Country Regulatory Reporting Specialist Job in Chennai at Standard Chartered

Standard Chartered is hiring for the role of Country Regulatory Reporting Specialist!

Responsibilities of the Candidate:

• Strategy:
  • Work as a team to deliver on the individual and collective Job Objectives.
  • Understand the GCFO pillars and the alignment of the pillars to the JO.
• Business:
  • A specialist is responsible for the delivery of regulatory reports (both internal and external), adhering to SLA, operating instructions, and quality requirements.
  • Provide insightful analysis on variances and provide commentaries on the underlying movements.
  • Handle queries and provide any ad hoc support as may be required.
• Processes:
  
  • Ensure timely delivery of services relating to the Regulatory Reporting and all other internal and external reporting requirements as agreed with the Country Finance Division (CFD).
  • Ensure services are delivered within the SLA, working with a cohesive team to produce the Analysis and Reports in a timely and accurate manner. Any breach in SLAs is immediately escalated to the Line Manager with due reasons as applicable.
  • Responsible for the preparation and analytical review of Regulatory Reports/Returns as well as Adherence to various Rules and Regulations of the Regulators.
  • Responsible for Supporting Annual Regulatory Examinations Audits.
  • Responsible for the preparation of various MIS/Variance Analysis and work on the Ad hoc by gauging the requirements from stakeholders and helping in GFS vide governance activities. (e.g. compilation of Key Risk Indicators, Dashboard, Metrics, etc).
  • The ability to work to a high degree of accuracy under pressure is important as during the reporting periods the team is required to meet tight deadlines.
  • Continuously innovate with a focus on improving the process - enhance efficiencies and add value; ensuring quality consciousness in all aspects of the team.
  • Challenge processes in order to achieve more effective processes and efficiency saves to the Organization.
  • Independent and Confident, able to work under pressure and handle multiple tasks.
  • Work towards continuous improvement to identify and implement opportunities to decrease process turn-around time and improve productivity.
  • Work with different stakeholders to continuously improve process controls and efficiency of delivery of services.
  • Positive outlook and a desire to stretch themselves to achieve both personal and functional success.
• People and Talent:
  • Strong team player and has the capacity to build good working relationships with cross-functional/geographical teams.
• Risk Management:
  • 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 the Governance Framework of the bank. Any breaches of the above framework are promptly highlighted to the line manager.
  • Update DOI’s and cross train other team members so that the service provided is seamless
• Governance:
  • 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.
• Key Measures:
  • Delivery of standard reports as per SLA commitments and otherwise
  • Quality of analysis and commentaries of the underlying reports
  • Stakeholder feedback on quality of analysis and decision support
  • Line manager assessment and feedback
• Regulatory and 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 team under GFS] 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.
  • Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.

Requirements:

• CA / CWA or its equivalent, MBA (Finance), MBA (Banking), or having relevant work experience in regulatory reporting would be preferred.
• Strong/Excellent verbal and written communication skills, able to clearly articulate complicated issues to management and other impacted areas and ensure timely resolution of breaks and issues.
• Familiarity with the SCB Technology infrastructure (knowledge of TPs, products, data flow, PSGL, other finance interfaces) would be beneficial for internal candidates.
• Understanding of banking products / processes and a understanding of fundamentals of regulatory reporting, Balance Sheet Management and accounting / finance.
• Work experience in Regulatory reporting / Financial Analysis, Financial Reporting, Preparation of dashboards and metrics and relevant technical experience.
• Strong analytical skills required to perform complex analysis on the financial numbers and process flow to identify the root cause.
• Must have excellent attention to detail and work within tight deadlines ensuring a complete and accurate flow of information's.
• Strongly analytical and logical mindset with proficiency in Microsoft Excel and other query tools (Microsoft Office Access).
• Be number savvy and have the appetite in handling and processing mass volume of data.
• Proficient working knowledge in PeopleSoft Ledger.
• Accounting and Finance
• Technology skills with finance systems
• People Management