Standard Chartered

standard Chartered PLC (LSE: STAN, SEHK: 2888, OTCBB: SCBFF, NSE: STAN) is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries. It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures) and employs around 80,000 people. It is a universal bank and has operations in consumer, corporate and institutional banking and treasury services. Despite its British base around 90% of its profits come from Africa, Asia and the Middle East. Standard Chartered has its primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has secondary listings on theHong Kong Stock Exchange and the Indian Stock Exchanges. Its largest shareholder is Temasek Holdings.[2]

History
The name Standard Chartered comes from the two original banks from which it was founded and which merged in 1969 The Chartered Bank of India, Australia and China, and The Standard Bank of British South Africa.[3] [edit]Chartered

Bank

Main article: Chartered Bank of India, Australia and China The Chartered Bank was founded by Scotsman James Wilson following the grant of a Royal Charter by Queen Victoria in 1853. Chartered opened its first branches in Mumbai, Kolkata and Shanghai in 1858, followed by Hong Kong and Singapore in 1859.[3] The Bank started issuing banknotes of the Hong Kong dollar in 1862. With the opening of the Suez Canal in 1869 and the extension of the telegraph to China in 1871, Chartered was well placed to expand and develop its business.[3]

[edit]Standard

Bank

Main article: Standard Bank (historic) The Standard Bank was a British bank founded in the Cape Province of South Africa in 1862 by another Scotsman, John Paterson.[3] Having established a considerable number of branches, Standard was prominent in financing the development of the diamond fields of Kimberley from 1867 and later extended its network further north to the new town of Johannesburg when gold was discovered there in 1885.[3] Half the output of the second largest gold field in the world passed through The Standard Bank on its way to London. Standard expanded widely in Africa over the years, but from 1883 to 1962 was formally known as the Standard Bank of South Africa. In 1962 the bank changed its name to Standard Bank Limited, and the South African operations were formed into a separate subsidiary which took the parent bank's previous name, Standard Bank of South Africa Ltd.

Our Functions
Wherever you come from and wherever you want to go, we can offer you exciting career opportunities within one of our many functions around the world, including our Consumer Banking or Wholesale Banking divisions. Whichever one of the 70 countries you choose, we hope you feel right at home. We are a truly global bank, employing around 75,000 people, representing over 115 nationalities.

Audit
Group Internal Audits role is to provide independent assurance to the Audit and Risk Committee and to senior management, so that the risks associated with the Groups business are identified, ensuring appropriate controls are in place to cover them and that they operate as intended.

Corporate Affairs
Corporate Affairs helps drive the country strategy in many different ways. Its responsible for effective media relations, internal communications and government relations, not to mention our sustainability agenda and for promoting our brand.

Corporate Secretariat
Corporate Secretariat is a global function, providing advice and counsel to protect the interests of the Group and all its stakeholders. Examples of some of its main areas of involvement include: y y y y y y Advising on acquisitions and corporate transactions Organising shareholder meetings (e.g. AGM) Meeting Stock Exchange requirements Shareholder communications Advising directors in relation to their duties and responsibilities Oversight of the Groups corporate structure

Consumer Banking
Do you want to work with one of the biggest players in the world's highest growth markets? Do you value an ideas-rich, service-centric environment where you can be creative and analytical? Are you enthusiastic, dynamic and driven? Then we want to work with you to translate ideas into winning products for our customers. Consumer Banking is the largest business division of Standard Chartered. Our rapidly expanding global footprint currently spans close to 40 markets in Africa, Asia and the Middle East. We're a dynamic business that demands continuous innovation to provide financial solutions that meet the needs of 12 million customers at different stages of their lives. Our broad product range includes credit cards, personal loans, mortgages, transaction banking, wealth management and private banking services to individuals and SMEs.

Human Resources

HR relationship managers add value to our organisation by leveraging various HR products like Resourcing, Learning & Talent Development, Employee Relations, Engagement, Performance Management, Recognition and Reward to drive business performance. We believe that if we invest in attracting, retaining and developing talented people, outstanding financial performance will quickly follow. We play to the strengths of our employees. We prefer to identify and develop an individuals strengths rather than focus on trying to fix their weaknesses. Weaknesses will rarely, if ever, be turned into strengths. But strengths can be turned into even greater strengths.

