Regulatory Reporting - Standards and Control Manager

HSBC Recruitment; Dubai; On-site; AED 400,000 - 600,000; Full time

Job summary

A leading global bank is seeking a professional to lead regulatory reporting processes in the UAE. The role demands extensive experience in banking regulations and a graduate degree to secure a visa. The successful candidate will drive regulatory initiatives and engage with various stakeholders to ensure effective reporting practices. Strong leadership and communication skills are essential for success in this role.

Benefits

Flexible working arrangements

Professional development opportunities

Inclusive workplace culture

Qualifications

• Proven experience in banking regulations and regulatory reporting.
• Advanced knowledge of regulatory requirements from PRA, DFSA.
• Strong ability to influence and engage with senior stakeholders.

Responsibilities

• Lead the embedding of regulatory reporting process framework in the UAE.
• Coordinate end-to-end regulatory reporting processes.
• Drive delivery of regulatory reporting strategic deliverables.

Skills

Resilience

Adaptability

Leadership

Communication

Influencing skills

Education

Graduate degree

Job description

Role Purpose

Lead the embedding of regulatory reporting process framework in the UAE by

Driving Regulatory Reporting strategic deliverables in UAE

Coordinating and delivery of the end-to-end regulatory reporting process

Maintaining oversight of the regulatory reporting inventory in the UAE.

Leading on creating playbooks and overseeing the delivery of multiple material UAE regulatory deliverables (RBS, EWRA, BRFs, etc..) that require bank-wide coordination

Acting as the single point of contact and SME for specific regulatory reporting requirements, operating as a horizontal layer across all lines of business and bank functions

Leading transformation and driving effective changes through UAE regulatory reporting and notification process and inventory

Embedding regulatory reporting related policies, procedures and target operating model in UAE regulatory reports

Leading on enhancements initiatives related to the regulatory scene.

Engaging with 2LOD functions to scope and manage new reporting requirements

Roles & Responsibilities

Design : Determining and implementing an optimal bank-wide operating model which is scalable, owned, controlled, visible / subject to workflow, and maximizes efficiency and effectiveness.

This includes engagement with department champions and support functions.

Developments : Early identification, work with 2LoD Stewards to scope and manage new reporting requirements, including engagement with the CB and industry bodies to influence proposed / future requirements and delivery of ‘dry runs.

Production : Co-ordination and delivery of the end-to-end reporting process including submission management, internal escalation, and handling post submission Central Bank queries.

Assurance : Validation of business-as-usual report submissions via a combination of data assurance and analytical review techniques.

Targeted deep-dive quality assurance reviews, along-side the Controls Office, to drive bank-wide effectiveness and efficiency.

Other : Management of ad-hoc regulatory reporting requirements; engagement with internal compliance functions (e.g.

internal audit, Controls Office etc); maintaining a report inventory; and other ad-hoc tasks required to support the rapidly evolving regulatory reporting landscape.

Maintain oversight of a number of Regulatory Reporting strategic deliverables

Designing and implementing end-to-end reporting process across Lines of Business and functions that is defined, owned, IT enabled and effective.

Drive delivery of BAU regulatory Reporting requirements in UAE (focusing on the new requirements that need bank-wide coordination e.g.

Monthly Examiner Returns, RBS).

Ensure effective control policies and procedures are in place for UAE regulatory reporting.

Ensure accuracy and integrity of regulatory returns.

Minimizing project and BAU risk by providing guidance and establishing a control framework around regulatory reporting.

The key stakeholder are the Chief Operating Officer and Chief Risk Officer.

Other stakeholders include the Chief Control Officer and Chief Compliance Officer.

Finally, engagement across LOBs and sub-functional teams is key to deliver the bank-wide initiative.

The role will be required to drive and deliver status updates to the country and region Risk Management Meeting and various other governance forums

Ensure BAU reporting is delivered in an effective and efficient manner.

Ensure Regulatory reporting strategic deliverables are delivered in an effective and efficient manner.

Requirements

Experience & Qualifications :

Graduate degree is REQUIRED– to secure a UAE Visa and Work Permit.

Resilient and adaptable professional with proven experience working effectively with banking regulators

Advanced knowledge of regulatory reporting requirements issued by the PRA, DFSA, or other major regulators in the Middle East.

Demonstrated working ability and knowledge of economic principles, financial markets, financial services, and the analysis and reporting of financial data.

Strong knowledge of banking and financial reporting systems architecture and key functionalities, and experience of system implementation and process improvement projects in a large financial institutions or multi-national corporations.

Proven experience in influencing external policy agenda.

Extensive knowledge and ability to adopt a constructive and pro-active approach to changing conditions and / or regulations.

Strong leadership capabilities of navigating, aspiring, driving, mobilizing and sustaining, in line with HSBC values of open, connected and dependable.

Ability to lead transformation and drive effective changes through people in a large matrix organization.

Ability to form effective relationships and achieve influence at the most senior level in the organization in a pressurized, deadline-driven and complex environment

Strong communication (both verbal and written) and interpersonal skills.

For further details and application information please visit our careers site, searching under reference number.

ID : 0000LKH5)

We support our staff to adopt flexible and alternative ways of working where possible, including working from home and different hours subject to approvals.

HSBC is committed to building a culture where all employees are valued, respected and opinions count.

We take pride in providing a workplace that fosters continuous professional development, flexible working, and opportunities to grow within an inclusive and diverse environment.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hong Kong and Shanghai Banking Corporation Limited.

Candidates must have a graduate degree and extensive knowledge of regulatory reporting requirements in the Middle East.

Proven experience in banking regulations and strong leadership capabilities are essential.