Job closed
Ref: HP048-1347
Job description / Role
The fundamental job purpose is to support and manage the Finance Operations of Oman.
It involves networking and liaison with the key finance customers - Group Finance, Business Finance, Local Regulators, Statutory Auditors and Tax Auditors.
It covers preparing of professional / timely Management, Financial and Regulatory reporting. It involves ensuring the accuracy and correct presentation of the numbers through systematic processes, proper and in-depth analysis of variances and by providing informative commentaries.
It entails knowledge of International Financial Reporting Standards (IAS), Group Accounting Policies, Management Accounting Policies, RIWAC Policies, Local Regulations, and Tax Laws.
It involves preparation and control over the General Ledger specific to Finance to avoid/minimize Finance operational risk. It also involves appropriate high-level scrutiny of reconciliation submitted by other departments.
It comprises preparation and timely delivery of financial budgets and forecasts.
In summary, the main job purpose is to be a value-added, professional and cost effective finance service provider to all interested parties, within and outside the Bank.
Key Roles and Responsibilities
Information delivery and reporting
* Prepare and check the accuracy, professional and timely delivery of Financial Reporting to Group Finance, Management Reporting to Local Management / Group, Statutory Reporting to Local Regulators, year-end Financials to KPMG / Local Regulators.
* Drive the improvement of processes with regard to the above with a view to enhancing cost effectiveness, efficiency, accuracy and integrity of the numbers reported and analyzed.
Audit and investigations
* Manage the audit relationships and co-ordinate the various audits and inspections. These involve Statutory audits (KPMG), CBO inspections, Group audits and other investigations.
Finance operational risk, controls and governance (including GL management and controls, expenses and fixed assets)
* Ensure the integrity and independence of the function. Keep a balanced approach between the businesses.
* Take ownership of the Finance General Ledger and monitor and manage the GL risk.
Requirements
Budgets and forecasts
* Manage the financial budget / forecast process from a country point of view with a view to preparation of value added and professional budgets / forecasts including commentaries / analysis thereto.
Services to Country Finance customers
* Prepare the Oman results for onward submission to the Country CEO and CMT.
* Coordinate with business finance to get quality analysis of results and financials: income, cost, debt charge, yields and balance sheet.
* Coordinate with business finance to get accurate monthly forecast by value center for onward submission to Group Finance.
* Check and analyse the Group financial packs / Management packs on monthly basis.
* Ensure the preparation of Daily balance sheet and the circulation of the same to the concerned and respond to the queries thereof. Also ensure daily monitoring of various Group/Regulatory ratios
About the Company
Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.
Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.
In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.