VP, Cloud Portfolio Finance Lead

Employer
Confidential
Location
Chennai
Posted
Jun 17, 2024
Closes
Jul 01, 2024
Ref
4736924587
Work Mode
Hybrid, Remote
Hours
Full Time
Organization Type
Corporate
This inclusive employer is a member of myGwork - the largest global platform for the LGBTQ+ business community.

Role Responsibilities

Job Summary

The Cloud Portfolio Finance Lead is responsible for managing the financial health of an organization in order to promote success and growth while working closely with our Finance Partner in maintaining banks' financial practices. This role will support the Cloud Transformation Office in developing and implementing financial plans, monitoring financial performance, identifying areas for improvement, as well as capitalising on opportunities to support efficiency solutions that will meet Cloud budgets, investments and stretches.

In this role, you will have the opportunity to utilize your expertise in financial analysis and strategic planning. By analyzing day-to-day financial activities with precision, you will provide valuable insights and recommendations to the Cloud Transformation Office and Cloud Management Team. Your guidance will empower the Cloud Transformation Office and Management Team to make informed decisions that align with the organization's long-term goals.

Responsibilities

Strategy


  • Leads planning and forecasting activities with Cloud Transformation Office and Management Team to achieve Cloud performance objectives.
  • Works with the Hive, Sub-domain, Domain leadership to support governance and reporting for a consolidated view across the Hive, Business or Function Unit.
  • Ensure any new major changes to the prioritized product backlog (within 90-day cycle) are reported to RF (Refinement Forum) for approval and subsequently submit to MPR / QPR (Quarterly Performance Review) for approval on the impact to OKRs, cost and timeline shift on the 90-day approved commitments

Business

  • Providing financial reports and interpreting financial information to managerial staff while recommending further courses of action including clarity updates, reports, capitalization, variance, underspends, cost plans etc.
  • Advising on investment activities and provide strategies that the company should take.
  • Analyze costs, pricing, variable contributions, spend against the Cloud Team's actual performance compared to the business plans.
  • Conduct reviews and evaluations as well as monitor cloud usage and spending data to identify cost-saving opportunities.
  • Ensure all required approved SOWs / contracts are in-place to procure vendor resource / infrastructure including management of the vendor payments.
  • Engage Country Finance teams and understand budget requirements across regions and budget types.
  • Preparing financial status reports for management review.
  • Design and drive cloud service usage, pricing models, and purchasing options.

Processes

  • Identify opportunities for efficiencies / process simplification and optimization.
  • Continue to evolve and embed best practices in finance areas.
  • Ensure vendor relationships are appropriately managed and deliver value.
  • Consistently measure and assess processes to ensure optimal function.
  • Have awareness of and understand all of the relevant regulatory frameworks for the markets in which Standard Chartered operate.
  • Ensure compliance with all salient Standard Chartered governance frameworks.
  • Embed Agile methodology and principles in the enterprise, reflected in mindset and culture changes.

People & Talent

  • Workforce management of resources/allocations/skill-base for existing pool of resources. Including updating aXess, tracking and supporting hiring needs.
  • Support Cloud Portfolio on onboarding new staff required for Cloud projects.

Risk Management

  • Proactive in seeking regular assurance that the teams are performing to an acceptable risk and control standard.
  • Act quickly and decisively when any risk and control weakness become apparent and ensure they are addressed within an appropriate timeframe and escalated through the relevant committees.
  • Balance business performance delivery and cost management constraints with risk and control matters to ensure that they do not materially threaten the Group's ability to remain within risk appetite
  • Ensure a full understanding of the risk and control environment within Cloud Platforms & Services
  • Present Financial details to Steering Committees or Refinement Forums with variances (underspends / overspends).
  • Delivery Risk Governance (Monitor Risk and Issues Registers. Ensure consistent Risk and Issue management across the Hive or Sub-domain or Domain).
  • Support CPOs to respond to audit/GIA/external audit etc.

Governance

  • Ensure compliance with all salient SC governance frameworks where there are direct touchpoints with them or any subsequent downstream influence on Cloud Teams.
  • Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role. Stay aware of changing regulatory landscape so that we can proactively manage the emerging requirements.
  • Ensure compliance with the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements. This includes compliance with local banking laws and anti-money laundering regulations and guidelines
  • Establish control across the Steering Committees and Refinement Forums (or a Hive governance forum) and maintain the governance framework and strategy for the robust and efficient management of strategic investments in compliance with Change Delivery Standards.

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.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matter.
  • Responsibility for adherence to the Mandatory Conduct Requirements and demonstrating positive risk, control and Conduct behaviours as part of their role. Examples include:
  • Timely escalation and proactive management and mitigation of risks and issues.
  • Sharing lessons learnt with colleagues to prevent future errors.
  • Raising concerns and dealing with mistakes in a timely manner and encouraging others to speak up.
  • Cooperating fully with requests from regulators and Group Internal Audit.
  • Promoting an inclusive culture, encouraging colleagues to act ethically, learn from mistakes, and set the right example to their teams.
  • Responsibility to conduct and complete the Mandatory Conduct Affirmation (MCA) annually, as part of the year- end review to affirm the following:
  • Risk & control and Conduct behaviours have been considered and assessed as part of continuous performance management.
  • Colleagues approach to risk, control and Conduct was considered when making Total Variable Compensation (TVC) proposals during year-end review.
  • Responsibility for recognizing and providing positive feedback through feedback 365 channels and Going the Extra Mile (GEM) award
Key stakeholders

  • ET - Cloud Management Team
  • ET - Cloud Delivery Teams
  • ET - Performance & Cost Optimisation Team
  • TTO Finance Partners
  • TTO QPR Portfolio Team
  • Cloud Resilience Programme Steering Committee Members

Our Ideal Candidate

  • Proven experience as a Financial Manager.
  • Experience in the financial sector with previous possible roles such as financial analyst
  • Extensive understanding of financial trends both within the company and general market patterns
  • Strong interpersonal, communication and presentation skills
  • Able to manage, guide and lead employees to ensure appropriate financial processes are being used
  • A solid understanding of financial statistics and accounting principles
  • BS/MA degree in Finance, Accounting or Economics
  • Professional qualification such as CFA/CPA or similar will be considered a plus
  • Excellent knowledge of project management strategies, processes, and tools.
  • Ability to analyse a range of complex data and make decisions based on analytical findings.
  • Great computer skills and knowledge of PMO software tools, such as Clarity, MS Project, MS Planner, etc.
  • Strong program coordination and administration abilities.
  • Good critical thinking and problem-solving skills.
  • Solid communication and interpersonal skills.
  • Ability to thrive in a fast-paced environment and work well under pressure.

Role Specific Competencies

  • Business Acumen
  • Cloud FinOps
  • Finance Management
  • Vendor/Supplier Management
  • Delivery Risk & Governance
  • Stakeholder Management
  • Written & Verbal Communication Skills
  • Agile Methodology

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 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
Skills: Project Management, Financial Manager, Verbal Communication, Accounting Principles, Agile Methodology, Stakeholder Management, Written Communication, Financial Analyst, program coordination, Governance

Experience: 0.00-2.00 Years