CEO Needed at Standard Chartered Bank

Standard Bank of South Africa merged with the Bank of West Africa in 1965 acquiring businesses including a banking operation in Nigeria, which dated back to 1894. The name was then changed to Standard Bank of West Africa.

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Applications are invited from interested and qualified candidates to apply for role of CEO Needed at Standard Chartered Bank.

Job Specifications:

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Job Description:

  • Executive responsibility for all Standard Chartered business interests in Nigeria.
  • Provide leadership in Nigeria through developing an overall country strategy, delivering an integrated plan across the business and functions and balancing strategy, financial performance, people and talent, risk management, business conduct, governance, and stakeholder management.
  • Act as the ambassador for the Bank in the Country.


  • Formulate the Country strategy as a member of the Regional Management Team and communicate the Group’s global and region strategy, priorities, and objectives in a country context to all staff.
  • Lead and develop the Country strategy and to ensure effective co-ordination between the Business, Functions, and Group Strategy. This involves leading in the business strategy development process, challenging the segment and product heads, raising issues and working to reach agreement, ensuring alignment of the support functions and that they are adequately equipped and “Fit for Purpose”, then supporting the required investment requests and their implementation.
  • Develop and implement an effective Country plan that supports operational resilience and the delivery of the strategy, including people, premises, technology, and behaviours. Ensure that the plan is aligned with the country’s short, medium, and longer-term aspirations.
  • Lead strategic and corporate development discussions and oversee all corporate development/M&A transactions within the country.
  • Awareness and understanding of the Group’s business strategy and model appropriate to the role.


  • Delivering budget and owning P&L accountability for the Country.
  • Drive the business agenda and bring alignment across the Business and Functions by working with the segment and product heads to maximise and protect franchise value and resolve issues.   
  • Act as an executive sponsor to develop key client relationships.
  • Champion and support network and cross-border business initiatives aimed at maximising total Group franchise value, maintaining neutrality as to where business is booked.
  • Enable the country’s financial performance through the following activities:
  • Ensure country balance sheets are managed effectively, including liquidity management and efficient use of capital, to support the execution of any sub-regional strategy and business plans.
  • Facilitate collaboration amongst Corporate, Commercial and Institutional Banking, and Consumer, Private and Business Banking.
  • Sponsor key client relationships.
  • Challenge business performance and aspiration relative to competition.
  • Ensure alignment of business budgets and targets with balance sheet considerations, supporting infrastructure (people, systems and property) and strategy.
  • Optimise resource allocation (Capital & Liquidity) across the country and seek appropriate tradeoffs.
  • Oversight of prudent cost management.
  • Recommend and enable appropriate acquisitions or disposals of businesses and/or subsidiaries.
  • Leverage the opportunity provided by Corporate Social Responsibility to enhance the Group’s Internal and external Reputation and indirectly influence the bottom line.
  • Drive the delivery of world-class sales and service and understand business, economic and market environment in which the Group operates. 
  • Approve the annual Country budget and quarterly financial forecasts


  • Ensure all processes across the Country are followed in line with approved policies and procedures.

People & Talent*

Risk Management* 

  • Identify and manage all material individual or systemic risks and thematic issues across the Country that may inhibit growth, cause reputation damage or subject the Group to potential significant loss or exposure.
  • Ensure that all material risks, including all risk types (e.g., credit, operational, liquidity, reputational, market, country etc) which affect the country franchise are properly monitored, managed and where necessary escalated to appropriate individuals and relevant committees, as well as the Regional CEO, in accordance with the Group’s risk management framework.  This is exercised through the jobholder’s chairmanship or participation in relevant committees, and monitoring of relevant management information.
  • Provide input into risk appetite, risk limits and risk acceptance for the country and challenge country risk control owners, within the cluster and regional supervisors where appropriate.
  • Anticipate risks and issues likely to have a material impact on the operations of the Group within the country and seek to manage or mitigate such risks and issues.
  • Act as the Country risk control owner under the Group’s risk management framework for strategic risk
  • Manage operational risk through all applicable policies and by serving as local Risk Owner for operational risk sub-types under External Rules & Regulations; Prudential Standard – Recovery and Resolution Planning
  • As a Risk Owner for the local Recovery and Resolution Planning regulatory requirements, ensure branches have an adequate recovery plan and accurate resolution information is provided as required to regulators to allow the assessment of the preferred resolution strategy.
  • Specific to the operational risk sub-types, execute second line Risk Ownership responsibilities as outlined under the Operational Risk Framework (ORF) and associated policies and procedures. Including, but not limited to the following:
  • Ensure that required control standards are being met, by continuous monitoring of risk and control indicators.
  • Highlight and escalate (as required) where control standards are not being met, including highlighting control design deficiencies or gaps to Group Risk Owners.
  • Challenge and approve (where appropriate) first line risk identification, residual risk assessments and mitigation plan, taking into account changes to the internal and / or external environment.
  • Review, challenge, and support Risk Acceptance Requests request made by relevant Country Process Owner(s) for submission to the authorized risk acceptance authority.
  • Monitor ‘live’ risks, and jointly with first line owners, ensure that appropriate management action is being taken to mitigate their impact.


