New Opportunities at Standard Chartered Bank

Job Summary:

• This role will be responsible for implementation of Aspire Finance projects relating to SAP GL (S/4), Sub-Ledger (FPSL) and peripheral systems to be connected to SAP GL for Cluster in AME. 
• This covers the full spectrum activities pertaining to GL, sub-ledger and peripheral systems starting from working with Global teams on implementation strategy, impact analysis, UATs, testing, sign off, migration, go live and post go-live BAU embedding.
• The work would entail planning and execution for downstream systems such as IFIS / IDS and any other system as well, impacting regulatory reporting.
• This would require close working relationship with Finance teams (onshore and GBS) and Group Aspire team for entire project life cycle of Finance GL, sub-ledger and peripheral systems - in understanding the existing system design, information flow, data requirements etc. till training of onshore Finance resources on the new Finance Systems and handover for BAU use/reporting.
• The candidate should be a subject matter expert in certain areas (Finance systems, financial accounting, system migrations, regulatory & financial reporting) in order to support and drive the related reporting process with the help of his / her peers in the team and the offshore support team. 
• The candidate should be one of the key liaison members interacting with stakeholders within and outside Finance to provide advice and articulation of financial and regulatory reporting requirements.
• Drive change management for the implementation of the Aspire and SCB group infrastructure projects for the cluster.
• The candidate will also be requested to support the implementation on regulatory projects ranging from BCBS239 to Basel 3.1 implementation base on the current Book of Work. 

Responsibilities:

The candidate is expected to play a central role in delivering the following:

• Project support role will be mainly focused on project management aspects involving tracking action points and meeting milestones, preparing regular updates and MIS to key stakeholders, and in partnership with Change Lead to aid with the design and implementation of the areas prioritised initiatives.
• Closely coordinate and work with Regional Change Champion.
• Project support role will coordinate with countries in cluster, act as a central Point of Contact for Cluster.
• Collate the ask from the countries in cluster in terms of Critical Data Elements, Reporting Requirements and share with Aspire Delivery Team.
• Project support role will also include data gathering, validation and conduct testing for underlying change initiatives.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk and impediments in relation to project support role.
• Ensuring deliverables are of the desired quality and have appropriate endorsements/ signoffs and ensure accuracy of rules/logic migration from current systems to destination systems.
• Responsible for summarising country issues/asks and presenting to senior stakeholders in Country/Cluster/Region/group. Driving the same for closure and implementation as well. 
• Have an understanding of Group’s financial and regulatory reporting policies and reporting requirements with the support from peer teammate and the offshore hub.
• Assist in addressing issues / queries raised by management, regulator, internal stakeholders, internal/ external auditors
• Assist with ad-hoc regulatory change delivery. Including project management, system implementation testing and change delivery. 

Regulatory and 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:

• CFO Cluster & Country
• Head, Financial and Regulatory Reporting
• Head Balance Sheet Management and Capital
• Change/Aspire Project Delivery
• Other Finance and Risk Functions

Qualifications:

• Masters or equivalent, in Finance or information systems or Qualified accountant with relevant working experience in Finance/change management in banks.
• Hands-on knowledge in Finance systems implementations, GL set-up, and chart of accounts design and interfaces for transaction processing systems to GL and downstream systems for Regulatory Reporting/ MIS generation.
• Ability to work in an organized way, multi-tasking, prioritizing, and managing data to meet tight deadlines.
• Strong analytical skills and data skills.
• Strong communication and interpersonal skills, able to convey complex messages quickly and succinctly to stakeholders with confidence.
• High levels of drive and resilience along with attention to detail.

Role Specific Technical Competencies:

• Project and Data Management
• Finance systems architecture
• IFRS
• Financial Controls
• Regulatory banking returns / regulatory reporting
• Capital calculations
• Liquidity Reporting 

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JOB SUMMARY:

• To play an integral role in the M&A team providing quantitative and analytical support for mergers, acquisitions, capital raisings and other financial advisory services. 
• To work closely with senior team members (Associate Directors, Directors, Executive Directors and Managing Directors) during all stages of the transaction to develop both the execution and client skills required to be an effective senior banker. 

