Senior Manager CRR

Standard Chartered India; Chennai District; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

Standard Chartered India is seeking a senior professional to lead country regulatory reporting (FRR). You will align with country stakeholders to shape strategy, drive accurate reporting, and implement best practices for efficiency across Finance, Risk and IT.

You will ensure timely submissions to regulators, manage daily delivery, and guide a high-performing team, fostering a culture of integrity and operational excellence.

Qualifications

• Chartered Accountant (CA) / Cost Accountant (CWA) or MBA (Finance/Banking) from a reputed institute.
• Minimum 8 years in Financial Regulatory Reporting, IFRS and related controls.
• Strong knowledge of regulatory reporting, IFRS, product control and balance sheet management.

Responsibilities

• Align with country stakeholders to develop and execute FRR strategy and goals.
• Identify practices to improve reporting efficiency and accuracy.
• Translate local regulatory requirements into business and functional specs for Finance, IT and Risk.
• Ensure timely submission of local regulatory returns to RBI, MAS, etc.
• Provide day-to-day delivery management and address queries within deadlines.
• Maintain governance, data quality, and process controls over reporting.
• Leverage automation to streamline regulatory reporting processes.
• Lead and develop a high-performing team with a focus on accuracy under pressure.

Skills

Regulatory Reporting

IFRS Accounting

Data Analysis

SQL

Python

Stakeholder Mgmt

Banking Knowledge

Tools

SQL

Job description

Job Description:

Key Responsibilities

Strategy

• Ensuring alignment with country stakeholders on the development and execution of country specific strategic goals regarding Country Financial Regulatory Reporting (FRR).
• Identifying and implementing best practices to enhance reporting efficiency and accuracy.

Business

• Understanding and articulating country specific regulatory requirements, FRR metrics computation and methodologies, and regulatory parameters and key drivers.
• Understanding banking products and country specific business context and correlating these to local regulatory reporting.
• Translating relevant local financial regulatory requirements into business and functional requirements and driving the discussion with country stakeholders across Finance, Treasury, Risk, Data, IT and the Business for ongoing compliance in local regulatory reporting.
• Maintaining effective communication with stakeholders to understand their requirements and queries and provide necessary execution and consultation support.

Processes

• Ensuring accurate and timely submission of all required local regulatory returns to relevant senior stakeholders and/or regulatory authorities ( like RBI for India, MAS for Singapore and so on) , where appropriate.
• Provide day-to-day delivery management to the team
• Ensuring all queries for submitted reports are addressed within timelines including any ad hoc requirements in respect to processes managed.
• Ensuring the operational efficiency, accuracy and completeness of the reports are monitored with appropriate KPIs.
• Establishing robust governance and controls for the reporting process including the requirements to manage report quality and operational control. This includes expected data quality monitoring required in the reporting standards for regulatory reporting.
• Continuously striving for process optimization to enhance production efficiency and reduce errors.
• Leveraging technology and automation tools to streamline reporting processes.
• Supporting the transition of changes into BAU effectively that is aligned with the Bank's regulatory and technology objectives.

People & Talent

• Train & manage an engaged a team of high performing individuals. Manage service delivery at the time of attritions with the supervision of team Head.
• Motivate team to deliver a high degree of accuracy under pressure is important as during the reporting periods the team is required to meet tight deadlines
• Building relationships to improve collaboration across country and GFS functions to resolve issues and implement changes for local regulatory reporting.

Risk Management

• Monitoring and ensuring that appropriate BAU and Change governance and controls are followed across all production and transformation activities.
• Overseeing the maintenance of comprehensive documentation of reporting processes, standards and controls.
• Coordinating with internal and external auditors to facilitate audits and reviews.
• Identifying, monitoring and escalating as and when required key issues in the regulatory reporting process leading to material errors in regulatory returns.

Governance

• Monitor and ensure that appropriate Change governance is followed across all transformation initiatives. Represent the function at the governance forums in place for tracking change initiatives and influence decisions in respect of the change backlog, prioritisation, choice of technology tools and the operating model.

Leadership Qualities & Characteristics

• Upholding high ethical standards and ensuring all reporting activities are conducted with integrity and transparency.
• Promoting a culture of diversity and inclusivity, compliance and ethical behaviour within the team.
• Inspiring proactive and innovative behaviours in the team to continuously improve performance and strive for excellence.
• Leaders should be hands-on to undertake activities/tasks on their own as the role demands while supporting and managing other members of the team
• Self-motivated and able to work independently and to proactively seek guidance from others as needed.
• Strong team player and has the capacity to build good working relationships with cross functional / geographical team
• Positive outlook and a desire to stretch themselves to achieve both personal and functional success. Demonstrate leadership under pressure situations and demonstrate the ability to cope with tight deadlines and constraints

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, elevate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• GPO/GPM, Capital & Liquidity & FRR
• Country Regulatory Reporting – CFO, Financial Controller and Country Leads
• Credit and Market Risk functions – Functional Heads and Leads
• Technology and PSS – Head and Leads across PSS and Technology
• Change Management - Head and Leads across Financial Regulatory Reporting Change

Skills And Experience

Specific Skill set

Technical

• Understanding of the bank's products and services with specialisation in at least one of FM, CIB, or Treasury products
• Local Financial Regulatory reporting experience
• Financial Reporting skillsets. IFRS accounting & experience
• Fundamental understanding of Financial Statements & Balance Sheet Management
• Robust understanding of the Regulatory Framework & Taxonomy associated with Financial Regulatory Reporting
• Conceptual knowhow of Balance Sheet Management metrics and its calculation methods – Liquidity, IRRBB, Capital may be beneficial.

