Standard Chartered Bank Head of Finance, Retail Clients, Products and Wealth Management Job Vacancy in Ghana

Job
Description

Contribute to the financial dimensions of the strategic direction of the
Retail Clients & Products and Wealth Management business
• Contribute to the right balance of growth, profitability and control of the
RC business by:
 Providing Senior Retail Client
management and Team Heads with
Ø frequent,
complete, accurate, timely and valid information as to the performance of the
Retail Clients business on a monthly basis;
 Managing the processes and systems for
formulating and evaluating
Ø business
strategies/performance including planning, forecasting and budgeting,
advanced analysis of financial data and product and segment profitability;


 Focusing on design, development,
implementation, control andØ maintenance of
financial management performance processes within RC;
 Liaising with the business in preparing
a comprehensive budget and forecasts.
Ø
• All country Retail Clients finance issues
• Build on key team coherence to deliver on performance objectives.
• Actively support the co-pilot agenda of RC Finance of value protection,
value promotion, value for money and standardisation.
• Drive Controls by:
 Assisting CFO and FORM in
coordinating, driving and directing
Ø effective
compliance and operational risk management at the Business Unit level.

 Implement controls within the Business Unit
to meet all regulatory and internal requirements.
Ø
 Ensure proper functioning of day-to-day
controls, periodic monitoring of activities and timely resolution of risk
issues.
Ø
KEY
RESPONSIBILITIES
Business Partnering
Establishment
of Business Partnership with Retail Clients (RC) business through:
 Proactive and forward looking strategic
planning, forecasting and
Ø budgeting,
advanced analysis of financial data and product/segment profitability.
• Participate in preparation of launch of new products to ensure the
financial aspects, in particular accounting and pricing, are appropriately
considered;
• Liaise with RC in preparing annual financial budget and monthly forecasts
to ensure they are in line with the strategic direction of the business.
• Management of business P&L & Control of financial processes
(costs/revenue recognition and management, and cost/benefit analysis).
 Analysis of business performance against
forecast and budget and highlighting variances on a monthly basis.
Ø
• Set and monitor financial performance measures (e.g. cost income ratios,
product margins, retention rates)
• Provide advice to General Managers on the management of business P&L
and control of financial processes (costs/revenue recognition and management,
preparation of PARs and cost/benefit analysis)
 Providing in-depth analysis of product and
segment profitability along with analysis of new product proposals.
Ø
• Analysis of the product mix against corporate guidelines (e.g.RIWAC,
Cost/Income Ratio)
 Monitoring the costs of the Retail Clients
business.
Ø
• Control and monitor operating expenses, capital expenditure, project
investments against set targets
• Identify and highlight to Senior Management the key risks in expenditures.
 Playing a supportive role in the formulation
and execution of RC
Ø related
communications to third parties including GFD, auditors, business partners,
Chief Executive Officer, Group Executive Directors and other Senior Managers
within the bank. Such communications will happen during Performance reviews,
half year and full year planning cycles.
Reporting
Ensure prompt and accurate management and financial reporting by
 Liaising with Management Reporting
Unit to accurately report the
Ø Retail Clients
monthly performance at both product and customer segment levels and ensure
they are submitted within ARO and Group deadlines.
 The consistent application of FTP and
cost allocation methodologies in line with applicable policies.
Ø
 Developing and implementing
comprehensive financial reporting documents for the Value Centre General
Managers.
Ø
 Preparing mid-month flash of RCs
monthly profit and loss projection
Ø
 Running monthly natural balances in
error positions for investigation as part of the Trial Balance review
process.
Ø
 Investigating unusual movement in the
monthly P
Ø&L
trend
Management
Control
 Ensure the proper application of
accounting principles and disciplines from the Group Management Accounting
manual.
Ø
Co-Pilot
Agenda
 Champion the four pillars of RC
Finance aimed at crystallizing value
Ø creation, value
protection, value for money and standardization initiatives in the co-pilot
journey.
Controls
Ensure controls are robust within the function by:
 Reporting the Unit’s OR issues and
losses to FORG
Ø
 Assisting FORM in developing and
updating of procedures, controls and monitoring plans for Operational Risk
Management
Ø
 Acting as UORM Coordinator for the
Unit
Ø
 Adhering to the agreed KCSA plans and
approach
Ø
 Identifying and reporting all
exceptions on non compliance with standard controls
Ø
 Identifying and reporting all
weaknesses inherent in the standard controls
Ø
 Maintaining proper record keeping on
all KCSA related activities
Ø
 Maintaining independence in the
conduct of KCSA, i.e. not selecting and reviewing sample of self-performed
transactions
Ø
Other
 Other assignments/projects as agreed
with CFO.
Ø
KEY
RELATIONSHIPS INTERNAL & EXTERNAL
Internal
• Head of Retail Clients Ghana, Gambia and Sierra Leone
• In-country Business Partners
• Financial Control and Support Unit
• FSSCW
• FSSCCBMESA Reporting Team External
• Other ARO Partners
CONTRIBUTES
TO
• The strategic direction planning and performance of Retail Clients.
AUTHORITIES
• Approval of invoices-limit of USD 5k
• Signatory to payment instructions to GTO/Branch
KEY
PERFORMANCE INDICATIONS
• Co-pilot the business in delivering and/or exceeding targets
• Timeliness and quality of forward looking advisory services to business
• Budget and forecast schedules compiled, agreed and submitted within
stipulated time
• Level/quality of automated reports
• Budget /variance reports distributed to Heads of segments and products
within agreed time scale
• Quality and timeliness of reports disseminated to Heads of segments and
products
• Level of queries/corrections to submitted reports
• Timely preparation of PARs and monitoring thereof
• Timely preparation and distribution of competitor analysis and other
strategic reports
• Robust control framework within the function
• Acceptable audit grade
EXPERIENCE/
KNOWLEDGE REQUIRED
• MBA in Business, or Accounting or Professional Qualification – CIMA, CPA,
ACCA or its equivalent plus at least five years experience in a middle
management position with relevant / specific banking experience
• High level of computer literacy and understanding of business computing
environments
• Knowledge of the banking practice and products
• Strong knowledge in Management Accounting principles
• Strong analytical skills and an eye for detail
• Good communication and interpersonal skills
• Team builder
• Sound knowledge of Generally Accepted Accounting Principles and Group
Accounting Policy
• High level of computer literacy is required.
COMPLEXITY/
JUDGEMENT
• Superior levels of judgement are required to assess the impact of business
activities on performance, to identify trends early enough to enable
effective remedial action to be taken and to facilitate clear understanding
of the financial impact of decisions by the segments and products Heads
• Integrity and sometimes courage to challenge the actions of peers
• Judgement is called for in determining variables for use in budgeting and
financial evaluation of business deals and transactions
• Contribute significantly to the professional management of the Business
Support function and in the day to day performance of Business Divisions
• Follow up and monitoring of Customer and Product performance
• Value for money review of projects
FREEDOM
OF DECISION MAKING
• To advise the business on the financial implications of decisions taken
• Provide forward looking analyses and impact of regulations, competition and
policy changes to the business and the CFO
• To recommend improvements on systems, procedures and report formats to
enhance understanding of financial dynamics of the business.
How
to Apply
Submit
your CV and Application online
: Click Here

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