The Senior Manager, CRR position sits in the Standard Chartered office in Chennai.
Strategy
• Guaranteeing alignment with country stakeholders on the development and execution of country specific strategic goals regarding Country Financial Regulatory Reporting (FRR).
• Pinpointing and implementing best practices to enhance reporting streamlining and accuracy.
Business
• Understanding and articulating country specific regulatory needs, FRR metrics computation and methodologies, and regulatory parameters and core drivers.
• Understanding banking products and country specific business context and correlating these to local regulatory reporting.
• Translating relevant local financial regulatory criteria into business and functional needs and driving the discussion with country stakeholders over Finance, Treasury, Risk, Data, IT and the Business for ongoing compliance in local regulatory reporting.
• Keeping up effective communication with stakeholders to understand their needs and queries and deliver 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.
• Offer day-to-day delivery management to the team
• Securing all queries for submitted reports are addressed within timelines among them any ad hoc needs in respect to processes managed.
• Securing the operational streamlining, accuracy and completeness of the reports are monitored with appropriate KPIs.
• Establishing robust governance and controls for the reporting process such as the expectations to run 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 productivity and reduce errors.
• Drawing on technology and automation tools to streamline reporting processes.
• Supporting the transition of changes into BAU productively that is aligned with the Bank’s regulatory and technology objectives.
People & Talent
• Train & oversee an engaged a team of high executing individuals. Run service delivery at the time of attritions with the supervision of team Head.
• Motivate team to provide a high degree of accuracy under pressure is important as during the reporting periods the team is required to meet tight deadlines
• Establishing relationships to upgrade collaboration throughout country and GFS functions to resolve issues and implement changes for local regulatory reporting.
Risk Management
• Monitoring and seeing to it that appropriate BAU and Change governance and controls are followed spanning 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.
• Spotting, monitoring and escalating as and when required core issues in the regulatory reporting process leading to material errors in regulatory returns.
Governance
• Monitor and ensure that appropriate Change governance is followed throughout 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 securing 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 upgrade performance and strive for excellence.
• Leaders should be hands-on to undertake activities/tasks on their own as the position demands while supporting and handling other members of the team
• Self-motivated and able to work independently and to proactively seek guidance from others as needed.
• Sound team player and has the capacity to develop good working relationships with cross functional / geographical team
• Positive outlook and a desire to stretch themselves to reach both personal and functional success. Demonstrate leadership under pressure situations and demonstrate the capability 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, such as regulatory and business conduct, over 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.
• Efficiently and collaboratively pinpoint, 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 throughout PSS and Technology
• Change Management - Head and Leads over Financial Regulatory Reporting Change
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 Capabilities
• Very good written and verbal communication competencies
• Capability to engage with senior stakeholders.
• Strong Interpersonal Communication
• Robust Business Writing abilities
Technology orientation (what will give the applicant an edge)
• Know-how of Python
• SQL Platforms
• Knowhow in deploying AI and ML solutions to mechanise processes and deliver on scale.
Priority Technical Capabilities
• Financial Analysis & Reporting
• Creates and maintains accuracy of financial reports and statements required for reporting (internal and external) drawing on key processes and tools within the Bank.
• Capacity 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 know-how pertaining to SCB customer segments, product groups and the linkages of product vs. capital and liquidity.
• Data Gathering
• Grasp of and capacity 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 pinpoint, 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
• Grasp of policies and main frameworks to pinpoint, 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 expansion aligning with the bank's strategy.
• Capital Management
• Understand and apply know-how pertaining to the external capital markets, regulatory criteria and thresholds, and the Group’s capital structure to support overseeing capital positions, metrics and capital risks, covering stress testing, reporting and optimising the Group/Country capital resources and usage.
• 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.
• 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 customers’ exposure to IRR in adherence to established guidelines and regulations.
• Liquidity Risk
• Identifies, measures, manages and monitors risks relating to the lack of ability of businesses to meet financial obligations without making catastrophic losses when selling investments / assets to cover obligations.
• 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.
• 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.
Other Technical Abilities
• Financial and Accounting Systems
• Understanding of functions, features and capabilities of financial and accounting systems; aptitude to use financial and accounting applications specific to the organisation for business and/or regulatory purposes.
• Standard Operating Procedures
• Grasp of established standard operating procedures (SOP) and capacity to design, implement and evaluate standard operating procedures affecting daily and strategic business operations in order to increase operational effectiveness.
• Financial Process Documentation
• Grasp of appropriate techniques and capacity to accurately and thoroughly document financial processes in accordance with established standards and regulatory expectations, 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 criteria into feasible and specific data analysis tasks.
• Interprets data according to defined needs to obtain business observations, among them the use of statistical and predictive modelling techniques and practices for analysis.
• Communicates data findings and findings through data storytelling to core stakeholders through dynamic visual display of data.
• Business Acumen
• Understands the Bank’s vision, business and its activities, among them organisational and industry-wide matters, and applies such understanding to business decisions and activities.
• Communication
• Conveys and exchanges thoughts, ideas and information successfully through different mediums and approaches to a variety of audiences
• 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 )
• Solid know-how 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 hand over solutions to enhance BAU.
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In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-5 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Senior Manager, CRR at Standard Chartered.
This role requires around 0-5 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Standard Chartered's application process for this role.