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VP - Performance Management for Singapore

Chennai, India | Standard Chartered

  • Industry:
    Banking / Investment Banking
  • Position Type:
    Full-Time
  • Functions:
    Finance (Internal)
    General Management
  • Experience:
Job Description:
70 people have viewed this job

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.


JOB PURPOSE & SCOPE:


• Deliver superior performance for SCB Singapore through reporting of management and financial results, and partner with local and Group Business / Country Finance teams on Singapore strategy, performance issues / opportunities.


• Scope of work to include Standard Chartered Bank (“SCB”) Branch, SCB (Singapore) Limited and governance oversight of all SCB subsidiaries in Singapore.


KEY RESPONSIBILITIES


1. Performance Management:


• Collaborate with Group / Regional / Country Finance colleagues in providing quality management information to senior management for the formulation and review of business plans and strategies


• Analyze country performance (management and financial), review highlight risks and opportunities and drive actions to ensure committed financial outcome. 


• Drive effective cost management through a rigorous cost control and investment management process


• Support SG ALCO for capital and liquidity inputs and active balance sheet management for strategic planning


• Co-ordinate the process for preparing, validating, consolidating and analyzing half yearly forecasts and annual budget to support strategic aspirations of SCB Singapore


• Provide market intelligence on key competitors’ performance and highlight any changes in the competitive landscape


• Ensure regular and ad-hoc management reporting requirements from stakeholders (e.g. Group Finance, CMT) are met


• Resolve management accounting issues and implement Group policies stated in the Management Accounting manuals


2. Financial Controls:


• Manage overall design and outcome of the end-to-end process and owns the process output performance in terms of client service, financial performance and risk where appointed as Process Owners


• Ensure compliance with Group/ IFRS accounting principles and practices, Financial Control Policy and other regulatory accounting guidelines


• Ensure timely and accurate submission of financial returns to internal and external authorities and stakeholders


3. Team Leadership and Organizational Effectiveness:


• End to end support to Singapore Performance Management Finance team covering all outcomes for e.g. country management team reports, cost accruals, MRE and FCS reconciliations


• Lead and manage the Singapore Performance Management Team and to develop the staff to take up different/more value added roles


• Contribute in any ad-hoc finance related projects, including providing support to Finance Transformation initiatives as well as simplification of bank process


• Ensure GFS service levels are maintained in line with onshore requirements.


KEY RELATIONSHIPS:


INTERNAL:


• CEO, Singapore


• CFO, Singapore


• Singapore Business Finance (RB, CIB, CB & PvB)


• Singapore Balance Sheet Management team


• ASA Regional Finance Team


• Group Finance


• GFS Support team


CONTRIBUTES TO:


• Quality of decision making within Singapore


• Influences and challenges issues, providing judgment and assessment of impact of proposed actions / activities on performance and strategy.


• Uphold the control and compliance culture in the bank.


• Career development of finance staff.


• A mature finance profession with relevant experience in financial services industry.


• Experienced in corporate banking products, booking models, accounting treatments.


• Sound understanding of international accounting standards requirements, business analysis techniques, risk management methodologies, project management techniques.


• A high degree of integrity and ability to challenge the views and actions of others in a constructive manner.


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