Standard Chartered Bank - AVP - Regulatory Reporting

Regulatory Reporting involves preparation of and business support to complex Dailies, Monthly, Quarterly & Annual returns to the onshore team for their submission to local Regulators. Regulatory reporting processes are governed by a Regulatory reporting policy that is prevalent across Standard Chartered Finance world.

Also, monitoring ratios and various adhoc queries / requirements of the local regulator may be an important part of this team's delivery. Hence ensuring ongoing Reporting and analysis support for seamless service delivery to the onshore team per agreed service levels is basic to the role

Good networking skills are vital as an important aspect of the role concerns liaising with various teams in Service Centre and with various on shore business partners

Principal Roles & Responsibilities

1. Ensure timely delivery of services relating to the Regulatory Reporting and all other internal and external reporting requirements as agreed with Country Finance Division (CFD).

2. Ensure services are delivered within the SLA, working with a cohesive team to produce the Analysis and Reports in a timely and accurate manner. Key responsibilities include robust analytical review of key deliverables, strengthening controls, facilitate end to end view to team, pro-active stakeholder management agenda, drive organization agenda around talent management and social responsibilities.

3. Exercise right level of diligence, control and governance to comply with bank's Data Quality and Reporting Standards including those that are prescribed for the Regulatory Reporting and ensure that the reports that are reviewed/ generated are in line with expectation and due diligence is adhered to and ensure consistency and promptness in service delivery.

4. Comply, Monitor, Validate and Report all Key Performance Indicators within the overall service delivery framework. This includes identification, measurement, monitoring and control of all thresholds set as part of Governance Framework of the bank. Any breaches of the above framework are promptly highlighted to the line manager

5. Responsible for analytical review of Regulatory Reports / Returns as well as Adherence to various Rules and Regulations of the Regulators.

6. Responsible for ensuring Ops risk monitoring across all processes covered by the team and reporting key risks emanating from them to right forums

7. Responsible for Supporting Annual Regulatory Examination / Audits

8. Responsible for ensuring complete compliance of team with Group Code of Conduct and Social agenda of the organization

9. Responsible for the review of various MIS / Variance Analysis and work on the Ad hoc by gauging the requirements from stakeholders and FSSC vide governance activities in respect of processes managed (e.g. compilation of Key Risk Indicators, Dashboard, Metrics etc)

10. The ability to work to 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.

11. Challenge processes in order to achieve more effective processes and efficiency saves to the Organization.

12. Independent and Confident, able to work under pressure and handle multiple tasks.

13. Proactively identify areas of efficiency in processes to deliver productivity saves. Participate and give suggestions in the transformation programmes focusing on elimination of waste and building scale

14. Responsible for driving monthly dashboard call with onshore teams and highlight issues/ concerns, with specific focus on tracking action points and closure

15. Responsible for all projects related planning, discussion, testing and delivery including capacity planning (Group, Country specific projects, SSC projects etc)

16. Identify and groom talent, ensure documented training plan for all employees (as part of P3),, drive optimum capacity utilisation through effective monitoring of - off peak- calendar of team

17. Drive risk awareness within team and ensure timely escalation of risks to FORC where necessary

Managerial/Leadership Skills

- People management of 5-6 members for Senior Manager.

- Implement Knowledge Management initiatives through trainings, workshops to build domain capabilities required for the job

- Keep the team highly motivated to deliver high quality results

- Senior Managers 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.

Preferred Skills and experience:

The candidate should have experience in one of the following functions and should have good analytical skills, understanding of banking products/processes and a understanding of fundamentals of regulatory reporting, Balance Sheet Management and accounting/finance.

- 11+ years work experience in regulatory reporting / Financial Analysis, Reporting, Preparation of dashboards and metrics, Statutory/External Reporting, relevant technical experience.

- Exhibiting influential capabilities across departments in assimilating various inputs required for accurate and complete submission of dashboards and metrics including Biz Finance, Product Control, Valuation Control, Operations, Tax Team, Technology teams, Onshore Team and various other input providers

- Strong communication skills in liaising with relevant stakeholders. Good business acumen and understanding of products, departments, customers etc.

- Cross team collaboration and leadership experience skills - proactive engagement with relevant Departments and responsible parties

- Experience in monitoring of end to end processes with an ability to quickly understand the upstream and downstream impacts in the Reporting process

- Exhibiting training capabilities across functions for usage of various reporting Teams.

Preferred Education/Qualifications

Chartered Accountant (CA) / Cost Accountant (CWA) or its equivalent, MBA (Finance), MBA (Banking), or any Finance equivalent from an institute of Repute.