Finance Operational Risk Manager Standard Chartered Bank - Tanzania

Why Standard Chartered?

Standard Chartered is a leading international bank operating in some of the most dynamic markets in the world, in Asia, Africa and the Middle East. Our successful and sustainable business is built on doing tangible, long term good for our people, our customers and the communities we serve.

• Assist the CFO in governance oversight over operational risk management from an end-to-end basis through the Functional Operational Risk Committee (FORC).
• Support the CFO to drive operational risk management disciplines that facilitate the balance of business growth with firm control of risk and protect the achievement of superior financial performance.
• Implement controls within the Business Unit to meet regulatory and internal requirements. In addition, drive and implement an effective risk management framework, and promote a strong risk management and a compliance culture.
• Partner the Business Units on operational risk matters to ensure business growth is balanced with risk management and control.
• Ensure proper functioning of day-to-day controls, periodic monitoring activities, timely identification and reporting of significant risks and losses and effectiveness of risk mitigation actions.
• Work with Group /Local/ Country Legal & Compliance and the businesses to ensure there is adequate training in Compliance. In addition document and implement controls to ensure compliance with regulations and Group Standards.
• Identify gaps and arrange training on compliance and Operational Risk for staff.
• Drive full implementation and adherence to Financial Control Policies (FCP) across the Bank.
• Track and ensure complete account ownership/ reconciliation disciplines are in place bank wide.
• Perform monthly review of reconciliations, track and ensure outstanding items in general ledger sundry, suspense, TP-GL accounts are within life span bank wide.
• Assist Business Head to prepare reconciliation report to CORC.
• Review and report operational losses and fraud accounts for corrective actions.
• Ensure that Finance KCSA and KRI reviews are timely performed and exceptions reported to Business Head and FORC.
• Ensure Finance OR profile is timely submitted to CORC, ARO and Group.
• Create and maintain a compliance culture within Finance Division.

Key Roles & Responsibilities

• Facilitate monthly FORC meetings and ensure its effectiveness through driving agenda and robust discussion in the meetings with adequate end-to-end coverage of issues.
• Ensure adherence to the operational risk management framework in the identification, assessment, mitigation and control and monitoring of risk. In this regards, ensure sufficient traction and follow through management actions to mitigate identified operational risks and Audit assurance failures, escalating issues to the Business Head and Group Business Operational Risk.
• Ensure that relevant Group, Business and Local policies are effectively embedded within the Business Division. Facilitate the design and implementation of key control standards (KCS) and related key control self-assessment (KCSA) and monitoring plans for compliance and operational risk management
• Ensure that policies are implemented effectively within Business; new regulations are properly communicated, and provide quality assurance on the design of the control measures and monitoring plans.
• Ensure all key regulatory requirements, as interpreted and communicated to Business by country Legal & Compliance, are cascaded to the Business units on a timely basis and that sufficient actions are undertaken by Business Units to comply with these requirements.
• Analyse and consolidate the Finance Operational Risk (OR) Profile, relevant loss and risk reporting for the FORC, CORC and Group Business OR and, ensure the accuracy and completeness of data.
• Value-add to the Business by identifying new and developing risks through reviews at the country level or participating in reviews driven by the Group/Regional Business level:
(a) Conduct risk based Process Reviews on critical processes;
(b) Conduct reviews based on thematic issues using forward looking based questions;
(c) Conduct reviews to provide validation assurance that Business Units are in compliance with the ORMF requirements, Group policies and local regulations.
• Lead and coordinate training efforts to promote risk management and compliance culture within the Business and awareness of Financial Control Policies. Ensure gaps are identified and staffs are suitably trained on operational risk and compliance.
• Could act as the Business Money Laundering Prevention Officer (BMLPO) to ensure appropriate internal controls and procedures for money laundering prevention are in place and functioning as intended. (This will exclude the management of the Transaction Monitoring Unit which will report directly into the CMLPO as per Group FCR)
• Ensure the risks associated with new and changed products, services and business strategy are sufficiently assessed and mitigated.
• Ensure full compliance with the Financial Controls Policies (FCP) and Group Accounting Manual within the Bank at all times
• Ensure that all Minimum Control Standards in the FCP manual are traceable to relevant KCSs/KRIs within the Bank
• Ensure that all DOIs within the Bank are updated to comply with the FCP manual.
• Ensure that all General Ledger accounts have been included in the returns submitted to Finance by Account Owners monthly.
• Review General Ledger accounts returns from all Account Owners and follow up on long outstanding items to ensure that they are cleared promptly
• Monitor the number, age and nature of outstanding items in suspense and sundry accounts
• Ensure that all control and zeroing accounts are monitored daily by TP owners/ Cost Center owners and that all imbalances are cleared promptly
• Ensure proofs and reconciliation of Finance internal accounts are prepared on a regular basis or as agreed with the Financial Controller.
• Safeguard the integrity of Finance system through reviewing trial balance and participating in PSGL related issues.
• Lead the Departments Business Continuity Plan (BCP). Co-ordinate the BCP exercise and conduct periodic Call Tree and Alternate Sites testing.

Qualifications & Skills

- University degree in Accounting/Finance.
- Understanding of IAS and IFRS
- Broad understanding of banking practice
- Sound knowledge of Generally accepted accounting principles and group accounting / financial control policy
- An eye for detail and accuracy with a strong analytical capability
- Good communications and interpersonal skills
- Probing mind
- High level of computer literacy is required especially the use simple system/ data query tools
- Assertive, Active and a Self Starter

How To Apply

You can search and view current opportunities across our organisation and apply immediately by registering or logging in to our careers website www.standardchartered.com/careers. To help speed up your application, please note the following:

- You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role

- Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information)
- We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application

It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.

Diversity & Inclusion

Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

Company Description

Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years.

With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for around 85,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank's heritage and values are expressed in its brand promise, Here for good.