Country Chief Financial Officer – Standard Chartered Bank

Job Purpose

1. To apply insight and understanding to the financial performance of the Bank and to contribute to the strategic and day to day commercial decision making process.
2. To ensure that all matters relating to financial accounting, management accounting, taxation, balance sheet and capital structure management, market risk analysis and management and regulatory reporting are undertaken in accordance with Generally Accepted Accounting Principals, the groups accounting policies and other regulatory guidelines.
3. Provide guidance to Property and Supply Chain functions
4. To ensure that the finance Hub delivers in accordance with the service level agreement.

Key Responsibilities

Strategy

1. Contribute to the management of the business as a member of the top management team.
2. Maintain the highest professional financial management standards in the Bank.
3. Support the CEO in interpreting, communicating and meeting local regulatory requirements.
4. Contribute in the management of the bank’s assets and liabilities and the management of risk during Management Committee, Asset and Liability Committee (ALCO) , Country Operational Risk Committee (CORC), Board and Board Committee meetings
5. To provide the financial input for the formulation of the bank’s Strategic Plan.

People and Talent

6. Lead, motivate, and develop staff in the Finance Division.
Budgets and Forecasts
7. 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 minimise risk.
8. Monitor the operational and capital expenditure programmes to ensure adherence to budgeted limits.

Balance Sheet Management

9. Ensure the effective management of the business’s capital and balance sheet structures including funding, liquidity, currency and market risks etc
Audit and Controls
10. 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.
Business Partnering
11. Provide support to the Business Unit / Segment heads in the formulation of marketing plans, budgets, business development, product development and the analysis of the operational business trends for the achievement of overall plans and objectives.
12. Improve the understanding of financial management issues by Business Unit/Segment Heads, Financial Managers and other Senior Managers within the Business.

Tax

13. Ensure that the taxation affairs of the Bank are planned and managed so as to optimise the Group’s position.

Technical Knowledge

14. Keep in touch with local, UK and international accounting developments through membership of professional bodies and contact with other members of the profession.
15. To ensure that Finance Staff comply with applicable Group Control Standards and Local Regulatory Standards.
Global Finance Services (GFS)

16. Ensure that the financial statements and returns prepared by the Hub are in accordance with statutory, regulatory and other requirements, and in accordance with group standards, procedures and timetables.
17. Liaise with Hub Manager in the development and running of the Bank’s financial and management information systems, recommending agreed variations for local use where relevant and necessary for implementation by Hub Manager.

18. Monitor and decide on SLAs with the hub; agree the recharge methodology.

Project Management

19. Evaluate local projects in accordance with Group guidelines, including material business issues (e.g. pricing, the acquisition or disposal of investments and assets) and contribute fully to their implementation. Conduct health check and post implementation reviews.
20. Analysis and sign-off on all project approval requests.
Property and Supply Chain
21. To provide strategic guidance to the Property and Supply Chain functions to ensure efficiency in procurement and utilization, whilst also providing guidance to the rest of the units in the two sections
AML
22. Ensure vigilance in relation to the risk of money laundering and assist in the Bank’s efforts in combating it
Safety, Health and Environment (SHE)

23. Ensure all Employees (FTE and NEW) complete mandatory H&S training; receive adequate information, instructions and supervision H&S, so they can discharge their H&S related responsibilities appropriately
24. Provision of appropriate fire wardens and first aiders for their department in accordance with H&S standards;
25. Relevant risk assessments are completed and identified risks are mitigated
26. Championing the behavioral and cultural approach to H&S
27. Reviewing the effectiveness of the country H&S environment using the guidance in the Group H&S Governance and Assurance Standard.
28. Challenging appropriately and endorsing the Country H&S Management System including the H&S Action Plan as defined in the H&S Standards.

Code of Conduct
29. Provide leadership in Finance to comply with the highest standards of regulatory and business conduct and practices as defined by internal and external requirements. Understand and ensure compliance with, in letter and spirit, all applicable laws, regulations and guidelines including those governing securities activities, company law, anti-money laundering, terrorist financing and sanctions; the Group’s policies and procedures; and the Group Code of Conduct. Take personal responsibility for understanding the risk and compliance requirements of the role. Effectively and collaboratively identify, escalate, mitigate and resolve risk and compliance matters.
30. Embed the Group’s Values and Group Code of Conduct to ensure adherence with the highest standards of ethics. Comply with relevant policies, processes and regulations, as part of the culture. Lead by example by displaying exemplary conduct behaviours and take personal responsibility for:
30.1. the conduct of individuals in Finance by ensuring behaviours set out in the Group Code of Conduct are followed.
30.2. Finance achieving the outcomes set out in the Conduct Principles and Pillars.
30.3. both direct and indirect/dotted line managers are individually accountable to proactively communicate, collaborate and agree on the conduct ratings of employees.

Risk Management

31. Exercise Risk Control Ownership for Structural Liquidity and Capital Risk types as specified in the Risk Management Framework (RMF) for Botswana
31.1. Ensure the effective application of risk identification, measurement and modeling capabilities which are objective, consistent and compliant with Group standards and local regulations.
31.2. Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and Business-level committees as appropriate
31.3. Assign risk authorities to suitable named individuals in line with their skills and judgment
31.4. Maintain an effective communication of risk control parameters, including policies, control standards, risk exposure limits and other control levers in order to comply with local regulations and practices and ensure that the bank’s risk profile for these risk types is consistent with the overall risk appetite set by the Board
31.5. Obtain assurance regarding effectiveness of controls and compliance with applicable laws and regulations
32. Assume the role and responsibilities of a Risk Owner for Botswana for the following Operational Risk risk sub-types as specified within the Operational Risk Framework and the Financial Controls Policy;

1. Prudential Standards – Capital 2. Tax
3. Prudential Standards – Liquidity 4. Regulatory Reporting
5. Accounting and Financial Reporting 6. Prudential Standards – Recovery and Resolution

33. Assume responsibilities for approval of risk assessment as a Risk Owner for the Operational Risk subtypes specified in section 5.32 above and as set out in Authorities for Operational Risk Assessment & Acceptance Policy.

Experience/Knowledge Required

1. A first degree in any discipline plus professional qualifications in accounting e.g. CA, ACCA, CIMA, etc
2. At least ten years post-qualification work experience in a finance function of a commercial bank(s).
3. Thorough knowledge of generally accepted accounting principles, taxation, and exchange control legislation.
4. Broad understanding of banking practice.
5. Superior knowledge and experience in utilization of Information Technology in modern business.
6. Ability to work under pressure to tight deadlines and deliver high quality output;
7. Excellent interpersonal skills, with the ability to communicate and challenge at all levels both verbal and written (report and guideline writing);
8. Lateral thinker with ability to use own initiative;
9. Effective leader, manager and developer of staff.

Key Roles and Responsibilities
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Qualifications and Skills
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Diversity and Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

 

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