Senior Manager, Financial & Regulatory Interpretation

Standard Chartered; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A global banking institution seeks a Regulatory Reporting professional to support Project Iris and ensure compliance with securitisation regulations within the Group Capital Regulatory Reporting framework. The role involves managing regulatory data, enhancing reporting processes, and collaborating with various internal stakeholders. Candidates should be qualified accountants with extensive experience in regulatory reporting and a strong grasp of prudential regulations.

Benefits

Competitive salary

Flexible working options

Core bank funding for retirement savings

Proactive wellbeing support

Continuous learning culture

Qualifications

• Qualified accountant with extensive experience in regulatory reporting.
• Strong knowledge of prudential regulations related to securitisation.
• Ability to interpret internal policies and apply them to reporting.

Responsibilities

• Ensure compliance with Basel 3.1 and UK regulatory reporting requirements.
• Support Project Iris for data governance and reporting accuracy.
• Drive efficiency in securitisation reporting processes.

Skills

UK CRR

Securitisation Regulation 2024

Project Management

Effective Communication

Education

University Degree or Equivalent

Qualified Accountant

Job description

Overview

The role will provide support for Project Iris, Securitisation Remediation and the implementation of B3.1 from Regulatory Reporting perspective within Group Capital Regulatory Reporting (GCRR).

Main activities include:

• Securitisation Remediation - Focus on ensuring that securitisation transactions are correctly captured, classified, and reported in accordance with regulatory requirements.
• Support the GCRR team on Basel 3.1 implementation and ensure it is appropriately captured from reporting perspective.
• Supporting the GCRR in relation to delivery of Project Iris.

This includes working with internal stakeholders such as Project Iris team, Regulatory Interpretation (Group Finance), Risk, and Front Office teams to ensure accurate representation of securitisation positions within COREP, Pillar 3, and other regulatory templates. The role also involves developing policies, controls, and implementation standards to enhance the reporting framework related to securitisation.

Key Responsibilities

• Align securitisation reporting process with the Group’s regulatory strategy and ensure compliance with evolving Basel 3.1 and applicable UK regulatory reporting requirements.
• Support Project Iris in Bank’s transformation projects to improve securitisation data governance and reporting accuracy.
• Drive efficiency in securitisation reporting processes, leveraging technology and automation where possible.
• Work towards closer integration with global regulatory reporting teams to enhance consistency and accuracy in reporting practices.
• Work closely with the Regulatory Interpretation team to understand and apply regulatory requirements in line with Bank’s Securitisation Policies and B3.1 requirements.
• Work with Regulatory Interpretation, Risk, and Business to improve data accuracy and controls in securitisation reporting.
• Develop a strong understanding of securitisation transactions, prudential treatments, and regulatory reporting expectations.
• Enhance the current regulatory capital calculations related to securitisation, including RWA treatment, large exposures, and leverage ratio impacts.
• Ensure accurate and complete regulatory reporting of securitisation exposures across all relevant templates (e.g., COREP).
• Support the enhancement of the change process for securitisation reporting to ensure compliance with regulatory expectations.
• Help to conduct training sessions to enhance stakeholder understanding of securitisation reporting obligations.
• Assist in the development of documentation to support regulatory submissions and support QA / internal auditors to review and validate securitisation reporting methodologies and relevant controls.
• Identify and address data and reporting gaps, ensuring alignment with Bank’s Securitisation Policies and Standards.
• Responsible for design and execution of BAU control framework for securitisation including relevant policies and standards, and monitoring of controls.

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

Key stakeholders

• Global Head, Financial Regulatory Reporting
• Global Head Accounting and Regulatory Policy
• Finance Change
• Specialised Finance Risk
• Credit Trading
• CPM Distribution

Other Responsibilities

• Embed Here for good and Group’s brand and values in the team; Perform other responsibilities assigned by the people leader.

Skills and Experience

• UK CRR
• Securitisation Regulation 2024
• Project Management
• Effective Communication

Qualifications

• Education University Degree or Equivalent
• Certifications Qualified Accountant

Essential Requirements

• Qualified accountant with extensive experience in regulatory reporting (e.g., COREP, FINREP, Pillar 3)
• Strong knowledge of prudential regulations related to securitisation, including capital treatment, risk-weighted assets (RWAs), and regulatory reporting.
• Ability to interpret internal policies and regulatory requirements and apply them to reporting processes.
• Experience in data governance, controls, and reconciliations related to regulatory reporting.
• Strong analytical skills, attention to detail, and ability to manage complex datasets.
• Excellent stakeholder management and communication skills.

Preferred Requirements

• Experience in securitisation, structured finance, or regulatory reporting functions.
• Deep understanding of securitisation related products and deals and its RWA calculation under UK CRR.

Competencies

Action Oriented, Collaborates, Customer Focus, Gives Clarity & Guidance, Manages Ambiguity, Develops Talent, Drives Vision & Purpose, Nimble Learning, Decision Quality, Courage, Instills Trust, Strategic Mindset

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. 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.

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