Graduate - Finance

Location: London

Hybrid Working: 3 days in office, 2 days from home

ICBC Standard Bank Plc (ICBCS) is 60% owned by Industrial and Commercial Bank of China and 40% by Standard Bank. ICBCS benefits from a unique Chinese and African parentage and an unrivalled global network and level of expertise.

ICBCS is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and the markets in which we operate. We deliver products in an environment which considers the appropriate needs of our clients, whilst providing guidance and expertise to ensure our employees understand our business and uphold the highest levels of conduct. We want passionate and talented individuals who are motivated by high growth potential being achieved in doing business the right way.

Headquartered in London, ICBCS also has operations in Shanghai, Singapore and New York.

Department Summary Treasury & Capital Management
Capital Management and Regulatory Reporting has three key activities, all of which also serve the Treasury function to a greater or lesser extent.

TCM Reporting and Stress Testing is responsible for the calculation and reporting of the Bank's capital and liquidity positions as well as all prudential returns to the PRA and Bank of England covering capital, liquidity, large exposures, leverage, NSFR, asset encumbrance and a range of statistical returns, as well as various internal MI packs (ALCO, TCM/GM meetings and inputs into various Board papers). Governance of all local reporting requirements is exercised via the quarterly RegGov forum

The function is also responsible for the provision of regulatory information to ICBC Head Office ALM, MID and Risk Management departments in Beijing for their consumption and to support onwards submission of returns to the China Banking and Insurance Regulatory Commission (CBIRC).

Budgeting, forecasting and stress testing encompasses the monitoring and management of capital supply and demand over the planning horizon, and parameterising and running periodic stress tests to assess the firm's capital and liquidity position under severe but plausible market scenarios.

TCM Control and Change assumes ownership of all capital and liquidity reporting systems with responsibility for RTB and CTB change management of these systems. This includes management and prioritisation of IT resource and release cycles to deliver regulatory driven system changes and accommodate new business activities (i.e. NPSTAC support).
The function also owns and manages the wider control framework within TCM, including designing reconciliations, spot check and deep dive reviews, maintenance of Business Operating Model and Control Framework documents, Key Risk/Control Indicator monitoring (KRI/KCI), input into the RCSA process and audit management.

TCM Policy and Business Liaison is responsible for liquidity and capital related regulatory policy adherence for the Group across all pillars, including identifying regulatory changes concerning liquidity and capital, the production of key annual documents including ICAAP, ILAAP, RRP and SWDP, managing the Contingency Escalation frameworks and supporting the business on capital and liquidity optimisation and business initiatives (at times undertaking cross-Finance co ordination).

The function represents the Capital Management/Reg Reporting and Treasury teams in NPSTAC discussions, advising on the capital and liquidity impacts of new trade types or specific structures and subsequently working with TCM Control and Change and TCM Reporting to ensure the structure is understood and any necessary system enhancements are implemented. It is also responsible for representation of the firm at industry forums.

Job Purpose
This is a key role within the TCM Reporting team, with a focus on the calculation, analysis and reporting of the firm's capital, large exposures, leverage, funding and liquidity position for use by internal and external stakeholders. The role offers cross training and rotation across the dfferent disciplines within the team.

Key strategic objectives are:-

• All key regulatory calculations performed in line with regulatory rulebook.
• Delivery of regulatory information within the firm that is timely, accurate and relevant to the needs of business and management.
• Completion of regulatory returns to the PRA and CBIRC in line with requirements, supported by robust review processes.
• Ongoing review and challenge of all key data attributes and processes that support the calculation and reporting of the firm's capital position.
• Close working relationship with departments across the Bank (including Financial Reporting, Risk, Front Office and IT) to support new business initiatives and regulatory developments.

There will be the opportunity to study towards a chartered profession i.e. CIMA/ACCA.

Key Responsibilities
Assist in the timely and accurate completion and submission of all capital and liquidity returns and provision of management information, including:

• Regulatory Capital and Large Exposures (LE) calculations
• Daily Regulatory Capital and LE reports to business and management
• Daily Liquidity headroom reporting against the Liquidity Coverage Ratio (LCR) and internal stress tests
• Monthly EBA Funding & Liquidity Regulatory reports: LCR, Additional Liquidity Monitoring Metrics (ALMM) and Net Stable Funding (NSF)
• Quarterly COREP returns to the EBA & PRA covering Own Funds, Risk Weighted Assets, LE and Leverage
• Monthly and quarterly PRA Liquidity & IRRBB reports: PRA110 and FSA017
• Quarterly Capital, Leverage, Funding & Liquidity data to ICBC Head Office
• Production of management reports to governance committees such as ALCO and BRMC

Responsible for the delivery of:

• Detailed analysis and commentary on changes in capital, funding & liquidity positions
• Executive summaries and presentations for Senior Management
• Presentations on results in the Senior Management review meetings
• Information for inclusion in Annual Financial Statements, Pillar 3 and ICAAP/ILAAP documents for the year-end reporting cycle
• Participating in the testing of ongoing system changes

Controls and efficiency

• Support the reconciliation of capital and liquidity data to the general ledger as part of the month end process to validate regulatory returns
• Actively work to reduce the number of manual adjustments and work collaboratively with other teams to avoid duplication of work and bring about
• efficiencies
• Identify areas in the procedures which can be improved so as to provide time savings and / or an enhanced control environment. Improvements may relate to spreadsheets and procedures or changes to calculation engines and reporting systems. Assist in the subsequent implementation of the proposed changes.

Finance graduate scheme

This role falls under the Finance graduate trainee programme and the Bank envisages that for the first 36 months of your employment (until graduation) you will participate in this scheme.
Under the scheme the role offers cross training and rotation opportunities across the different disciplines within the team as well as other Finance areas and there also is an expectation that graduates study towards and complete a relevant professional qualification (such as CIMA or ACCA) offered by the Bank

Preferred Qualifications and Experience

• Degree educated with strong academic background or equivilant qualifications
• Previous experience working in Financial Services is desirable although not required
• Basic financial instrument knowledge would be beneficial
• Microsoft Office application knowledge (Excel, PowerPoint, Access) would be beneficial

Suitabiliy for the role

The role would suit someone who:

• Prefers a day to day role with a set schedule and relatively stable workload
• Prefers working in a controlled environment and operating in accordance with agreed policies and procedures
• Has an affinity for accounting concepts (including willingness to study towards an accountancy qualification)
• Is a good communicator and enjoys working collaboratively across a range of stakeholders in a multicultural environment
• Is self-driven and has a natural curiosity and desire to learn
• Is organised and can prioritise and attend to a number of tasks at one given time
• Emphasises great attention to detail
• Has good problem solving/analytical skills
• wants to fully understand end to end processes and proactive in following up on and resolving any issues

The role would not suit someone who:

• Prefers a role with a very varied workload and a more flexible schedule
• Wants to express their creativity and prefers to innovate rather than following set processes
• Prefers to work independently and has difficulty working in a team
• Has difficulty working in a traditional hierarchy
• Does not want to study for an accountancy qualification whilst working full time which requires dedication and good time management skills