Senior Manager - Financial Reporting UK Subsidaries and Head Office
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 Strategy
- 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.
- Being the business finance partner for SC Ventures.
- Responsibility for Head Office activities, SC Ventures, branch accounting, country CGCS and CAAF applications, and corporate development projects.
The candidate will be responsible for:
People and Talent
- 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).
- Identifying of unneeded subsidiaries liquidation, including project managing these liquidations and capital restructuring through 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 Head Office and UK Subsidiaries.
- Challenging current practices and procedures including identification of weaknesses and developing and implementing effective solutions
- Sign off Country Finance owned accounts in FCS
- Support the roll out of the new ledger (ASPIRE)
- Managing and developing part of the UK financial reporting and control team and building staff engagement through learning and development plans
- Preparing, reviewing and providing Management information.
- Managing queries from Group Finance, Product Control, Treasury, and Tax in respect of UK subsidiaries and UK Head Office.
- Identifying technical accounting issues within UK Head Office, UK subsidiaries, and SC Ventures and liaising with Group Technical accounting to resolve them.
- Reviewing corporate development and other head office projects, investments, CGCSs and CAAFs, country addendums, new products and large transactions, acquisitions, mergers etc within Head Office, UK Subsidiaries and SC Ventures.
- Ownership of Head Office specific activities including semi-annual impairment testing of Goodwill and Subsidiaries, providing oversight of group cost recharges including share options, pensions.
- Being the UK business partner SC Ventures.
- Ad-hoc reporting for UK Regulators and Group Finance
- No direct responsibility for staff but should still contribute to the development and training of the wider team in 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 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.
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.
Our Ideal Candidate
- 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.
ACA / ACCA / CIMA or international equivalent
Apply now to join the Bank for those with big career ambitions.