Associate Manager, FRG Quality Assurance

Job ID: 41336

Location: Chennai, IN

Area of interest: Audit, Accounting & Finance

Job type: Regular Employee

Work style: Office Working

Opening date: 6 Oct 2025

Job Summary

Role

• Quality Assurance (QA) represents the Second Line of Defence and provides independent assurance on Balance Sheet Substantiation submitted by the First Line Account Owners.

• QA will review and challenge the quality of substantiations/reconciliations and aims to perform oversight through their reviews, to ensure satisfying the assertions of existence, completeness, accuracy, cut off, valuation and presentation of the balances established.

Assurance Testing & Sprint/Thematic Reviews

• Perform Balance Sheet Assurance Reviews in alignment with the Framework to ensure compliance with relevant policies and financial controls
• Identify key risks and control weaknesses, escalating issues and collaborate with CFO / Financial Controller / Head Finance / Business Head / Account Owner to agree on actionable mitigation plans / recommendations for resolution
• Conduct Agile/Thematic Assurance Reviews to assess specific financial risk areas and evaluate process, control design and operational effectiveness

Risk Mitigation

• Clearly assess risks and their potential impact, ensuring they are effectively communicated with account owners and promptly addressed
• Collaborate with key stakeholders to develop mitigation plans and action steps to resolve identified issues

Risk Reporting & Escalation

• Provide risk review outcome/ MIS to Risk forums (FORTM, FRC etc).
• Ensure timely escalation of issues and follow up on agreed remedial actions to minimize financial and operational risks
• Interact with Senior stakeholders in Finance on significant observations

Process Improvement & Automation

• Promote a culture of continuous improvement and Identify opportunities for process enhancements, implementing best practices within the unit
• Work with the Process Improvement & Automation Team to develop and implement automation solutions for repetitive tasks and control monitoring

Audit & Compliance Support

• Support internal audit processes, ensuring compliance with financial control policies and regulatory requirements.
• Assist in preparing audit deliverables, responding to audit queries, and implementing corrective actions based on audit findings.
• Ensure that Financial Control Policies of the Bank are well understood and adhered while performing the reviews

Stakeholder & Service Management

• Monitor the quality of service, ensuring they meet agreed Service Level Agreements (SLAs) with internal stakeholders
• Collaborate with stakeholders across Finance, Risk, and Compliance to strengthen financial governance and risk management.
• Manage and support the team/peers, ensuring they have the necessary guidance to execute financial control policies effectively

Strategy

• Strong knowledge of accounting terminology and concepts and ability to apply the rules of accounting and double entry book-keeping in evaluating the Trial Balance

Business

• Demonstrates reasonable understanding of Financial Controls / Policy to be able to highlight issues involving Financial / Operational Risk
• Ability to articulate risk commentaries and effective communication

Processes

• Highlights probable process improvement areas and any activities which may have a scope for enhanced review procedures
• Demonstrates proficiency in MS Excel, PowerPoint and any ACL / CAAT tool will be an added advantage
• Relate the tools with day-to-day task performed to recommend ways to minimize unwanted step and optimize business operations

People & Talent

• Builds strong relationship with internal customers, understands the best practices across geographies

Risk Management

• Does not accept status quo and finds better ways of doing things within the framework principles and policy guidelines

Governance

• Perform and deliver the activities under the Global Assurance Function for the region / countries assigned in GFS Global Assurance Unit

Key stakeholders

• All the CFOs and in country finance teams
• PSC for future migrations to GFS
• Project teams & FMT working on global projects
• Finance all other business units

Skills and Experience

• Strong knowledge of accounting terminology and concepts and ability to apply the rules of accounting and double entry book-keeping in evaluating the Trial Balance
• Demonstrates reasonable understanding of Financial Controls / Policy to be able to highlight issues involving Financial / Operational Risk
• In-depth understanding of risk management and associated control requirements
• Ability to articulate risk commentaries and effective communication
• Confident and courageous to raise and escalate ideas or concerns in a professional and timely manner
• Highlights probable process improvement areas and any activities which may have a scope for enhanced review procedures
• Builds strong relationship with internal customers, understands the best practices across geographies
• Does not accept status quo and finds better ways of doing things
• Demonstrates proficiency in MS Excel and PowerPoint, Relates the tools with day-to-day task performed to recommend ways to minimize unwanted step and optimize business operations

Qualifications

• Qualified Chartered Account with a minimum of 2 - 4 years of post-qualification experience in Finance, Audit, or similar area and University degree – Masters / MBA preferable in Finance or Accounting. People having work experience in banking/multinational companies / Big 4s are preferred

Added advantage

• Ability to self-review, identify issues and investigate / escalate appropriately
• Effective collaborative skills that contribute to positive working relationships with Finance/Business in country
• High level of computer literacy and understanding of business computing environment

About Standard Chartered

We'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 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
• 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 offer

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 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 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.