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Manager, Financial Reporting At Standard Chartered Bank Nigeria

Date Posted: 14/Aug/2014
Deadline: Not Specified

We attract talented individuals. Not only can they give you the benefit of their experience, they also reveal a closer, more personal look at the wide range of global opportunities we offer. At the core of the Group's people strategy is our focus on employee engagement. Engagement is a key driver of productivity and performance, which creates the foundation of our performance culture. We encourage and focus on the behaviours that bring out the very best from every employee, assessing their performance not just on results but on how those results were achieved. To further embed these behaviours we have a remuneration programme in place, carefully designed to incentivise our employees to live our values every day.

We are recruiting for the position of:


Manager, Financial Reporting
Job ID: 445738

Job Description

  • Prompt delivery of regulatory returns for FC’s approval
  • Act as Tax compliance officer
  • Undertake insurance management
  • Interprets and implements basic accounting standards, tax regulations and local banking laws
  • Guides new joiners and junior staff on routine reporting requirements and processes
  • Initiates data controls and verifies the integrity or reporting schedules with the General Ledger and underlying Transaction Processing systems
  • Assesses the context, rationale and impact of changes in the external reporting environment and is able to articulate these changes both to Finance colleagues as well as business/function stakeholder
  • Analyzes and models the impact of new rules on Bank wide operations and reporting systems after engagement with other departments impacted by the changes
  • Reviews reporting pack and specialized schedules, performing variance analysis within a defined and researched business context whilst linking current performance with future projections, risks and opportunities
  • Assumes ownership of the end-to-end reporting process, taking responsibility for coordination between units within Finance to ensure delivery of the reporting requirements
  • Plays an integral part in any re-engineering reporting process with a mindset for maximizing efficiency and maintaining standardized data quality and integrity
  • Leads and implements local process/system changes across multiple teams within the country.
  • Scans the wider external environment to anticipate, influence and contribute to the development of rules and regulations.

Key Roles & Responsibilities
1.Group Financial Accounting Reports

  • Deliver the following automated Group reports within set deadlines
  • Statutory Pack (quarterly)
  • ICS for statutory pack
  • Financial account/management account reconciliation
  • Other reports as may be required from time to time

2.Local Financial Accounts

  • Prepare the draft consolidated Financial statement
  • Provide all information required for all Finance statutory audits
  • Coordinate the year-end audit

3.Operational Risk Controls

  • Ensure that general and business KCSA’s are performed in line with group OR standards.
  • Acts as UORM for finance operations
  • Ensure that GL controls and Reconciliations in Finance is robust

4.Local Regulatory Reporting

  • Supervise Up load, and review all local and trade regulatory returns timely
  • Act as first point of response and resolution all Local Regulatory Reporting issues
  • Review all other reports/returns required by CBN/ NDIC/FRC/SEC and other regulators
  • Provide all information required for all Regulatory examinations


  • Act as tax compliance officer
  • Manage all tax examinations

6. Reconciliation and Substantiation

  • Ensure all finance owned accounts are reconciled
  • Reconcile SCOPE, the Hub and all cross border recharges/receivable account
  • Manage Insurance desk
  • Perform other duties as may be assigned by Line Manager or the CFO

Qualifications & Skills

  • First Degree from a reputable institution with a minimum of a 2nd class degree.
  • ACA or ACCA
  • Professional qualifications in Accounting and Finance e.g. ACCA, ACA plus at least seven years work experience in Regulatory and Financial reporting department of a financial institution.
  • Understanding of International Financial Reporting Standards (IFRS) and its impact of the bank’s financial reporting.
  • Good working knowledge of the Group Accounting practice and Local Regulatory requirements supplemented by all round Banking experience.
  • Working knowledge of Accounting/Banking systems is essential for the extraction and processing of data from the system.
  • Understanding of the GL accounts is essential in assessing whether the trend of an account is irregular and requires immediate management attention.
  • Good communication and interpersonal skills are essential in dealings with both internal and external customers.
  • Ability to work in a busy and strenuous environment for long hours in order to meet set deadlines.
  • High level of computer literacy is required for processing data in various packages


Method of Application

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