Job Summary
Strategy
- Ensuring alignment with country stakeholders on the development and execution of country specific strategic goals regarding Capital / Liquidity & IRRBB / other Country Financial Regulatory Reporting (FRR).
- Identifying and implementing best practices to enhance reporting efficiency and accuracy.
Business
- Understanding and articulating country specific regulatory requirements, including but not limited to the Basel Framework (Basel II, III and IV), capital/liquidity/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 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 where appropriate.
- 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.
Key Responsibilities
People & Talent
- Planning and allocating resources effectively to meet reporting deadlines and regulatory requirements.
- Developing the team to build capacity and elevate team capabilities at pace with evolving regulatory and business demand.
- Providing guidance, training and mentorship to the GFS regulatory reporting team on technical knowledge, best practices, and technologies.
- 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.
Skills and Experience
- GPO/GPM, Capital & Liquidity & FRR
- Group Regulatory Reporting – Head and Reporting Leads
- 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 Capital & Liquidity Change
Qualifications
- MBA (Fin) or Master’s in finance / Accountancy / Economics or affiliated subjects; Undergraduate degree in Science / Engineering / Commerce.
- Chartered Accountant: Risk Management or related Professional Certification will be an added advantage.
- Minimum of 12 years preferably in Capital Regulatory Reporting.
- Strong knowledge of Capital & Liquidity regulations and metrics; Proficient in analytics to drive deep understanding of Capital & Liquidity; Collaboration mindset; able to deliver solutions to improve BAU.
SKILLS AND COMPETENCIES
Specific Skill set:
Technical
- Understanding of the bank’s products and services with specialisation in atleast one of FM, CIB, or Treasury products
- Financial Reporting skillsets & experience
- Fundamental understanding of Balance Sheet Management
- Regulatory reporting experience
- Conceptual knowhow of Balance Sheet Management metrics and its calculation methods – Liquidity, IRRBB, Capital
- Robust understanding of the Regulatory Framework associated with FINREP, COREP, Liquidity and IRRBB reporting (e.g., Basel framework, country regulatory reporting taxonomy)
- Understanding of IFRS Accounting
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.
