Key Responsibilities
Strategy
• Ensuring alignment with country stakeholders on the development and execution of country specific strategic goals regarding Country Financial Regulatory Reporting (FRR).
• Identifying and implementing best practices to enhance reporting efficiency and accuracy
• Drive productivity and achieve cost efficiencies through continuous improvement initiatives.
• Exhibit strategic thinking in driving & managing change
• Manage key stakeholder relationships, including direct & indirect stake partnerships.
• Display Independent and Confident attitude with abiligy to work under pressure and handle multiple assignments.
• Contribute to the Bank’s strategic & operational agenda by accepting & executing assignments over & above functional responsibilities.
Business
• Understanding and articulating country specific regulatory requirements, FRR metrics computation and methodologies, and regulatory parameters and key drivers.
• Understanding banking products and country specific business context and correlating these to local regulatory reporting.
• Translating relevant local financial regulatory requirements into business and functional requirements and driving the discussion with country stakeholders across Finance, Treasury, Risk, Data, IT and the Business for ongoing compliance in local regulatory reporting.
• Maintaining effective communication with stakeholders to understand their requirements and queries and provide necessary execution and consultation support.
Processes
• Ensuring accurate and timely submission of all required local regulatory returns to relevant senior stakeholders and/or regulatory authorities ( like RBI for India, MAS for Singapore and so on) , where appropriate.
• Provide day-to-day delivery management to the team
• Ensuring all queries for submitted reports are addressed within timelines including any ad hoc requirements in respect to processes managed.
• Ensuring the operational efficiency, accuracy and completeness of the reports are monitored with appropriate KPIs.
• Establishing robust governance and controls for the reporting process including the requirements to manage report quality and operational control. This includes expected data quality monitoring required in the reporting standards for regulatory reporting.
• Continuously striving for process optimization to enhance production efficiency and reduce errors.
• Leveraging technology and automation tools to streamline reporting processes.
• Supporting the transition of changes into BAU effectively that is aligned with the Bank’s regulatory and technology objectives.
People & Talent
• Planning and allocating resources effectively to meet reporting deadlines and regulatory requirements.
• Developing the team to build capacity and elevate team capabilities at pace with evolving regulatory and business demand.
• Providing guidance, training and mentorship to the GFS regulatory reporting team on technical knowledge, best practices, and technologies.
• Building relationships to improve collaboration across country and GFS functions to resolve issues and implement changes for local regulatory reporting.
Risk Management
• Monitoring and ensuring that appropriate BAU and Change governance and controls are followed across all production and transformation activities.
• Overseeing the maintenance of comprehensive documentation of reporting processes, standards and controls.
• Coordinating with internal and external auditors to facilitate audits and reviews.
• Identifying, monitoring and escalating as and when required key issues in the regulatory reporting process leading to material errors in regulatory returns.
Governance
• Monitor and ensure that appropriate Change governance is followed across all transformation initiatives. Represent the function at the governance forums in place for tracking change initiatives and influence decisions in respect of the change backlog, prioritisation, choice of technology tools and the operating model.
Leadership Qualities & Characteristics
• Upholding high ethical standards and ensuring all reporting activities are conducted with integrity and transparency.
• Promoting a culture of diversity and inclusivity, compliance and ethical behaviour within the team.
• Inspiring proactive and innovative behaviours in the team to continuously improve performance and strive for excellence.
• Leaders should be hands-on to undertake activities/tasks on their own as the role demands while supporting and managing other members of the team
• Self motivated and able to work independently and to proactively seek guidance from others as needed.
• Strong team player and has the capacity to build good working relationships with cross functional / geographical teams
• Positive outlook and a desire to stretch themselves to achieve both personal and functional success.
• Demonstrate leadership under pressure situations and demonstrate the ability to cope with tight deadlines and constraints.
