Standard Chartered Hiring for Specialist, R2R, Accounting %26 Control at India Full Time

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.

Role Responsibilities

Strategy

• Needs to and be aware of the understand the Group&rsquos Strategy (looking at the big picture) and able to imbibe that into the work that is being delivered

Business

• Needs to and be aware of the understand the Group&rsquos Strategy (looking at the big picture) and should be able to relate to it.

Processes

• Responsible for monthly close process, management of books of accounts, accountings controls and accounting operations processes ensuring compliance of regulations, policies and requirements of the &ldquoin scope Africa countries/entities.
• Manage the process for review and recording of journal entries required to reflect the monthly activity and continuous improvement in productivity to the standards prescribed from time to time.
• Continually reviewing all assigned processes in order to identify opportunities for quality & process design improvement
• Preparation of white paper supporting the monthly close process and month end balances
• Lead the initiative for reduction in manual journals across the bank by doing a deep dive into the various thematic issues and driving the improvement through various measures.
• Review monthly accounting close process including analytical review of the monthly operating results to ensure accurate accounting records are maintained
• Manage and update on Period Close Accounting and Control activities across SCB.
• Ensuring that continuous efficiency improvement in R2R activities and an established process exists to constantly identify and implement improvement opportunities.
• Work of elimination of Inter company breaks
• Settlements to be initiated on real time basis to lower the ageing on the outstanding.
• Ensuring All ABDO are mapped into the correct preparer and approver. Unmapped ABDO to be escalated in the correct forums like FORTM and country finance escalation process
• Preparing the monthly MI providing the status of the substantiation to senior management.
• All unowned ABDO are escalated and ensure closure by arriving at the correct preparer approver
• All ABDO is substantiated following all audit assertions in the system validating the supporting documents with adequate reconciliation leaving only the open items with correct ageing and action
• Follow up with the approver for approving the substantiation in FCS system
• All action items to be closed before the quarterly /monthly submission timeline
• Group driven timeline for substantiation. Open items need to be escalated in the required forums like FORTMs and country finance teams.
• Ensure that the standards of customer service provided by the function consistently meet or exceed the requirements set under the Service Level Agreements agreed with the customers.
• Liaise with customers on the periodic review and re-negotiation of Service Level Agreements and any other related performance and quality measures
• Ensure effective systems and procedures for the timely collection of data from all accounting sites and their collation and submission to various recipients.
• Ensure compliance of regulations, policies & requirements of the &lsquoin scope countries and reports and raise relevant risks to delivery by effective communication

People and Talent

• Leadership skills and ability to influence others in decision making
• Relationship and stakeholder management skills is important
• Initiative and proactive thinking
• Strong understanding of financial industry, specifically banking products and services

• In-depth knowledge of the e2e book close process in a large international Bank and relevant key measures that drives effectiveness of these processes
• Effective communication skills, including presenting and influencing senior management.

• Excellent Excel & PowerPoint skills
• Excellent written and oral communication skills.
• Solid people and project management skills.
• Role would be for Africa shift

Risk Management

• Understand the Group Accounting Policy and the FCSR Standard and Policy in a way that he/she is able to identify any control lapses that has an element of risk and highlighting/escalating as appropriate

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group&rsquos 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 to achieve the outcomes set out in the Bank&rsquos Conduct Principles
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association

Key Stakeholders
Internal:

• All the CFOs of the countries & Group served by GFS.
• Various business heads of GFS
• GBS HR, Finance, Risk and Compliance

External:

• External auditors, local and overseas
• Senior members of other Finance Shared Services Centres in the industry.
• Peer group companies related businesses

Our Ideal Candidate

• Chartered Accountant, or MBA with 6+ years of relevant finance experience in Accounting and Control, Finance process re-engineering, and organisation Design

Visit our careers website