Cluster Head Of Financial Controls & Risk

Bahrain, Bahrain

Job Description

Schedule: Full-time Role Responsibilities

Responsibilities

To provide insight into and understanding of the financial controls of the SCB operation along with regulatory environment within which we operate. To ensure high standards of quality and professional Financial Controls is met at all times. Ensure adequate and fair training to be provided to the new hire staff in finance. Embed an effective operational risk management framework (ORMF) within the finance to ensure all areas manage operational risk in a proactive, risk based and disciplined manner. Facilitate monthly FORTM meetings and ensure its effectiveness through driving agenda and robust discussion in the meetings with adequate end-to-end coverage of issues. Ensure adherence to the operational risk management framework in the identification, assessment, mitigation, and control and monitoring of risk. In this regards, ensure sufficient traction and follow through management actions to mitigate identified operational risks Lead and coordinate training efforts such as FCP to promote risk management and compliance culture within the Business. Follow up with Finance Escalation items. Provide adequate assistance to CFO and finance team. Support country finance team for internal and external auditor's requirements. Strategy

Support the country CFO and business heads to drive operational risk management disciplines that facilitate the balance of business growth with firm control of risk and protect the achievement of superior financial performance. Assist the country business heads in governance oversight over operational risk management from an end-to-end basis. Business

Assist Business Unit Head and BORM in coordinating, driving, and directing effective compliance and operational risk management at the Business Unit level. Implement controls within the Unit to meet all regulatory / Group and internal requirements. Ensure proper functioning of day-to-day controls, periodic monitoring activities and timely resolution of risk issues. Processes Covering the below processes: Financial Controls. Operational Risk. Aiming to :

To ensure that financial control reporting of SCB operations in Jordan, Iraq, Egypt, Lebanon, Qatar, SA, Oman, and Bahrain are done in compliance with Group standards/practices. Ensure that relevant Group policies are effectively embedded within the finance Facilitate the design and implementation of key control standards and monitoring plans for compliance and operational risk management. People & Talent

Lead through example and build the appropriate culture and values. Risk Management Monitor 'live' risks, and jointly with first line owners, ensure that appropriate management action is being taken to mitigate their impact. Maintaining robust controls in accordance with group policy framework and effectively manages operational risk in Jordan finance function with timely escalation. Resolution of key risk and controls failures. Providing the required support for ME countries whenever requested by CFO. Submitting the finance operational risk profile on time without any delay. Providing the required training / guidance to FCS users to have clear understanding whenever needed. Escalating the significant events / operational risk to CFO. Coordinating and consolidating operational risk and loss reporting of finance unit for reporting. Ensure risks and issues identified are resolved. Ensure a full understanding of the risk and control environment in area of responsibility. Manage operational risk of the Finance function through all applicable policies and by serving as local Risk Owner for operational risk sub-types under External Rules & Regulations. Ensure that required control standards are being met, by continuous monitoring of risk and control indicators. - Highlight and escalate (as required) where control standards are not being met, including highlighting control design deficiencies or gaps to Group Risk Owner. Governance Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role. Awareness and understanding of the Financial control policy. Monitoring the maintenance of FCS specific set up of the country such as UAM and BS. Monitoring of the BS, TP, TPGL, Cost Centres submission on FCS. 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. Lead the ME Cluster Countries in SCB (Jordan, Iraq, Egypt, Lebanon, Qatar, SA, Oman, and Bahrain) to achieve the outcomes set out in the Bank's Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] * Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Key stakeholders [CMT, Business Units Heads, UORMs, Country Head of Operational Risk, GIA, External Auditors] Other Responsibilities Embed Here for good and Group's brand and values in Finance Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures Qualifications BA in Accounting, Accounting &Commercial law, Finance or Risk is required. Master degree, CPA or any other professional certificate is a plus. Attended relevant Banking and management training courses. Languages; Arabic and English languages are required for role.

About Standard Chartered We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we: Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing. Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum Flexible working options based around home and office locations, with flexible working patterns Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential. Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process. Visit our careers website

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Job Detail

  • Job Id
    JD1438824
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Bahrain, Bahrain
  • Education
    Not mentioned