Head financial reporting and Controls - Mumbai, India - Standard Chartered Bank

    Standard Chartered Bank
    Standard Chartered Bank Mumbai, India

    1 week ago

    Standard Chartered Bank background
    Full time
    Description

    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