Key Responsibilities

Strategy
•    This role will be responsible for reviewing Regulatory reporting for financial market and reviewing local financials and handling audits within Finance of SCB India branches

Business
•    Regulatory reporting for financial market
•    Local book closure  
•    Local governance over financial market 
•    Valuation 
•    Day 1 pnl 
•    Daily pnl attribution
•    Independent Price valuation
•    Single point of contact for regulatory interface with respect to financial market/treasury market
•    New product introduction - interpreting the guidelines for appropriate approval of local country addenda / product checklist.
•    Finalisation of disclosures in the financial statements with respect to derivative disclosures
•    Review of Local Financials, including coordinating with local auditors (non-EY) and regulators
•    Ensuring compliance to the financial control framework including dealing with GIA and regulators

Processes
The candidate is expected to play a central role in delivering the following:

Accounting and financial reporting
•    Review and submission of IFRS financials to Group by engaging with GFS team
•    Ensure timely closure of financials as per local GAAP and review to ensure accuracy 
•    Review IND AS submission to RBI
•    Provide accounting guidance on various issues related to IFRS reporting and local reporting.

Audit Support
•    Support audit of IFRS and local statutory audit 
•    Drive audit queries and co-ordinate between auditors and internal stakeholders
•    End to end closure of audit along with query resolution for subsidiaries
•    Support during RBI onsite inspection. Provide necessary information to RBI
•    Submission of ad hoc information to RBI

Control and Governance
•    Financial and local balance reconciliation
•    Substantiation of GL balances
•    Update PPG with accounting entries on regular basis latest development in product/ business and standards
•    Update and review of DOIs / process note as required
•    Peer bank review and analytics
 
People & Talent 
As a manager, the jobholder needs to assist the team head to: 
•    Coordinate with support teams in GFS and provide necessary guidance / coaching
•    Provide guidance and support and work closely with peer teammates

Risk Management
To assist the team head to manage the risk arising from regulatory reporting activities via:
•    Introducing / enhancing any necessary control steps in the financial and regulatory reporting process
•    Presenting findings / following through actions in relevant control / risk forums – including regulatory reporting risk forum, finance risk forum
 

Governance 
Understand and ensure compliance with the Group’s financial and regulatory reporting policies and standards with the support from peer teammate and the offshore hub 

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
•    GFS team members 
•    Country Finance, Business Finance and other relevant internal stakeholders 
•    Senior Management / Country Management Team
•    Statutory and Group auditors 
•    RBI

Qualifications

•    Qualified accountant with relevant working experience in banks/ MNCs or Big 4 banking audit firms
•    Hands-on knowledge on regulatory reporting, various guidance/ circulars issued by RBI from to time, basics of banking products.
•    Ability to work in an organised way, multi-tasking, prioritising, managing data to meet tight deadlines
•    Strong analytical skills and data skills
•    Strong communication and interpersonal skills, able to convey complex messages quickly and succinctly to stakeholders with confidence
•    High levels of drive and resilience along with attention to detail.

Skills and Experience

•    IFRS, IND-AS, Indian GAAP 
•    Regulatory Reporting Knowledge 
•    Updated on RBI Circulars
•    Banking Products
•    MS Excel
•    MS Word

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.