Finance Analyst

Standard Chartered Bank

Standard Chartered Bank is recruiting a Finance Analyst, to be based in Luanda, Angola.
Financial Controls
  • Ensure all FCP requirements relating to reconciliations are met onshore
  • Perform reconciliation on all suspense and sundry accounts in line with signed-off frequency in the account ownership. Follow up on all outstanding reconciliation issues from GFS for closure. This includes FCS loading by Group's required timelines with high level of quality
  • Monitor and reconcile all accounts that FCP requires periodic reconciliation including but not limited to the below
  • General Provisions and Accruals
  • Prepayments
  • Hedge Accounts
  • WIP Account
  • Accounts Payable Clearing
  • Staff Advance
  • Tax Accounts
  • Other assigned accounts as and when necessary
  • Ensure appropriate filling of all supporting documentation for reconciliations and substantiations by Finance and periodically review filling for account owners outside Finance.
  • Work closely with the Africa Intercompany team to ensure intercompany balances agree with counterparty balances and there are no material differences in line with local auditor materiality requirements
  • Carry out monthly trial balance review and ensure all identified exceptions are escalated to appropriate unit for resolution. Respond to queries on daily TB reviews raised by GFCU
  • Perform Key Control Standard assessment assigned for Management and Regulatory Reporting activities
  • Maintain up-to-date DOI on all reconciliations and ensure all other DOIs are up to date
  • Liaise with GFCU regarding request for substantiation documentation
  • Respond to all TP vr GL queries relating to Finance and ensure all root cause of exceptions are fixed from source
  • Respond to all queries from Global FCU
  • Ensure Finance risk issues are appropriately logged in EORP and there are no overdue issues
  • Carryout monthly analytical review of financial P&L and balance sheet
Financial Reporting
  • Carryout IFRS reporting during quarter ends and ensure packs are submitted in line with Group timelines
  • Carryout reporting required by the Capital Market Commission of Angola
  • Carryout monthly cost reviews and ensure costs are booked in appropriate accounts and cost centres
  • Book monthly accruals and ensure country cost doesn't have significant variations month on month because of incorrect bookings
  • Carry out critical adhoc critical requests for Finance
  • Support CFO on Administrative issues
  • Serve as Aspire Champion for Finance and keep the CFO informed on all updates regarding Aspire
  • Lead Finance projects and ensure they are effectively delivered
  • Any other responsibilities assigned
Risk Management
  • This applies to all Operational Risk subtypes owned by Finance (External Rules and Regulations- Accounting and Financial Reporting, Regulatory Reporting and Tax)
As a Process Owner
  • Manage overall design and outcome of the end-to-end process. And also own the process output performance in terms of client service, financial performance and risk where appointed as Process Owners. Operate 1st line responsibilities of Process owners as outlined under Enterprise Risk Management Framework (ORF) and associated policies and procedures
  • Including, but not limited to the following:
  • Identify, assess, treat and monitor significant operational risks
  • Submit gross risk and residual risk ratings with rationales for approval by authorized Risk Owners
  • Propose risk acceptance requests with justification to the authorized risk acceptance authority and abide by any conditions of acceptance
  • Promptly execute any remediation or risk treatment actions in order to remain within risk tolerance
  • Record and maintain a record of all formal risk assessment and risk acceptance decisions in the Operational Risk systems
  • Review all KRIs, KCS and KCSA reports of the unit and ensure RRAs are completed for processes assigned
  • To report Finance OR issues and reporting of losses to CFO
  • To assist the CFO in developing and updating of procedures, controls and monitoring plans for Operational Risk
  • Act as OR coordinator for the section
  • To adhere to the agreed KCSA plans and approach
  • To identify and report all exceptions on non-compliance with standard controls
  • To identify and report all weaknesses inherent in the standard controls
  • To maintain proper record keeping on all KCSA related activities
  • To maintain independence in the conduct of KCSAs i.e. not selecting and reviewing sample of self-performed transactions
  • Our Ideal Candidate
  • A financial accounting degree e.g. Bachelor of Accounting, Bachelor of Science in Administration or Bachelor of Commerce
  • Partly Certified CA/ACCA/CFA is preferred
  • Basic knowledge in banking and accounting
  • Good understanding of banking practice
  • High level of computer literacy and ability to effectively use excel
  • Only shortlisted applicants will be contacted
  • To view information on our benefits including our flexible working please visit our career pages
This vacancy is no longer accepting applications


  • Entity Standard Chartered Bank
  • Location
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  • Published 14.01.2020
  • Expires 28.01.2020
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