Director PRA Reg Reporting

Job Summary

• We are a global bank which is big enough to be relevant to the world’s most sophisticated corporations but small enough to be local, nimble, and innovative. We tap into our DNA as a global trade bank, committing to the dynamic markets where we have operated for over 150 years. We link these markets with each other, as well as to Europe and the Americas, to help our corporate and institutional clients manage their global investing and financing needs. In addition, we use our deep knowledge in local markets to help our customers and clients grow, invest, and protect their wealth.
• We believe that every one of our colleagues plays a tangible role in delivering our purpose and we all feel strongly about living our valued behaviours and our brand promise – Here for good. Our unrivalled network and unique culture make this organisation special and create opportunities for unparalleled career and development
• experiences. The success of the Bank hinges on how we harness our unique strengths, create an inclusive and flexible environment, and where our people feel empowered to use the freedom and accountability that we give them to go above and beyond for our customers.
• We are seeking a talented and passionate individual to join Standard Chartered as Director, PRA Regulatory Reporting. This is a high visibility and critical role based in Chennai leading our extended PRA Regulatory Reporting team spanning FINREP, COREP, IRBB and Capital and Liquidity reporting, leading a team based in Chennai and Bangalore. It also has a transformational element as we seek to rebuild the function to optimise our global processes end-to-end.

Key Responsibilities

• The role is within the Chennai PRA Reporting team and will have responsibility for leading teams responsible for the production, control and delivery of the Group’s key prudential supervisory reporting including: COREP (Own Funds, LCR, LE, NSFR, Leverage), FINREP, Pillar 3 and PRA 110. This role will also be required to provide support and liaison to global functions (such as Risk, Compliance and Treasury).
• The role is part of a Chennai leadership team transforming the existing PRA Regulatory Reporting function, overseeing the implementation of new processes and controls as part of a new operating model.
• The role is also responsible for the designing & delivering the Strategy & target operating model in the build of the Group Regulatory Reporting COE.
• The role holder is accountable to design end-to-end process execution and delivery of process performance metrics (productivity, cost and efficiency measures, turnaround time, straight-through-processing and first-time right) and Identification & execution of improvement and simplification initiatives aligned to the new process vision and performance goals.
• The role holder is accountable for building, developing, and maintaining the relationship with stakeholders involved in end-to-end execution of the process(es) for which they are accountable across Risk, Finance and the Business
• Is accountable for Building and developing an extended PRA Regulatory Reporting function and migrating all existing on shore processes to the new model & Re-engineer processes to drive simplification.
• The role holder will lead the development and implementation of the control framework for their specific regulatory reporting teams. 
• Build end to end oversight of reg reporting for the domain responsible for and also hold accountability to build the strategic operations and system implementation model for their respective domains.
• To be successful in this role, the individual requires a combination of hard and soft skills. 
• Hard skills include business acumen, including regulatory reporting expertise; and process management experience, including a willingness to develop greater expertise. 
• Soft skills include strong leadership abilities, including matrix management, fluent communication skills, and proficiency in stakeholder engagement. 
• It is important that the individual has credible experience, but also the right personal spirit and behaviours to drive desired process simplification outcomes. They must be sufficiently hands-on to find, facilitate and implement practical solutions, yet be able to operate at more strategic levels to ensure the right process improvements are pursued.

The individual in the role is accountable developing elements of the new Extended PRA Regulatory Reporting function specifically:

• End-to-end process execution and delivery of process performance metrics (productivity, cost and efficiency measures, turnaround time, straight-through-processing and first-time right), making a direct contribution to Standard Chartered’s simplification agenda.
• Identification and execution of improvement and simplification initiatives, aligned to the new process vision and performance goals
• building, developing, and maintaining the relationship with stakeholders involved in end-to-end execution of the process(es) for which they are accountable across Risk, Finance and the Business
• Building and developing a extended PRA Regulatory Reporting function and migrating all existing on shore processes to the new model.
• Re-engineering processes to drive simplification

The individual must have worked in a SOX compliant organisation and be conversant with the baseline controls required. They will be experienced in all aspects of PRA Regulatory Reporting and associated rules as well as experience in the process and change management space. The individual will be skilled in all aspects regulatory reporting as well as relevant change management experience. They must have a track record of delivering transformational change in a global organisation.

