Regulatory Reporting - Standards and Control Manager

HSBC; United Arab Emirates; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading global bank is seeking a Regulatory Reporting - Standards and Control Manager in the UAE. The role involves leading the regulatory reporting framework, ensuring compliance with regulations, and coordinating across various business lines. The ideal candidate will have a strong background in regulatory reporting, exceptional analytical abilities, and project management skills. This position offers an opportunity to make an impact in a fast-paced environment.

Qualifications

• Experience leading regulatory reporting efforts in a banking context.
• Proven track record of project management and process improvement.
• Strong analytical skills with attention to detail.

Responsibilities

• Lead the embedding of regulatory reporting process framework in the UAE.
• Coordinate and deliver the end-to-end regulatory reporting process.
• Maintain oversight of the regulatory reporting inventory.

Skills

Regulatory reporting expertise

Analytical skills

Project management

Stakeholder engagement

Data assurance techniques

Job description

Overview

Regulatory Reporting - Standards and Control Manager (ID: 0000LKDP)

Some careers grow faster than others. If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

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.