Standard Chartered Bank Nigeria is currently accepting applications for the vacant positions available below:
Manager, Finance Policy & Operational Risk Job at Standard Chartered Bank Nigeria
Job ID: 2200004970
Location: Lagos, Nigeria
Schedule: Full-time
Employee Status: Permanent
Job: Finance
The Role Responsibilities
Strategy:
- Drive full implementation and adherence to Financial Controls Policy across the West African Cluster (Nigeria, Ghana, Cameroon, Cote D’Ivorie, Sierra Leone and The Gambia) and also serve as a contact point/ Subject matter Expert to the Cost Centre / Account Owners on all requirements of the Financial Control Policy.
- Drive the GL accounts reconciliation process bank-wide ensuring completeness, timeliness of reconciliations at the right quality and ensure all material risks are identified, assessed, mitigated, monitored, and promptly escalated.
- Foster a culture of risk awareness by communicating clear standards of conduct and driving the message of zero tolerance for operational losses.
Business:
- Support the business in minimizing operational risks and losses, and ensure material operational losses are investigated to prevent recurrence per group policy.
- Partner with the business and support units on finance operational risk matters to ensure business growth is balanced with risk management and controls.
- Drive bank wide adherence to reconciliation requirements of the FCP.
Processes:
- Support the day-to-day controls & periodic monitoring of activities, timely identification and reporting of significant risks & losses, and effectiveness of risk mitigation actions.
- Continuously improve the operational efficiency and effectiveness of processes and drive the adoption of standardized reporting across West Africa.
- Maintain the PeopleSoft Financial Control System to ensure a robust reconciliation environment by ensuring that all accounts are appropriately owned and mapped,
- Ensure strong GL controls are in place by ensuring all dormant cost centres and accounts are monitored and closed at the FCP required frequency.
- Review of Manual Entries in TP Control Accounts.
- Ensure TP/ GL reconciliations are being tracked and resolved by TP owners.
- Drive the account maintenance process by ensuring proper FINETL rule engine and PSGL Rule Maintenance.
- Perform reasonableness review of high-Risk Accounts and ensure prompt escalation of any exceptions.
People and Talent:
- Set appropriate tone and expectations in terms of ensuring effective financial controls.
- Work in collaboration with all reconcilers, approvers, and control partners.
- Serve as Secretary to FORTM and ensure all minutes are promptly circulated and action plans are tracked.
- Work with the colleagues to deliver specific projects and deliverables, as determined by the Country CFO, FCU Unit Head.
- Develop and embed a high-performance culture with specific focus on capability, effectiveness, and productivity.
Risk Management:
- Responsible for the timely identification, assessment, mitigation, reporting and escalation of all identified Operational Risk exposures. Assist in identification of operational risk for new products and new business, regulatory and thematic risks, and implementation of appropriate controls to mitigate those risks.
- Execute an effective risk management framework and promote a strong risk management and a compliance culture.
- Drive adherence to the operational risk management framework i.e. the identification, assessment, mitigation, control and monitoring of operational risk and control issues. In addition, monitor all material Operational Risk exposures and key external trends in accordance with Operational Risk Policies and Procedures and any directives, policies, and procedures.
- Ensure that material gross and residual risk exposures, control weaknesses, losses and near misses are reported to the FORC and Unit mangers as appropriate.
- Responsible for the implementation and execution of the Control Sample Testing (CST) process, sampling and testing the population of controls to ensure compliance with agreed control standards and facilitating the monitoring/collection of any Key Risk Indicators (KRIs) and ensuring that proper action plans are in place for recurring breaches.
- Monitor and ensure timely completion of ORF checks by the finance Teams, ensure escalation of exceptions noted if any, through appropriate forum.
- Perform reconciliation monthly on all Phoenix operational losses versus GL entries to ensure that all losses/recoveries are correct and/or accounted for on both sources and the Bank’s books and records.
Governance:
- Serve as the Back up to the Functional Operational Risk Manager and Secretary of Functional Operational Risk Committee (FORC).
- Assist in managing the Finance Operational Risk Forum (Country, Cluster, Region) by preparing all relevant reports.
