The Role Responsibilities
Associate Director Sustainable Finance Solutions will assist in the development of Sustainable Finance products and services to meet client needs (including SCB as a client) and investor demand. They will also help the Head, SF solutions and Director, Sustainable Finance Solutions in the maintenance and expansion of existing product ranges. This product capability serves all client segments and all businesses.
Our Sustainable Finance team serves as a centre of expertise on a broad set of ESG topics, providing thought leadership, strategic advice and transaction support to bring the Bank's coverage and product expertise to advance sustainability solutions for our clients. The group sits within the Sustainable Finance division of the Corporate and Institutional Bank and works with sales and coverage teams to identify and deliver on ESG-related product opportunities.
Strategy
- Assist in the development of Sustainable Finance products and services to meet client needs. This includes green, social, sustainable, transition, and ESG.
- Support in the development of new SF products to be rolled out internally (deposits, FM, TB etc.).
- Support the maintenance of the SCB SF Frameworks.
- Support in embedding targets into SCB scorecards for new products.
- Support in tracking the Sustainable Finance Balance Sheet internally.
- Support in running the SF Governance processes.
- Support in exploring LP / RWA incentive for SF assets / products.
- Support in guidance for SF Origination teams for transactions where eligibility against our SCB SF Frameworks is unclear.
Business
- The successful candidate will support The Head of SF Solutions and Director of SF Solutions in running a small centre of excellence providing tools for Standard Chartered and its clients to access Sustainable Finance Solutions.
- Ability to project manage complex product rollouts.
- Ability to write and allocation and impact reports for SF bond issuances.
- Ability to collate data from many sources in the organisation.
- Be able to support structuring of internal sustainable debt issuances.
- Will have good knowledge of ESG ratings agencies methodologies (as well as SPO services).
- Will be able to run training sessions and workshops for clients and staff in footprint countries on Sustainable Finance.
- Will have strong risk management knowledge and awareness of ESRM issues.
- Experience in rolling out new products, including knowledge of reporting, governance, legal and compliance issues.
- Experience in tracking and reporting on new initiatives within an organisation (preferably SCB).
- Engage senior management and decision makers of key clients to improve the quality of dialogue with clients, promoting a move away from 'transactional' reactive client coverage to consistent value-added partner/trusted advisor status. Anticipate clients' needs and provide strategic advice, bringing in the relevant product and industry partners as appropriate.
- Establish / maintain strong governance framework; to share ideas and best practice and to provide a forum for challenge.
- Professionally represent Standard Chartered at the highest levels within region and internationally.
- Ensure that industry and product knowledge is continually developed personally and within the team.
- Stay abreast of and anticipate the developments of the industries in which our clients operate and proactively spot the ESG risks, mitigants and potential solutions to help them.
Processes
- New product approval processes.
- Develop opportunities through attendance at key Industry events as necessary.
- Develop close ties with key stakeholders e.g., Financial Markets, Transaction Banking, Corporate Finance Risk, Country CEOs, Service Delivery, etc.
People and Talent
- Ensure the provision of ongoing training and development of people.
- Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from broader team and work in collaboration with risk and control partners.
- Engage and retain high quality people, with succession planning for critical roles.
Risk Management
- Ensure that key regulatory risks and concerns are raised into the governance framework.
- Take the initiative regarding regulatory, reputational and ethical matters, taking the initiative for providing proactive advice to clients as identified. Coach and manage the team in these matters and ensure they are adequately trained in and cognisant of regulatory, reputational and ethical risks.
- Knowledge of E&S risks, experience with mitigation of rep-risk and other enterprise / franchise risks.
- Strong knowledge of green, social and sustainable labels.
Governance
- Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
- Knowledge and experience in navigating an audit.
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.
- Support the SF team to achieve the outcomes set out in the Bank's Conduct Principles.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Adhere to local regulator (i.e., PRA and FCA) prescribed responsibilities and Rationale for allocation.