RESPONSIBILITIES:

Strategy:

• Support overall strategy for the M&A business in Africa.

Business:

• Analysing opportunities, structuring transactions and preparation of pitch books.
• Manage and review the work of third-party due diligence providers (e.g. financial and legal).
• Idea generation (intra-regionally and cross-border in conjunction with other M&A offices).
• Build detailed financial models to value debt and equity for mergers, acquisitions, and capital raising transactions.
• Perform financial as well as valuation analysis based on various valuation methodologies including comparable companies’ analysis, precedent transaction analysis, and DCF.
• Assist in developing recommendations for private equity transactions, mergers and acquisitions and valuations.
• Assist in the preparation, review and presentation of materials used in providing advisory services to clients, including teasers, information memoranda, management presentations.
• Participate in all stages of transaction execution from pitch phase through to closing.
• Perform research, analysis, and documentation of live transactions.
• Prepare presentation materials for use in client meetings, covering topics such as strategic alternatives, capital markets activity and general corporate finance.
• Involved in day-to-day project management and execution.
• Affinity for current events, critical issues, and relevant news.

Processes:

• Responsibility is the first line of defence. 
• Understanding of and adherence to the standard procedures and policies related the execution of M&A transactions.

People & Talent:

• Lead by example and build the appropriate culture and values.

Risk Management:

• Ensure compliance with country-level Portfolio Standards, Underwriting Standards, PPGs, LMG.
• Identify any key risks and escalate to line manager or to other stakeholders, where appropriate.

Governance:

• Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
• Take individual responsibility to ensure risk-taking is disciplined and focused.

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:

• Global & Regional Head of M&A 
• M&A Management Team
• Industry Coverage teams
• Client Coverage teams 
• Legal & Compliance

Other Responsibilities:

• Embed Here for good and Group’s brand and values in Africa M&A Team. 

Our Ideal Candidate:

Education: 

• Degree in Finance, Business Administration, Accountancy or equivalent

Professional Qualifications: 

• 3 years or more of relevant work experience in M&A or related business
• CFA qualification would be an advantage for non MBA holders

Key Skills:

• Excellent communication and interpersonal skills to interact with clients and all levels in the organization 
• Strong demonstration of financial modelling and valuation skills
• Strong written and verbal communication capabilities 
• Strong work ethic, with ability to multi-task and work independently with minimal supervision
• Ability to organize and track overlapping tasks and assignments, with frequent priority changes 
• Proven proficiency in Microsoft Office products, especially Excel and Power Point
• Impeccable research, quantitative, analytical and creative problem-solving skills, especially in explaining market events
• Experience preparing pitch books, deal documentation and valuation materials 
• Knowledge of general accounting and finance principles
• Ability to work in a fast-paced, team-based environment with minimal supervision
• Working knowledge of deal structuring and closing principles
• Strong communication and networking skills

Role Specific Technical Competencies:

• Compliance – Governance, Oversight and Control
• Risk Management - Operational
• Business – Strategy and Model
• Business – Market Knowledge
• Strategy – Defining Strategy
• Strategy – Mergers and Acquisitions Management

go to method of application »

JOB SUMMARY:

The Regulatory Change Lead will implement regulatory change management incorporating process automation and direct the RDARR compliance for Country Finance. Key deliverables are:

• Compliance with Prudential Authority (PA) rules, regulations and directives for Bank supervision and reporting is achieved.
• Drive automation with Global Finance Services.
• Implementation of Risk Data Aggregation and Risk Reporting for Finance. 

