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Job
: Finance
: Finance
Primary Location
: Asia-India-Mumbai
: Asia-India-Mumbai
Schedule
: Full-time
: Full-time
Employee Status
: Permanent
: Permanent
Posting Date
: 03/Aug/2022, 1:32:43 AM
: 03/Aug/2022, 1:32:43 AM
Unposting Date
: Ongoing
: Ongoing
The Role Responsibilities
Strategy
- This role will be responsible for reviewing financial reporting under IFRS, closure of books for local reporting and reviewing local financials and handling audits within Finance of SCB India branches
Business
- This role covers the full spectrum activities, including – routine BAU reporting, implementation of new / changes in financial / regulatory reporting requirements and process enhancements and automation initiatives
- The candidate should be a subject matter expert in certain areas in financial and regulatory reporting to lead and drive the related reporting process with the help of his / her peers in the team and the offshore support team
- The candidate should be one of the key liaison person interacting with stakeholders within and outside Finance to provide advice and articulation of financial and regulatory reporting requirements.
Processes
The candidate is expected to play a central role in delivering the following:
- To review Local Financials and ensure accuracy
- Review IFRS submission to Group for Group accounts
- Support audit of IFRS and local statutory audit
- Drive audit queries and co-ordinate between auditors and internal stakeholders
- Ensure timely and accurate submission of LFAR and certifications to RBI
- Support during RBI onsite inspection. Provide necessary information to RBI
- To review IND AS submission to RBI
- Submission adhoc information to RBI
- Peer bank review and analytics
- Financial and local balance reconciliation
- Provide accounting guidance on various issues related to IFRS reporting and local reporting.
- Update DOIs / process note as required
- Interpreting, understanding and ensuring timely submission of ad hoc requirement to regulators
- Support during RBI onsite inspection. Provide necessary information to RBI
People & Talent
As a manager, the jobholder needs to assist the team head to:-
- Coordinate with support teams in GFS and provide necessary guidance / coaching
- Provide guidance and support and work closely with peer teammates
Risk Management
To assist the team head to manage the risk arising from regulatory reporting activities via:-
- Introducing / enhancing any necessary control steps in the financial and regulatory reporting process
- Presenting findings / following through actions in relevant control / risk forums – including regulatory reporting risk forum, finance risk forum
Governance
- Understand and ensure compliance with the Group’s financial regulatory reporting policies and standards with the support from peer teammate and the offshore hub
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 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
Internal
- CFO South Asia cluster
- Senior Managers / Managers in Finance & Business
- Managing Director/ Financial Controller / CMT Members for all subsidiaries
- Global Process Managers/teams in GBS
External
- Auditors
- RBI
JUDGEMENT/ COMPLEXITY
- Foreseeing the likely problems in the course of assessments taking effective remedial actions.
- Planning and devising an effective strategy to ensure desired results.
- Keeping abreast with latest developments in accounting laws to deliver targeted results
Our Ideal Candidate
- Qualified accountant with relevant working experience in banks/ MNCs or Big 4 banking audit firms
- Hands-on knowledge on regulatory reporting, various guidance/ circulars issued by RBI from to time, basics of banking products.
- Ability to work in an organised way, multi-tasking, prioritising, managing data to meet tight deadlines
- Strong analytical skills and data skills
- Strong communication and interpersonal skills, able to convey complex messages quickly and succinctly to stakeholders with confidence
- High levels of drive and resilience along with attention to detail.
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