Soft Skills

• Very good written and verbal communication skills
• Ability to engage with senior stakeholders.
• Excellent Interpersonal Communication
• Strong Business Writing skills

Technology Orientation (what Will Give The Candidate An Edge)

• Knowledge of Python
• SQL Platforms
• Knowhow in deploying AI and ML solutions to mechanise processes and achieve scale.

Priority Technical Skills

• Financial Analysis & Reporting
• Creates and maintains accuracy of financial reports and statements required for reporting (internal and external) leveraging key processes and tools within the Bank.
• Ability to prepare, analyse, and review financial reports to evaluate the Bank's financial performance and/or regulatory compliance
• Financial Products and Markets
• Understand and apply knowledge pertaining to SCB customer segments, product groups and the linkages of product vs. capital and liquidity.
• Data Gathering
• Knowledge of and ability to utilise tools (e.g. SQL), techniques and processes to interrogate and extract data for analysis and reporting purposes.
• Risks & Controls
• Covers the Group's Enterprise Risk Management Framework (ERMF) approach and governance infrastructure needed to identify, assess, mitigate and escalation Finance risks. These include accounting principles, policies and procedures around regulatory reporting, balance sheet management, tax, product and valuation control.
• Operational Risk
• Knowledge of policies and key frameworks to identify, measure, and monitor risks / compliance relating to the potential financial loss from inadequate or failed internal processes, technology events, human error or from the impact of external events.
• Balance Sheet Management
• Assesses, optimises and monitors the Bank's / business function's balance sheet to protect financial health, enhance financial resilience, ensure regulatory compliance, and support business growth aligning with the bank's strategy.
• Capital Management
• Understand and apply knowledge pertaining to the external capital markets, regulatory requirements and thresholds, and the Group's capital structure to support managing capital positions, metrics and capital risks, including stress testing, reporting and optimising the Group/Country capital resources and usage.
• Liquidity Management
• Understands the Group's capital structure to support managing capital positions, metrics and capital risks, including stress testing, reporting and optimising the Group/Country capital resources and usage.
• Interest Rate Risk (IRR) Management
• Leverages Interest Rate Risk (IRR) Management tools, techniques and processes within the Bank to assess and control the Bank’s and/or clients’ exposure to IRR in adherence to established guidelines and regulations.
• Liquidity Risk
• Identifies, measures, manages and monitors risks relating to the lack of ability of organisations to meet financial obligations without making catastrophic losses when selling investments / assets to cover obligations.
• Credit Risk
• Identifies, measures, manages and monitors risks relating to borrowers’ failure to repay loans or meet its financial obligations to the Bank.
• Understanding of Credit Risk Weighted Assets (RWA) methodologies, critical data elements, calculation and reporting operations and functionalities along with controls.
• Market Risk
• Identifies, measures, manages and monitors risks arising from changes to market variables impacting prices and volatility (e.g., interest rate changes, commodity price changes), on a local, regional and global level.

Other Technical Skills

• Financial and Accounting Systems
• Knowledge of functions, features and capabilities of financial and accounting systems; ability to use financial and accounting applications specific to the organisation for business and/or regulatory purposes.
• Standard Operating Procedures
• Knowledge of established standard operating procedures (SOP) and ability to design, implement and evaluate standard operating procedures affecting daily and strategic business operations in order to increase operational efficiency.
• Financial Process Documentation
• Knowledge of appropriate techniques and ability to accurately and thoroughly document financial processes in accordance with established standards and regulatory requirements, guidelines and expectations (where applicable).
• Product Line (Financial Markets (FM))
• Understands FM products / services provided by the Bank.
• Develops and manages the Bank’s overall FM products / services strategy and implementation.
• Product Line (Transaction Banking (TB))
• Understands TB products / services provided by the Bank.
• Develops and manages the Bank’s overall TB products / services strategy and implementation.
• Data Analysis and Visualisation
• Scopes and shapes business requirements into feasible and specific data analysis tasks.
• Interprets data according to defined requirements to obtain business insights, including the use of statistical and predictive modelling techniques and practices for analysis.
• Communicates data findings and insights through data storytelling to key stakeholders through dynamic visual display of data.
• Business Acumen
• Understands the Bank’s vision, business and its activities, including organisational and industry-wide matters, and applies such knowledge to business decisions and activities.
• Communication
• Conveys and exchanges thoughts, ideas and information effectively through various mediums and approaches to a variety of audiences

Qualifications

• Chartered Accountant (CA) / Cost Accountant (CWA) or its equivalent, MBA (Finance), MBA (Banking), or any Finance equivalent from an institute of Repute.
• Minimum of 8 years preferably in Financial Regulatory Reporting, Financial Reporting ( based on IFRS )
• Strong knowledge of Financial Regulatory Reporting interpretation, IFRS regulations, Banking products & accounting, Product Control; Proficient in analytics to drive deep understanding of Financial statements of Banks ; Collaboration mindset; able to deliver solutions to improve BAU.

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