Specialist
Standard Chartered Bank
Bangalore, India, Asia
1d ago

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

  • Perform the pre-pack intercompany reconciliation processes including but not limited to the following : Prepare recharge advice Journalize accounting entries.
  • Standardize booking across receiving and paying entity. Reconciliation of Interco balances in RP and CP books Raise SODA for settlement and follow-up for closure.

    Provide supporting documents for Substantiation. Extract & format TP Reports Identify Missing details Post correction Journals

  • Upon completion, prepare the IFRS schedules including but not limited to the following processes : Prepare KB / KC schedules Submit Schedules to FR & counter parties Upload Balances in ICS Validate KB / KC Schedules
  • After submitting the KB / KC IFRS schedules in ICS, the following processes are performed : Receive PCS vs. PCS mismatch report from GFD Investigate & follow up with counter parties for mismatch Reconcile & Submit to country for review Prepare & Send T1 journals to GFD Submit Journal Log to country Send posted T1 journals details Prepare PSGL Journal template Send Journals Approve journals Post journals into PSGL by GFS
  • As part of SLA, ensure timely delivery of services including but not limited to those listed above, relating to intercompany transactions.
  • Ensure services are delivered within the SLA, working with a cohesive team to produce the Analysis and Reports in a timely and accurate manner.
  • Any breach in SLA’s is immediately escalated to the Line Manager with due reasons as applicable.

  • Exercise right level of diligence, control and governance to comply with Data Quality and Reporting Expectations including those that are prescribed by Group Management Reporting and ensure that the reports / packs that are reviewed / generated are in line with expectation and due diligence is adhered to and ensure consistency and promptness in service delivery.
  • Comply, monitor, validate and report all Key Performance Indicators within the overall service delivery framework. Any breaches of the above framework are promptly highlighted to the line manager.
  • Ability to know the structure, requirements and preparing relevant IFRS schedules of the financial reporting for review.
  • To synergise and coordinate with peers across GFS- the Financial Reporting team, product control, FSM team and Risk team in addition to dealing with countries on shore.
  • Work towards continuous improvement to identify and implement opportunities to decrease process turn-around time and improve productivity.
  • Work on Adhoc MIS by gauging the requirements from stakeholders and help in GFS vide Admin activities. (e.g. compilation of Key Risk Indicators, Dashboard, Metrics etc)
  • Risk Management

  • To be aware of accounting policy / interco standards as it prescribes the process and in case of any breaks / outstanding balances, the timely action required.
  • So the employee should adhere to that policy in terms of highlighting such issues as risk in the right forums

    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.
  • Key Stakeholders

  • To coordinate and liaise with Internal and Onshore
  • Our Ideal Candidate

  • Graduate in Finance, MBA (Finance), MBA (Banking), or any Finance equivalent from a reputed institution
  • Our Ideal Candidate

  • Graduate in Finance, MBA (Finance), MBA (Banking), or any Finance equivalent from a reputed institution with three years of experience
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