Job Summary
This role will support the Head of FFG Finance in ensuring robust and effective cost and benefit management in support of the Group’s overall transformation agenda.
The successful candidate will be a trusted partner to the Head of FFG Finance and work hand in hand with the finance organization and respective leaders within each of the functional areas, to drive the FFG agenda
RESPONSIBILITIES
Performance Management and Decision Support
· Spearhead and oversight of key initiatives across various functional areas to drive simplification, centralization and standardization activities.
· Drive the validation of sustainable saves initiatives including review of business case and assessment of impact to P&L, benefits quantification in sufficient detail to enable effective benefits tracking and realization.
· Provide additional support across finance activities relating to cost management, including insightful analysis, highlighting trends, outliers and areas of optimization across the cost portfolio.
· Drive the delivery of the strategic benefits management platform transforming how benefits are tracked and reported at a Programme and Group level.
· Facilitate workshops to identify, quantify and solicit buy-in on cross functional opportunities, delivering a one-bank approach.
· Track relevant KPIs and drive regular performance reviews to track progress on delivery of cost initiatives across the portfolio.
· Conceptualize and deliver high impact, executive-ready presentations to support the financial narrative of cost initiatives for engagement across the Group.
Key Responsibilities
Financial Control
· Facilitate a robust funding governance process to support bank wide prioritisation to determine how best to allocate finite resources to drive the greatest return at bank level.
· Enable robust costing and business case quantification to support management decision making.
· Introduce and implement new controls and process changes required to support FFG
· Support independent review and assurance of cost saves including verification and documentation and ensure both cost savings and investment are properly and consistently accounted for across the bank.
· Conduct regular review and refinement of the policy as well as standardization, and consistent application of these standards.
· Ensure compliance with accounting standards, regulatory requirements and management reporting and policies.
People & Talent
· Foster a culture of collaboration and a mindset of change and growth.
Risk Management
· Ability to interpret the firm’s financial information, identify key issues based on this information and put in place appropriate controls and measures.
· Ensure compliance with Group Accounting Principles and practices, Financial Control policy, and other regulatory accounting guidelines.
Governance
· Have an awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
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
· CFO, TTO, Functions and FFG
· Head of FP&A, TTO and Functions
· CFOs of respective Functions
· COO and Heads of respective Functions
· Group FP&A
· FFG Programme Team
Our Ideal Candidate
- Finance experience of 10+ years, with specialization in Cost Management / Cost Transformation.
- Proven track record delivering cost efficiencies and productivity.
- Extensive senior stakeholder experience in a global, highly matrix organization, preferably Banking.
- Strong familiarity with the bank’s financial systems and control frameworks
- University educated
- Qualified Accountant i.e. CPA, CMA, ACCA..
- Strong analytical skills, using advanced quantitative techniques and modelling tools, with ability to conceptualize and develop proof of concept frameworks, scenario analysis and business cases.
- Strategic thinking with commercial acumen and independent thought.
- Knowledge of cost recharge frameworks and familiarity with unit pricing models.
- Excellent communication and influencing skills with gravitas and executive presence.
- Strong awareness of the external and internal business environment and competitor landscape.
- High integrity, with a strong sense of independence and accountability.
- Ability to independently, in a fast-paced environment, under tight deadlines with high attention to detail and accuracy.
- Innovative and resourceful – ability to adopt new methodologies and navigate the network to resolve business issues, manage risks and complexities.
- Inquisitive, self-starter with a ‘can-do’ and continuous improvement mindset.
- Team player who facilitates the sharing of knowledge, and work collaboratively in the team.
- Familiarity of Finance systems and processes.
- Proficient in MS Tools (Excel, PowerPoint).
Role Specific Technical Competencies
- Microsoft Tools
- Cost Management / Cost Transformation
- Analytical Skills
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
- Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
- Flexible working options based around home and office locations, with flexible working patterns.
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment Assessments
Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
