The British Council builds connections, understanding and trust between people in the UK and other countries through arts and culture, education and the English language.
We work in two ways – directly with individuals to transform their lives, and with governments and partners to make a bigger difference for the longer term, creating benefit for millions of people all over the world. We help young people to gain the skills, confidence and connections they are looking for to realise their potential and to participate in strong and inclusive communities. We support them to learn English, to get a high-quality education and to gain internationally recognised qualifications. Our work in arts and culture stimulates creative expression and exchange and nurtures creative enterprise. We connect the best of the UK with the world and the best of the world with the UK.
These connections lead to an understanding of each other's strengths and of the challenges and values that we share. This builds trust between people in the UK and other nations which endures even when official relations may be strained. We work on the ground in more than 100 countries. In 2019-20 we connected with 80 million people directly and with 791 million overall, including online and through our broadcasts and publications.
Role Type: Fixed Term – 9 months
Pay Band: 8
Location: SSC, Noida
The Senior Manager, Financial Governance plays a key role in delivering high-standards of financial control, process performance, risk-management and compliance across the British Council’s global operations. They are responsible for supporting the delivery of:
- all aspects of finance control, compliance and risk management.
- financial risk-management and compliance control frameworks, ensuring that they are fit for purpose and updated as the organisation and operational environment change; and
- reporting financial risk and compliance data to regional and global finance leadership teams and working with them to mitigate finance risks and improve financial control in the organisation.
The role-holder will report directly to the Head, Centre of Excellence, Finance Delivery and leads the SSC FG team that supports the corporate Financial Policy and Governance Manager.
They work with multiple stakeholders globally, particularly supporting Regional Heads of Financial Risk and Control.
The role-holder will make an important contribution to the provision of finance services to their customers and bringing innovation.
- Ensure that their workforce are aware of the information security policies and comply with them
- Ensures that the team complies to ISO 27001 and IGA related requirements
- Send account opening requests effectively
- Disable accounts immediately for leavers and Absconders /on long leaves
- Document and monitor / review access levels of his/her team
- Provide security awareness and education to team
- Manage Records to ensure compliance to Freedom of information act
- Ensure incidents of their respective functions are closed within SLAs
Accountabilities, responsibilities and main duties:
Financial Control and Compliance framework
- Ensure that key financial risks are identified and monitored
- Ensure that there is a fit for purpose financial control and compliance framework and that Minimum Control Standards (MCSs) are defined and effectively monitored, and that remediation actions to address control weaknesses are identified and monitored.
- Work with stakeholders to ensure that the MCSs are developed over time and continue to address the most important and highest risk compliance areas. This includes monitoring changes to processes, automation of controls and new risks; considering the results of compliance monitoring and updating MCS accordingly.
- Work with stakeholders to ensure that there are appropriate assurance mechanisms in place to monitor risks and controls not monitored through the MCS. Contribute to the design and operation of these other mechanisms. Work with other assurance providers, including Internal Audit to ensure that the overall compliance framework is comprehensive and proportionate.
- Bring in best practice from elsewhere.
- Work with other stakeholders, including Global Process Owners and others in the Shared Services Centre to identify controls that can be centralised and/or automated.
- Contribute to design and delivery (either direct or through Regional Risk and Compliance network) of controls testing.
- Support identification of risk measures to be monitored centrally, develop and oversee delivery of reports to monitor these risks and related controls, and distribute to those responsible for monitoring and taking action.
- Produce, or co-ordinate production with others of reports necessary to support compliance reporting.
- Drive continuous improvements and efficiency in reporting, including automation and centralisation of reporting, use of real-time data and improved data analysis and presentation. Contribute to a coherent reporting framework of key measures to relevant stakeholders using consistent measures of performance.
- Work with Counter fraud team to produce relevant reports or dashboards to monitor fraud related risks.
- Manage the process and system for recording , processing and quality review of losses, including reconciliation with accounting records. Work with stakeholders to ensure accurate and complete reporting. Identify, develop and implement improvements to these processes.
- Supporting year end activities with regard to preparation of financial statements , notes to accounts, audit committee losses reporting including FCDO quarterly reporting .
Training and guidance
- Help design financial control and risk training and development, and ensure that comprehensive guidance is in place
Other projects related to control and compliance
- Supporting the improved identification of, and reporting of, financial risk
- Developing and embedding risk and control matrices
- Integrating the compliance framework, and reporting on its effectiveness, with the period end close process.
- Supporting Heads of Risk and Compliance network – obtain feedback from them
- Supporting projects to improve financial and operational controls across the organisation. Ensure that effective and proportionate controls and reporting structures are embedded in new business processes and systems
- Continuous review of processes to identify opportunities for automation and reduce turnaround time for completing the activities.
- Hire, manage and develop the Financial Governance team members.
- Manage workflow between team members and ensure business continuity of the process with back up planning within the team members.
- Develop an open and supportive work environment. Address conflicts or issues within the team in a positive and open manner and provides clear feedback to team members.
- Hold regular performance and development conversations and provide feedback to support and enable high performance
Skills and Knowledge
- Financial control and compliance
- Governance and Reporting
- COSO framework, ICoFR and SOX 404
- Excellent stakeholder management and analytical skills
- Knowledge of data visualisation tools(i.e. PowerBI, SAP BI etc.)
- SAP ERP processes
- Internal audit
- Preparation of reports on Power BI
- Project management
- Statutory reporting both local and group
- Grant/contract accounting and management
- Knowledge of finance process (Treasury operations, FP&A , AP, AR etc)
- Operating in international and multi-cultural organisations
- Finance Risk management and Compliance
- Flexibility, independence and initiative to perform successfully in a rapidly changing environment.
- Managing stakeholders
- Experience of developing and optimising SAP applications
- Shared Services Operations
- People skills to implement change programmes
- Governance in a group structure
Qualified accountant with proven experience of successfully managing and delivering similar roles.
Post Qualification experience of 10 + years
Closing date and time: Friday, April 16th, 2021 (23:59 CET)
A connected and trusted UK in a more connected and trusted world.
The British Council is committed to a policy of equality and to valuing diversity and is keen to reflect the diversity of the societies in which we work at every level within the organisation. We welcome applications from all sections of the community. We aim to abide by and promote equality legislation by following both the letter and the spirit of it to avoid unjustified discrimination, recognising discrimination as a barrier to equality of opportunity, inclusion and human rights. All staff worldwide are required to ensure their behaviour is consistent with our policies.
The British Council has Disability Confident Employer Status. We offer a guaranteed interview scheme for disabled applicants who meet the essential criteria for the role. Applicants are encouraged to highlight any specific requirements or adjustments needed to enable participation in the recruitment process.
The British Council is committed to safeguarding children, young people and adults who we work with.
We believe that all children and adults everywhere in the world deserve to live in safe environments and have the right to be protected from all forms of abuse, maltreatment and exploitation as set out in article 19, UNCRC (United Nations Convention on the Rights of the Child) 1989.
Appointment to positions where there is direct involvement with vulnerable groups will be dependent on thorough checks being completed; these will include qualification checks, reference checks, identity & criminal record checks in line with legal requirements and with the British Council’s Safeguarding policies for Adults and Children.