Standard Chartered Bank is India’s largest international bank (in terms of branch network) with 100 branches in 43 cities, and we have been operating here since 1858. Key client segments include Corporate, Commercial and Institutional Banking, Private Banking as well as Retail Banking.
Standard Chartered also has the following subsidiaries operating in India: Standard Chartered Securities (India) Ltd; Standard Chartered Investments and Loans (India) Ltd; Standard Chartered Finance limited and Standard Chartered GBS Pvt Ltd.
Standard Chartered also has the following subsidiaries operating in India: Standard Chartered Securities (India) Ltd; Standard Chartered Investments and Loans (India) Ltd; Standard Chartered Finance limited and Standard Chartered GBS Pvt Ltd.
VACANCY DETAILS :-
POST NAME - Senior Manager R2R Accounting Control
QUALIFICATION - B.Com
PREFERRED QUALIFICATION - CA/CMA
EXPERIENCE - 8 Years
LOCATION - Chennai
JOB DESCRIPTION :-
Strategy
• Managing and Leading teams aligned to the Record to Close (R2R) processes
- Ability to connect to the big picture & Drive Chapter Three principles
- Ensure to achieve efficiency in processes, quality and cost by digitization & simplification of process.
- Consolidation of all Digital Ventures projects into the hub & other standalone entities
Business
- Effective stakeholder management for respective processes across geographies
Processes
- Drive the new centralization of Digital Venture project process and stabilize into R2R space by putting robust structure, controls and validation. Drive agenda book of work for the year.
- Being new model the expectation would be multiple fold and as individual contributor one has to handle end to end process including substantiation, management of books of accounts, accountings controls and HR accounting operations processes ensuring compliance of regulations, policies and requirements of Digital Venture entities & standalone countries
- Review daily review of trail balance, monitoring of bank balance / reconciliation monthly accounting close process including analytical review of the monthly operating results as per IFRS standards to ensure accurate accounting records are maintained / substantiated.
- Performing Intercompany reconciliation tasks and preparing KB / KC schedules as per IFRS requirements with detailed analytical review.
- Handle all internal and external audits (EY,GIA) & submission of timely /accurate reports to GFS Operation.
- Lead project support and timely engagement with GBS Legal & Compliance and co-ordinate with onshore team for obtaining necessary approvals
- Leverage process/domain expertise to identify opportunities for quality & process design improvement with new ways of working by holding the values of the Group and Company at all times.
- Contribute to transformational agenda in terms of strategic, consensus building, driving and contributing to objectives..
- Creating and implementing policies and procedures to identify, resolve and document accounting /operational issues in addition to creating procedures to make the close and reporting processes more efficient and accurate. Raise relevant risks to delivery by effective communication.
- Continually reviewing all assigned processes in order to identify opportunities for quality & process design improvement
- Preparation of white paper supporting the monthly close process and month end balances & publish timely KPI, MI dashboard for senior management and stakeholders.
- Ensure that the standards of customer service provided by the function consistently exceed the requirements set under the Service Level Agreements agreed & project assignment by stakeholders.
- Effectively lead change, manage and escalate risks arising out of transition of new processes
- Bring Process Transparency.
Risk Management
- Highlight delays & related impact considering inter dependencies.
- Highlight process risk in appropriate forum & timely closure.
- Provide insights and brainstorm the mitigation measures with respective function leads
Governance
- Monitor & track progress of all activities scheduled/completed/ongoing during the close period through out
- Publish the RAG status for all critical activities across the close cycle
- Design and implement KPIs and dashboards
- Drive initiatives towards Fast Closure of books including internal / external audits (EY, GIA)
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