Job Summary

The Central PC Controls team is responsible for oversight of product and valuation control related to Trading and Banking activities, ensuring accuracy and integrity of Trading & Banking books, Profit and loss and compliance within regulatory requirements. This position requires strong technical and financial accounting background, particularly with expertise in investment banking product control and strong knowledge of financial product traded. This role requires to closely work with Business Line product controller across financial product such and Credit, FX, Rates, Commodities along with PC senior management team to deliver the objectives of the function.

Key Responsibilities

Business
•    Implements and enhances internal controls related to accounting, financial and management reporting for P&L and Balance Sheet reporting along with maintaining internal control documentation.
•    Providing P&L and Balance Sheet management reporting, variance commentary and insights to senior finance management.
•    Understand and contribute to the end- to- end control framework of the business and function.
•    Responsible for monitoring the interfaces between trade booking systems and general ledger accounting and regulatory reporting infrastructure are properly maintained and controlled. 
•    Responsible for the effective application of accounting and financial control policies and procedures for Global Financial Markets.
     Review and monitor financial risks inherent in the processes involving complex derivative and other traded products are identified and mitigated in a timely manner.

Processes
•    Prepare a proper Analytical review of the Balance Sheet including the funding strategy and major risk positions.
•    Liaison with the Asset class teams for detailed review of Daily Balance sheet movements.
•    Prepare and provide an insight to the management on various Balance sheet drivers and link the P&L with the Balance sheet movement
•    Work closely with the Asset class teams to Substantiate the Balance sheet and explain all the key risk items
•    Ensure appropriate controls and reviews are maintained for Daily P&L production, Core reconciliations, Month end close and BSS
•    Prepare Daily/monthly/quarterly balance sheet, with substantiation and potential financial exposure.
•    Prepare various reconciliation reports, management packs and adhoc reports.

•    Preparation of month end Journals for accrual, provision and true up.
•    Take responsibility for the quality of work submitted and ensure that the highest standards are maintained.
•    Identify/ manage risk and control breakdowns.
•    Develop & maintain effective and standard processes. Maintain KOP's/DI's.
•    Support change project initiatives and conduct User Acceptance Testing for enhancements to current systems or migration to new system

Strategic Initiatives 
•    Takes ownership and play a vital role in the implementation of global finance and product control strategies and transformation initiatives.
•    Leading implementation of new systems (Aspire, SAP implementation, RAH and Cascade decommission) and process including requirement gathering, testing, and reporting.

People and Talent
•    To manage, inspire and motivate the FM product and valuation control teams ensuring that everyone achieves their potential and that the team delivers its collective agenda.
•    Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the team and work in collaboration with risk and control partners across the organization.
•    Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably 
     skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
•    Employ, engage and retain high quality people, with succession planning for critical roles.
•    Responsibility to review team structure/capacity plans.
•    Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.

Risk Management 
•    Ensure adherence of appropriate policies and procedures for accounting, management and financial reporting integrity of P&l and Balance sheet of all trading desk.
•    Responsible for reviewing and monitoring a robust control environment in respect of daily P&L reporting, P&L attribution and balance sheet substantiation.

Governance
•    Ensuring alignment with global policies, accounting standard (eg IFRS 9) and EUC reporting, validation, and documentation. 
•    Responsible for continuous process improvement and ensuring adherence to governance, risk and control standards.
•    Responsible for monitoring control frameworks for Markets and Baking product control activities to ensure Balance Sheet and P&L Integrity.
•    Responsible for collaborating closely with multiple teams such operations, audit and regulatory reporting teams supporting all PC related queries, questionnaires, and audits.

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
•    GBS Management team
•    Business desks
•    Group Infrastructure and change management.
•     Associated Technology partners

Other Responsibilities
•   This role is strategic and requires strong leadership to support product control globally while ensuring regulatory and internal 
    control compliance. Its involves critical financial control task aligned with SCB global standards.

Skills and Experience

•    Accounting rules
•    Control mind-set
•    Quantitative reasoning skills
•    Product knowledge
•    Interpersonal and communication skill
•    Leadership qualities

Qualifications

•    CA/CFA/MBA degree or higher in Finance and Accounting.
•    4-6 years within Product Control, Financial Control, Accounting, or related area.
•    Proficient working with complex data, especially associated with trading activities.
•    Advanced desktop skills in MS Office products, especially MS Excel and MS Access and tools like Tableau and Power BI.
•    Strong analytical skills and attention to detail including a strong control focus.
•    Excellent communication skills and ability to develop strong working relationships across team.
•    People management experience and a track record of developing individuals and building a team.

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.