Job Summary

Financial Strategy and Planning – Contribute strongly to the formulation of SCB Tanzania's strategic and medium-term financial plans and their implementation. Ensure accurate and timely financial reporting and compliance with Local Regulatory and International standards. Raise the level of understanding and awareness of the Bank’s risk and profitability methodologies among SCB Tanzania’s management team and contribute appropriately to their implementation. Monitor and drive compliance with local capital adequacy and reserve asset requirements and draw management attention to any action needed to meet these requirements. Manage the Bank’s tax affairs effectively, keeping management informed, and ensure compliance. Ensure that SCB Tanzania's property portfolio is effectively managed and maintained to the highest standard prescribed in the Local Regulatory and Group policy. Manage operational risk in the Finance function through all applicable policies and by serving as the local Risk Owner for operational risk sub-types under External Rules & Regulations. Implement and monitor compliance with Group/local accounting policies, standards, and procedures.

Responsibilities

Strategy:

• Be a proactive member of the Senior Management Team in Standard Chartered Bank Tanzania Limited and contribute strategically to the leadership and management of the Bank, including achieving business-line objectives.
• Contribute strongly to the formulation of SCB Tanzania's strategic and medium-term financial plans and their implementation.
• Develop SCB Tanzania's business through involvement in strategic planning, marketing, and budgeting.
• Achieve SCB Tanzania's strategic plans and budgets through monitoring and regular and timely reporting to Management and the Local Board.

Business:

• Decision-making on the future direction of the business in Tanzania and day-to-day issues impacting this.
• Control of operating costs and capital expenditure levels, bringing attention to areas where savings could be achieved.
• Advise on the financial and risk implications of resource allocation and other business decisions and review the financial evaluation of proposed projects requiring the support or approval of country management.
• Raise the level of understanding and awareness of the Bank’s risk and profitability methodologies among SCB Tanzania’s management team and contribute appropriately to their implementation.
• Staff development within the Finance Division through involvement in planned programs.

Processes:

Financial Management:

• Serve as an objective source of financial expertise and advice and provide an independent challenge to business issues.
• Support the management of the Balance Sheet.
• Comment on financial performance to local management, particularly drawing attention to favorable and unfavorable trends in operating performance, exposure to unacceptable risks, ways of improving profitability, and management of risk.

Management Accounting:

• Initiate, coordinate, and prepare the consolidation of the country budget and forecasts, including contributing to the setting of performance targets.
• Prepare the monthly management accounts.
• Coordinate the preparation of the Business Unit Reports and ensure that the reports are relevant and focused.
• Provide customer and product profitability information and lead the development and maintenance of product costing standards.

Financial Accounting:

• Deliver accurate and timely financial and statistical information to local regulators.
• Liaise with local regulators on issues arising from financial, statistical, and other reports.
• Monitor compliance with local capital adequacy and reserve asset requirements and draw management attention to any action needed to meet these requirements.
• Ensure that statutory accounts are drawn up in accordance with local requirements in a timely manner.

Head and Regional Office Reporting:

• Submit timely and accurate financial returns prepared using the Group’s accounting policies (or such local variations which have been formally approved by the Group Finance Division).
• Submit the annual statement of compliance with Group Accounting policies.
• Respond efficiently to any queries that may arise.

Central Accounting and Others:

• Maintain accounting records of all transactions undertaken at the head office.
• Ensure that all accounting procedures carried out in the country are documented in a user-friendly way and are kept up to date.
• Contribute to Product Programs by assessing the accounting, taxation, and regulatory implications of proposed new products and ensuring effective management if the product is introduced.

General Ledger Administration:

• Implement and monitor the application of the Chart of Accounts.
• Maintain control over the profit (revenue or income) and cost centers in the General Ledger.
• Ensure that suspense accounts held in the General Ledger are cleared promptly by the department responsible for their reconciliation.

Fixed Asset Accounting:

• Maintain an up-to-date inventory of fixed assets classified by type, age, and location.
• Coordinate and initiate periodic checks of assets and confirm their existence and condition and the accuracy of the accounting records.

Trade Creditor Accounting:

• Ensure authorization procedures are followed before goods and services are ordered and before creditors and staff are paid.
• Check that transactions are in accordance with agreed purchasing policies.
• Ensure the prompt payment of expense creditors, taking advantage of credit periods or discounts for early payment.
• Confirm that expenses are accounted for in the General Ledger in conformity with Group policies.
• Ensure that there are clearly documented procedures for the initiation, recording, and payment of expenses.
• Provide management with regular reports on expense payments and creditors’ accounts and balances.

Taxation:

• Liaise with Group and regional tax departments and local tax advisors to support the effectiveness of the Bank’s tax affairs and the local tax liabilities.
• Manage compliance with the local corporate, income, and other tax regimes (e.g., withholding tax and sales taxes) and minimize the burden of taxation on the Bank.
• Manage the Bank’s tax affairs effectively, keeping management informed.

