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Bahrain Finance Analyst, Financial & Regulatory Reporting

  • Location
    (BAHRAIN) and Manama
  • Job Reference
  • Functional Area/Experience
    Business, Accounting & Finance / 1 Year

Job Description & Qualifications

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.  

To us, good performance is about much more than turning a profit.  It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good. 

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities


  • Refocusing for a stronger Finance: Streamline how we operate and ease workload while also reducing cost. We continue to refocus the function, seeking opportunities to eliminate complexity and duplication in our services and ensure we align our resources more closely with the businesses.


  • Awareness and understanding of regulatory, financials reports in which the branch operates as well as Group Business Expenditure Standard and procedures


The job purpose is primarily as below:

  • Responsible for Regulatory Reporting for Finance
  • Facilitate / co-ordinate expense processing done at R2P GBS,
  • Facilitate / co-ordinate expense processing in country
  • Assist cost management in Bahrain through effective financial business support to the Finance Manager /.
  • Provide effective financial support to other finance customers like Statutory Auditors, Group Auditors Local Regulators, Other Support Functions, etc.
  • Maintain an effective control environment ensuring that all regulatory and financial control requirements are met.
  • Ensure compliance and implementation of Group standards and policies as also local regulatory policies impacting Finance.
  • It involves effective financial support to key finance customers – Group and Regional Finance, GBS and Tax
  • Be a value-added, professional and cost-effective finance service provider to all interested parties, within and outside the Bank.

Financial and Regulatory Reporting & Accounts Payable activities

  • Prepare regulatory returns in accordance with the CBB guidelines.
  • Confirm the accuracy, perform a variance analysis with the previous submission and ensure that all returns are submitted by the due dates.
  • Liaise with CBB on Regulatory matters relating to Finance.
  • Maintain adequate documentation in respect of regulatory returns.
  • Ensure adherence to the Cash Reserve requirement guidelines. To advise Treasury Markets of any increase / decrease monthly and the advice entries for the same on the first day of the month.
  • Manage the delivery of ad hoc information requests and any other aspects of information delivery.
  • Ensure accurate and timely Financial Reporting to Group Finance, Statutory Reporting to Local Regulators, Annual Financials to KPMG / Local Regulators.
  • Ensure compliance and implementation of Group accounting policies and standards, including IFRS.
  • Coordinate with business finance to get quality analysis of results and financials: income, cost, debt charge, yields and balance sheet.
  • Drive the improvement of processes regarding the above with a view to enhancing cost effectiveness, efficiency, accuracy and integrity of the numbers reported and analysed.
  • Facilitate / co-ordinate expense processing done at R2P in GBS and expense processed in country. In line with the Group Business Expenditure Standard and Procedure as well as Group Delegated Authorities.
  • Ensure adherence to Group Delegated Authorities.
  • Ensure that the invoices are VAT compliant to optimize the efficiency and facilitate accuracy in expense processing at GBS and in country.
  • Maintain a proper filing system for expenses.
  • Ensure controls for manual payments process

Fixed Assets Management

  • Ensure adherence to the Group Accounting Policy
  • Check the entries for depreciation are correctly coded for the account no. and the cost center no.
  • Maintain an up-to-date Fixed Assets register and ensure reconciliation of the register to the GL monthly
  • Coordinated the physical verification of fixed assets conducted by performed by the respective Cost Centers (into which the fixed assets are booked) / Information Technology

Finance System Support 

  • Identify gaps/mismatch in PSF/ /FINIS impacting group/regulatory reporting

People and Talent 

  • Lead through example and build the appropriate culture and values.  Set appropriate tone and expectations from the team and work in collaboration with risk and control partners.
  • Ensure the provision of ongoing training and development of people to mitigate any risks.

Risk Management

  • Identifying, assessing, monitoring, controlling and mitigating risks to the branch, as well as an awareness and understanding of the main risks facing the branch and the ability to interpret the branches (DBU and OBU Bahrain) financial information, identify key issues based on this information and put in place appropriate controls and measures. Act as the process risk control owner under the Group’s Risk Management Framework (including relevant Operational Risk Framework ownership
  • ORF Finance operational risk, controls and governance (First line process owner for Financial, Regulatory and Group Business Expenditure Standard and Procedures process)


  • Responsibilities relating to the direction, planning, structure, frameworks for processes and policies and oversight.
  • Awareness and understanding of the regulatory framework, in which the Branch operates, and the regulatory requirements and expectations relevant to the role.
  • Awareness and understanding of the Group Business Expenditure Standard and Procedure and ensure compliance.

Regulatory & 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.
  • Take personal responsibility for achieving the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial reporting; Financial Crime Compliance; The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • CBB prescribed responsibilities.

Key Stakeholders


  • Chief Financial Officer, Bahrain
  • Business Finance Managers
  • Group Finance
  • Group / regional Tax
  • SCB Bahrain Staff (for accounts payable related tasks)
  • Group Auditors
  • Regional Tax Managers.


  • KPMG External Auditors
  • Regulators (Central Bank and NBR)

Our Ideal Candidate

  • Certifications / Professional Education/Qualifications in accounting are required.
  • Relevant years of experience in similar or relevant role.

Apply now to join the Bank for those with big career ambitions. 

To view information on our benefits including our flexible working please visit our career pages.

Job Skills/Competencies Required

Apply now