Strategy

• Member of the Chennai PRA Regulatory Reporting Management Team, partnering closely with the GCFO Change Leadership team, which sets the goals of Finance as aligned to the Group’s Strategy
• Lead the development and implementation of strategy in support of Regulatory Reporting globally
• Lead the development and implementation of the control framework across Regulatory Reporting for PRA reporting globally
• Implement a new process operating model and to support the new Regulatory Reporting strategy.

Business

• Good understanding of the Group’s businesses and products and how they impact regulatory metrics, reporting and associated controls.
• Expertise in relation to the regulatory calculations, including current and future rules and regulations and how they apply to SCB.
• Financial Markets product expertise, experience of assessing new products for regulatory reporting requirements.
• Expertise in systems and processes used to generate regulatory metrics, particularly with experience in change projects focused process enhancements
• Support developing an end to end process culture and mindset across Risk, Finance and the Business

Processes

• Responsible for leading teams to deliver the PRA Regulatory Reporting process including LCR, NSFR, CFMR (PRA 110), FSA047/048 and FSB Phase 2, COREP own funds, leverage, large exposures, Pillar 3, benchmarking, G-SIB and associated reporting and disclosure.
• Manage data and associated risks in process execution
• Drive end-to-end simplification of the reporting process
• Lead an end-to-end process mindset with all stakeholders involved in executing the process
• Design, manage and continuously improve one standardised, simplified process
• Ensure processes are developed and fully up-to-date and align to the One-Bank Process Universe design principles

People & Talent

• Act as a role model of the Group’s values and culture. Lead through example and build the right culture and values. 
• Work in collaboration with HR and with risk and control partners.
• Lead and support a process mindset, building a culture of client centricity, and end-to-end process thinking.
• Set process-centric job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Create a motivational and challenging environment for staff which is conducive to creativity and performance with customer centricity in mind.

Risk Management

• Find, assess and manage risks and controls, including those related to third parties in the process. This includes defining risk thresholds and tolerances in line with the Bank’s risk appetite and strategic priorities.
• Ensure that proposed new processes and controls do not compromise existing risks and controls and, where required, strengthen them.
• Ensure process redesign/ re-engineering activities simplify redundant, duplicate, and unnecessary controls

Governance

• Implement relevant policies, standards and compliance requirements required for regulatory reporting, in collaboration with 2 LoD oversight colleagues.
• Implement data management and governance processes and controls across regulatory reporting processes.
• Cooperate with 2 LoD colleagues who provide independent monitoring, oversight and assurance on the risks and controls’ management performed for regulatory reporting

Regulatory & Business Conduct

• Take 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.
• Lead the 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.

Key stakeholders

External

• External Auditors
• PRA

Internal

• GCFO Controller MT
• Group Financial Planning & Analysis
• Investor Relations/Group Corporate Affairs
• Regional, Segment & Product CFOs
• Group Risk
• Group Internal Audit
• Group Legal & Compliance

Other Responsibilities

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.

Skills and Experience

• Regulatory Reporting
• Financial Reporting
• Balance Sheet Management
• Regulatory and Compliance

Qualifications

• Chartered Accountant or equivalent
• Bachelors degree or equivalent
• Demonstrable working experience and history to be able to make Regulatory Reporting judgements and deliver external regulatory and financial reporting
• Strong management skills having managed teams of accounting professionals.
• Vision and thought leadership in the global accounting and regulatory space and its linkage to the broader group strategy
• Mandatory Group e-Learning
• Experience of PRA/FCA enforcement and S166 audit desirable.

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.

For further information, and to apply, please visit our website via the “Apply” button below.