Standard Chartered Bank Job Vacancy : Head, Finance, Retail Clients & Products Africa
February 18, 2015 Job Description



Job Description


• Contribute to the financial dimensions of the strategic direction of the Retail Clients & Products and Wealth Management business• Contribute to the right balance of growth, profitability and control of the RC business by:
 Providing Senior Retail Client management and Team Heads with frequent, complete, accurate, timely and valid information as to the performance of the Retail Clients business on a monthly basis;
 Managing the processes and systems for formulating and evaluating business strategies/performance including planning, forecasting and budgeting, advanced analysis of financial data and product and segment profitability;
 Focusing on design, development, implementation, control and maintenance of financial management performance processes within RC;
 Liaising with the business in preparing a comprehensive budget and forecasts.

• All country Retail Clients finance issues
• Build on key team coherence to deliver on performance objectives.
• Actively support the co-pilot agenda of RC Finance of value protection, value promotion, value for money and standardisation.

• Drive Controls by:
 Assisting CFO and FORM in coordinating, driving and directing effective compliance and operational risk management at the Business Unit level.
 Implement controls within the Business Unit to meet all regulatory and internal requirements.
 Ensure proper functioning of day-to-day controls, periodic monitoring of activities and timely resolution of risk issues.


Key Roles & Responsibilities


Business PartneringEstablishment of Business Partnership with Retail Clients (RC) business through:

 Proactive and forward looking strategic planning, forecasting and budgeting, advanced analysis of financial data and product/segment profitability.
• Participate in preparation of launch of new products to ensure the financial aspects, in particular accounting and pricing, are appropriately considered;
• Liaise with RC in preparing annual financial budget and monthly forecasts to ensure they are in line with the strategic direction of the business.
• Management of business P&L & Control of financial processes (costs/revenue recognition and management, and cost/benefit analysis).

 Analysis of business performance against forecast and budget and highlighting variances on a monthly basis.
• Set and monitor financial performance measures (e.g. cost income ratios, product margins, retention rates)
• Provide advice to General Managers on the management of business P&L and control of financial processes (costs/revenue recognition and management, preparation of PARs and cost/benefit analysis)

 Providing in-depth analysis of product and segment profitability along with analysis of new product proposals.
• Analysis of the product mix against corporate guidelines (e.g.RIWAC, Cost/Income Ratio)

 Monitoring the costs of the Retail Clients business.
• Control and monitor operating expenses, capital expenditure, project investments against set targets
• Identify and highlight to Senior Management the key risks in expenditures.


 Playing a supportive role in the formulation and execution of RC related communications to third parties including GFD, auditors, business partners, Chief Executive Officer, Group Executive Directors and other Senior Managers within the bank. Such communications will happen during Performance reviews, half year and full year planning cycles.

Reporting
Ensure prompt and accurate management and financial reporting by
 Liaising with Management Reporting Unit to accurately report the Retail Clients monthly performance at both product and customer segment levels and ensure they are submitted within ARO and Group deadlines.
 The consistent application of FTP and cost allocation methodologies in line with applicable policies.
 Developing and implementing comprehensive financial reporting documents for the Value Centre General Managers.
 Preparing mid-month flash of RCs monthly profit and loss projection
 Running monthly natural balances in error positions for investigation as part of the Trial Balance review process.
 Investigating unusual movement in the monthly P&L trend

Management Control
 Ensure the proper application of accounting principles and disciplines from the Group Management Accounting manual.

Co-Pilot Agenda
 Champion the four pillars of RC Finance aimed at crystallizing value creation, value protection, value for money and standardization initiatives in the co-pilot journey.

Controls
Ensure controls are robust within the function by:
 Reporting the Unit’s OR issues and losses to FORG
 Assisting FORM in developing and updating of procedures, controls and monitoring plans for Operational Risk Management
 Acting as UORM Coordinator for the Unit
 Adhering to the agreed KCSA plans and approach
 Identifying and reporting all exceptions on non compliance with standard controls
 Identifying and reporting all weaknesses inherent in the standard controls
 Maintaining proper record keeping on all KCSA related activities
 Maintaining independence in the conduct of KCSA, i.e. not selecting and reviewing sample of self-performed transactions

Other
 Other assignments/projects as agreed with CFO.

Qualifications & Skills

• MBA in Business, or Accounting or Professional Qualification – CIMA, CPA, ACCA or its equivalent plus at least five 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
• Sound knowledge of Generally Accepted Accounting Principles and Group Accounting Policy
• High level of computer literacy is required.

How to Apply

Submit your CV and Application online : Click Here