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Director, Group Financial Reporting

Standard Chartered
Closing date
26 Jun 2022

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Contract Type
Full Time
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Job: FinancePrimary Location: Europe & Americas-United Kingdom-LondonSchedule: Full-timeEmployee Status: PermanentPosting Date: 31/May/2022, 9:39:40 AMUnposting Date: Ongoing 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
Key roles and responsibilities:

This is a key role and will play a leading role in delivering the group's external reporting and will in drive the various initiatives within Group Finance. This is a highly visible role with multiple touch points to key senior stakeholders in the organisaion.

The candidate will demonstrate a thorough understanding of the financial reporting landscape and will:
  • Work closely with the Head, Financial Reporting in owning the end-to-end delivery of the Annual and Half Year accounts as well as quarterly disclosures
  • Drive through changes to reporting requirements by owning the preparation of "Proforma" financial reports and ensuring the implementation of new IFRSs and Accounting Policies in conjunction with the Technical Accounting team
  • Own the Group Reporting procedures and policies to be followed by country finance teams for IFRS reporting
  • Work closely with Risk Finance colleagues to understand the intricacies around ECL and the broader risk disclosures.
  • Challenge the status quo with focus on continuous performance improvement
  • Actively participate in project governance and demonstrate thought leadership in respect of Group Financial Reporting's role in Finance Transformation (Aspire including "F Enhanced") and other projects requiring external reporting expertise

Stakeholder Engagement:
  • Ownership of the reporting timetable and ensuring alignment across all relevant teams (Tax, Risk, FP&A, Cosec, IR and Countries)
  • Collaborate with other leads in Group Finance to co-ordinate the reporting process
  • Accountable for liaison with Country Finance teams to improve the reporting process
  • Accountable for the preparation of a business focused, concise analytical review (FRAPA) together with a detailed understanding of the disclosures made throughout the Annual report
  • Responsible for preparation of Audit Committee papers and other relevant financial information for the Managing Board and Audit Committee
  • Liaison with external auditors to support the resolution of accounting and reporting issues faced by countries and completion of Group audit process

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.

Key Stakeholders
  • Group Financial Controller
  • Head, Group Financial Reporting and Risk Finance
  • lobal Process Owner (Finance) - Record to Report
  • Global Head, Financial Regulatory Reporting
  • Group Taxation
  • Group Treasury
  • Group Investor Relations
  • Group FP&A
  • Country Finance Teams
  • GBS teams (in Chennai and Bangalore)

Our Ideal Candidate
  • Chartered Accountant or MBA with relevant finance experience, especially in consolidation of financials.
  • Strong understanding of financial industry, specifically banking products and services
  • Strong interpersonal and leadership skills
  • High sense of independence and accountability
  • Very strong analytical skills and ability to problem solve
  • Non-hierarchical and collaborative team player
  • Inquisitive, self-starter and natural networker
  • Able to deal with fluidity in role and changing expectations while remaining focused on end outcome
  • Sound understanding of financial governance, oversight and control frameworks.
  • Excellent communication skills, written and verbal, given the need to interact with senior stakeholders.
  • High level of resilience and maturity to operate in a results driven and fast moving environment.
  • Ability to handle multiple priorities in a dynamic environment
  • Someone that can look beyond the process and see the bigger picture
  • Good technical accounting capabilities
  • ECL experience would be a plus
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