- Ensure absolute adherence to country BAU FCU/OR reporting deadlines and effective business escalation from FORC to the Country Operational Risk Committee (CORC), Process Governance Committee etc.
- Create awareness and understanding of the regulatory framework in which the Bank operates and the regulatory requirements and expectation relevant to the role.
- Coordinate with Internal and Statutory Auditors in terms of all Financial Control and Risk related activities / framework and ensure all issues identified are promptly resolved.
- Ensure that all DOIs within the Finance are updated regularly to comply with the FCP manual.
- Manage peer reviews within the finance function; this may involve travel to other markets to conduct such reviews and share best practice.
- Develop control enhancements to ensure that any known risks are controlled within acceptable boundaries and consistent standards.
- Liaise with finance staff as required to ensure that Risk Acceptance Templates (RATs) are completed for material risks or control failures identified and passed to Senior Operational Risk Officer (SORO) for approval before submission to CORC for acceptance.
Regulatory & Business Conduct:
- Display exemplary conduct and live by the Group’s Values and Code of 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
- teams in West Africa 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:
- Selected partners, including CEOs.
- Regional and Country Finance Heads.
- Function Heads.
- Partners aligned to [product, segment, or function] in Risk, Legal & Compliance, Finance and Group Technology and Operations.
- All Staff with FCS responsibilities across West Africa.
- Country SORO for all countries in West Africa Cluster.
- BORMs for all countries in West Africa Cluster.
- Country Audit and Compliance Team.
- Country CIOs.
Other Responsibilities:
- Embed Here for Good and Group’s brad and value across West Africa.
- Perform other responsibilities assigned under Group, Business or Functional policies and procedures.
Our Ideal Candidate
- First Degree B.Sc in Accounting, Finance, Economics, or similar Degree.
- Desirable – Professional certifications in Accounting, Professional Memberships in ICAN, ACCA.
- Work experience in financial control / operational risk functions of, internal audit of FIs or external audit from Big 4 firms.
- Cross team collaboration and leadership experience skills – proactive engagement with various units across different geographies.
- Languages: English, French.
Application Closing Date
24th March, 2022.
How to Apply
Interested candidates who meet the criteria listed above should apply by clicking on the “Apply” button below:
Apply Here
Human Resources Risk Specialist Job at Standard Chartered Bank Nigeria
Job ID: 2200004593
Location: Lagos, Nigeria
Schedule: Full-time
Employee Status: Permanent
Job: Operations
The Role Responsibilities
Strategy:
- Develop and lead the delivery in the AME region of the HR Risk roadmap, priorities and milestone plan, aligned to the standards / requirements in support of the Group’s strategy and in line with the Enterprise Risk Management Framework (“ERMF”).
- Keep abreast of developments in the risk management landscape and apply learning to HR’s risk management practices. Coordinate with counterparts in other functions / business lines across the AME region to ensure a consistent, best practice and collaborative approach.
- Continuously evaluate and provide clear, balanced advice and leadership to senior management on the HR risk implications of business strategies and programmes, and the cost benefit analysis of risk remediation.
- Play a leadership role on regulatory projects and change initiatives, ensuring appropriate risk management strategies are in place.
- Positively influence and ensure effectiveness of HR Non-Financial Risk Team Meetings (NFRTM) in AME, upholding the integrity of HR risk / return decisions.
Risk Type Frameworks:
- Ensure the HR Process Universe is well understood and embed process ownership across AME.
- Ensure there is a clear articulation of the framework for managing the First and Second Line activities of HR.
- Lead the review of existing risk-based processes and the development of new risk-based processes where gaps have been identified. Lead the alignment of these processes to HR policies, ensuring the revised suite of policies clearly articulate the roles and responsibilities of both the First and Second Lines of defence.
- Lead the implementation of the ERMF across HR in the AME region, ensuring it is effectively embedded across all product areas (including HR Process Universe, controls and control effectiveness, policies and policy assurance, process risk assessments).
- Ensure that risks are properly assessed, and control cost / benefit decisions are made transparently and controlled in accordance with the Group’s standards and Risk Tolerance.
