Standard Chartered India | Financial Control - LEC Director

Responsibilities

• The role will be accountable for integrity and accuracy of financial reporting in accordance with IFRS and various other local statutory requirements.
• The role will manage Ledger close process and Financial Reporting for the entities and segment under its remit by working closely with Product Control, Operations, Country based finance teams and other functions.
• This role provides extensive exposure across the Business and diverse network of markets with opportunity to enhance control framework around Financial Reporting.
• The role will also have responsibility formulate and support right-shoring strategy for controller function under our Fit for Growth (FFG) program.
• To lead, inspire and motivate the teams ensuring that everyone achieves their potential and that the team delivers its collective agenda
• Partner with GFS Finance Controllers, Segmental CFO & Country CFO leadership teams to formulate and execute Right-shoring strategy.
• Collaborate with Product Control, Country Finance, and Finance leadership team to embed new controller Op Model, Control framework and process design.
• Design and implement team structure optimising core controllership processes and engagement to Country CFOs and Group Controllers teams.
• Partner with the GFS Finance Leadership team and Country CFOs to deliver a robust strategy to invest and grow talent / people Financial Control teams to enable delivery of operating model requirements.
• Work closely with Product Control, CFOs, Operations, and command centre to ensure Ledger closes in accordance with accounting standards and practices in timely manner.
• Perform Analytical review of IFRS Financials and disclosures to explain business drivers for Balance Sheet movement and ensure there are no material issues / errors.
• Ownership and governance over IFRS 9 related accounting, analytical reviews, and disclosures.
• Work closely with Credit risk, Business finance and modelling teams and establish strong controls.
• Develop strong understanding of firm’s accounting and governance policies and ensure compliance of same.
• Establish clear guidelines that will drive decisions around close acceleration.
• Ensure Primary and Secondary financial statements are prepared in accordance with statutory and regulatory requirements in timely manner.
• Support Group Financial and Local Statutory reporting for LE.
• Oversee Balance sheet substantiation process and remediate any risk and control issues.
• Create a business view of the balance sheet that is supported by the existing substantiation process.
• Manage key control forums at LE & Business segment level with appropriate KRI & KPI reporting with aim to monitor open items and its implications covering risks and audit issues.
• Collaborate with the Aspire change teams for upstream issue fixes to help resolve gaps.
• Work closely with business operations and tech teams to help drive a more comprehensive understanding of pending issues and closure of aged items.
• Partner with Country CFOs and Group Controller teams for timely review and attestation governance.
• Collaborate with key stakeholders to design and execute the Controller organisation covering onshore and offshore locations.
• Engage CFO’s and finance leadership in landing the Operating Model into GFS India and within countries.

Qualifications

• Qualified Chartered Accountant with 20+ years’ work experience in leading & managing Finance controller function.
• Strong financial control experience of Wealth, Retail and Corporate loans business and IFRS.
• Have a sound knowledge on the right-shoring model (preferably with a financial services background).
• Ability to work well under pressure, strong problem-solving skills and some hands-on operational experience.
• Strategic mindset with strong experience in implementation of strategic changes as well as knowledge of IFRS and standard accounting practices etc.
• Excellent business judgment, operational control management and risk assessment.
• Strong connect with business performance metrics and how it is enabled through good process discipline.
• Should have strong knowledge and understanding of data management, data quality and its linkage in driving business performance management.
• Good eye for detail and with a strong focus on controls and compliance to policies and procedures.
• Demonstrated experience of influencing decisions at senior leadership level.
• Strong stakeholder engagement skills and ability to work with cross cultural teams.
• Possesses skill to leverage interpersonal abilities to influence others and skilfully build credibility with stakeholders.
• Experience of working in a global organisation in a matrix environment.

Standard Chartered

Standard Chartered is an international banking group headquartered in London, with a strong focus on Asia, Africa and the Middle East. It was formed in 1969 through the merger of Standard Bank and The Chartered Bank.

Its Indian global business services centres hire finance professionals for financial control, stress testing, regulatory reporting, tax and risk roles.

• Industry: Banking and financial services
• Headquarters: London, UK
• In India: Present in India for over 150 years, with global business services centres in Bengaluru and Chennai