Insurance:

• Ensure, with the support of local management, that information needed to administer and renew the Group Insurance Programme is accurately gathered, assessed, and communicated to Group Insurance Risk Management.
• Ensure local insurance complies with the law, tariff, or practice and with guidelines set out in the Group Insurance Manual.
• Assess, with local management and/or the local representatives of the Group Insurance broker, what form of other insurance is required locally and purchase this, subject to the prior agreement of Group Insurance Risk Management.

Corporate Real Estate Services (CRES) and Supply Chain Management:

• Ensure that SCB Tanzania's property portfolio is effectively managed and maintained to the highest standard prescribed in the Group.
• Manage any property-related development projects to the satisfaction of the business and provide input into any new development which enhances the property portfolio.
• Ensure the SCB Tanzania purchasing and supplying activities are effectively managed and that costs within these areas are well controlled to the advantage of the Bank.
• Monitor the operational and capital expenditure programmes to ensure adherence to budgeted limits.

People & Talent:

• Provide strong leadership and people development in Tanzania's finance function.
• Facilitate and support the members of the SCB Tanzania Finance team who provide services to management and other members of the Bank.
• Ensure that members of the SCB Tanzania finance team have the necessary product knowledge and accounting skills to provide the necessary support.
• Ensure that the finance function within Tanzania is staffed by appropriately qualified professional staff.
• Evaluate, manage, and develop the skills and careers of finance professionals in Tanzania, including implementing appropriate training programs.
• Increase awareness and understanding of financial management techniques among non-finance members of the Country Management Team.

Risk Management:

• Manage operational risk in the Finance function through all applicable policies and by serving as local Risk Owner for operational risk sub-types under External Rules & Regulations.
• Prudential Standard – Capital.
• Prudential Standard – Liquidity.
• Ensure that the local branch or subsidiary holds sufficient capital and liquidity and remains compliant with regulation.
• As a Risk Owner for the local capital and liquidity regulatory requirements, you are responsible to ensure that the local branch or subsidiary holds sufficient capital and liquidity and remains compliant with regulation.
• Execute second line Risk Ownership responsibilities as outlined under the Operational Risk Framework (ORF) and associated policies and procedures.
• Ensure that required control standards are being met by continuously monitoring 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 plans, taking into account changes to the internal and/or external environment.
• Review, challenge, and support Risk Acceptance Requests made by relevant country Process Owners 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:

• Implement and maintain the Bank’s policies on internal control and risk identification, and the primary responsibility for implementing and maintaining internal financial controls which ensure reliability in financial reporting by providing reasonable assurance that proper accounting records are maintained and that the financial information used within the business or for publication is reliable.
• Implement and monitor compliance with Group/local accounting policies, standards, and procedures.
• Maintain the local General Ledger.
• Prepare complete and accurate financial reports and analyses.
• Monitor key financial risk indicators.
• Contribute to the Improvement of the overall control environment for the Bank.

Operational Risk Management Assurance (ORMA):

• Ensure compliance with the Operational Risk framework including the effective application of risk toolkit (self-assessments, KCIs, CST’s, etc) and reporting.
• Risk control ownership of financial risk - develop and maintain risk identification, and measurement - ensuring that material risk exposures and related issues are reported to the responsible governance committees and to the Board or Board committee as appropriate.

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 Tanzania Business to achieve the outcomes set out in the Bank’s Conduct Principles.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct, and compliance matters.

Key Stakeholders:

Internal:

• Country management team.
• Business Finance Managers.
• Group Taxation Controller.
• Africa Regional Office.
• Group Finance Department.
• Group Market Risk.
• Group Corporate Tax and Treasury.

External:

• Central Bank of Tanzania.
• External Auditors.
• Tax Authorities.
• Insurers.
• Outsourced Companies.

Other Responsibilities:

• Contribute significantly to the quality of decision-making in SCB Tanzania at the top level. A member of the Management Committee and the Assets and Liabilities Committee (ALCO).
• Influence and, in some cases, help in the management of deposits, liquidity, and currency position of the Bank in Tanzania.
• Decision on Finance Division staff training requirements.

Qualification:

• University Degree in Accounting and Finance with professional accounting qualification.
• At least ten years’ experience in financial management and in a financial services environment.
• Professional accounting qualification CPA or ACCA.
• Over 8 years’ experience in a senior financial management and administration position of a Bank or large commercial organization.
• Thorough knowledge of Accounting Principles, taxation, and banking.
• Broad understanding of banking practice.
• Superior knowledge and experience in the utilization of Information Technology in modern business.
• Good communications, interpersonal, and leadership skills.

Role Specific Technical Competencies:

• Key Performance Indicator.
• Effective communication.
• Creativity.
• Planning: Tactical, Strategic.
• Written Communications.
• Marketing strategy and positioning.

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 holidays, which are 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.