AVP, Cost Analytics

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.

• The role supports running of the recovery / resolution process driving the cost analytics under different scenario.
• Good understanding of the Recover & Resolution process and the implications on the current upstream and downstream processes that will impact the ability to forecast the entire firm’s cost base under different scenarios.
• Good understanding of the cost base e.g fixed and variable cost and the cost behaviours with respect to the decision to close down a particular segment versus the entire operation in a country/legal entity.
• Adept in running financial modeling under different business wind down scenarios & 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.

• Understanding the control requirements for the Finance processes and ensure requirements are captured and embedded in the new system.

• 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.

• Work on periodical and ad‑hoc requests from 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 own all individual deliverables end to end, working in close with offshore 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 within the timelines.

• 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.

• The role holder will need to support development and stabilisation a newly formed team, working across geographies.

• 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.

• 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 elevate appropriately; and willingness to work in an open and cooperative manner with all.

• 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, elevate, mitigate and resolve risk, conduct and compliance matters.

• Stress Testing Team
• Enterprise Risk Management members
• Key Risk colleagues
• Business leadership
• Risk Transformation Programme Team
• Key…