Chief Financial Officer at Standard Chartered Bank

State: Accra, Ghana
Country: Ghana
Deadline: 17/09/2021
Qualification: Degree
Work Experience: 6 Years
Career Level: Mid Career
Industry: NGO

Chief Financial Officer Highlights

The Chief Financial Officer at Standard Chartered Bank applies insight to improve the financial performance of the Bank and improve strategic routine daily decisions.


 

To ensure that all matters relating to financial accounting, management accounting, taxation, balance sheet and

capital structure management, market risk analysis and management and regulatory reporting are undertaken in

accordance with Generally Accepted Accounting Principals, the group accounting policies and other regulatory

guidelines.

The Chief Financial Officer will provide guidance to local Supply Chain and Property functions

The Chief Financial Officer will ensure that the finance Hub delivers in accordance with the service level agreement.

The Chief Financial Officer serves as a Director of the Board of Standard Chartered Bank PLC

The Chief Financial Officer exercise authorities delegated by the Chief Executive Officer or the Board of Directors

and act in accordance with Articles of Association (or equivalent)

Responsibilities of the Chief Financial Officer

Support the Chief Executive Officer on maintaining strategic alignment to Group and driving the overall business agenda in the country.

Contribute to the management of the business as a member of the top management team.

To provide the financial input for the formulation of the bank’s Strategic Plan.

Initiate and coordinate the formulation of the annual operating plans and budgets and monitor progress towards

their achievement, drawing attention to important trends, and opportunities to maximise income, reduce cost and minimise risk.

Ensure that the financial statements and returns are in accordance with statutory, regulatory and other

requirements, and in accordance with group standards, procedures and timetables.

Provide support to the Business Unit/Segment heads in the formulation of marketing plans, budgets, business

development, product development and the analysis of the operational business trends for the achievement of overall plans and objectives.

Liaise with GFS Manager in the development and running of the Bank’s financial and management information

systems, recommending agreed variations for local use where relevant and necessary for implementation by GFS.

Ensure the effective management of the business’s capital and balance sheet structures including funding, liquidity,

currency and market risks etc;

Evaluate local projects in accordance with Group guidelines, including material business issues (e.g. pricing, the acquisition or disposal of investments and assets) and contribute fully to their implementation.

Conduct health checks and post-implementation reviews.

Ensure that the taxation affairs of the Bank are planned and managed so as to optimise the Group’s position.

Maintain the highest professional financial management standards in the Bank.

Analysis and sign-off of any project approval requests.

Improve the understanding of financial management issues by Business Unit/Segment Heads, Financial Managers and other Senior Managers within the Business.

Monitor the operational and capital expenditure programmes to ensure adherence to budgeted limits.

Strategically manage the properties of the Bank to ensure efficiency in utilisation.

Lead, motivate, and develop staff in the Finance Division.

Support the CEO in interpreting, communicating and meeting local regulatory requirements.

Keep in touch with local, UK and international accounting developments through membership of professional bodies

and contact with other members of the profession.

Manage relationships with External Auditors including the negotiation of the scope of the audit, general liaison,

the clearance of audit work and responding to and following up on management letters.

Monitor and decide on SLAs with the hub; agree on the recharge methodology.

Contribute to the management of the bank’s assets and liabilities and the management of risk during management

committee, ALCO, ERC, CFCC and Board meetings

To ensure that Finance Staff comply with applicable Group Control Standards and Local Regulatory Standards.

To provide strategic guidance to the property management and Sourcing functions

Support the Chief Executive Officer in ensuring effective corporate governance standards are maintained throughout the organization..
Contributes to

Development of the business through involvement in strategic direction, planning and budgeting.

The achievement of strategic plans and budgets, through monitoring and reporting on these to management and the Board.

Decision making on the future direction of the business and day to day issues, which impact on this.

Control of operating costs and capital expenditure within budget levels, bringing to the attention of management

areas where savings could be achieved.

Staff development within Finance Division through involvement in planned programmes.

Chief Financial Officer KPIs

Delivery of country budgets and strategic business plans.

Accurate and timely delivery of Group and local reports

Adherence to Standard Chartered Bank Group Policy on financial and risk management, efficient balance sheet and

capital management of the Bank.

Management of bank tax position and compliance with all taxation legislation.

Management of bank insurance arrangements to ensure all aspects of risk is adequately covered.

Efficient strategic sourcing and property management.

Maintenance of satisfactory control environment with audit grading of ‘Acceptable’ or better.

People and Talent

Lead, motivate, and develop staff in the Finance Department.

Lead through example and build the appropriate culture and values.

Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.

Ensure the provision of ongoing training and development of people, and ensure that holders of all critical functions

are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.

Employ, engage and retain high-quality people, with succession planning for critical roles.

Responsibility to review team structure/capacity plans.

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.

Key Stakeholders

INTERNAL

Local Executive Committee Members
West Africa Cluster Team
AME(Regional Management Team)
Group Market Risk
Group Corporate Tax & Treasury

EXTERNAL

Central Bank
Securities and Exchange Commission
Stock Exchange
External Auditors
Tax Authorities
Insurers
Outsourced Companies
External Contractors

Qualifications of the Chief Financial Officer:

Professional accounting qualification e.g. CPA, ACCA and or MBA etc

Over 8 years experience in senior financial management and administration position of a Bank or large commercial organisation.

Thorough knowledge of Generally accepted accounting principles, taxation, and banking and exchange control legislation.

Broad understanding of banking practice.

Superior knowledge and experience in the utilization of Information Technology in modern business.

Leadership and Influence

Strategy

Ability to grow and inspire people

Ability to network within and outside the bank particularly with regulators

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.

 

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.

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