Key Stakeholders
- Internal: SF origination team, regional coverage teams, regional DCM teams, TM, FM, GBMT, CCIBMT, Private Bank ESG teams, FM SteerCO, Finance. Senior stakeholders in legal, compliance, CFCC.
- External: The Bank's customers, competitors, debt investors, external advisors and ESG Rating firms, deal legal teams.
Our Ideal Candidate
- Degree (BA or equivalent).
- 5 + years experience in Sustainable Finance (preferred).
- Knowledge of new product approval processes.
- Clear understanding of the Bank's Operational Risk Framework or equivalent experience gained in other organisations.
- Knowledge of Bank PPG processes.
- Knowledge of booking systems.
- Knowledge of SF regulation.
- Ability to speak on C-suite panels.
- Good writer and engaging speaker.
- Ability to explain complex concepts in a simple manner.
- Ability to form relationships with senior stakeholders.
- Demonstrated history of applying sound judgement with critical thinking skills and the necessary courage to challenge status quo and maintain effective working relationships.
- Strong analytical skills, detail-focused with the ability to interpret large volume of information.
- Problem solving skills with ability to influence across all levels of business.
- Ability to independently drive initiatives with minimum hands-on supervision.
Role Specific Technical Competencies
- Sustainable Finance Knowledge
- Governance
- Impact reporting
- New product launch
- Environmental and Social Risk
- Sustainability
- Financial Markets
- Sustainable Finance balance sheet management
- Strategy
- Stakeholder Management
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.
Visit our careers website www.sc.com/careers
FAQs
What are the three pillars of sustainability at Standard Chartered Bank? ›
Standard Chartered Bank CSR Activities
Our three priority themes for sustainability are contributing to sustainable economic growth, acting as a responsible company, and investing in the local community. We hope to contribute to the improvement of our lives by focusing and working on these priority themes.
Marisa Drew was appointed as the Chief Sustainability Officer (CSO) for Standard Chartered Bank as of 1 July 2022.
What are the 3 P's of sustainability? ›The TBL dimensions are also commonly called the three Ps: people, planet and profits. We will refer to these as the 3Ps. Well before Elkington introduced the sustainability concept as "triple bottom line," environmentalists wrestled with measures of, and frameworks for, sustainability.
What is sustainable finance Standard Chartered? ›Our Approach
We aim to promote economic and social development in the markets we serve, doing so sustainably and equitably in line with our purpose and three valued behaviours: 'Never settle', 'Better together' and 'Do the right thing'.
Sustainable finance refers to the process of taking environmental, social and governance (ESG) considerations into account when making investment decisions in the financial sector, leading to more long-term investments in sustainable economic activities and projects.
What is SCB's vision about sustainability? ›SCBX is committed to sustainable development by integrating ESG considerations into its business strategy and investment decision-making to ensure inclusive growth as well as to help support the United Nations Sustainable Development Goals (SDGs) and the Paris Agreement in order to become the Most Admired Regional ...
What are the 3 R's significant in sustainable development? ›The three R's – reduce, reuse and recycle – all help to cut down on the amount of waste we throw away. They conserve natural resources, landfill space and energy. Plus, the three R's save land and money communities must use to dispose of waste in landfills.
What does ESG stand for? ›ESG stands for Environmental, Social, and Governance. Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities.
What are the 5 P's of sustainability? ›At a broad level, IMF engagement on the SDGs is aligned with the five SDG pillars of people, prosperity, planet, peace, and partnership.
What are the 6 major goals of sustainability? ›The SDGs are: no poverty; zero hunger; good health and well-being; quality education; gender equality; clean water and sanitation; affordable and clean energy; decent work and economic growth; industry, innovation and infrastructure; reduced inequalities; sustainable cities and communities; responsible consumption and ...
Is sustainable finance the same as green finance? ›
Green finance includes climate finance but excludes social and economic aspects. Climate finance is a subset of environmental (green) finance. Sustainable finance is therefore the broadest term, covering all financing activities that contribute to sustainable development.
