Job Summary

The role is part of the UK Finance department which is responsible for all financial 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 which is responsible for ensuring the completeness and accuracy of the legal entity books and records for the UK business.

Strategy
•    Supporting the Aspire programme as we move to a new General Ledger, using new systems and the move to Enhanced Financial reporting.
•    Helping to lead UK Country Finance’s contribution Corporate Plan and associated forward looking processes.
•    Run and enhance the FX reporting and daily sell down process.
•    Improving TP-GL controls

Business
•    Responsibility for the completeness and accuracy of the financial reporting of Standard Chartered Bank UK. 
•    Producing insightful IFRS Commentary and Performance Commentary on a monthly basis. Explaining movements in financial balances clearly and succinctly, demonstrating an understanding of the underlying drivers.
•    Business partner to Stressed Assets Group (‘SAG’), Credit Risk and Risk Finance.
•    Reporting to senior management including preparing quarterly results presentations to the CFO of Europe & Americas 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.

Key Responsibilities

Processes
Balance Sheet Substantiation & Control
•    Ensure necessary financial processes and controls are in place to ensure reporting of revenue, cost and balance-sheet is timely and accurate using the general ledgers as the primary source. 
•    Provide substantiation sign off for Finance owned accounts in FCApp
•    Ensure compliance with generally accepted accounting principles and practices, Group Accounting Manual and other regulatory accounting guidelines.
•    Assist in establishing and maintaining a standardised financial reporting and controls structure in the UK.
•    Challenging current practices and procedures and developing and implementing effective changes.
•    Approving Cross Border Recharges
•    Reviewing Daily Trial Balance variances produced by the Controllership team. Escalating where necessary. 
•    Partnering with the Controllership team and Operations to ensure the integrity of TP system flows into the General Ledger with minimal breaks or anomalies.

Financial Reporting (IFRS)
•    Applying Group accounting policies, standards, procedures and internal control practices. Specifically the application of IFRS9 in relation to Expected Credit Losses. 
•    Reviewing the preparation of ECL reporting by the Controllership team.
•    Fulfilling the requirements of the quarterly CFO attestation, including specific requirements on Expected Credit Loss provisioning (including obtaining sign off from SAG and Credit Risk).
•    Quarterly review and approval of IFRS captions for consolidation by Group Finance. Ensuring accurate and timely submissions of all BPC data meeting Group reporting requirements.
•    Monthly approval of journal entries to ensure the financial books & records are accurate and complete.
•    Liaising with both Internal and External auditors as necessary.
•    Any ad-hoc reporting/analysis for Group Finance or external regulators as necessary

Analytics & Commentary
•    The team takes responsibility for the performance reporting for all businesses outside of Markets and Treasury Capital, fulfilling the requirements of the CFO declaration.
•    IFRS commentary responsibilities include Net Interest Income, Fees, Transfer Pricing, Impairments and Tax. Balance sheet movements (exc Derivatives) are also in scope. 
•    CFO Commentary covering YoY movements, Performance commentary covering MTD and forecasting.
•    Partnering with Product Control, SAG and Credit Risk to fulfil commentary requirements. 

People & Talent
•    Working closely with Global Finance Services personal to deliver Financial Reporting, Group Reporting and Control.
•    Develop UK and Global Finance Services personnel 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.

Governance
•    Maintenance of Department Operating Instructions (DOIs)
•    Register and review any EUCs owned by the Financial Reporting team 
•    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.
•    Reporting in line with Department for Business, Innovation and Skills reporting requirements for Prompt Payment Code

Skills and Experience

•    Strong current theoretical and practical knowledge of IFRS and its implications on reporting.
•    Familiarity with Banking products, business lines and segmental reporting.
•    Working knowledge of IFRS 9 specifically in relation to Expected Credit Loss provisioning
•    Proven ability in financial and management accounting
•    Practical experience with banking reporting systems

Qualifications

Education    Qualified accountant

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 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
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

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 leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along 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.