Senior Manager - IRRBB Reporting

This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Specific Skill set : Technical

Understanding of the bank's products and services with specialisation in atleast one of FM, CIB, or Treasury products

Financial Reporting skillsets & experience

Fundamental understanding of Balance Sheet Management

Regulatory reporting experience

Conceptual knowhow of Balance Sheet Management metrics and its calculation methods - Liquidity, IRRBB, Capital

Robust understanding of the Regulatory Framework associated with FINREP, COREP, Liquidity and IRRBB reporting (e.g., Basel framework, country regulatory reporting taxonomy)

Understanding of IFRS Accounting

Soft Skills

Very good written and verbal communication skills

Ability to engage with senior stakeholders.

Excellent Interpersonal Communication

Strong Business Writing skills

Technology orientation (what will give the candidate an edge)

Knowledge of Python

SQL Platforms

Knowhow in deploying AI and ML solutions to mechanise processes and achieve scale.

The Technical Competency Framework outlines a consistent set of expectations on what technical knowledge is required for a group of similar roles aligned to the Job Family Framework. Technical Competencies are designed to build transparency and objectivity by providing an in-depth view of the expectations for a role.

Please select technical competencies from the library here. It is recommended that there is no more than 6 technical competencies selected per role.

Priority Technical Skills

Balance Sheet Management (Core)

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 growth aligning with the bank's strategy.

Only required for "Capital & Liquidity Reporting"

Capital Management (Core)

Understand and apply knowledge pertaining to the external capital markets, regulatory requirements and thresholds, and the Group's capital structure to support managing capital positions, metrics and capital risks, including stress testing, reporting and optimising the Group / Country capital resources and usage.

Only required for "Capital Reporting"

Liquidity Management (Core)

Understand and apply knowledge of external markets, regulatory requirements and thresholds, to support managing the Group's short-term liquidity obligations as well as liquidity levels and risks, including stress testing, reporting and optimising the Group / Country liquidity positions and resources.

Only required for "Liquidity Reporting"

Interest Rate Risk (IRR) Management (Core)

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"

Liquidity Risk (Core)

Identifies, measures, manages and monitors risks relating to the lack of ability of organisations to meet financial obligations without making catastrophic losses when selling investments / assets to cover obligations.

Only required for "Liquidity Reporting"

Credit Risk (Core)

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"

Market Risk (Core 'Entry' for IRRBB)

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"

Operational Risk (Core)

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.

Only required for "Capital Reporting"

Financial Products and Markets (Core)

Understand and apply knowledge pertaining to SCB customer segments, product groups and the linkages of product vs. capital and liquidity.

Financial Analysis & Reporting (Core)

Creates and maintains accuracy of financial reports and statements required for reporting (internal and external) leveraging key processes and tools within the Bank.

Ability to prepare, analyse, and review financial reports to evaluate the Bank's financial performance and / or regulatory compliance.

Data Gathering (Core)

Knowledge of and ability to utilise tools (e.g. SQL), techniques and processes to interrogate and extract data for analysis and reporting purposes.

Risks & Controls (Core)

Covers the Group's Enterprise Risk Management Framework (ERMF) approach and governance infrastructure needed to identify, assess, mitigate and escalate Finance risks. These include accounting principles, policies and procedures around regulatory reporting, balance sheet management, tax, product and valuation control.

Job Summary

Strategy

Ensuring alignment with country stakeholders on the development and execution of country specific strategic goals regarding Capital / Liquidity & IRRBB / other Country Financial Regulatory Reporting (FRR).

Identifying and implementing best practices to enhance reporting efficiency and accuracy.

Business

Understanding and articulating country specific regulatory requirements, including but not limited to the Basel Framework (Basel II, III and IV), capital / liquidity / 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 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 where appropriate.

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.

Key Responsibilities

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.

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.

Lead the [country / business unit / function / XXX [team] to achieve the outcomes set out in the Bank's Conduct Principles : [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]

Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

GPO / GPM, Capital & Liquidity & FRR

Group Regulatory Reporting - Head and Reporting Leads

Country Regulatory Reporting - CFO, Financial Controller and Country Leads

Credit and Market Risk functions - Functional Heads and Leads

Technology and PSS - Head and Leads across PSS and Technology

Change Management - Head and Leads across Capital & Liquidity Change

Other Responsibilities

Embed Here for good and Group's brand and values in XXXX [country / business unit / team]; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats); [List all responsibilities associated with the role]

Skills and Experience

Specific Skill set : Technical

Understanding of the bank's products and services with specialisation in atleast one of FM, CIB, or Treasury products

Financial Reporting skillsets & experience

Fundamental understanding of Balance Sheet Management

Regulatory reporting experience

Conceptual knowhow of Balance Sheet Management metrics and its calculation methods - Liquidity, IRRBB, Capital

Robust understanding of the Regulatory Framework associated with FINREP, COREP, Liquidity and IRRBB reporting (e.g., Basel framework, country regulatory reporting taxonomy)

Understanding of IFRS Accounting

Soft Skills

Very good written and verbal communication skills

Ability to engage with senior stakeholders.

Excellent Interpersonal Communication

Strong Business Writing skills

Technology orientation (what will give the candidate an edge)

Knowledge of Python

SQL Platforms

Knowhow in deploying AI and ML solutions to mechanise processes and achieve scale.

Qualifications

MBA (Fin) or Master's in finance / Accountancy / Economics or affiliated subjects; Undergraduate degree in Science / Engineering / Commerce.

Chartered Accountant : Risk Management or related Professional Certification will be an added advantage.

Minimum of 12 years preferably in Liquidity Regulatory Reporting.

Strong knowledge of Capital & Liquidity regulations and metrics; Proficient in analytics to drive deep understanding of Capital & Liquidity; Collaboration mindset; able to deliver solutions to improve 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 clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities 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 work 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 client at the heart of what we do

Never settle,

continuously striving to improve 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 build 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

including 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 skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits

A continuous learning culture

to support your growth, with opportunities 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, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.