Specialist – R2R -Accounting & Control Job Vacancy in Standard Chartered Chennai, Tamil Nadu – Updated today

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Company Name : Standard Chartered
Location : Chennai, Tamil Nadu
Position :

Job Description : Job: Finance
Primary Location: Asia-India-Chennai
Schedule: Full-time
Employee Status: Permanent
Posting Date: 03/Mar/2022, 1:42:04 AM
Unposting Date: Ongoing

About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It’s about showing how you embody our valued behaviours – do the right thing, better together and never settle – as well as our brand promise, Here for good.
We’re committed to promoting equality in the workplace and creating an inclusive and flexible culture – one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
Strategy
Needs to and be aware of the understand the Group’s Strategy (looking at the big picture) and able to imbibe that into the work that is being delivered.

Business
Needs to and be aware of the understand the Group’s Strategy (looking at the big picture) and should be able to relate to it.

Processes
Responsible for monthly close process, management of books of accounts, accountings controls and accounting operations processes ensuring compliance of regulations, policies and requirements of the “in scope” countries/entities.
Manage the process for review and recording of journal entries required to reflect the monthly activity and continuous improvement in productivity to the standards prescribed from time to time.
Continually reviewing all assigned processes in order to identify opportunities for quality & process design improvement.
Preparation of white paper supporting the monthly close process and month end balances.
Lead the initiative for reduction in manual journals across the bank by doing a deep dive into the various thematic issues and driving the improvement through various measures.
Review monthly accounting close process including analytical review of the monthly operating results to ensure accurate accounting records are maintained.
Manage and update on Period Close Accounting and Control activities across SCB.
Ensuring that continuous efficiency improvement in R2R activities and an established process exists to constantly identify and implement improvement opportunities.
Work of elimination of Inter company breaks.
Settlements to be initiated on real time basis to lower the ageing on the outstanding.
Ensuring All ABDO are mapped into the correct preparer and approver. Unmapped ABDO to be escalated in the correct forums like FORTM and country finance escalation process.
Preparing the monthly MI providing the status of the substantiation to senior management.
All unowned ABDO are escalated and ensure closure by arriving at the correct preparer approver.
All ABDO is substantiated following all audit assertions in the system validating the supporting documents with adequate reconciliation leaving only the open items with correct ageing and action.
Follow up with the approver for approving the substantiation in FCS system.
All action items to be closed before the quarterly /monthly submission timeline.
Group driven timeline for substantiation. Open items need to be escalated in the required forums like FORTMs and country finance teams.
Ensure that the standards of customer service provided by the function consistently meet or exceed the requirements set under the Service Level Agreements agreed with the customers.
Liaise with customers on the periodic review and re-negotiation of Service Level Agreements and any other related performance and quality measures.
Ensure effective systems and procedures for the timely collection of data from all accounting sites and their collation and submission to various recipients.
Ensure compliance of regulations, policies & requirements of the ‘in scope’ countries and reports and raise relevant risks to delivery by effective communication.

People and Talent
Leadership skills and ability to influence others in decision making.
Relationship and stakeholder management skills is important.
Initiative and proactive thinking.
Strong understanding of financial industry, specifically banking products and services.
In-depth knowledge of the e2e book close process in a large international Bank and relevant key measures that drives effectiveness of these processes.
Effective communication skills, including presenting and influencing senior management.
Excellent Excel & PowerPoint skills.
Excellent written and oral communication skills.
Solid people and project management skills.

Risk Management
Understand the Group Accounting Policy and the FCSR Standard and Policy in a way that he/she is able to identify any control lapses that has an element of risk and highlighting/escalating as appropriate.

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.
Lead 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.
Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association (or equivalent).

Key Stakeholders
Internal:
All the CFOs of the countries & Group served by GFS.
Various business heads of GFS.
GBS – HR, Finance, Risk and Compliance.

External:
External auditors, local and overseas.
Senior members of other Finance Shared Services Centres in the industry.
Peer group companies related businesses.
Our Ideal Candidate
Chartered Accountant, or MBA with 6+ years of relevant finance experience in Accounting and Control, Finance process re-engineering, and organisation Design.
Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our career pages. We welcome conversations on flexible working.

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