- Act as an adviser over the aggregate level of risk in HR AME that arises from end to end processes. Lead the design of effective controls and the systematic monitoring of process control effectiveness and compliance with applicable laws and regulations.
- Continuously monitor and provide leadership and oversight of HR’s Non-Financial risk profile and the effectiveness of the risk mitigation in place. Provide a comprehensive view of (1) the material risks facing HR and (2) the material HR risks facing the Bank, ensuring that risk assessment and reporting is comprehensive and accurate.
- Lead Policy and Standard owners in creating, maintaining and ensuring the effective deployment across AME of Group HR Policies and Standards. Ensure alignment to and compliance with policy governance standards.
- Lead the roll out of process risk assessments, scenario analysis and stress testing for HR.
- Drive and promote an effective and exemplary risk and control culture (aligned to the Group’s risk appetite), with appropriate escalation.
- Lead updates to senior HR management.
- Ensure that all members of the HR function across AME are aware of their risk management responsibilities through leadership, communication and training.
- Act as the primary liaison between Country Operational Risk and HR, ensuring effective First and Second Line of defence coordination and integrated risk assessment.
- Collaborate with colleagues across HR to ensure continuous improvement in HR to strengthen the control environment.
Information & Cyber Security:
- Act as the single point of contact for the HR, HICS on ICS activities (including information assets) across AME and coordinate with Country HR colleagues
- Provide any country specific treatment plans after coordination within HR
- Represent the Regional Head, HR on the ICS Working Group for AME
Audit, Compliance and Risk Reviews:
- Lead risk based internal control reviews within HR and proactively influence / inform Country Internal Audit and Compliance planning (formal audits, risk reviews).
- Lead internal, external and regulatory audits and compliance reviews: support HR and Audit teams with their engagement, the management of audit activities, the reporting of audit findings and the management and closure of all audit findings. Ensure timely response to and implementation of any audit points / issues raised.
- Ensure lessons learned and best practices are shared across HR, and a central repository of audit points / observations and reports is in place.
Governance:
- Ensure that the Non-Financial Risk Team Meetings in AME are exercising their responsibilities effectively and the requisite information flows are in place and working effectively.
- Embed the Group’s values and code of conduct and ensure adherence with the highest standards of ethics, and compliance with relevant policies, procedures and regulations forms part of the culture.
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.
People and Talent:
- Ensure that resources and infrastructure are adequate to support the management of risk within HR.
- Drive an environment of performance, collaboration and compliance, to ensure issues are raised and blockages are resolved in a timely manner.
- Provide forward-looking leadership to ensure HR Risk is positioned to meet the challenges of the future.
- Champion and act as a role model of the Group’s values and culture.
- Actively contribute to and raise the overall professional competence of the broader HR function.
Key Stakeholders:
- Regional Head, HR, AME
- Regional Management Team, AME
- Country Heads, HR across AME
- HR Management Teams (AME region)
- Senior Operational Risk Officer, Functions, AME countries
- Country Compliance Team (AME countries)
- Audit Teams (AME countries)
Our Ideal Candidate
- 7+ years of experience in aspects of HR Services, HR Operations, Risk & Compliance management
- Certifications on risk and compliance preferred
- Understanding of Hub/Spoke model, Shared Service Centre environment,
- Investigatory mindset, ability to analyse problems & processes based on data sets
- Ability to work effectively across functions/businesses, cross team collaboration.
Application Closing Date
24th March, 2022.
How to Apply
Interested candidates who meet the criteria listed above should apply by clicking on the “Apply” button below:
Apply Here
About Standard Chartered Bank Nigeria
Standard Chartered Bank Nigeria – We attract talented individuals. Not only can they give you the benefit of their experience, they also reveal a closer, more personal look at the wide range of global opportunities we offer. At the core of the Group’s people strategy is our focus on employee engagement. Engagement is a key driver of productivity and performance, which creates the foundation of our performance culture. We encourage and focus on the behaviours that bring out the very best from every employee, assessing their performance not just on results but on how those results were achieved. To further embed these behaviours we have a remuneration programme in place, carefully designed to incentivise our employees to live our values every day.