Finance
Finance is a critical area of the bank. It ensures that business managers have the information they need to run the bank, while maintaining independence and integrity in reporting to investors and regulators. As well as providing information and maintaining financial controls, Finance challenges business performance and works on strategic ideas to develop the Bank's franchise. Some of the specific areas of work are: y y y y y Managing the preparation of financial reports and accounts Constructing budgets, forecasts, and longer-term financial plans Setting policy and procedures around reporting and financial controls Advising/implementing new reporting standards Working with business managers in developing business investment pla

Risk
The Risk function is the team responsible for upholding the integrity of the Banks risk/return profile. It ensures that risks are properly assessed, and that risk/return decisions are made properly and transparently.

Wholesale Banking
By joining our Wholesale Banking division, you can play a part in shaping the markets in which we operate by helping our clients grow and expand. You'll be in a responsive and innovative team that clients regard as the right partner, leading by example in their markets. In Wholesale Banking, our solutions enable corporations and institutions to realise their aspirations. We have an exceptional track record and we have received numerous awards in recent years. Most importantly, clients choose us

because we deliver real value through our in-depth knowledge of the world's high-growth markets, and our wide range of products and services. Gols of this bank

Sustainability governance
A series of mechanisms are in place to ensure that our sustainability strategy addresses material issues for both our business and for our markets, and is underpinned by sound governance and reporting.
Sustainability governance
The Board of Standard Chartered PLC established a board committee in 2005, the Sustainability and Responsibility Committee, to oversee the delivery of our sustainable business strategy to ensure the Banks sustainability ambitions on each of our seven strategic priorities are achieved. It is chaired by a non-executive director and membership includes the Group chief executive and at least two further non-executive directors. It meets at least three times a year. Country CEOs are responsible for identifying and responding to local sustainability issues. Under the oversight of the Sustainability and Responsibility Committee and reporting through the Group Management Committee, the executive of the Bank, a series of other committees and steering groups also underpin our governance approach to sustainability. They review emerging and current risks as well as opportunities, make recommendations to the board and co-ordinate initiatives. These supporting committees include: The Group Reputational Risk and Responsibility Committee which identifies, reviews and manages significant reputational risks to the Bank. It is supported by committees in Consumer and Wholesale Banking that review new product development as well as ensuring the Banks environmental and social risk policy is applied to lending decisions. y The Standard Chartered Environment Committee is responsible for overseeing delivery of the Groupwide environment strategy and policy. It meets every two months and includes senior executives from global businesses, functions and markets.

In 2008, we introduced Country Environment Committees across our markets to drive environmental action and engagement locally. The committees comprise senior members of local management.

The Group Financial Crime Risk Committee is responsible for reviewing current and emerging financial crime risks and ensuring there is an appropriate risk management strategy in place to address those risks. y y

Engagement
We engage with external stakeholders including non-governmental organisations (NGOs), investors and governments to communicate our position and understand different perspectives.
This helps us to clarify priorities and develop policies. Working with others also helps us to identify opportunities for sustainable development and to maximise our contribution through partnerships. Through stakeholder engagement, we also gain insights on how external stakeholders perceive the Banks performance on sustainability issues.

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Stakeholder feedback on our sustainability strategy and approach to reporting

In 2008, we carried out specific stakeholder engagement through a series of workshops in the UK, China and India, and telephone interviews with opinion leaders in the UAE, Kenya, Hong Kong and South Korea. A consensus across the different groups was an appreciation of the Banks comprehensive approach to sustainability, rather than a sole focus on environment and climate change.

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Millennium development goals

The Millennium Development Goals (MDGs) are eight goals that governments agreed in response to the world's most significant development challenges.
The Banks sustainability strategy has elements that are aligned to the aims of several MDGs. Further to our focus on building a sustainable business in 2008, the Bank responded to the Business Call to Action led by the UK Prime Minister, Gordon Brown, to engage the private sector in using their core business activities and skills to contribute towards the MDGs. The Bank committed to launching a programme to support the growth of small and medium sized enterprises (SMEs), which is being piloted in Pakistan.