Job Description

Job: Finance
Primary Location: Asia-Philippines-Makati City
Schedule: Full-time
Employee Status: Permanent
Posting Date: 08/Aug/2022, 1:26:00 AM
Unposting Date: Ongoing

The Role Responsibilities
The Financial Controller (FC) is a proactive member of the senior management team and contributes to the leadership and management of the Country. FC is a key trusted advisory to the business and a guardianship on finance matters. This role is also part of the Global Finance Function, working with Group Finance, Regional Finance and Heads of Business Finance to support the management of Group’s global and cross-border business. The FC has specific responsibilities in respect of the following:

• Own the financial performance for the Country
• Contribute to the country business strategy, lead its planning and execution
• Own the technical accounting, tax, treasury and regulatory agenda in the Country

Strategy

• Provide financial inputs for business strategy formulation in accordance with Group strategic direction
• Initiate and coordinate the annual review and formulation of business plans (annual budget and corporate plan) and monitor progress towards achievement of targets, drawing attention to important trends, and opportunities to maximize earnings and manage risks

Business

• Provide local, Regional and Group management with accurate and timely business information to serve as a sound basis for planning, controls and decision making
• Provide technical accounting support and local financial and regulatory guidance to business for products and structures being offered to clients
• To ensure sound balance sheet management through leadership of the ALCO with the CEO and observe compliance with Group policies and local regulations
• To manage capital and liquidity risk through appropriate monitoring, forecasting and planning, including Ensure that the business activities are compliant with tax regulations and reported accurately, and provide insight to management to optimize tax positions
• Ensure that the business activities are compliant with tax regulations and reported accurately, and provide insight to management to optimize tax positions
• Influence the country leadership team as both a constructive challenger and positive catalyst for business change.
• Champion resource allocation and focus on RWA and returns before and after tax.
• Leverage the use of Group FPA and cost management programmes. Drive performance and budget accountability via use of balanced scorecards.

Processes

• Ensure that the financial statements and financial regulatory returns of the business are prepared in accordance with statutory, regulatory, and other requirements, and are in accordance with Group standards, policies and procedures.
• Determine the allocation locally of resources between individual business segments or projects and assist in setting business unit guidelines and parameters consistent with Group objectives and policies
• Ensure the integrity of data in business financial information systems (e.g. General Ledger and Management Information Systems) and that they conform to Group specifications and adapted for local requirements where relevant and necessary
• To promote a robust financial control environment and adherence to Group Financial Control policies and procedures, thereby ensuring satisfactory external and internal audit results.
• Carry out evaluation of local projects in accordance with Group guidelines, including significant business issues and contribute fully to their implementation
• To ensure compliance with Group guidelines, policies and procedures for all expenditures to ensure adherence to budget and sound business practices
• To provide management for Finance ancillary functions that report to Group CFO such as Property (including Security and Business Resilience), and Supply Chain Management to ensure all relevant policies and procedures are enforced and adhered to, and ensure continuous operations for service delivery of the related functions

People and Talent

• Provide leadership to country Finance team to effectively support the business and deliver on the Finance agenda in the country, and ensure continuous development of human capital for a sustainable, stable functional team.
• Lead through example and build the appropriate culture and valued behaviours. Set appropriate tone and expectation from their team and work in collaboration with risk and control partners.
• Lead on the drive for up tiering and upskilling the Finance Function in the Country and cluster locations, in order to develop high performing teams for the future, inspire and engage people:
  • Ensure the provision of ongoing training and development of people and ensure that holders of all crucial functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
  • Responsibility to review team structure / capability plans.
  • Employ, engage and retain high quality people, with succession planning for critical roles.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.

Risk Management

• To act as Risk Owner for capital and prudential liquidity risks of the Country
• To manage operational risk within the Group CFO functions (Finance, Supply Chain Management and Property) in the country by adherence and implementation of the Operational Risk Framework and relevant procedures including timely identification, escalation and resolution of risk items identified
• To act as local Risk Owner for Supply Chain Management and Property related risks with support from offshore regional resources
• To act as the Responsible Person for the entity/ies assigned to me in Blueprint and to undertake the Responsible Person responsibilities for the entity/ies as set out in the Subsidiary Governance Policy
• To serve as Bank Security Officer in line with local regulations as supported by qualified security resource
• To shape and proactively manage the impact of changing financial and regulatory reporting requirements for the Country.
• To manage the key regulatory agenda for the Country and build an effective working relationship with regulators.

Governance

• Discharge the operational and compliance risk responsibilities of the Finance function as outlined in ERMF and RTFs for the following risk subtypes:
  • Operational risk sub-type Reporting and Obligations:
    • Financial books and records – potential for loss or adverse impact due to failure to comply with laws and regulations for financial books and records.
    • Tax obligations – potential for loss or adverse impact due to failure to comply with laws and regulations for tax.
  • Compliance Risk sub-type:
    • Financial regulatory reporting – the risk of failure to comply with applicable financial regulatory reporting laws and regulations.
    • Accounting and financial reporting – the risk of failure to follow applicable accounting and financial reporting laws and regulations.
    • Prudential Capital and Liquidity – the risk of insufficient capital / liquidity to comply with Prudential requirements.
• Capital risk sub-type the risk of insufficient capital required to comply with BAU and stressed requirements.
• Specific to the operational risk sub-types execute second line risk Ownership responsibilities as outlined under the Operational Risk Framework (ORF) and associated policies and procedures, including, but not limited to the following:
  • Ensure that required control standards are being met, by continuous monitoring of risk and control indicators.
  • Highlight and escalate (as required) where control standards are not being met, including highlighting control design deficiencies or gaps to Group Risk Owners.
  • Challenge and approve (where appropriate) first line risk identification, residual risk assessments and mitigation plan, taking into account changes to the internal and / or external environment.
  • Review, challenge and support Risk Acceptance Requests request made by relevant Country Process Owner(s) for submission to the authorised risk acceptance authority.
  • Monitor ’live’ risks, and jointly with first line owners, ensure that appropriate management action is being taken to mitigate their impact

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 the Philippines 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.
• Ensure compliance with Bangko Sentral ng Pilipinas (BSP) financial regulatory reporting and capital and prudential liquidity requirements

Key Stakeholders

• Country CEO
• Cluster, Regional and Group CFO
• Country Business and Functions heads
• Regional and Group Finance Teams
• External Regulators / Auditors

Other Responsibilities

• Embed Here for Good and Group’s branch and values in Country Finance Team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

• Qualified accountant or equivalent with significant experience in a variety of commercial and controllership senior Finance roles in complex organizations.
• Strong people leader with ability to lead and grow large teams of international talent.
• Strong business partner who can influence and effectively challenge C-suite stakeholders.
• Dynamic leader or teams who role models Bank’s value and purposefully develops long term talent within the function.

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 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.

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