Mgr, Financial & Regulatory Reporting

Job Description

The Role Responsibilities

Job Role

The role holder will be responsible for ensuring smooth day to day operations at SCMAC by owning all finance related matters for the overall subsidiary.

The role holder will be responsible for below mentioned activities and assignments

• Facilitating vendor payments, co-ordinating with stakeholders and signatories, expense monitoring, providing MIS to Group teams.
• Deployment of surplus funds – cash flow estimation and management of funds.
• Passing of accounting entries, weekly pay cycle sheets, updating Accounting Records of Vendor Payments, TDS and T & E Payments.
• Payment of taxes (income tax, service tax), seeking / amending registration for Service tax, GST, Approval of Monthly HR Payments like Provident Fund, TDS on Salaries.
• Providing information for Tax assessments, transfer pricing.
• Compliance with statutory requirements such as Shop and Establishment Act, Profession Tax.
• Ensuring Filing of Returns, GST and Regulatory reporting if any.
• Assisting for Board meetings – providing inputs and information for update and getting approvals of the Board.
• Monthly Reporting of Expenses, preparing month end statement with all bank charges, FD details, Audit Fees etc; and sending the same to FSSC for posting so that PSGL Balances tally with the Bank Statement.
• SLA management with SCB, India, SCB, SG (for GRM, CRM and Business Analytics), Arm’s Length Agreement (for rent), SCGBS (with FSSC APU).
• Raising FCY Payments for SAS, SCB Singapore and Logical Steps.
• Preparation of PO’s, payments and capitalisation of fixed assets, Preparing Fixed Asset Capitalisation Sheet and approval from cost centre owner.
• Recharge of expenses to Group and Raising of CBR, to verify Entity Level costs and Vendor Expenses. Answering Queries raised by different cost centre owners with regards to their expenses in a timely manner. The CBR has to be raised by 15th of the current month. After the CBR is raised continuous follow up
• with the APU CBR team to release the CBR on time and Cash Management Team to process the payment before month end.
• Payment of Dividend to Group Treasury, preparing the requisite FCY Papers, Opening of Dividend Account within the time frame, transfer of Funds to that account and closing the account after repatriation of Funds to Group Treasury.
• Assist in internal, Statutory and Tax / transfer pricing audits.
• Performing KCSA checks and reporting exceptions, and Operational Risk Procedures.
• Work with Statutory Auditors for finalization of B/s and P&L for SCMAC.
• Work with GBS Finance for the Finance Reporting for SCMAC.
• Manage any Group Audit requirements and ensure no audit failures.
• Work with Business Stream leaders to manage their day to day requirements.
• Property Management and Administration.

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.
• Lead the SCMAC finance and general admin areas 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 SCMAC Board of Directors and act in accordance with Articles of Association.

Key Stakeholders

• Accountable Executive for SCMAC
• Senior stakeholders with active engagement with SCMAC
• SCMAC Board members

Other Responsibilities

• Embed Here for good and Group’s brand and values in SCMAC Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate

• Graduate degree in commerce or related field.
• At least 3 years of experience in similar finance management and administrative roles.
• Experience of working with companies that requires coordination with muti-country and multi-department stakeholders will be considered a plus.
• Good written and verbal communication skills

Role Specific Technical Competencies

• MS Excel
• MS Word
• MS PowerPoint

­About Standard Chartered

We’re an international bank, nimble enough to act, big enough for impact. For more than 160 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
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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, parental / maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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