VP Property Finance - Investments-2300020829

The Role Responsibilities

Job Role

• Lead for Investment management (projects over $1m).
• Tracking of Investments Costs and its trajectory.
• Booking model management review and advise standardisation of booking processes globally.
• WIP management.
• Forecasting of Investments Costs and reporting at the right forum to highlight risk / opportunities and actions.
• Reporting and reconciliation of Opex / Capex between Clarity and the General Ledger.
• Project PED Finance review and oversight.

Strategy

• To partner with the Property Function by way of providing financial guidance and control to Property Investment spend which allows the heads of Property to implement the Bank’s office strategy.
• Partner with Property function with managing investment and to provide transparency of their investment costs (tracking, monitoring and forecast review).
• Support Property function to improve the financial management of each regions investment by mentoring, training and process re-engineering.
• Target setting and management of the global Property investment that feeds into Regional Property Programme Governance Forums (PPG) and Corporate Plan process.
• Partner with Property Function and Property Finance to review the current planning model in order to streamline.

Business

• Support the delivery of Properties long-term office strategy.
• Review and support of the PED financials within Clarity for all Property investment projects.
• Establish standardized investment KPIs, tracking financial implications to delays overspend and PnL impact.
• To work with the property Partners and be able to articulate the Strategy with the Financials.
• Management review of the investment financials end to end (PED inception to completion), providing financial projections (costs, benefits, flow-throughs) and associated communications to relevant parties.
• Build strong relationships with key delivery partners.

Processes

• Management of Property investment spend - monitor expenditure against budget, track change requests and budget transfers.
• Implement comprehensive tracking and monitoring process for all Programme / project spend (approved, forecasted, actual).
• Establish standardised management reporting and KPIs to highlight key financial performance trends and variances.
• Fully understand Opex and Amortisation implications of Cash spend and flow-through for outer years.
• Review and oversight of monthly reporting against cash flows and MT Targets, prepare updates to the MT targets when necessary.
• Track and manage risks and opportunities.
• Benefits - own and socialize the Governance, Rules and tracking of the Benefits associated with the property investment.
• Ensure Projects have the correct set up of financials in Clarity, with reconciliations back to Group P&L reporting, inclusive of appropriate capital and PnL spend allocations.
• Review of recharge process to ensure man-days are being correctly captured in both GL and Clarity.
• Work with PMs and Property Finance to establish robust process for financial entry into Clarity.
• Prepare investment reporting for PPG and Property CFO where applicable.
• Review and oversight of Clarity reporting into Tableau and monthly Property Dashboard.
• Consistency and standardization of the preparation of investment financials for Property PEDs.
• Manage and deliver ad hoc work.

People and Talent

• Recruit, train and lead a diverse Investments segment.
• Use technology to enhance accuracy and speed.
• Continuously improve capabilities for value delivery.
• Collaborate with stakeholders to understand financial needs.
• Implement robust risk management and data measures.
• Define an operational roadmap for growth and sustainability.

Risk Management

• Embed Here for good and Group’s brand and values.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Governance

• Facilitate and coordinate multiple deadlines, create cohesive teams, and respond quickly to management requests.
• Adhere to bank / regulatory policies governing data quality and controls.

Regulatory and 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.
• Assist the Lead for GFS Functions Cost Property Team to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.