Summary
Date Posted: Tuesday, July 30 2024, Base Salary: Not Disclosed

JOB DETAILS:
JOB SUMMARY
• Financial strategy and Planning – Contribute strongly to the formulation of SCB Tanzania 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 amongst SCB Tanzania’s management team and to contribute appropriately to their implementation.
• Monitor and drive compliance with local capital adequacy and reserve asset requirements and draw management attention to any action to meet these requirements.
• Manage the Bank’s tax affairs effectively, keeping management informed about those affairs and ensure compliance
• Ensure that SCB Tanzania property portfolio is effectively managed and maintained to the highest standard prescribed in the Local Regulatory and Group policy
• Manage operational risk of the Finance function through all applicable policies and by serving as local Risk Owner for operational risk sub-types under External Rules & Regulations
• Implementing and monitoring compliance with Group/local accounting policies, standards, and procedures.

RESPONSIBILITIES
Strategy
• To 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 the achievement of business-line objectives.
• Contribute strongly to the formulation of SCB Tanzania strategic and medium-term financial plans and their implementation.
• Development of SCB Tanzania business through involvement in strategic planning, marketing, and budgeting
• The achievement of SCB Tanzania 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 which impact on this
• Control of operating costs and capital expenditure levels, bringing to the attention of Management 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 which require the support or approval of country management; and
• Raise the level of understanding and awareness of the Bank’s risk and profitability methodologies amongst SCB Tanzania’s management team and to contribute appropriately to their implementation.
• Staff development within Finance Division through involvement in planned programmes

Processes
FINANCIAL MANAGEMENT
• Be an objective source of financial expertise and advice and provide an independent challenge to business issues. As part of this should:
• Support the management of the Balance Sheet
• Comment on financial performance to local management, particularly drawing attention to favourable and unfavourable trends in operating performance, exposure to unacceptable risks; ways of improving profitability, and management of risk.

MANAGEMENT ACCOUNTING
Following the leadership provided by the Financial Controller and Business Finance Managers, Business Information in standards and principles for management information, will:
• Initiate, co-ordinate and prepare the consolidation of country budget and forecasts, including contributing to the setting of performance targets
• Prepare the monthly management accounts
• Co-ordinate 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
In addition to applying the standards and principles for financial and UK regulatory reporting established by the Group Chief Accounting Officer, the Chief Finance Officer has the following responsibilities:
• Local Regulatory and Statutory Reporting
• To deliver accurate and timely financial and statistical information to local regulators
• To liaise with local regulator(s) on issues arising from financial, statistical, and other reports
• To monitor compliance with local capital adequacy and reserve asset requirements and draw management attention to any action to meet these requirements; and
• To ensure that statutory accounts are drawn up in accordance with local requirements in a timely manner.

Head and Regional Office reporting
• To submit timely and accurate financial returns which have been prepared using the Group’s accounting policies (or such local variations which have been formally approved by Group Finance Division);
• To submit the annual statement of compliance with Group Accounting policies; and
• To respond efficiently to any queries which may arise.



Education Requirement: No Requirements

Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education:

Job application procedure
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