Manager, Business Finance

4 days left

Employer
Standard Chartered
Location
India
Posted
Mar 07, 2024
Closes
Apr 23, 2024
Ref
4370780199
Level
Manager
Work Mode
Hybrid, Remote
Hours
Full Time
Organization Type
Corporate
Responsibilities

Strategy
  • This role will be responsible for FM Finance related action points with regards to Derivatives & Investments, Capital market, Corporate Finance, Syndication and Corporate time deposit Business by working closely with other team members of FM Finance.

Business

The job holder is responsible for the following functions in Standard Chartered Bank:
  • Financial Markets Finance - Preparation, control and maintenance of the accounting & financial reporting systems at India Financial Markets (FM), for the preparation and audit of its financial statements and for comprehensive analysis of performance
  • Facilitate the Business & other reporting requirements for India FM business finance
  • Facilitate audit of FM business finance function
  • The candidate will be a key liaison person interacting with stakeholders within and outside Finance to provide advice and articulation of the process

Processes

The candidate is expected to play a central role in delivering the following:
  • Responsible for all BAU regulatory reports/Adhoc related delivery in co-ordination with GFS (Shared services staff). To co-ordinate with each person in FM Finance to ensure any anomalies in any month is taken care of jointly
  • Ensuring compliance at FM to generally accepted accounting principles and practices, Group Accounting Manual, DOIs (Department operating instructions) and other regulatory accounting guidelines
  • To act as a backup and support all the team members
  • Ensure adherence to all internal and external regulations
  • Contribute to establish a robust financial control discipline in FM
  • Ensure timely & correct submission of regulatory returns to country finance
  • Liaise with external auditors, internal auditors and Group Auditors with a view to ensuring smooth completion of audit
  • Have a broad understanding of the concept of Money Laundering regulations and its compliance
  • Always upholding the Values of the Group and of the Bank
  • Compliance with all applicable rules / regulations of the Bank and Group Policies at all times
  • Ensure Bank's compliance obligations (Statutory/Group/Local Authorities including submission of returns) are met
  • To manage the resolution of any compliance breaches or exceptions highlighted by the monitoring performed within the unit
  • To identify and report all exceptions on non-compliance with standard controls
  • To identify and report all weaknesses inherent in the standard controls
  • Take responsibility for the quality of work submitted and ensure that the highest standards are maintained.
  • Develop & maintain effective and standard processes
  • Support change project initiatives and conduct User Acceptance Testing for enhancements to current systems or migration to new system
  • Regular face off with Markets team, Product Control team, regional finance team and various internal stakeholders within India Finance
  • Act as a point of reference for team members and internal clients
  • Manage relationship with internal stakeholders, take regular feedback, anticipate and understand issues and escalate appropriately for timely resolution
  • Manage strong relationship with support teams (IT, Operations and Risk) and bring synergies by interacting and integrating with cross functional teams.

People & Talent
  • As a manager, the jobholder needs to assist the team lead to:-
  • Coordinate with support teams in GFS (shared services) and provide necessary guidance / coaching
  • Provide guidance and support and work closely with peer teammates

Risk Management
  • To assist the team head to manage the risk arising from regulatory reporting activities via:-
  • Introducing / enhancing any necessary control steps in the financial and regulatory reporting process
  • Presenting findings / following through actions in relevant control / risk forums - including regulatory reporting risk forum, finance operational risk forum, FM risk forum, business ops risk forum

Governance
  • Understand and ensure compliance with the Group's financial and regulatory reporting policies and standards with the support from peer teammate and the offshore hub

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.
  • Lead 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.

Key stakeholders

Internal
  • Senior Manager / Managers, Business Finance, Financial Markets - in connection with all FM related matters.
  • Senior Manager / Managers, Financial Reporting - in connection with all reporting & control related matters.
  • GFS, Banglore Chennai - Business Finance Reporting team for group & regulatory reporting
  • Line Global Product Control team
  • FM Front Office team
  • Internal Auditors

External
  • RBI during regulatory audits
  • Statutory auditors - with a view to ensure that audits are finalized smoothly
  • Finance function at other peer Banks - for exchange of common interest notes and to keep abreast of new developments in local reporting and IFRS.
  • Institute of Chartered Accountants of India - with a view to keep abreast of new developments in the field of accounting principles and practices and financial controls.

Our Ideal Candidate
  • Preferably a qualified chartered accountant or MBA with 4-6 years of previous experience in the Banking / Financial Services sector with exposure to Product Control covering the Financial Markets business.
  • Have knowledge of the IFRS and Local regulations on accounting and valuations.
  • Be a thorough manager with well-developed communication and inter-personal skills.
  • Should possess basic knowledge of banking transactions and have general knowledge of banking regulations.
  • Should possess knowledge of FM products offered.
  • Should be well versed with Excel and other tools.
  • Should be a resilient, self starter with well developed communication & inter-personal skills.
  • Significant experience of working with senior management team and of interfacing with and influencing senior stakeholders.
  • Strong ability to understand financial statements and its drivers and synthesize them into meaningful analyses as required. Develop analysis & interpretations as required to facilitate management decision making

Role Specific Technical Competencies
  • Should be well versed with financial accounting, Reporting, Valuation, FM product knowledge as well as financial market related regulations by RBI from Finance perspective
  • Updated on RBI Circulars
  • Banking Products
  • MS Excel
  • MS Word
  • MS power Point
  • Others data analysis tool

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

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