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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
• GPO/GPM, Capital & Liquidity & FRR
• Country Regulatory Reporting – CFO, Financial Controller and Country Leads
• Credit and Market Risk functions – Functional Heads and Leads
• Technology and PSS – Head and Leads across PSS and Technology
• Change Management - Head and Leads across Financial Regulatory Reporting Change
Skills and Experience
Specific Skill set:
Technical
• Understanding of the bank’s products and services with specialisation in at least one of FM, CIB, or Treasury products
• Local Financial Regulatory reporting experience
• Financial Reporting skillsets. IFRS accounting & experience
• Fundamental understanding of Financial Statements & Balance Sheet Management
• Robust understanding of the Regulatory Framework & Taxonomy associated with Financial Regulatory Reporting
• Conceptual knowhow of Balance Sheet Management metrics and its calculation methods – Liquidity, IRRBB, Capital may be beneficial.
Soft Skills
• Very good written and verbal communication skills
• Ability to engage with senior stakeholders.
• Excellent Interpersonal Communication
• Strong Business Writing skills
Technology orientation (what will give the candidate an edge)
• Knowledge of Python
• SQL Platforms
• Knowhow in deploying AI and ML solutions to mechanise processes and achieve scale.
Leadership
• Encourage teams to set ambitious goals aligning to Bank’s aspirational vision
• Manage sizeable teams and navigate the matrix; Coach and help the team to develop and grow
• Ability to build trust with team through asking/listening to feedback; partner and influence senior stakeholders in the Businesses and Functions
• Take timely actions and make bold decisions aligning to goals, champion strong conduct.
• Strategic thinking and a mindset to drive continuous improvement.
Priority Technical Skills
Financial Analysis & Reporting
• Creates and maintains accuracy of financial reports and statements required for reporting (internal and external) leveraging key processes and tools within the Bank.
• Ability to prepare, analyse, and review financial reports to evaluate the Bank's financial performance and/or regulatory compliance
Financial Products and Markets
• Understand and apply knowledge pertaining to SCB customer segments, product groups and the linkages of product vs. capital and liquidity.
Data Gathering
• Knowledge of and ability to utilise tools (e.g. SQL), techniques and processes to interrogate and extract data for analysis and reporting purposes.
Risks & Controls
• Covers the Group’s Enterprise Risk Management Framework (ERMF) approach and governance infrastructure needed to identify, assess, mitigate and escalate Finance risks. These include accounting principles, policies and procedures around regulatory reporting, balance sheet management, tax, product and valuation control.
Operational Risk
• Knowledge of policies and key frameworks to identify, measure, and monitor risks / compliance relating to the potential financial loss from inadequate or failed internal processes, technology events, human error or from the impact of external events
Balance Sheet Management
• Assesses, optimises and monitors the Bank’s / business function’s balance sheet to protect financial health, enhance financial resilience, ensure regulatory compliance, and support business growth aligning with the bank's strategy.
Only required for “Capital & Liquidity Reporting” and is only beneficial for this role
Capital Management
• Understand and apply knowledge pertaining to the external capital markets, regulatory requirements and thresholds, and the Group’s capital structure to support managing capital positions, metrics and capital risks, including stress tetersting, reporting and optimising the Group/Country capital resources and usage.
Only required for “Capital & Liquidity Reporting” and is only beneficial for this role
Liquidity Management
• Understand and apply knowledge of external markets, regulatory requirements and thresholds, to support managing the Group's short-term liquidity obligations as well as liquidity levels and risks, including stress testing, reporting and optimising the Group/Country liquidity positions and resources.
Only required for “Capital & Liquidity Reporting” and is only beneficial for this role
Interest Rate Risk (IRR) Management
• Leverages Interest Rate Risk (IRR) Management tools, techniques and processes within the Bank to assess and control the Bank’s and/or clients’ exposure to IRR in adherence to established guidelines and regulations.
Only required for “Capital & Liquidity Reporting” and is only beneficial for this role
Liquidity Risk
• Identifies, measures, manages and monitors risks relating to the lack of ability of organisations to meet financial obligations without making catastrophic losses when selling investments / assets to cover obligations.
Only required for “Capital & Liquidity Reporting” and is only beneficial for this role
Credit Risk
• Identifies, measures, manages and monitors risks relating to borrowers’ failure to repay loans or meet its financial obligations to the Bank.
Understanding of Credit Risk Weighted Assets (RWA) methodologies, critical data elements, calculation and reporting operations and functionalities along with controls.
