Jobs at Standard Chartered in Singapore

Job Summary

This is an exciting opportunity to join our global Corporate Real Estate Management Team, with the role being based in one of the banks key strategic locations, Singapore. The Global Head of Asset Management is accountable for leading the bank's global real estate portfolio.

Key Responsibilities

Strategy

1. Oversee the development and implementation of a comprehensive global real estate portfolio strategy across SCB’s global footprint, aligned to the Bank’s strategy and overall objectives.
2. Accountability for key elements of a 5 year strategic plan aligned to the Bank’s and business-specific strategic priorities, including:
1. Rental escalations
2. Asset acquisition and divestments
3. 5 year Cash & P&L view
4. Implementation of the agreed 5 year Supply Partner Contract (annual value of approx. $10m) and planning for continuous improvement of the 3rd party strategy (incl. ownership of any Supply Partner RFP activity)
5. Asset Management Technology / Systems plan
3. Monitor global real estate markets and industry trends to identify opportunities and challenges.
4. Member of the CRES Management Team, which oversees the development, alignment and delivery of the overall CRES strategy.

Business

1. Drive the financial performance of the real estate portfolio, including maximising returns, minimising costs, and optimising capital allocation.
2. Lead and participate in complex contract negotiations with key developers and landlords.
3. Develop and maintain key relationships with Asset Management partner functions, to develop and enable seamless execution of property plans, incl. but not limited to Global Leads within Finance, Risk, Compliance, Resilience, Treasury, Legal, OR and SCM.
4. Ensure that portfolio decisions are fit for purpose to deliver on overall Bank strategic priorities, including for WRB and CIB, and that the impact of material decisions around Real Estate Assets are aligned with the relevant business teams.
5. Develop and improve an Asset Management delivery platform across the Bank’s global footprint, which can accelerate and improve the execution of WRB’s Transformation agenda.
6. Alignment of key Asset Management success factors with geographic Business and CRES stakeholders (in particular WRB transformation team).

Processes

1. Asset Management Global Process Owner.
2. Oversee and manage the Global budget of the Supply Partner dedicated resources and variable fees.
3. Manage and improve Supply Partners Performance by defining and actively monitoring key performance indicators.
4. Build & leverage core relationships with Developers / Landlords and, where applicable, support or lead ‘principle to principle’ negotiations on major Real Estate Transactions.
5. Oversee Regional and Country driven key transactions, including alignment to global strategies and SCB Group Stakeholders.

People & Talent

1. Lead a team of diverse, passionate and capable individuals, which includes people in the Bank’s retained team and our chosen supply partner.
2. Proactively support our partner in identifying gaps and strengths within the Portfolio and Asset Management teams, so people changes can be managed strategically, minimizing unforeseen attrition and Business disruption.
3. Ensure the Geography teams are strongly connected across the bank and external organisation, enabling a sharing & learning culture around best practices.
4. Create a culture which enables staff (both SCB and 3rd party) to manage and prioritise workload, resulting in a productive and resilient workforce.

Risk Management

1. As the Risk and Process Owner of Asset Management, the role is accountable for the identification, assessment, and mitigation of relevant risks across real estate and transactions, such as property valuation and contract-related risks.
2. Accountable for the compliance of all real estate transactions with any applicable regulations and guidelines.
3. Lead Annual Risk Control Assessment exercise to ensure our Risk Ratings are appropriate and Controls are effectively designed and applied.

Governance

1. Accountable for adherence to the Asset Management process framework within the Property Process Universe, including sign off on process defined activities, oversight of Supply Partners process adherence, as well as continuously seeking to simplify the effectiveness of the governance framework in liaison with relevant Stakeholders.
2. Accountable for contract performance and compliance with contractual obligations.
3. Accountable for accurate internal and external reporting of real estate portfolio reporting.

Regulatory & Business Conduct

1. Display exemplary conduct and live by the Group’s Values and Code of Conduct.
2. Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank.
3. Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
4. Lead 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.]

Key stakeholders

1. Cluster Heads of CRES (EA, Asia and AME)
2. Group SCB Functional Leads (SCM, Treasury, Risk, Compliance, OCIR, Legal and Finance)
3. Group CRES SME Leads
4. CEO, WRB
5. Cluster WRB Heads
6. CEO, CIB
7. Cluster CEOs.

Skills And Experience

1. Significant Strategy, Lease and Property Management (Real Estate) experience is critical to be a success in this role.
2. The successful candidate will have exceptional Commercial Acumen, Client Lens but Balance with Risk Appetite, Track Record to Deliver Complex Portfolio Strategy, Drive Performance through Third Party Supply Chain and be considering a Thought Leader within the Real Estate Industry.

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 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

1. 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.
2. Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well.
3. Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term.

What We Offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

1. Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
2. Time-off including 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.
3. Flexible working options based around home and office locations, with flexible working patterns.
4. 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.
5. A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
6. 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.