Standard Chartered India | Associate Manager - Country Regulatory Reporting

Responsibilities

• Motivate team to deliver a high degree of accuracy under pressure is important as during the reporting periods the team is required to meet tight deadlines
• Only required for “Capital & Liquidity Reporting” and is only beneficial for this role
• Only required for “Capital Reporting” and is only beneficial for this role
• Only required for “Liquidity Reporting” and is only beneficial for this role
• Only required for “IRRBB Reporting” and is only beneficial for this role
• Only required for “Capital Reporting” abd is only beneficial for this role
• Only required for “Capital Reporting and IRRBB Reporting” and is only beneficial for this role
• 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.
• Maintaining effective communication with stakeholders to understand their requirements and queries and provide necessary execution and consultation support.
• 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.
• Supporting the transition of changes into BAU effectively that is aligned with the Bank’s regulatory and technology objectives.
• Train & manage an engaged a team of high performing individuals.
• Manage service delivery at the time of attritions with the supervision of team Head.
• Building relationships to improve collaboration across country and GFS functions to resolve issues and implement changes for local regulatory reporting.
• 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.
• Monitor and ensure that appropriate Change governance is followed across all transformation initiatives.
• 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.

Requirements

• 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.
• Understanding of the bank’s products and services with specialisation in at least one of FM, CIB, or Treasury products
• Ability to engage with senior stakeholders.
• Strong Business Writing skills
• Ability to prepare, analyse, and review financial reports to evaluate the Bank's financial performance and/or regulatory compliance
• Knowledge of and ability to utilise tools (e.g. SQL), techniques and processes to interrogate and extract data for analysis and reporting purposes.
• 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.
• Understanding of Credit Risk Weighted Assets (RWA) methodologies, critical data elements, calculation and reporting operations and functionalities along with controls.
• 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.
• 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.
• 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).
• Minimum of 6 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.

Standard Chartered

Standard Chartered is an international banking group headquartered in London, with a strong focus on Asia, Africa and the Middle East. It was formed in 1969 through the merger of Standard Bank and The Chartered Bank.

Its Indian global business services centres hire finance professionals for financial control, stress testing, regulatory reporting, tax and risk roles.

• Industry: Banking and financial services
• Headquarters: London, UK
• In India: Present in India for over 150 years, with global business services centres in Bengaluru and Chennai