Short Description

The role is part of the SCB AG Finance department which is responsible for all financial and management reporting for the Continental Europe region (covering Germany, France, Sweden and Poland), including supporting the various business heads, the local CEOs and all the Group functions and business teams across our Global footprint to understand, manage and drive complex business and operations. This person will be responsible for ensuring the smooth functioning of reporting and controls across Markets and Treasury products in accordance with policy guidelines and supporting on other products as needed.  Alongside the business responsibilities, the right candidate will provide continuous contributions towards improvements in processes, controls and documentation through implementation of new systems or automations, elimination of non-value-added work and streamlining of functional procedures.

Key Responsibilities

• Collaborate with the business on new product development to build the product inventory – creating and updating the Local Product Programmes for Finance, including documenting the accounting treatment for new products under IFRS and HGB with input from the HGB Accounting and Reporting Lead as needed
• Provide financial commentaries and analysis on business performance for CFO, Management Board and Supervisory board on both a monthly and ad hoc basis
• Run local entity oversight of group product control (PC) team processes and with Expert-Valuation Control role expertise the associated valuation control (VC) team processes
• Perform local requirements related to PC / VC processes, such as explaining Value at Risk backtesting results or trading P&L commentaries
• Understand and document trade capture and risk systems and associated controls to assess downstream implications to P&L and balance sheet
• Perform substantiation of balance based on reconciliations including identification of any risk
• Regular interaction with the offshore team who produce reporting and key reconciliations
• Analyses and resolves common and complex reconciliation problems including suspense and transaction processing to ledger reconciliations and clearance
• Execute and have responsibility for controls over Transfer Pricing within the SCB group and reporting on Transfer Pricing outcomes
• Hedge documentation review and approval
• Perform testing for new trade types and user acceptance testing (UAT) for new systems
• Respond to queries from various stakeholders related to Markets and Treasury products and support on amended Markets and Treasury product structures
• Create and / or review and approve journals as needed
• Support on the audit requests and other requests sent by regulators, internal and external auditors
• Presentation of financial information to Directors and the Supervisory Board

Skills and Experience

• Bachelors or Master’s degree with significant training and experience in Product Accounting and/ or Product Control in Banking including Financial Markets
• Experience in working with key stakeholders across business functions and externally, including auditors and regulators
• Training and experience in accounting under IFRS
• Training and experience in accounting under German GAAP  would be a strong advantage
• Training in IT and /or coding would be a strong advantage  
• Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviours
• Knowledge of functions, features and capabilities of financial and accounting systems; ability to use financial and accounting applications specific to the organization
• Knowledge of and ability to use processes, tools, and techniques for exploring and evaluating alternative financial scenarios and results
• Knowledge of the processes, customs, policies, and rules affecting the way the organization is administered and controlled; ability to ensure compliance with same

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.