Job Title Here Experience Director
Title: Associate Vice President, CRR
Chennai, IN
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
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.
Skills and Experience
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
• Financial Products and Markets
• Data Gathering
• Risks & Controls
• Operational Risk
• Balance Sheet Management
• Capital Management
• Liquidity Management
• Interest Rate Risk (IRR) Management
• Liquidity Risk
• Credit Risk
• Market Risk
• Financial Products and Markets
• Financial Analysis & Reporting
• Data Gathering
• Risks & Controls
Other Technical Skills
• Financial and Accounting Systems
• Standard Operating Procedures
• Financial Process Documentation
• Product Line (Financial Markets (FM))
• Product Line (Transaction Banking (TB))
• Data Analysis and Visualisation
• Business Acumen
• Communication
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
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 all sorts of 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.
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.