C & IC Finance Manager at Standard Chartered Bank

JOB PURPOSE

• Provide financial input on CIC deals and transactions to ensure the business complies with taxation, capital, regulatory and statutory accounting requirements
• Assist with project benefits/deliverables within the WB business
• Manage and meet WB reporting deadlines and ensure that reports are as far as possible, reflect business performance.
• Actively review and assist in planning business costs to ensure value for money and a lean cost base
• Manage the Bank’s Management Accounting Systems for the accurate and timely collation, analysis and dissemination of information

KEY RELATIONSHIPS INTERNAL & EXTERNAL

Internal

• Hub reporting manager
• Africa CIC Business Partner

External

• Central Bank – Research,
• Research Agencies
• Federal Office of Statistics,
• Financial Institutions,
• External Auditors,
• Stock Exchange etc.

FOR

• Accuracy and reliability of monthly reporting, including forecasting accuracy
• Guidance on overall Africa strategy/ comparison across the Region

CONTRIBUTES TO

• The CIC business strategy
• The understanding of the financial dynamics and dimensions of the CIC business
• The building of CIC operating plans, budgets and forecast
• The determination of the CIC financial and management information needs, the formats and the frequency with which these should be produced
• The development of CIC management information systems to facilitate effective decisions by Heads of Global Markets and Corporates and Institutions
• Ensuring compliance to Group standards, regulatory and statutory regulations
• Achievement of CIC budget
• Maintenance of appropriate financial and project controls

AUTHORITIES

• Authorised to allow processing of all expenditure within delegated authorities/ agreed strategy
• Initiate change requests necessary to satisfy CIC MIS needs in liaison with Heads of GM, CR, BSM and CFO

KEY PERFORMANCE INDICATORS

• Budget schedules compiled, agreed and submitted within stipulated time
• Level/quality of automated reports
• Budget /variance reports distributed to Heads of GM, CR within agreed time scale
• % of manual to automated reports
• Quality and timeliness of reports disseminated to Heads of GM and CR
• Level of queries/corrections to submitted reports
• Tracking of PARs deliverables
• Audit grade 2 and above0

KEY RESPONSIBILITIES

Business Analyst

• Collect and present relevant financial data to help in the formulation of the strategy of the WB Business and monitor progress towards Key Performance Indicators
• To assist the CIC finance manager in all matters relating to CIC Customer Profitability Reporting
• Partner business in establishing a low, and value for money cost base

Reporting

• To ensure CIC monthly reporting is timely and accurate at both product and customer segment levels. This includes the consistent application of the Funds Transfer Pricing and Cost Allocation methodologies
• Assist business to undertake the financial analysis of the Business monthly performance

Budgeting and Planning

• Assist the Business Finance manager in co-ordinating budget and monitor progress towards its achievement, drawing attention to important trends opportunities to maximise earning and minimise risk.

Financial Control

• Review and monitor the business performance against Group policies for Market Risk, Liquidity Management, local regulatory and other statutory requirements
• Manage the WB cost centres

KEY RESPONSIBILITIES

Project Management
Ensure that project accounting disciplines and tracking mechanisms (including benefits tracking) are in place for all WB projects

Operational Risk
To prepare the operational risk reports for the unit (KCSA, KRI, SORE, LSORE) for WB Business finance as required.

Others
Undertake ad hoc projects and assignments as agreed with Line Manager, CFO and the Heads of Global Markets and Client Relationships as the case may be.

Qualifications and Skills

EXPERIENCE/ KNOWLEDGE REQUIRED

• MBA in Business, or Accounting or Professional Qualification – CIMA, CPA, ACCA or its equivalent plus at least three years experience in a middle management position with relevant / specific banking experience
• High level of computer literacy and understanding of business computing environments
• Knowledge of the Banking practice and Products
• Strong knowledge in Management Accounting principles
• Strong analytical skills and an eye for detail
• Good communication and interpersonal skills
• Team builder

JUDGEMENT/ COMPLEXITY

• Superior levels of judgement are required to assess the impact of CIC business activities on performance, to identify trends early enough to enable effective remedial action to be taken and to facilitate clear understanding of the financial impact of decisions by the Business Heads
• Integrity and sometimes courage to challenge the actions of peers
• Judgement is called for in determining variables for use in budgeting and financial evaluation of CIC deals and transactions
• Contribute significantly to the professional management of the Business Support function and in the day to day performance of Business Divisions
• Follow up and monitoring of Customer and Product performance
• Value for money review of projects