About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
Role is to support the Head of Financial Reporting for Treasury & UK Subsidiaries in delivering the Group Finance objectives and agenda.
The role is part of the Finance department which is responsible for all financial and management reporting for the UK including supporting the various business heads, the Country CEO and all the Group functions and business teams across our Global footprint to understand, manage and drive the complex business and operations within the UK. Our UK presence is key to connecting our footprint markets of Asia, Africa and the Middle East with the West through offering global support as the centre of excellence for product and segment teams.
This role is within the UK Country Finance team and will have responsibility for
Ensuring the completeness and accuracy of the legal entity books and records of UK subsidiaries, Dutch holding companies, and some Cayman and Luxembourg domiciled entities.
Assisting the team in being the business finance partner for SC Ventures.
Ensuring Standard Chartered Bank Limited's Equity Reserves and OCI disclosures are properly controlled and reported correctly for group reporting.
Assisting in controlling UK's Strategic Investments .
The candidate will be responsible for:
Ensuring accurate and timely financial statements are prepared, audited signed and filed for UK subsidiaries. This includes management of key stakeholders (Tax, KPMG / E&Y, Company Secretariat, and other relevant control functions).
Assisting in liquidations of unneeded SPVs and capital restructuring's including working with various other departments including Tax, Treasury, Legal and Company Secretariat.
Applying Group accounting policies, standards, procedures and internal control practices across UK Head Office, UK subsidiaries, and SC Ventures.
Ensuring accuracy, integrity and timely submission of all IFRS pack reporting using UK general ledgers as source, including external data requests and other quarterly group reporting requirements.
Help prepare quarterly CFO/CEO review pack for UK Subsidiaries
Sign off Country Finance owned accounts in FCS
Ensure equity & OCI balances within SCB are substantiated.
Ensuring Strategic Investments are properly controlled and accounted for.
Preparing, reviewing and providing Management information.
Managing queries from Group Finance, Product Control, Treasury, and Tax in respect of UK subsidiaries and areas controlled within SCB.
Assisting the team be the UK business partner for SC Ventures.
Ad-hoc reporting for UK Regulators and Group Finance
People and Talent
No direct responsibility for staff but should still contribute to the development and training of the GFS team.
RMF is the framework for Standard Chartered to cover Operational Risk ("OR").
the role of Risk Control Owner (as defined in RMF) in relation to Finance throughout UK. Ensure that residual risks remain within acceptable risk levels by identifying material risks, maintaining an effective control environment and accepting or rejecting levels of residual risk in line with Operational risk procedures.
Lead and coordinate effort to enhance general risk management and compliance culture. Be a source of reference to facilitate and promote the understanding of OR and compliance. Ensure adherence to the risk management framework in identifying, controlling, monitoring and reporting risk.
Complete the E Learning on RMF Procedures and E-orp and any other mandatory training.
Ensure actions are sufficient to mitigate, reduce, contain OR. Undertake/Co-ordinate periodic self-assessment.
Ensure risks associated with new/ changed products, services and business strategy are sufficiently assessed and mitigated.
Work as a team to drive and support the identification and management of operational risks on a daily basis.
Supply papers and facilitate the monthly FORTM meetings throughout the year, and actively participate in the discussions held therein.
Design and implement quality control measures and monitoring plans for compliance and operational risk management. Ensure controls are effective and are complied with.
Identify gaps and conduct staff training on OR and compliance.
Ensure a) policies are implemented, b) new regulations are communicated, c) essential policy is regularly communicated and understood
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 matters.
Establish partnership relationship with peer group across the SCB network.
Coordinate with all relevant business partners, i.e. GFS, SC Ventures, Product Control, UK & Group Taxation, Group Finance (GF), and Treasury.
Liaison with GF regarding new IFRS instructions, group reporting, and resolution of queries after packs submission.
Develop good working relationships with external and internal audit teams
Participate in country and business projects when required.
A background in statutory financial reporting and external audit.
Up to date theoretical and practical knowledge of IFRS 9 (Financial Instruments), IAS 21 (Effects of changes in FX), IFRS 11 (Joint arrangements), IAS 27 (Separate Financial statements), IAS 28 (Associates and Joint Ventures), branch accounting.
Ability to communicate both verbally and in writing and able to vary the approach taking account of the audience.
Ability to communicate well with all levels, including senior management and global colleagues in other countries, including our Shared Services team in Chennai.
Ability to hit hard deadlines and deliver insightful commentary whilst under pressure.
Ability to make decisions based on imperfect information, able to explain and stand behind these decisions.
A proven track record in financial control in ideally an international bank.
Sound knowledge of Treasury, Equity products and head office like activities (e.g. investments in subsidiaries, group recharges).
Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.