Senior Manager, Financial Reporting

Standard Chartered Bank
London, United Kingdom
10 Mar 2023
24 Mar 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Role Responsibilities
The role is part of the UK Finance department which is responsible for all financial and management reporting for the region including supporting the various business heads, the Regional CEO and all the Group functions and business teams across our Global footprint to understand, manage and drive the complex business and operations within Europe. Our presence in Europe 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 primarily covering the Treasury Capital business. The overall team is responsible for ensuring the completeness and accuracy of the legal entity books and records for Head Office, Treasury and UK Subsidiaries.
  • Providing key business finance support for managing the short and long term currency positions and group structural net investment hedges including evaluating and ensuring accurate accounting of monetary items or transactions that generate currency positions. Attributing and ensuring the accurate reporting of FX PnL to the business.
  • Supporting the Aspire programme to deliver a new ledger, the GPTM TP system and the use of SAP DM as well as any other parts of the project impacting Treasury Capital.
  • From time to time working on specific Group Corporate Development projects.
  • Working with product control on the annual Corporate Plan and providing analysis and commentary for finance.
  • Reviewing trade bookings to ensure the downstream accounting impacts are understood.
  • Responsibility for the completeness and accuracy of the financial reporting, disclosure and underlying financial and consolidation books and records of Treasury Capital within Standard Chartered Bank PLC and Business Standard Chartered Bank UK. Financial controller for books and records of a few smaller subsidiaries.
  • Business partner to Treasury Capital UK and primary contact to product control, operations, tax, regulatory reporting, group finance, audit and risk on all things treasury capital and PLC related.
  • Primary finance and business partner contact for a portfolio of around ten long term strategic Fair value through OCI investments.
  • Main finance owner of Actual vs Flash PnL reconciliation and maintaining detailed PnL analysis and providing accounting and trade booking support to product control.
  • Preparing, reviewing and providing management and regulatory information.
  • Explaining movements in financial balances clearly and succinctly, demonstrating an understanding of the underlying drivers.
  • Reporting to senior management including preparing quarterly results presentations to the CFO of UK and Europe and preparing reports to senior management and operational risk to explain technical accounting and booking issues.
  • Ensuring entity level financial reporting impacts are understood and that accounting is accurate and reasonable from group driven processes.
  • Responsibility for accurate and timely financial reporting of Treasury Capital.
  • Applying Group accounting policies, standards, procedures and internal control practices across Treasury Capital.
  • Ensuring accuracy, integrity and timely submission of all BPC data reporting using UK general ledgers as source, including external data requests and other quarterly group reporting requirements.
  • Review month end and quarter end entity and consolidation journals and propose journals where adjustments to the ledger are needed.
  • Helping to ensure reference data is set up in the transaction processing and finance systems.
  • Prepare quarterly CFO/CEO review pack for Treasury Capital.
  • Responsible for sign off UK Finance owned accounts in FCS.
  • Managing queries from Group Finance, Product Control, Treasury and Tax in respect of UK subsidiaries.
  • Ad-hoc reporting for UK Regulators and Group Finance.
  • Work with Group Finance regarding changes to reporting or new requirements.
  • Be able to track major transactions through the transaction processing systems to the general ledger and deepdive into historic balances.
People and Talent
  • Indirect management of a UK Manager and Chennai team to deliver Statutory and Group Reporting and period end close.
  • Develop UK and Global Finance Services personal through feedback and coaching.
  • Work with UK and Global Finance Services personal to solve problems.
Risk Management
  • Ensuring an effective system of internal financial controls are in place.
  • Ensuring financial/fiduciary reporting obligations are met on time and to a high quality.
  • Challenging current practices and procedures including identification and rectification of control weaknesses in them, standardisation.
  • Review, challenge, evidence and sign off substantiation of balances.
  • Establish and maintain standardised financial reporting and control.
  • Maintenance of Department Operating Instructions (DOIs)
  • Presenting to the monthly Functional Operational Risk Team Meeting (FORTM)
  • Applying Group accounting policies, standards, procedures and internal control practices
  • Ensure compliance with International Financial Reporting Standards (IFRS), Group Accounting Manual and other regulatory accounting guidelines
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
  • Treasury Capital
  • CFO Europe
  • UK Financial Controller
  • Group Finance
  • Product Control (Singapore)
  • Technical Accounting (UK and Singapore)
  • Global Finance Services, Chennai and Bangalore
  • UK Tax
  • Other UK and non UK country finance teams
  • EY
  • Finance teams of strategic long term investees
Other Responsibilities
  • Participate in country and business projects when required
Our Ideal Candidate
  • Qualified accountant
  • Working knowledge of IAS 21 Effects of Changes in Foreign Exchange Rates including experience of FX translation, IFRS 9 Financial Instruments including accounting for interest rate swaps, cross currency swaps, FX spots, forwards and hedge accounting
  • Proven ability in financial and management accounting
  • Current theoretical and practical knowledge of IFRS and its implications on reporting.
  • Knowledge of the Companies Act and its requirements is desirable but not essential
  • Practical experience with banking reporting systems and tools is desirable but not essential
  • A self-starter and creative thinker with the ability to set and manage their own agenda
  • Excellent interpersonal and communication skills with the ability to drive change effectively
  • Degree level education or equivalent
Role Specific Competencies
  • Proven ability in financial and management accounting
  • Current theoretical and practical knowledge of IFRS and its implications on reporting
  • Interpersonal and communication skills
  • Management of others (indirect)
  • Management of change
  • Prioritisation and initiative
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.
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