Head financial reporting and Controls

Employer
Standard Chartered
Location
India
Posted
Apr 06, 2024
Closes
Apr 28, 2024
Ref
4638326494
Work Mode
Hybrid, Remote
Hours
Full Time
Organization Type
Corporate
Role Responsibilities

Head - Financial Reporting and Controls is a critical role that is responsible for ensuring quarterly financial reporting submission to Group for consolidation, managing operational risk within the finance function for compliance with enterprise-wide operational risk framework, performing peer analysis and driving productivity enhancements (including implementation of ASPIRE delivery) to enable in meeting the RoTE target the group

Strategy
  • The successful candidate needs to have a strong accounting/reporting background in understanding the nuances around accounting/ reporting and performance management on International Financial Reporting standard (IFRS). This will enable the candidate in a strong understanding of Segment performance in India, key dynamics, drivers, and trends impacting the business, as well as the opportunity to influence strategic decision making
  • This role provides exposure to a vast internal network of both business and functional stakeholders. It suits an individual with strong analytical, problem solving, and change management skills with experience of driving change within large multinational banks / companies and can deliver under pressure
  • This role also involves extensive engagement with the Group Financial reporting, Group Technical accounting and Business finance teams and country teams in cluster to ensure that accounting policy and principles are implemented in a consistent manner across the cluster market

Business*
  • Engage with the business that the revenue recognition/ accounting/reporting for the same happens in compliance with IFRS norms for Group reporting and local regulatory norms for local reporting
  • Ensure that business across the bank adheres to all the reporting / regulatory thresholds from Group/ Local perspective

Processes
  • Engaging with the global process owners/ process managers to ensure that the process /team cater to the accurate and timely reporting for Group consolidation
  • Engaging with the auditors of the bank to
  • Play an active role in delivering ASPIRE/change management across
  • Subledger delivery
  • New general ledger
  • Provide leadership to cluster countries for ensuring smooth delivery of benefits of Group finance transformation for Nepal/Sri Lanka
  • Undertake detailed peer review and external benchmarking analysis, identifying areas of best practice and key focus areas

People & Talent
  • Responsible to oversee and manage staff directly and indirectly in the offshore centre
  • Responsible to hire and develop quality talent

Risk Management
  • Drive the emphasis for risk management across the India finance function
  • Partner with the credit risk teams to ensure the local provisioning policy is framed as per the local regulations and adhrered to

Governance
  • Act as business operational risk manager for Finance in India and drive operational risk to optimal levels
  • Act as a Single point of contact for all risk issues from a Group perspective for South Asia cluster

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 the India finance 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.

Key stakeholders
  • Group Finance
  • Group Technical accounting
  • Country and Group business finance
  • Country operations
  • Group and local auditors
  • Cluster CFO teams

QUALIFICATIONS

TRAINING, LICENSES, MEMBERSHIPS AND CERTIFICATIONS
  • Must be a Chartered Accountant (or equivalent qualification) with 10 years of experience in the Finance team of Bank

Our Ideal Candidate
  • Accounting & Control
  • Local regulations
  • Risk management

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

'316356