
    • External focus: maintain close relationships with potential partners, competitors, and advisors to understand best practice and strategic aspirations.
    • Execute on all elements of the strategic initiatives listed above.
Business
  • Execute the analysis and presentation of the evaluation of transaction opportunities:
    • Strong corporate finance skill set in structuring, negotiating and tactics.
    • Broad understanding of the transaction's operational risk and how to best mitigate.
    • Produce financial analyses and valuation models for transactions as a basis for deal structuring and negotiation
    • Generate high quality research and analysis for transactions
    • Support the preparation of detailed written memoranda and presentations describing the targets and transactions for review by senior management and internal and external stakeholders
    • Assist in managing virtual physical data rooms and interfacing with potential bidders and advisors
  • Drive the efficient execution of transactions from initial evaluation through to deal execution and negotiation of documentation:
    • Evaluate the assessment of the strategic impact, the feasibility, and challenges of a transaction.
    • Assist in negotiating the structure, terms, and conditions of the transaction.
    • Ensure efficient management of post completion exposure to capital, reputational and operational risks.
Risk Management
  • Help identify, assess, monitor, control and mitigate operational risks to the Group relevant to Corporate Development.
  • An awareness and understanding of the main risks facing the Group and the role the individual plays in managing and communicating with the market regarding them.
  • Ensure a full understanding of the risk and control environment in areas of responsibility including listing requirements and disclosure obligations.
Governance
  • Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
  • Responsible for delivering 'effective governance'; capability to challenge fellow executives effectively; and 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.
  • Lead the Corporate Development Team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.
Key stakeholders
  • Strong working relationship with:
    • Group Finance, Group Treasury, Business Efficiency, Group Investor Relations, Group Strategy, Group Corporate Affairs, Group Legal, Group Compliance, Group Risk, Group HR, Group Company Secretariat.
    • All business segments and product teams, regional and country management
Other Responsibilities
  • Embed Here for good and Group's brand and values in Corporate Development team.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures responsibilities associated with the role
Our Ideal Candidate
  • 3+ years of experience in Mergers and Acquisitions (M&A), Investment Banking, Private Equity / Venture Capital
  • Understanding of banking sector and broader financial services corporate finance principles (M&A, investments, venture capital, strategic alliances, joint ventures, etc.)
  • Knowledge of legal and accounting and regulatory (i.e., capital / Basel 3) principles relating to M&A.
  • Academic qualifications required: Bachelor's degree
  • Proven transaction skill set and experience of doing deals with a successful track record of closing transactions.
  • High numeracy with experience of designing and interpreting complex financial models and valuation analyses.
  • Strong judgment and intellect combined with analytical and decision-making skills.
  • Ability to motivate and develop junior team-members.
  • Excellent communication (oral, written and presentation) and interpersonal skills.
  • Conscientiousness with high attention to detail.
  • Positive contributor to team in terms of ideas and knowledge.
  • Ability to deliver time-critical projects and work in diverse project teams.
Role Specific Technical Competencies:
  • Corporate Finance (Understanding of Bank and Non-Bank Valuation), Creating & Managing Financial Models, Knowledge of Bank Capital / Treasury
  • Core Understanding of Accounting Principles
  • Basic understanding experience in Navigating and Negotiating Legal Agreements/Contracts
  • Value Additional
  • Project management experience.
Visit our careers website www.sc.com/careers

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