What is the difference between sustainable finance and ESG? ›3. ESG is based on standards set by lawmakers, investors, and ESG reporting organizations (e.g., GRI, TCFD, MSCI), whereas sustainability standards — while also set by standards groups like GHG Protocol — are more science-based and standardized.
What is an example of financial sustainability? ›You may raise money through donations, grants, user fees, or all of the above, to name a few examples. But that's not the whole story. A financial sustainability plan will also include other types of resources you might obtain, such as in-kind support, volunteer staff, or shared resources from other organizations.
Why do you want to work in sustainable finance? ›Sustainable Finance Consulting
Many financial services institutions and banks may lack the scientific understanding for underpinning green finance initiatives. So, the role of consultants who understand the science of climate change will become important in supporting investment decisions.
Perhaps the biggest challenge faced by the sustainable finance market is the lack of agreement on and availability of actionable ESG data. The lack of standardisation and paucity of disclosure regulation around the world means that corporate ESG disclosure is voluntary and, in consequence, is uneven and inconsistent.
What are the risks of sustainable finance? ›Transactions often present immediate sustainability risks—asset impairment, remediation and indemnification expenses, environmental liabilities, and regulatory sanctions, to name a few—as well as longer-term issues such as the future costs and availability of resources and capabilities (e.g., water, waste disposal).
What is the main goal of sustainability? ›The Sustainable Development Goals (SDGs) aim to transform our world. They are a call to action to end poverty and inequality, protect the planet, and ensure that all people enjoy health, justice and prosperity.
What is the main focus of sustainability? ›Sustainability consists of fulfilling the needs of current generations without compromising the needs of future generations, while ensuring a balance between economic growth, environmental care and social well-being.
What are the core values of sustainability? ›Social inclusiveness, employment and poverty reduction. Resource efficiency, environmental protection and climate change. Cultural values, diversity and heritage. Mutual understanding, peace and security.
What are the three pillars of sustainability and why are they important? ›Sustainability's three main pillars represent the environment, social responsibility, and the economic. (These three pillars are also informally referred to as people, planet, purpose, and profits.)
Which are the 3 pillars of corporate social responsibility and sustainability? ›
The three pillars of corporate sustainability are the Environmental Pillar, the Social Pillar, and the Economic Pillar.
What is a good example of sustainability? ›Life below water: Avoiding the use of plastic bags to keep the oceans clean. Life on land: Planting trees to help protect the environment. Responsible consumption and production: Recycling items such as paper, plastic, glass and aluminum. Sustainable cities and communities: Biking, walking or using public ...
What are the key pillars of sustainability? ›The three pillars of sustainability are planet or environment, social or people, and profit or economics.
What are the six sustainability focus areas? ›- Life cycle assessment. ...
- Food, energy, water (and nexus) ...
- Climate change science. ...
- Sustainable living and behaviour. ...
- Industrial ecology and circular economy.
Sustainable finance refers to the process of taking environmental, social and governance (ESG) considerations into account when making investment decisions in the financial sector, leading to more long-term investments in sustainable economic activities and projects.
What are the five pillars of financial sustainability? ›There are five pillars of financial literacy that you MUST learn. They are budgeting, debt elimination, saving, investing, and how to choose financial products. 1. Budgeting.
What are the four P's of corporate sustainability? ›Sustainability is one of our core values. To maximize the benefits of this core value in everything we do as a company, we always consider the 4 P's: People, Planet, Prosperity and Plastics.
How do you measure sustainability? ›Sustainability is measured by assessing performance of Social, Environmental, and Economic principles. While a balanced treatment of all three is an ideal goal, it is not always achievable.
What is the difference between sustainability and CSR? ›Sustainability looks forward, planning the changes a business might make to secure its future (reducing waste, assuring supply chains, developing new markets, building its brand). CSR tends to target opinion formers – politicians, pressure groups, media.