CFO Malaysia

Job Description - CFO Malaysia (2300021620) CFO Malaysia - ( 2300021620 )

Job

: Audit, Accounting & Finance

Primary Location

Schedule

: Full-time

Employee Status

: Permanent

Posting Date

: 18/Dec/2023, 7:29:29 AM

Unposting Date

: Ongoing Role Responsibilities The Chief Financial Officer (CFO) is a core member of the country management team and a key contributor to the leadership and management of the Country.CFO acts as a critical trusted and strategic advisor to the business and is the lead for all finance country matters. CFO also plays an instrumental role in supporting the broader global Finance strategic, change management and talent agenda. The CFO has specific responsibilities in respect of the following:

• Manages the financial performance and balance sheet optimisation for the Country.
• Contributes to the country business strategy, in particular leading its planning and execution.
• Owns the country financial reporting, accounting, tax, balance sheet management and finance regulatory agenda in the Country – ensuring a robust control environment and full compliance with all applicable regulations.
• Energises and leads a strong country Finance team.
• Plays a key role influencing and executing the Global Finance and Country business strategy.
• Contributes to the formulation of strategic and medium term business plans, providing a robust challenge to the businesses and overseeing execution.
• Be the strategic partner to the Country CEO and Country Business Heads driving a high performing, sustainable business with effective Balance Sheet management.
• Influence the country leadership team as both a constructive challenger and positive catalyst for business change.
• Champion resource allocation and focus on RWA and returns before and after tax.
• Leverage the use of Group FPA and cost management programmes. Drive performance and budget accountability via use of balanced scorecards.
• Manage the balance sheet to optimise liquidity and capital returns while ensuring appropriate risk management.

Processes

• Shape and proactively manage the impact of changing financial and regulatory reporting requirements for the Country.
• Manage the key regulatory agenda for the Country and build an effective working relationship with regulators.
• Ensure the integrity of the financial accounts and accounting controls in Country:
• that the company complies with all legal and regulatory requirements,
• that record keeping meets the requirements of auditors and regulators.
• Provide support for capital, liquidity, regulatory reporting and stress testing relating to BNM, Rubik and MAS requirements.
• Co-ordinate with Group Tax and local tax advisors to support the effective management of the Country’s tax position and local tax liabilities.
• Establish and monitor reliable control systems to ensure a robust risk and control environment in Country.
• Oversee the issuance of financial information, review and approve all externally published financial information.
• Lead the budget and forecast processes in the Country for all businesses and support functions.
• Oversee the financial operations of subsidiary companies and foreign operations.
• Provide oversight of country SCM to ensure compliance with both BNM and MAS outsourcing requirements.
• Oversee country property function in conjunction with regional property management.
• Deliver on country finance change management - notably Project Aspire, process and system, while championing a cultural shift to a data & insight led advisory function.
• Continue to raise the bar on the conduct agenda and ensure exemplary conduct.

People & Talent

• Lead through example and build the appropriate culture and valued behaviours. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
• Lead on the drive for up-tiering and upskilling the Finance Function in the Country, in order to develop high performing teams for the future; inspire and engage people:
• Ensure the provision of ongoing training and development of people and ensure that holders of all crucial functions are suitably skilled and qualified for their roles - ensuring that they have effective supervision in place to mitigate any risks.
• Responsibility to review team structure/capacity plans.
• Employ, engage and retain high quality people, with succession planning for critical roles.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Discharge the operational and compliance risk responsibilities of the Finance function as outlined in ERMF and RTFs.
• Financial books and records – potential for loss or adverse impact due to failure to comply with laws and regulations for financial books and records.
• Tax obligations – potential for loss or adverse impact due to failure to comply with laws and regulations for tax.
• Compliance Risk sub-type
• Financial regulatory reporting – the risk of failure to comply with applicable financial regulatory reporting laws and regulations.
• Accounting and financial reporting – the risk of failure to follow applicable accounting and financial reporting laws and regulations.
• Prudential Capital & Liquidity / Treasury – the risk of insufficient capital / liquidity to comply with Prudential requirements.
• Treasury risk sub-type: the risk of insufficient liquidity or capital required to comply with BAU and stressed requirements.
• Specific to the operational risk sub-types execute second line Risk Ownership responsibilities as outlined under the Operational Risk Framework (ORF) and associated policies and procedures. Including, but not limited to the following:
• 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 Owners.
• Challenge and approve (where appropriate) first line risk identification, residual risk assessments and mitigation plan, taking into account changes to the internal and / or external environment.
• Review, challenge and support Risk Acceptance Requests request made by relevant Country Process Owner(s) for submission to the authorized risk acceptance authority.
• Monitor ‘live’ risks, and jointly with first line owners, ensure that appropriate management action is being taken to mitigate their impact.

Governance 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 Malaysia Finance Team 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.
• Serve as a Director of the Board of:
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.
• Execute director responsibilities to entities where appointed as a Director, to ensure effective oversight and governance in line with local laws and the Group’s polices and risk frameworks.

Key Stakeholders

• 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 Country Finance Team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients, Effective Operation of Financial Markets, Financial Crime Prevention, The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Other Responsibilities

• Country CEO
• Regional CFO
• Country Management Team
• Regional Finance Top Team
• GPMs and GBS Head
• External Board of Directors.

Our Ideal Candidate Qualifications:

• Qualified accountant and/or Masters/MBA in economics/finance/business with a proven track record of success in a variety of Finance leadership roles in global complex Financial Institutions. Strong people leader with ability to lead and grow large teams of international talent. Strong business partner who can influence and effectively challenge C-suite stakeholders. Dynamic leader of teams who role models Bank’s values and purposefully develops long term talent within the function.

Group Mandatory E-learning:

• Anti Money Laundering, Counter Terrorist Financing and Sanctions Fighting Bribery & Corruption – A Practical Guide Global Privacy Awareness Group Code of Conduct Health, Safety and Environment (ISAFE) Information Security Awareness for Everyone Introduction to Operational Risk in Standard Chartered Bank Living with HIV Reputation Risk Competition and Anti-Trust Training

ROLE SPECIFIC TECHNICAL COMPETENCIES

• Manage Conduct
• Manage Risk
• Manage People
• Strategy and Business Model
• Market Knowledge
• External Reporting
• Risks and Control
• Performance Management
• Regulatory and Compliance

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 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. #J-18808-Ljbffr