Only required for “Capital & Liquidity Reporting” and is only beneficial for this role
Market Risk (Advanced ‘Entry’ for IRRBB)
• Identifies, measures, manages and monitors risks arising from changes to market variables impacting prices and volatility (e.g., interest rate changes, commodity price changes), on a local, regional and global level.
Only required for “Capital & Liquidity Reporting” and is only beneficial for this role
Financial Products and Markets
• Understand and apply knowledge pertaining to SCB customer segments, product groups and the linkages of product vs. capital and liquidity.
Financial Analysis & Reporting
• Creates and maintains accuracy of financial reports and statements required for reporting (internal and external) leveraging key processes and tools within the Bank.
Ability to prepare, analyse, and review financial reports to evaluate the Bank's financial performance and/or regulatory compliance.
Data Gathering
• Knowledge of and ability to utilise tools (e.g. SQL), techniques and processes to interrogate and extract data for analysis and reporting purposes.
Risks & Controls
• Covers the Group’s Enterprise Risk Management Framework (ERMF) approach and governance infrastructure needed to identify, assess, mitigate and escalate Finance risks. These include accounting principles, policies and procedures around regulatory reporting, balance sheet management, tax, product and valuation control.
Other Technical Skills
Financial and Accounting Systems
• Knowledge of functions, features and capabilities of financial and accounting systems; ability to use financial and accounting applications specific to the organisation for business and/or regulatory purposes.
Standard Operating Procedures
• Knowledge of established standard operating procedures (SOP) and ability to design, implement and evaluate standard operating procedures affecting daily and strategic business operations in order to increase operational efficiency.
Financial Process Documentation
• Knowledge of appropriate techniques and ability to accurately and thoroughly document financial processes in accordance with established standards and regulatory requirements, guidelines and expectations (where applicable).
Product Line (Financial Markets (FM))
• Understands FM products / services provided by the Bank.
• Develops and manages the Bank’s overall FM products / services strategy and implementation.
Product Line (Transaction Banking (TB))
• Understands TB products / services provided by the Bank.
• Develops and manages the Bank’s overall TB products / services strategy and implementation.
Data Analysis and Visualisation
• Scopes and shapes business requirements into feasible and specific data analysis tasks.
Interprets data according to defined requirements to obtain business insights, including the use of statistical and predictive modelling techniques and practices for analysis.
• Communicates data findings and insights through data storytelling to key stakeholders through dynamic visual display of data.
Business Acumen
• Understands the Bank’s vision, business and its activities, including organisational and industry-wide matters, and applies such knowledge to business decisions and activities.
Communication
• Conveys and exchanges thoughts, ideas and information effectively through various mediums and approaches to a variety of audiences
Qualifications
• Chartered Accountant (CA) / Cost Accountant (CWA) or its equivalent, MBA (Finance), MBA (Banking), or any Finance equivalent from an institute of Repute.
• Minimum of 8 years preferably in Financial Regulatory Reporting, Financial Reporting ( based on IFRS )
• Strong knowledge of Financial Regulatory Reporting interpretation, IFRS regulations, Banking products & accounting, Product Control; Proficient in analytics to drive deep understanding of Financial statements of Banks ; Collaboration mindset; able to deliver solutions to improve BAU.
• Minimum of 14 years preferably in Financial Regulatory Reporting.
About Standard Chartered
We're a global bank connecting clients to our differentiated network, offering growth opportunities in the world's most dynamic markets. Our strategy, which combines cross-border capabilities and leading wealth management expertise, helps us deliver our purpose - to drive commerce and prosperity through our unique diversity.
Over our 170-year history, and across a unique geographical footprint connecting Asia, Africa and the Middle East to each other and the world, we've built a bank like no other, with diverse capabilities and partnerships that set us apart.
What We Offer
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions, and geographies.
- In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
- Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
- Flexible working options based around home and office locations, with flexible working patterns.
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global employee assistance programme, sick leave, mental health first-aiders and self-help toolkits.
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual, and digital learning.
Visit our careers website to learn more about us: www.sc.com/careers.
