Associate Manager - Country Regulatory Reporting

Main Responsibilities

Strategy
•    Securing alignment with country stakeholders on the development and execution of country specific strategic goals regarding Country Financial Regulatory Reporting (FRR).
•    Recognising and implementing best practices to enhance reporting productivity and accuracy.
Business
•    Understanding and articulating country specific regulatory expectations, 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 needs into business and functional expectations and driving the discussion with country stakeholders spanning Finance, Treasury, Risk, Data, IT and the Business for ongoing compliance in local regulatory reporting.
•    Sustaining effective communication with stakeholders to understand their expectations and queries and give necessary execution and consultation support.
Processes
•    Guaranteeing 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.
•    Deliver day-to-day delivery management to the team
•    Ensuring all queries for submitted reports are addressed within timelines such as any ad hoc expectations in respect to processes managed.
•    Ensuring the operational productivity, accuracy and completeness of the reports are monitored with appropriate KPIs.
•    Establishing robust governance and controls for the reporting process covering the criteria to oversee 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 effectiveness and reduce errors.
•    Making use of technology and automation tools to streamline reporting processes.
•    Supporting the transition of changes into BAU efficiently that is aligned with the Bank’s regulatory and technology objectives.
People & Talent
•    Train & handle an engaged a team of high undertaking individuals. Oversee service delivery at the time of attritions with the supervision of team Head.
•    Motivate team to produce a high degree of accuracy under pressure is important as during the reporting periods the team is required to meet tight deadlines
•    Creating relationships to enhance collaboration over 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 throughout 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.
•    Pinpointing, monitoring and escalating as and when required key issues in the regulatory reporting process leading to material errors in regulatory returns.
Governance
•    Monitor and make sure that appropriate Change governance is followed over 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 enhance performance and strive for excellence.
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, covering regulatory and business conduct, spanning Standard Chartered Bank. This includes understanding and guaranteeing compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
•    Successfully and collaboratively recognise, escalate, mitigate and resolve risk, conduct and compliance matters.
Main 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 over PSS and Technology 
•    Change Management - Head and Leads spanning Financial Regulatory Reporting Change

Capabilities 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 Competencies
•    Very good written and verbal communication abilities
•    Capacity to engage with senior stakeholders.
•    Outstanding Interpersonal Communication
•    Sound Business Writing capabilities
Technology orientation (what will give the jobseeker an edge)
•    Grasp of Python
•    SQL Platforms
•    Knowhow in deploying AI and ML solutions to mechanise processes and attain scale.

Priority Technical Competencies
Financial Analysis & Reporting
•    Creates and maintains accuracy of financial reports and statements required for reporting (internal and external) making use of main processes and tools within the Bank.
•     Aptitude 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 grasp pertaining to SCB customer segments, product groups and the linkages of product vs. capital and liquidity.
Data Gathering
•    Understanding of and aptitude 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 recognise, 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
•    Understanding of policies and core frameworks to recognise, 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, guarantee regulatory compliance, and support business development aligning with the bank's strategy.
Only required for “Capital & Liquidity Reporting” and is only beneficial for this post

Capital Management
•    Understand and apply understanding pertaining to the external capital markets, regulatory expectations and thresholds, and the Group’s capital structure to support running capital positions, metrics and capital risks, such as stress testing, reporting and optimising the Group/Country capital resources and usage. 
Only required for “Capital Reporting” and is only beneficial for this job
Liquidity Management
•    Understand and apply grasp of external markets, regulatory needs and thresholds, to support handling the Group's short-term liquidity obligations as well as liquidity levels and risks, among them stress testing, reporting and optimising the Group/Country liquidity positions and resources.
Only required for “Liquidity Reporting” and is only beneficial for this position
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 “IRRBB Reporting” and is only beneficial for this post
Liquidity Risk
•    Identifies, measures, manages and monitors risks relating to the lack of ability of companies to meet financial obligations without making catastrophic losses when selling investments / assets to cover obligations.
Only required for “Liquidity Reporting” and is only beneficial for this job

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 Reporting” abd is only beneficial for this post
Market Risk
•    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 Reporting and IRRBB Reporting”  and is only beneficial for this position

Other Technical Competencies
Financial and Accounting Systems
•    Grasp of functions, features and capabilities of financial and accounting systems; capacity to use financial and accounting applications specific to the organisation for business and/or regulatory purposes.
Standard Operating Procedures
•    Know-how of established standard operating procedures (SOP) and capability to design, implement and evaluate standard operating procedures affecting daily and strategic business operations in order to increase operational productivity.
Financial Process Documentation
•    Know-how of appropriate techniques and capability to accurately and thoroughly document financial processes in accordance with established standards and regulatory needs, 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 expectations into feasible and specific data analysis tasks.
Interprets data according to defined criteria to obtain business findings, covering the use of statistical and predictive modelling techniques and practices for analysis.
•    Communicates data findings and perspectives through data storytelling to main stakeholders through dynamic visual display of data.
Business Acumen
•    Understands the Bank’s vision, business and its activities, covering organisational and industry-wide matters, and applies such grasp to business decisions and activities.
Communication
•    Conveys and exchanges thoughts, ideas and information efficiently through a range of 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 6 years preferably in Financial Regulatory Reporting, Financial Reporting ( based on IFRS )
•    Sound understanding 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 produce solutions to upgrade BAU.

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 customers, communities, and each other. We question the status quo, love a challenge and enjoy finding new openings 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 team up 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 customer at the heart of what we do
• Never settle, continuously striving to strengthen 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 create 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 such as 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 competencies, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your progress, with chances 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, over our teams, business functions and geographies - everyone feels respected and can realise their full potential.