AVP, Cost Analytics

This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.Job Summary•AVP will be responsible for maintenance, execution & enhancement of a suite of Cost related deliverables to support RRP, OCIR, Group MA11 and TWD. Key ResponsibilitiesBusiness Support •The role supports running of the recovery / resolution process driving the cost analytics under different scenario •Good understanding of the Recover & Resolution process and theimplications on the current upstream and downstream processes that will impact the ability to forecast thethe entire firms cost base under different scenarios •Good understanding of the cost base e.g fixed and variable cost and the cost behavious w.r.t the decision to close down a particular segement Vs the entire opearation ina country /Legal Entity •Adept in running financial modeling under different business wind down scnerios & to be able to articulate the outcome to the senior management / regulator •Drive projects for efficiencies in current manual intensive processes •Key contributor to Identify the(in details) requirements from the new system with a clear vision of the future state •Ensure regular communication of the changes and implications to all teams involved in the process Financial Controls •Understanding the control requirements for the Finance processes and ensure requirements are captured and embedded in the new system Team Leadership and Organizational Effectiveness •Work closely with various teams in the Finance and Project space to ensure requirements from the new system are well captured •Adopt blue sky approach and not be limited by current system capabilities Others •Work on periodical and ad-hoc requestsfrom Group FP&A leadership •Ensure that the quality is not compromised and be on top of all financial activities assigned like Management reporting, Financial Analysis, Variance Analysis •Completely owning all individual deliverables end to end, working in close with onshore Finance stakeholders •Understanding the processes end to end and quick in understanding the ad hoc requirements with ensuring quality and TAT of the output •Understanding all the P&L lines and systems and be able to design and create various MI which can be shared with Businesses/ Functions for taking important decisions •Stakeholder communication and coordination •Upholding the Values of the Group and Company at all times •Compliance with all applicable Rules/ Regulations and Company and Group Policies •Coordinate with business and function team to get the explanation of material cost movement. •Support the cost team to prepare the ICAR report and deliver it with in the timelines Processes •The role holder will need to support the establishment and documentation of all processes and effective controls for the new hub in accordance with the broader stress testing team People & Talent •The role holder will need to support development and stabilisation a newly formed team, working across geographies Risk Management •Ensure all activity adheres to the Enterprise Risk Management Framework, relevant policies and standards, with a specific focus on ensuring an effective framework for the management of operational risks as they pertain to the role. Governance •Demonstrate an awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role. •Deliver 'effective governance'; capability to challenge colleagues effectively, or escalate appropriately; and willingness to work in an open and cooperative manner with all. 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. Key stakeholders •Stress Testing Team •Enterprise Risk Management members •Key Risk colleagues •Business leadership •Risk Transformation Programme Team •Key operations and technology partners / vendors Other Responsibilities •As delegated by Head of Stress Testing from time to time. Qualifications•Experience in cost planning and analytics, variance analysis, understand the cost drivers etc •Familiarity with MRC, FA and Business Intelligence tools (eg. Tableau) •An analytical mind and inclination for problem-solving with strong quantitative skills and attention to detail •CA /CMA/ MBA / MCom / Bcom with 10+ years of relevant experience in FP&A •Effective communication skills, including presenting and influencing senior management •Excellent Excel & PowerPoint skills •Excellent written and oral communication skills •Relationship and stakeholder engagement skills •Initiative and proactive thinking •The role holder should comply with all mandatory e-learning as prescribed from time to time. Skills and Experience•Finance •Risk About Standard CharteredWe're an international bank, nimble enough to act, big enough for impact. For more than 170 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 thingand 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 Are better together,we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term What we offerIn 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-offincluding annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum. Flexible workingoptions based around home and office locations, with flexible working patterns. Proactive wellbeing supportthrough 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 cultureto 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.