Financial Controller Job Vacancy at Standard Chartered Bank
- Company: Standard Chartered Bank
- Location: Zambia
- State: Lusaka
- Job type: Full-Time
- Job category: Banking Jobs in Zambia
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It’s about showing how you embody our valued behaviours – do the right thing, better together and never settle – as well as our brand promise, Here for good.
We’re committed to promoting equality in the workplace and creating an inclusive and flexible culture – one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
• Ensure that an effective system of internal financial controls is established and maintained at all times in compliance with Group Financial Control policies.
• Ensure all financial/fiduciary reporting obligations, including subsidiary reporting, are met on time and to a high quality.
• Apply Group accounting policies, standards, procedures and internal control practices across all activities in the country.
• Support the management of the balance sheet and liquidity and interest rate risk through the ALCO process ensuring compliance with all Group and regulatory ratios and reporting requirements.
• Provide strong leadership to the Country Finance team, managing and developing the skills and careers of Finance professionals and building staff engagement through appropriate learning and development plans.
• Provide independent financial expertise, advice and challenge to the businesses and specialist functions.
• Involvement in the development and implementation of re-engineering initiatives impacting Country Finance functions in-country and in FSSC.
• Manage internal and external statutory audit requirements including rationale for accounting positions and analytical and risk reviews and forge a close and effective working relationship with the external auditors.
• Maintain an appropriate governance structure for the UK legal entities in coordination with Group Tax, Company Secretariat and Country Risk.
• Contribute to the management of the business as a member of the top management team.
• To provide the financial input for the formulation of the bank’s Strategic Plan.
• Initiate and co-ordinate the formulation of the annual operating plans and budgets and monitor progress towards their achievement, drawing attention to important trends, and to opportunities to maximise income, reduce cost and minimize risk.
• Ensure that the financial statements and returns prepared by the Finance Shared Service are in accordance with statutory, regulatory and other requirements, and in accordance with Group standards, procedures and timetables.
• Liaise with Finance Shared Service Manager in development and running the Bank’s financial and management information systems, recommending agreed variations for local use where relevant and necessary for implementation by Finance Shared Service Manager.
• Ensure the effective management of the business’s capital and balance sheet structures including funding, liquidity, currency and market risks etc;
• Complete Group tax reporting and ensure that the taxation affairs of he Bank are planned and managed so as to optimise the Group’s position.
• Maintain the highest professional financial management standards in the Bank.
• Improve the understanding of financial management issues by Business Unit/Segment Heads, Financial Managers and other Senior Managers within the Business.
• Monitor the operational and capital expenditure programmes to ensure adherence to budgeted limits.
• Support the Country Compliance Manager in interpreting, communicating and meeting local regulatory requirements.
• Keep up to date with local and international accounting developments through membership of professional bodies and contact with other members of the profession.
• Manage relationship with External Auditors including the negotiation of the scope of the audit, general liaison, the clearance of audit work and responding to and following up management letters.
• Monitor and decide on SLAs with the Finance Shared Service
• Agree the recharge methodology with the Finance Shared Service
• To ensure that Finance staff comply with applicable Group Control Standards and Local Regulatory Standards.
• Act as Unit Operational Risk Manager for the Finance Operatoins Unit
• To report Unit’s OR issues and losses to FORM
• To assist FORM in developing and updating of procedures, controls and monitoring plans for Operational Risk Management
• To adhere to the agreed Key Control Self Assessment (KCSA)plans and approach
• To identify and report all exceptions on non compliance with standard controls
• To identify and report all weaknesses inherent in the standard controls
• To maintain proper record keeping on all KCSA related activities
• To maintain independence in the conduct of KCSA, i.e. not selecting and reviewing sample of self-
performed transactions
Our Ideal Candidate
• Professional accounting qualification e.g. CIMA, ACCA and member of ZICA.
• Over 7 years experience in a senior financial management and administration position of a Bank or large commercial organisation.
• Thorough knowledge of IFRS Standards, Operations of financial services, good knowledge of banking products, and taxation.
• Broad understanding of banking practice.
• Strong working knowledge and experience in utilization of Information Technology in modern business.
• Good communications, interpersonal and leadership skills.
• Effective manager & developer of staff.
Apply now to join the Bank for those with big career ambitions.