  • Provide oversight across operations in the Country, ensuring compliance with the highest standards of regulatory conduct and compliance practices as defined by internal and external requirements. This includes compliance with local banking laws, other applicable laws (e.g., laws governing securities activities, company law) and anti-money laundering regulations and guidelines
  • Take personal responsibility for understanding the risk and compliance requirements for the role. Understand and comply with, in letter and spirit, all applicable laws and regulations, including those governing securities, activities, anti-bribery and corruption, anti-money laundering, terrorist financing and sanctions; the Group’s policies and procedures; and the Group Code of Conduct.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk and compliance matters, Embed the Group’s values and code of conduct to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees form part of the culture.
  • Provide oversight and support to ensure countries implement and maintain robust structure to support effective corporate governance.
  • Ensure that the applicable regulatory limits are managed effectively to support the execution of country strategy and business plans
  • Identify regulatory developments likely to affect business performance and take proactive steps to manage the impact. This includes proactive engagement with relevant regulators to register concerns, provide thought leadership and offer alternatives
  • Ensure that the Group’s operations in the country are conducted within legal and regulatory requirements and to high ethical global standards and expectations
  • Ensure appropriate conduct of business and that clients are treated fairly through effective policies and controls, robust staff training, appropriate sales activity and transparent communication
  • Implement and maintain an effective country organisation structure, management team, risk management framework, systems and infrastructure to monitor, direct and control the working of the business and all functions, entities and operations in the country. This includes ensuring the effective execution of the Group’s governance structure; committees (e.g., Country CMT; Country Risk Committee; Country Operational Risk Committee; Country Asset & Liability Committee (ALCO)); and, policies and procedures
  • Oversee all material investments and capital/project expenditure in the country 
  • Ensure that the business and all functions prepare, test and regularly update Business Continuity Plans and when necessary, invoke the Country Crisis Management Plan and/or Business Continuity Plans
  • Perform the responsibilities assigned to a CEO under relevant Group and country policies and procedures
  • As a last resort, where escalation has failed to mitigate a situation whereby the business is continuing to run with material risks, instruct the suspension of business activities
  • Exercise authorities delegated by the Board of Directors if any and act in accordance with Articles of Association (or equivalent).

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.
  • Display exemplary conduct and live by the Groups 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.
  • Understand, and balance, the Group’s objectives and the expectations of regulators when overseeing the Group’s operations within the Country and when engaging with regulators.
  • Lead the Nigeria Management 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.
  • Effectively manage relationships with the relevant country and international regulatory bodies.
  • Implement all regulatory requirements set out by both international & local regulators.

 Key stakeholders*

  • Regional Chief Executive Officer, AME
  • Country Management Team
  • Regional business and functional stakeholders
  • Government officials, regulators, community leaders and industry bodies
  • Clients
  • Media
  • Legal advisors

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Qualifications and Requirements:

  • Academic or Professional Education/Qualifications: A First degree or its equivalent in any discipline as well as higher degrees and professional qualification/certifications in Business Management / Accountancy / Banking preferable.
  • Licences and Certifications/accreditations: Desirable – Professional certifications in Accountancy / Banking
  • Professional Memberships: Desirable – Membership with professional associations for e.g. Institute of Chartered Accountancy, Institute of Chartered Financial Analysts, Chartered Institute of Bankers
  • Language: English

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Method of Application

Qualified and interested candidates should Apply by Clicking the Button below.

Deadline: April 18, 2024

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