Standard Chartered Bank Nigeria - a leading commercial bank is recruiting to fill the position below:
POSITION : Senior Manager, Business Finance
Description
- Ensure FM’s Management Accounting Systems are robust for the accurate and timely collation, analysis and dissemination of information.
- Support ALM Balance sheet analysis and forecasting to ensure effective control of the Liquidity and Market Risk.
- Ensure that the FM performance and balance sheet forecasts are robust and adequately tracked.
- To add value to the strategic direction, planning, budgeting and performance of the Financial Markets business.
- Provide financial advisory to all FM projects, initiatives, deals and transactions to ensure they create value.
- Analyse and interpret the Financial Markets business performance and trends and suggesting remedial action.
- Actively review and assist in planning business costs to ensure value for money and a lean cost base.
- Analyse and interpret the operational and competitive trends likely to affect the business operations, including performance gaps and suggested remedial action.
- Establish processes to ensure the necessary Financial Control disciplines are adhered to within the FM Business and the inherent operational risks have been identified and satisfactorily managed.
- Entrench a no surprise culture by proactively communicating with stakeholders, CFO, Regional Finance and Business.
Responsibilities
Business Partner:
- Regular monitor the competitive positioning and key performance metrics of the WB business to ensure that market share is protected and enhanced.
- Provide enhanced commentaries on performance through P&L attribution and Balance Sheet commentary.
- Provide forward looking analysis and challenge the status quo.
- Enforce performance accountability for the delivery of budgets and scorecards.
- Ensure that the FM Balance Sheet is aligned to deliver performance targets and is continuously leveraged to deliver optimum revenues.
- Analyse, challenge and provide insights to ensure that the business strategy is robust, competitive and will ultimately enhance shareholder value.
- Regularly monitor the competitive positioning and the key performance metrics of the FM Business.
- Drive greater focus on returns through competition, RWA and Cross Sell analysis.
- Strengthen RWA utilisation and reallocation framework and ensure it is correctly computed.
Reporting:
- Eliminate AvF breaks through daily reviews of DPL to the Ledger.
- Review daily P&L and highlight any gaps noticed in reviews.
- Review cost base to ensure Value for Money (VFM) and accurate reporting
- Ensure that Daily and weekly Balance Sheet forecasts prepared by ALM is accurate and provides relevant information.
- Ensure FM monthly reporting is timely and accurate.
- Develop relevant scorecards for tracking performance of the FM products.
- Ensure that the FTP framework and cost allocation methodologies are consistently applied.
- Ensure ALCO objective and directive are properly implemented by the ALM/FM business.
- Review and escalate any issues in daily Trial Balance reviews
Budgeting and Planning:
- Provide financial input and co-ordinate the formulation of the Business operating plans/budget and monitor progress towards its achievement, drawing attention to important trends opportunities to maximise earning and minimise risk.
- Extract agreed KPI’s for tracking Financial Markets financial achievement against budget.
- Co-ordinate the formulation of the Business operating plans/budget and monitor progress towards its achievement, drawing attention to important trends opportunities to maximise earning and minimise risk.
- Ensure that budget and forecast Balance Sheet reflect reality and ensure that P&L projections are reflected in product profitability and reporting.
Financial Risk & Control:
- Ensure disciplines and principles from the Group Management Accounting manual and Group Accounting Policy Manual are consistently applied.
- Ensure a robust risk is in place to track potential risk especially in the regulatory and market environment as it affects Financial Markets.
- Ensure that FM business reporting complies with taxation, capital, regulatory and statutory requirements.
- Review country addendum and product programs to ensure that tax and group policies have been accurately reflected.
Project Management:
- Ensure that project accounting disciplines and tracking mechanisms (including benefits tracking) are in place for all Financial Market projects.
- Assist in the evaluation of projects which are specific to the FM Business in accordance with Group and local guidelines and contribute fully to their implementation.
Qualifications
- MBA in Business, or Accounting or Professional Qualification – CIMA, CPA, ACCA or its equivalent
- At least 10 years post Qualification years experience, four of which should be in senior management position with relevant / specific banking experience
- Strong knowledge in Management and Accounting principles
- Strong analytical skills and an eye for detail
- Good communication and interpersonal skills
- High level of computer literacy and understanding of business computing environments
- Knowledge of the Banking Products
- Team player
- Knowledge of Internal markets and dynamics
- Fair degree of understanding of economics
Sorry the application deadline for this job has elapsed