RESPONSIBILITIES:

Business:

RDARR:

• Analysis of the Group’s BCBS239 requirements against South Africa’s current state regarding Governance, Risk Reporting, Data Documentation, Data Quality and Infrastructure.
• Lead initiatives in Finance relating to process and governance for risk reporting.
• Review of risk data aggregation and reporting process and documentation to ensure alignment with BCBS 239 principles.
• Lead the annual self-assessment exercise for BCBS 239 to be in line with the Group and local approach and timelines.
• Ensure all high-quality evidence of compliance (EoC) for BCBS 239 are produced in a timely manner to support compliance assessment.
• Work closely with upstream business functions to ensure that upstream data flows are being documented.
• Assess the materiality of the upstream business functions in terms of the in-scope data flows.
• Escalate, where appropriate, to relevant business functions when material delivery is impacting regulatory or business commitments.
• Run automation project for daily, monthly, quarterly, semi-annual and annual BA returns in adherence to the prescriptions in the regulations. Long term automation scope would include Pillar 3. 
• Prepare the Finance Regulatory Remediation programme.
• Prepare updates for the Finance and Non-Financial Risk Committees on compliance and implementation of Data Governance.
• Represent Finance in Data Quality Governance forums for all relevant Finance Processes (where material Data Quality Risk is identified).
• Present updates into the Finance Regulatory Remediation Programme on progress against the overall Data governance Plan.
• Provide consolidated updates into BCBS239 Programme and Non-Financial Risk Committees.

Regulatory Change:

• This role will assist with the implementation of Basel 3.1 reform, participating in the BCRS testing cycles. Analyze the results and provide justification for discrepancies. 
• Assist with the Business-as-Usual implementation of Basel 3.1 working to embed expertise via adding other business functions for upstream and downstream impact. 
• Drive development of the additional regulatory projects for example the BA900 and other requirements.
• Assist with the Pillar 3 disclosure change to align with the Basel 3.1 reform. 
• Assist with the implementation of the new Umoja Project to facilitate new submission platform change. 
• Management of new End User Computing Requirements and governance requirements relating to the new Basel 3.1 reform. 

Processes:

RDARR:

• Lead the initiatives for adopting Data Quality Management (DQM) standards and Data Quality (DQ) controls into risk reporting.
• Ensure integrity and quality of DQM Framework artefacts produced by Finance.
• Track and monitor upstream and downstream dependencies working with the relevant Data forums and Non-Financial Risk Committee (NFRC).
• Ensure data control weaknesses, incorrect data sources and material data quality issues are quantified, measured and tracked to resolution.
• Identify and raise data quality issues arising on the Risk Reporting platform or database and ensure its appropriate management and resolution in a timely manner.
• Review of period Data Quality dashboards and issues list to resolve Finance data quality issues.
• Provide strategic support and leadership to achieve the ICS BCBS239 project objectives.
• Define and Maintain the Finance Business Glossary.

Regulatory change:

• Collate the ask from a South Africa perspective in terms of Critical Data Elements, Reporting Requirements and share with Aspire Delivery Team and Basel 3.1 Project roll out team.
• Project support role will also include data gathering, validation and conduct testing for underlying change initiatives for both Aspire and Basel 3.1.
• Work with different stakeholders to continuously improve process controls and efficiency of delivery of services and Updating DOI for BAU landing of Basel 3.1.

People & Talent:

• Develop training and awareness programme for Data governance across the Finance team.
• Build knowledge in the Finance team to run and manage the Data Governance Process.
• Develop training initiative for SQL training. 

Risk Management:

• Report any potential operational risks. 
• Identify and report all exceptions on non-compliance with standard controls.
• Identify and report all weaknesses inherent in the standard controls.
• Assist in reconciling finance owned accounts and provide evidence to Financial Controls Manager.
• Contribute to the establishment of technical expertise/ knowledge base for operating control assessment.
• Provide insight and guidance on the interpretation of reported exceptions/analytics outputs so that appropriate actions can be taken by the Finance function.
• Ensure compliance with relevant operational risk controls for the Finance Reporting Process.
• Comply with Group’s data standards and information security policies.
• Manage and track declared internal and external milestones and provide accurate and transparent status updates. 

