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. Job Purpose
Undertake Tax compliance activities
Undertake insurance management
Interprets and implements basic accounting standards, tax regulations and local banking laws
Initiates data controls and verifies the integrity or reporting schedules with the General Ledger and underlying Transaction Processing systems
Assesses the context, rationale and impact of changes in the external reporting environment and is able to articulate these changes both to Finance colleagues as well as business / function stakeholder
Prepare reporting pack and specialized schedules, performing variance analysis within a defined and researched business context whilst linking current performance with future projections, risks and opportunities
Plays an integral part in any re-engineering reporting process with a mindset for maximizing efficiency and maintaining standardized data quality and integrity
Support local process / system changes across multiple teams within the country.
Achieve timely delivery of reports and returns to the CBN / NDIC / SEC, etc
The Role Responsibilities Group Financial Accounting Reports
Deliver the following automated Group reports within set deadlines
Statutory Pack (quarterly)
ICS for statutory pack
Financial account / management account reconciliation
Other reports as may be required from time to time
Local Financial Accounts (Bank and Subsidiaries)
Support in the preparation of the draft Financial statement of Bank and Subsidiaries
Provide all information required for all Finance statutory audits
Operational Risk Controls
Ensure that general and business KCSA’s are performed in line with group OR standards.
Ensure that GL controls and Reconciliations in Finance is robust
Prepare remittance schedule and achieve timely rendition to tax authorities for Bank and Subsidiaries
Present variance analysis on tax remittances monthly.
Provide supporting documents for tax reviews and examination
Manage all tax examinations
Reconciliation , Substantiation and Insurance Mgt
Ensure all finance owned accounts are reconciled
Reconcile SCOPE, the Hub and all cross border recharges / receivable account
Manage Insurance desk enquiries and ensure prompt payment to underwriters
Send daily excess cash cover request to the underwriters
Local Regulatory Reporting
Support in the quick resolution of regulatory reporting issues
Provide regulatory examiners with schedules required for their examination.
Perform other duties as may be assigned by Line Manager or the FC
Prepare regulatory returns to the Securities and Exchange Commission for Bank and Subsidiaries.
Regulatory Examinations and Audits
Provide the necessary schedules and information required by the regulators (CBN / NDIC) in relation to the examination (spot and routine) of the Bank’s books of accounts
Cross Border Recharges.
Manages and advise on all cross border recharges
Provides monthly reconciliation of CBR and advise payments that need to be made to the counter parties
Give regular update to the Head of unit and the FC on the status of all outstanding CBR
SCB Nominees / SCAN.
Prepare monthly statement of account and file all required regulatory returns in Liaison with Custody Unit
Raise relevant journals into SCB Nominees (BU745) accounts and extract its trial balance as frequently as may be required.
Reconciliation of the SCS N & Cheroots GL accounts on monthly basis and attend to the action items during the same month.
Our Ideal Candidate
First Degree from a reputable institution
Professional qualifications in Accounting and Finance e.g. ACCA, ACA plus at least seven years work experience in Regulatory and Financial reporting department of a financial institution.
Understanding of International Financial Reporting Standards (IFRS) and its impact of the bank’s financial reporting.
Good working knowledge of the Group Accounting practice and Local Regulatory requirements supplemented by all round Banking experience.
Working knowledge of Accounting / Banking systems is essential for the extraction and processing of data from the system.
Understanding of the GL accounts is essential in assessing whether the trend of an account is irregular and requires immediate management attention.
Good communication and interpersonal skills are essential in dealings with both internal and external customers.
Ability to work in a busy and strenuous environment for long hours in order to meet set deadlines.
High level of computer literacy is required for processing data in various packages