Senior Regulatory Reporting Manager

HSBC; Kuala Lumpur; On-site; MYR 150,000 - 200,000; Full time

Job summary

A leading financial institution in Kuala Lumpur is seeking a Senior Regulatory Reporting Manager to oversee local regulatory reporting, manage a team, and ensure compliance with regulatory guidelines. Ideal candidates will possess a strong background in risk management and regulatory compliance with over 10 years of experience in financial leadership roles. Competitive compensation and a dynamic work environment are offered.

Qualifications

• 5-10 years of relevant experience in financial compliance.
• Experience in regulatory reporting within banking products.
• Strong skills in presenting and influencing stakeholders.

Responsibilities

• Manage local regulatory reporting team and ensure accuracy.
• Lead regulatory projects and handling submissions to regulators.
• Oversee compliance with Basel II/III requirements.

Skills

Risk management

Analytical skills

Regulatory reporting principles

Effective communication

Leadership

Education

Qualified accountant

Job description

Some careers grow faster than others.

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. 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.

Global Finance is integral to HSBC’s purpose and strategy. Finance teams provide the bank with internal and external financial reporting, forecasting, controls oversight and stress testing expertise. Our specialist areas also manage HSBC’s worldwide tax affairs, group treasury needs, and events for investors and analysts. This global team partners with the business to provide trusted insights and forward looking analysis to help the leaders make informed decisions.

We are now inviting qualified individuals to join this team in the role of Senior Regulatory Reporting Manager.

Role Purpose

The role holder is responsible for the effective delivery of local regulatory reporting matters in relation to HSBC Bank Malaysia Berhad (HBMY)/ HSBC Amanah Malaysia Berhad (HBMS) / HSBC Labuan (LBU).

The role holder is one of the two leaders who manages the local regulatory reporting team who prepares and analyses various financial data for local regulatory bodies (mainly Bank Negara Malaysia (BNM) and Malaysia Deposit Insurance Corporation (PIDM)). Frequent liaison with the regulators is expected as the role holder and the team are the contact point for regulators to seek clarification/explanation on the Bank’s regulatory reporting matters.

Principal Accountabilities

• Overall accountable for Capital and Risk Weighted Asset (RWA) reporting, including RWA for local stress test, and other RWA related queries from Group/Region. This includes compliance with Basel 3 Reform (B3.1) requirements for Operational Risk, Non-counterparty credit risk, Counterparty credit risk (SACCR), Market risk/Fundamental Review of the Trading Book.
• Overall accountable for other reporting, such as External Assets and Liabilities reporting, Submissions under Statistical Reporting Enforcement Framework (SREF), LFSA returns.
• Ensure effective controls are in place over regulatory reporting processes.
• Manages audit process/ post audit actions.
• Lead regulatory reporting system enhancements and projects, including automation and streamlining projects to promote efficiency.
• Handles other Regulatory Reporting returns/ matters as needed, including queries from regulators.
• Lead regulatory projects, eg implementation of new regulation, updates or amendments. This includes responding to consultation papers/quantitative information surveys, request and secure budget, setting up project working group, delivering the project and post-go-live maintenance.
• Work collaboratively with the wider Finance team to promote synergy.
• The role holder will manage approximately 7 Fixed Terms Employees.

Impact on the Business / Function

1. Manage and supervise Local Regulatory Reporting team who are responsible for the preparation and submission of financial/ statistical data to the Central Bank (BNM), Group offices & other regulatory bodies.

• Ensure HBMY/ HBMS/ LBU submissions are accurate and submitted within deadline.
• Ensure reporting are in accordance with regulatory guidelines and requirement.
• Ensure compliance with regulatory / financial ratios and control procedures required by Group Finance Manuals (FIM), local regulations (eg BNM, PIDM etc) and accounting standards.
• Investigate unusual trends / transactions in financial reports so that errors and issues are resolved promptly or escalated where appropriate.
• Supports the ALCM and Board and Management Committee for financial risk reporting and management (e.g. local liquidity, equity risk and operational risk) and control through preparation of timely and accurate reports and papers.

2. Manage the transition and changes of regulatory environments, such systems, guidelines, and reporting requirements. For example, updates on Basel II/ Basel III/ Basel 3 reform (B3.1) requirements, any new PIDM requirements, EAL reporting requirements changes and FERMAT system upgrade and enhancements. This includes, but not limited to, the following:

• Interpret new/changes to reporting guidelines, identify reporting needs/ problem areas/ system requirements, resolve, implement and ensure full compliance.
• Coordinate response to regulator’s consultation document or surveys.
• Ensure adequate and appropriately resources are available to meet the reporting requirements, including both budget and staff resource.
• Co-ordinate all implementation of regulator’s systems and support as primary liaison between business functions and external parties/ regulators.
• Progressively review systems and working files to ensure rules/ formulas/process and control documentations are in order and up-to-date.

3. Manage ad-hoc request/ query from regulators & Group/Region, including coordinating input from other internal functions, ensuring timely response, and accurate representation.

4. Timely provision of advice on RWA impact / supply of RWA data to internal business function for local stress test, feasibility study of new product / potential deals, and RWA savings initiatives.

Qualifications

• Qualified accountant with a comprehensive understanding of risk management, Basel II requirements, familiar with financial compliance regulations, and with 5-10 years of relevant experience.
• Work experience demonstrating knowledge of regulatory reporting principles and its application on the banking products and services, as well as strong analytical skills, is required.
• Resilient, forward-thinking, and adaptable professional with a minimum of 10 years of financial experience in a leadership position.
• Effective communication (both verbal and written) and interpersonal skills, including experience in presenting, influencing and maintaining strong working relationships with a wide variety of senior internal and external stakeholders.
• Ability to work with new and changing requirements from different regulators and analyse these requirements and their impact on the Bank.
• Excellent leadership, interpersonal and communications skills.
• Strong leadership skills in navigating, aspiring, driving, mobilising and sustaining, in line with HSBC values of openness, connectivity and dependability.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation needed will be prioritised.

Opening up a world of opportunity.

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 HSBC Bank Malaysia Berhad