Job Description:
Job Description: 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 ability 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.
