Executive Director, Group Liquidity Regulatory Reporting
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
The Financial Regulatory Reporting team is responsible for the production, control and delivery of the Group's key prudential supervisory reporting and disclosure for Capital, Liquidity, Large Exposures and Leverage, including: COREP (Own Funds, LCR, LE, NSFR, Leverage), Pillar 3 and PRA 110. The team is based in London and supported by teams in India, Poland and Singapore. The team also plays a key support and liaison role for country reg teams, global functions (such as Risk, Compliance and Treasury), Investor Relations and is a key contact for the Bank of England. The team also acts as a centre of subject matter expertise in solvency and liquidity regulations for the business, change functions and Financial Planning and Analytics, advising senior management and supporting external stakeholders.
The Group Liquidity Regulatory Reporting (GLRR) team is responsible for delivering Liquidity reporting for SCB's UK consolidations including LCR, NSFR, CFMR (PRA 110), FSA047/048 and FSB Phase 2. This is delivered by a team of ~10 in the UK and ~60 located in Global Business Service centres, mainly in Chennai and Bangalore. The team work closely with the Group Financial Reporting team and are key stakeholders in the quarterly disclosure process. The GCRR team designs and operates the control framework, identify and raise change requests for Finance Change to action and perform user acceptance testing. The team works closely with many functions and global locations including Risk, Compliance, ITO, Treasury, FP&A, Investor Relations and country regulatory reporting/balance sheet management teams. They also handle regulatory liaison where necessary, including ad hoc internal and external requests. The role also has specific responsibilities for approving new products, in the main from the Financial Markets (FM) business.
Liquidity Reporting in Finance and Liquidity Management in Treasury have initiated a Taskforce to address urgent shortcomings in Liquidity calculation and reporting data, process and controls, and the role will provide direct support to the Taskforce as required, particularly with regards to FM products. The team also supports on ad hoc and urgent issues impacting solvency and liquidity regulatory reporting.
The role of Executive Director, Group Liquidity Regulatory Reporting is a senior leader in the GLRR team.
- Develop and drive the strategy for the team that fits in with the overall regulatory change landscape and aligns to targets under the operational risk framework.
- Driving a team with multiple, diverse and senior stakeholders, obtaining buy in where necessary and effecting improvements to existing policy and processes.
- In depth understanding of the Group's businesses and products and how they impact regulatory metrics, reporting and associated controls.
- Expertise in relation to the regulatory liquidity calculations, including current and future rules and regulations and how they apply to SCB.
- Financial Markets product expertise, experience of assessing new products for regulatory reporting requirements.
- Expertise in systems and processes used to generate regulatory metrics.
- Responsible for the strategy, execution and delivery of assurance with regards to data sourcing, calculations and reporting of regulatory metrics that are generated within the Global Financial Regulatory Reporting team. This includes prioritisation and delegation of activities to team members and liaising with stakeholders in COE, Global Risk functions, ITO and other teams as required, alongside the performance of assurance activities.
- Responsible for providing business advisory for new and existing products.
People and Talent
- Lead a team (direct and/or matrix) of highly skilled individuals through example to build the appropriate culture and values, focussing on engagement and retention.
- Set objectives for direct reports and provide regular feedback with regards to those objectives and ensure the team benefits from ongoing training and development in relation to their roles.
- Responsibility to review team structure in relation to the relevant objectives.
- Influence change in relation to the controls strategy for the production of regulatory metrics in Financial Regulatory Reporting.
- Identify control gaps in the end-to-end regulatory reporting process within Finance.
- Design or amend and implement suitable controls across the suite of regulatory metrics reported by Financial Regulatory Reporting.
- Responsible for design of governance around change, utilising the data quality forum, monitoring, implementation and review of controls and issues that arise from the review activities conducted by the RPS team.
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.
- Lead the RPS team to achieve the outcomes set out in the Bank's Conduct Principles : Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Liaise with senior stakeholders in Group Risk Functions, SCB Businesses, Regulatory Policy, COE, Treasury, Group Financial Reporting, Country functions, Compliance, Investor Relations, Finance Change.
Our Ideal Candidate
- Act as delegate for Head of Group Liquidity Regulatory Reporting.
- Qualified accountant
- Regulatory reporting, regulatory policy and regulatory project experience in major UK banks (SCB peers). Experience of PRA/FCA enforcement and S166 audit desirable.
Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our career pages .