Standard Chartered bank Recruits for Business Finance Lead

Standard Chartered Bank is recruiting for Business Finance Lead

Job Title: Business Finance Lead
Job ID: 208211

Job Description
- To add value to the strategic direction, planning, budgeting and performance of the business in support of the Head of Consumer Banking.
- Provide financial advisory on existing and new CB products, projects and initiatives to ensure they are profitable.
- Review all new projects, products, channels and initiatives to ensure the business complies with taxation, capital, regulatory and statutory accounting requirements.
- Analyse and interpret the business performance and trends and suggesting remedial action.
- Actively review and assist in planning business costs to ensure value for money and a lean cost base.
- Analyse CB Balance sheet and ALCO reports to ensure effective control of the Liquidity and Market Risk.
- Ensure that the CB performance and balance sheet forecasts are robust and adequately tracked.
- Analyse and interpret the operational and competitive trends likely to affect the business operations, including performance gaps and suggested remedial action.
- Ensure the CB's Management Accounting Systems are robust and the MIS reports produced are accurate, relevant and complete.
- Establish processes to ensure the necessary Financial Control disciplines are adhered to within the CB Business and the inherent operational risks have been identified and satisfactorily managed.

Key Roles & Responsibilities

1) Business Partner

- Analyse, challenge and provide insights to ensure that the business strategy is robust, competitive and will ultimately enhance shareholder value.
- Regular monitor the competitive positioning and key performance metrics of the CB business to ensure that market share is protected and enhanced.
- Regularly highlight performance and execution gaps from stated strategies and recommend remedial actions.
- Engage the VC GMs to ensure they remain on track both with the strategic and tactical direction of the business.
- Ensure that the CB balance sheet is aligned to deliver performance targets and continuously leveraged to deliver optimum revenues.
- Regular review sub segment, customer and product profitability to ensure they are not diluting value.

2) Reporting

- To ensure that the CB monthly reporting is timely and accurate at both the product and Value centre levels.
- To ensure the cost allocation and Funds transfer pricing methodology is applied consistently and accurately to the CB products and value centres.
- Update Business Heads regularly on performance to enable them make fact based business decisions and explain variances as necessary.

3) Budgeting and Planning

- Co-ordinate the formulation of the Business operating plans/budget and monitor progress towards its achievement, drawing attention to important trends opportunities to maximise earning and minimise risk.
- Review and monitor the business performance against Group policies for Market Risk, Liquidity Management and local regulatory and statutory requirements.

4) Financial Control

- Ensure that the CB business complies with taxation, capital, regulatory and statutory accounting requirements.
- Ensure disciplines and principles from the Group Management Accounting manual and Group Accounting Policy Manual are consistently applied.

5) Project Management

- Ensure the accounting and evaluation of projects which are specific to the CB Value Centres are in accordance with Group and local guidelines and contribute fully to their implementation.
- Ensure that project accounting disciplines and tracking mechanisms ( including benefits tracking )are in place for all CB projects.


6) Operational Risk

- Ensure that CB finance related operational risk and identified, tracked and managed.

7) Others

- Undertake ad hoc projects and assignments as agreed with Line Manager and the Head of CB.

Qualifications & Skills
- B.Sc University degree (2:2 Minimum)
-MBA in Business, or Accounting or Professional Qualification.
- CIMA, CPA, ACCA or its equivalent plus with vast post qualification years experience, a good number of which should be in senior 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.
- Strong negotiation skills.
- Good communication and interpersonal skills.
- Team builder.
- In compliance with the National Youth Service Corps (NYSC) Act of 2004, all applicants should ensure that they have completed the mandatory NYSC programme. A discharge certificate will be required as evidence of completion of the programme. Where an exemption has been granted, a certificate of exemption will also be required.

Diversity & Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

How to Apply

To apply visit the link below, and enter as keyword ‘ Business Finance Lead’.

Click here for more details.