Head, Recharge Operations

Leadership and Strategy

• Define and execute the intra-group finance operations strategy in line with the bank’s global Finance Target Operating Model and Finance objectives
• Lead the IGAR recharges function and foster a culture of high performance, accountability and continuous process improvement
• Define and manage the intra-group finance process governance and controls and monitoring system to ensure complete and accurate implementation for all intra-group allocations and recharges

Business

• Build strong relationships with key stakeholders in global controllership, business performance operations, product control, financial planning and analytics
• Support the Global Transfer Pricing, Tax and Finance teams with all relevant intra-group finance data and reports to evaluate the impact of intra-group allocations and recharges for financial and management reporting
• Communicate planned and unexpected changes to allocations and recharges outcomes with stakeholders including detailed variance analyses and impact assessments
• Support key transformation initiatives in relation to Finance Operations, Transfer Pricing or data governance to achieve optimal post tax outcomes for the bank

Processes

• Responsible and accountable for the operation of the calculation of actuals accrual processes for all intra-group allocations and recharge processes including ownership of the technology systems operating those processes (total intra-group allocation volume is greater than US$ 3 billion)
• Responsible and accountable for the operation of the Corporate Plan and forecasting calculation processes and loading of inputs for all intra-group allocation and recharge processes including ownership of the technology systems operating those processes
• Ensure full audit trail is available for all intra-group allocation and recharge processes to substantiate all postings executed by the team

People & Talent

• Communicate a clear vision and strategy for the IGAR function and act as a role model on day-to-day basis
• Motivate and engage the team members to continuously learn and improve the processes they operate and provide training to the team members together with the Group Transfer Pricing and Finance teams to ensure all team members have the required skills to perform their duties
• Establish a team structure for the IGAR team that provides team members with a clear learning and career path as well as manages key person risk and ensures stable process support

Risk Management

• Ensure compliance with all internal control frameworks (e.g. UK ACG, Operational Risk Framework, etc.) where applicable
• Partner with Operational Risk, Internal Audit, and Assurance as required to remediate any findings and continuously improve the control environment

Governance

• Report all issues and errors encountered in the operation of intra-group allocations and recharges to the appropriate risk governance forum (e.g. Finance Risk Committee, Tax Risk Committee, etc.)
• Organise monthly Service Review Meetings to track performance of the IGAR function with the Head, Operational Transfer Pricing and Global Head, Transfer Pricing

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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

• Global Head, Transfer Pricing
• Global Controller
• Country, Cluster, CIB and WRB CFOs
• Global Head, Business Performance Management Operations
• Global Head, Product Control and Subledger Operations
• Group FP&A
• Finance Technology
• IGA COE
• IGAR Transfer Pricing COE
• External auditors

Other Responsibilities

• Embed Here for good and Group’s brand and values in the IGAR team. Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures that relate to intra-group finance operations.

• Graduate qualification in accounting, finance, business or economics. Advanced diploma or graduate degree in Finance or Business (e.g. Masters in Finance).

Training

• Minimum of 15 years of relevant post-qualification finance operations, finance change, transfer pricing operations or similar experience. In-house banking experience in a finance operations/change or operational transfer pricing team in a financial institution strictly required.

Language

• English