Process – Infrastructure Management:

• Review infrastructure adequacy for Risk reporting in normal and crisis situations and propose initiatives to address any identified gaps.
• Maintain EUC and manual intervention register involving critical risk data.
• Documentation of Business Impact Analysis (BIA) and Department Business Continuity Plans (BCP) for Finance Risk reporting business unit.
• Adoption and usage Group standard tools report distribution and metadata management.

Process – Data Quality and Data Documentation:

• Lead the initiatives for adopting Data Quality Management (DQM) standards and Data Quality (DQ) controls into risk reporting.
• Ensure integrity and quality of DQM Framework artefacts produced by Finance.
• Track and monitor upstream and downstream dependencies working with the relevant Data forums and Non-Financial Risk Committee (NFRC).
• Ensure data control weaknesses, incorrect data sources and material data quality issues are quantified, measured and tracked to resolution.
• Identify and raise data quality issues arising on the Risk Reporting platform or database and ensure its appropriate management and resolution in a timely manner.
• Review of period Data Quality dashboards and issues list to resolve Finance data quality issues.
• Provide strategic support and leadership to achieve the ICS BCBS239 project objectives.
• Define and Maintain the Finance Business Glossary

Governance:

• Present updates into the DQ Governance on progress against the overall Data governance Plan.
• Provide consolidated updates into BCBS239 Programme and Non-Financial Risk Committees.

Risk Management:

• Report any potential operational risks. 
• Identify and report all exceptions on non-compliance with standard controls.
• Identify and report all weaknesses inherent in the standard controls.
• Assist in reconciling finance owned accounts and provide evidence to Financial Controls Manager.
• Contribute to the establishment of technical expertise/ knowledge base for operating control assessment.
• Provide insight and guidance on the interpretation of reported exceptions/analytics outputs so that appropriate actions can be taken by the Finance function.
• Ensure compliance with relevant operational risk controls for the Finance Reporting Process.
• Comply with Group’s data standards and information security policies.
• Manage and track declared internal and external milestones and provide accurate and transparent status updates. 

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.
• Collaborate with Finance team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders:

• Regulatory Reporting Manager
• Head of Regulatory Reporting 
• Financial Controller 
• Business Finance 
• Global Finance Services 
• Treasury Markets
• Group LCR teams
• South African Reserve Bank 
• External Auditors
• Head of Data Management, Finance
• BCBS239 programme team
• Business COO’s & Business Leaders (Data providers and data consumers)
• Chief Financial Officer 
• Chief Operation Officer 
• Risk, Audit and Compliance (Risk also as partners in data sourcing / DQ / BCBS 239 etc)
• External Consultants / Agents
• Regulators

Other Responsibilities:

• Embed Here for good and Group’s brand and values in South Africa Finance Team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate:

• Recognised qualification in Accounting/Banking such as CA(SA) or studying towards a qualification in Accounting and Finance. 
• At least two years’ work experience in a busy financial reporting department of a commercial organisation.
• A sound knowledge of Basel 3 regulations and statutory requirements and all-round Banking experience.
• High level of experience in working with computerised Accounting/Banking systems.         
• Good communication and interpersonal skills.          
• Ability to work in a busy and strenuous environment.
• Good understanding of good banking practice. 
• An eye for detail and accuracy with a good analytical capability.
• Advanced Excel knowledge and advanced level of computer literacy is required.
• SQL knowledge is an added advantage.
• Proven Project Management experience in financial services industry is an advantage.

Role Specific Technical Competencies:

• Project and Data Management
• Finance systems architecture
• IFRS
• Financial Controls
• Regulatory banking returns / regulatory reporting
• Capital/Liquidity calculations