• Job Description

  Req#: 273108
  !*!

  The Role Responsibilities

  Job Role

  The Group Risk Finance function was set up to provide linkage between Risk and Finance and have subject matter expertise on IFRS9 impairments and external risk disclosures.

  The role will be a key part of the Group Risk Finance team, providing accurate and timely reporting to senior stakeholders in Finance and Risk.

  Strategy

  • Constantly seek improvement and simplification of the reports by process reengineering.
  • As member of the R2R team Contributing to the overall FinOps strategy.
  • Ensure functionalisation is implemented within R2R Reporting team.
  • Drive strategic initiatives in GFS to enhance the footprint of processes from the countries.
  • Supporting the Finance priorities and ensuring GFS plays a lead role. e.g. SAP DM Implementation and its central administration.
  • Supporting the Finance transformation programme to drive sustainable solutions and process improvements.
  • Providing support to the Aspire program and implementing actions as per the program schedule.

  Business

  The role is also expected to proactively drive improvement initiatives to continuously enhance the global process, whilst maintaining the highest levels of governance and controls. The role holder will need to actively seek and implement changes i.e., bring in more processes into a functionalised model which is scalable and repeatable

  • Ensuring partnership and alignment with other GPM / COE area in establishing end to end alignment of processes including sharing of best practices.
  • Maintain a strong financial controls and operational risk control environment over the function. This includes achieving an ongoing healthy business environment through strict compliance of policies standards and maintenance of a robust infrastructure and processes.
  • Ensure data integrity for accuracy and completeness.
  • Ensure a stronger collaboration across various GFS units.
  • Drive the process standardization and Identify opportunities for process migration.
  • Manage the end-to-end reporting cycle from a technology interface standpoint, optimize data loading / adjustment loading timelines by co-ordination with various stakeholders to ensure optimized reporting time is met.
  • Change management: Facilitate overall upgrades and system changes in the tool along with Technology.

  Processes
  

  Risk Finance

  The main responsibilities will include be to support the Group Risk Finance team in London to deliver the following:

  • Deliver the monthly Risk Pack to the Group CFO incorporating the trends insightfully and commentary covering Early Alert, High Risk, Impaired accounts and analysis of Retail products and past dues.
  • Deliver the monthly credit impairment profit and loss flash to Group CFO / Segment CFO’s and Regional CFO / CRO’s with explanation on the monthly movements.
  • Deliver the monthly IFRS9 deck to the segment CFO teams covering the drivers of the movements in EAD / ECL and impact of ECL scenarios.
  • Quarterly papers for the various governance committees covering the balance sheet of Early Alert, High Risk, Impaired accounts, stage 3 flows, commentary on movements by retail products and by industries.
  • Messaging and validation of presentations to various governance forums like the impairment and audit committees at different levels of consolidation viz. PLC, Bank Group and Company.
  • Review of the external risk disclosures in the annual reports and quarterly interim management statements and provide support on doing the commentary for the external disclosures.
  • Deliver periodic submissions to the regulators viz. PRA.
  • Deliver the quarterly peer review and benchmarking of credit risk metrics for Group CFO.
  • Engage pro-actively with segment and regional finance teams to build stronger understanding of IFRS9.
  • Contribute to the credit impairment forecast / outlook whenever needed.
  • Engage pro-actively with risk stakeholders viz. SAG, SAR, CPBB and CCIB Risk teams to build a good understanding of the credit impairment trends and insights.
  • Manage ad hoc queries on impairments from various stakeholders.
  • Manage the quarterly late ECL adjustment process with stakeholders in countries and R2R team.
  • Deliver the quarterly CFO pack on late ECL adjustments with comments on the key movements to CFO community.
  • Constantly seek improvement and simplification of the reports by process reengineering.
  • Manage three team members responsible for the risk finance processes in Chennai.
  • Be a subject matter expert on IFRS9 impairments.
  • Be an effective contact point for Risk pertaining to impairment activities in finance.

  People and Talent

  • Support and build strong high performing teams with demonstration of Thought leadership, Influencing and collaboration skills with a clear focus on driving results.
  • Ensuring an effective and robust employee performance management culture is in place. Driving an impactful managerial effectiveness by the people managers in the team to drive higher motivation and engagement levels.
  • Provide strong leadership to the team; attract, retain and develop finance professionals in the unit, to effectively execute workload and support / advise the stakeholders.
  • As a senior leader in the GFS-R2R team actively lead and drive People initiatives and work with cross functional leadership.
  • Coach, Mentor and help in building a strong second line of leadership in GFS-R2R team.
  • Ensure all staffs are attending mandatory training programs and also arrange for domain-based training wherever required.
  • Manage attrition below 15% in the team through effective employee engagement and Talent Retention programs.
  • Enhance the employee engagement scores across the teams, through effective coaching, performance management practices, Talent retention and Functional development of employees.

  Risk Management

  • Perform process reviews to identify the gaps in the existing process.
  • Embed the Group’s values and code of conduct in the role remit to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations.
  • Ensure review of process documentation of all processes once a year or as and when significant changes occur.
  • Ensure all staffs are attending mandatory training programs and also arrange for domain-based training wherever required.
  • Support internal and external audits and ensure nil adverse comments.
  • Ensure the conduct of Service Review dashboard calls with Stakeholders with key process metrics and forward-looking actions.
  • Complying with all governance requirements - Process metrics review, BCP.
  • Coordinate with internal and external auditors to provide timely information and support.

  Governance

  • 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 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.

  Regulatory and 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.
  • Lead the 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].
  • Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.

  Key Stakeholders

  • Risk teams viz. SAG, SAR, CPBB, CCIB and Group Risk
  • Regional and Segment CFO teams
  • GFS teams like R2R Accounting, R2R Controllers, IM Team, Technology, Tax and Capital functions
  • Group Finance Operational Risk
  • HRBP and Talent Acquisition

  Our Ideal Candidate

  • CA with 12 - 14 years post qualification or MBA Finance with Peer Banking experience

  Role Specific Technical Competencies

  • Financial Reporting and IFRS9
  • Data Insight and Analysis
  • Communication and Commercial skills
  • Stakeholder Management
  • People 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 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

• About the company

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