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Job Summary

Job Title:
Manager, Internal Financial Control
Employer:
Stanbic Bank
Location:
Country:
Uganda
Contract Type:
Full Time
Job Category:
Finance Jobs
Number of Positions:
1
Deadline:
Friday, 29 November 2024

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About the Organisation

Stanbic Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings Limited which is in turn owned by Standard Bank Group Limited (“the Group”), Africa’s leading banking and financial services group. The Standard Bank Group is the leading banking group focused on emerging markets. It is the largest African banking group ranked by assets and earnings. Stanbic Bank Uganda Limited is the largest bank in Uganda by assets and market capitalization. It offers a full range of banking services through two business units; Personal and Business Banking (PBB), and Corporate and Investment Banking (CIB).

Manager, Internal Financial Control job at Stanbic Bank | Apply Now

Kampala, Uganda

Stanbic Bank is one of Uganda's largest and most reputable financial institutions, known for its extensive range of banking products and services tailored to meet the needs of individuals, businesses, and corporations. As a member of the Standard Bank Group, which is Africa's largest banking group by assets, Stanbic Bank benefits from a strong financial foundation and access to a broad network of resources and expertise.

The bank offers a variety of services including personal banking, business banking, corporate and investment banking, and wealth management. Stanbic Bank's personal banking services include savings and current accounts, loans, mortgages, and credit cards, designed to help individuals manage their finances effectively. For businesses, the bank provides customized solutions such as business accounts, trade finance, and cash management services, aimed at supporting the growth and operational efficiency of SMEs and large enterprises.

Stanbic Bank is also a leader in digital banking innovation, offering advanced online and mobile banking platforms that provide customers with convenient, secure, and efficient access to their accounts and banking services. This commitment to technology ensures that clients can manage their finances anytime and anywhere, enhancing their overall banking experience.

The bank is deeply committed to corporate social responsibility, actively participating in initiatives that promote education, health, and economic development in Uganda. Through programs such as the Stanbic National Schools Championship and various community development projects, the bank invests in the future of Ugandan society, reflecting its dedication to making a positive impact.

Stanbic Bank's strong reputation for reliability, customer service excellence, and financial stability makes it a trusted partner for individuals and businesses alike. Its strategic focus on innovation, community engagement, and sustainable growth positions Stanbic Bank as a key player in Uganda's financial sector and a driver of economic progress.

Are you looking for Finance jobs in Uganda 2024 today? then you might be interested in Digital Manager, Internal Financial Control job at Stanbic Bank

Full Time

Deadline: 

29 Nov 2024

Job Title

Manager, Internal Financial Control job at Stanbic Bank

Stanbic Bank

Job Description

Job Title:  Manager, Internal Financial Control

Organisation: Stanbic Bank Uganda Limited

Duty Station:  Kampala, Uganda

Duties, Roles and Responsibilities

Qualifications, Education and Competencies

See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.

All candidates who wish to join the one of Africa’s biggest Banking Groups, Standard Bank in the aforementioned capacity are encouraged to Apply Online by visiting the Apply Button below.


Deadline: 29th November 2024


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How to Apply

Responsibilities:

  • To drive the overall integrity and accuracy of the General Ledger as a basis for the preparation of financial and management reports,

  • Ensure appropriate financial controls are implemented across the bank to support integrity of the General ledger and Preparation of Internal financial control reports. 

  • To take responsibility for daily and monthly Global Markets Balance Sheet and Income Statement controls for a subset of countries within the Africa Regions.

  • You will also be responsible for ensuring standardization, review, control as well as management, training and coaching of Stanbic Uganda staff.

  • Key custodian of the General Ledger, Chart of Accounts, and the repository for all Financial and Management information for the Bank.

  • Monitoring all internal balance sheet account movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken timeously.

  • Reviewing of monthly general ledger reconciliations to ensure that outstanding items are timeously cleared, resultant entries processed, and the amounts reflected in the general ledger appropriately supported.

  • Review of suspense accounts to ensure that these are cleared daily.

  • Perform regular reviews on all units conducting reconciliation and drive corrective actions were gaps are noted.

  • Sign off on the validity, accuracy and completeness of the Global Markets balance sheet.

  • Reconciliation of ledger balances back to source system.

  • Explain movement on the balance sheet and attribute these to movement in positions as well as market.

  • Deliver accurate (Profit & Loss) P&L reports (daily, weekly & monthly) analysis and commentary to business, and other stakeholders without delay.

Manager, Internal Financial Control job at Stanbic Bank

SERVICES

COMMERCIAL

SERVICES

INDUSTRIAL

SERVICES

RESIDENTIAL

Education:

  • A bachelor’s degree in Accounting, Economics, Finance, or a closely related field is mandatory.

  • ACCA level 2, or CFA level 1 with demonstrable, comprehensive accounting knowledge is required.

  • A minimum of 5 to 7 years in a high-pressure Finance/Accounting environment is necessary.

  • In-depth understanding and application of International Financial Reporting Standards is imperative.

  • Substantial, proven experience across the entire Finance and Accounting value chain is required.

  • Additional Information


Behavioral Competencies:

  • Adopting Practical Approaches

  • Checking Details

  • Documenting Facts

  • Examining Information

  • Following Procedures

  • Interacting with People

  • Interpreting Data


Technical Competencies:

  • Automation

  • Financial Accounting

  • Financial Analysis

  • Financial and Accounting Control

  • Financial Consolidation

  • Management Accounting

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