Analyst, Financial & Regulatory Reporting (Pillar 3)
- Recruiter
- Standard Chartered Bank
- Location
- London, United Kingdom
- Salary
- Competitive
- Posted
- 19 May 2023
- Closes
- 18 Jun 2023
- Ref
- 19623631
- Job Function
- Accounting/Audit/Tax
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
The Group Capital Regulatory Reporting (GCRR) is responsible for the production, control and delivery of the Group's key prudential supervisory reporting and disclosure for Capital, Large Exposures and Leverage, including: COREP (Own Funds, LE, Leverage) and Pillar 3, as well as the relevant parts of the Annual Report, Interim Management Statements and Interim announcements.
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 internal assessment of new regulations for the business, delivering Quantitative impact studies, supporting change functions and Financial Planning and Analytics, advising senior management, regulatory liaison, participating in industry groups, and supporting external stakeholders.
GCRR team has responsibility for reporting/disclosure requirements including COEP own funds, leverage, large exposures and Pillar 3. This is delivered by a team of ~12 in the UK and ~90 located in Global Business Service centres, mainly in Chennai, Bangalore and Poland. The team works 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, identifies and raises change requests for Finance Change to action and perform user acceptance testing.
The role of Regulatory Reporting Manager is to own the preparation and submission of accurate Pillar 3 disclosures.
Responsibilities
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. 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:
Visit our careers website www.sc.com/careers
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 internal assessment of new regulations for the business, delivering Quantitative impact studies, supporting change functions and Financial Planning and Analytics, advising senior management, regulatory liaison, participating in industry groups, and supporting external stakeholders.
GCRR team has responsibility for reporting/disclosure requirements including COEP own funds, leverage, large exposures and Pillar 3. This is delivered by a team of ~12 in the UK and ~90 located in Global Business Service centres, mainly in Chennai, Bangalore and Poland. The team works 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, identifies and raises change requests for Finance Change to action and perform user acceptance testing.
The role of Regulatory Reporting Manager is to own the preparation and submission of accurate Pillar 3 disclosures.
Responsibilities
- Playing a key role in preparation of Pillar 3 disclosures.
- Actively playing role in understanding the Basel 3.1/ UK on-shored CRR II rules and PRA guidelines and their impact on Pillar 3 disclosures.
- Ownership for certain external Pillar 3 disclosures.
- Compliance activities for Pillar 3 disclosures including partnering with Group Regulatory Policy to evidence compliance requirements
- Stakeholder management of Pillar 3 disclosures - responding to queries and requests, managing data submission and document changes etc.
- Supporting delivery of new regulatory changes through contribution to development and implementation of regulatory projects
- Managing delivery of ad-hoc data requests including
- PRA queries
- Industry data requests
- Ensuring adherence to the relevant sections of the Prudential Compliance Framework (Group Compliance) and Operational Risk Framework (Group Operational Risk)
- Developing tactical solutions in short time-frames to solve urgent issues in BAU reporting and controls
- Contributing to the Bank's response to relevant discussion on Consultation Papers and Technical Standards on regulatory developments and changes from the Basel Committee, PRA, EBA and others.
- Supporting Group Finance initiatives including business efficiency (e.g. faster close) and improvement of the control environment
- Qualified Accountant
- Expert Prudential Regulatory knowledge
- PRA Pillar 3 requirements
- GSIB
- Experience in interpretation and design of tactical reporting solutions (in Excel or other) in order to meet ad-hoc reporting requests and ability to manipulate large data sets.
- Good product knowledge (Balance sheet, trading book and of-balance sheet)
- Experience of working under pressure to produce high quality reporting in a highly controlled environment
- Advanced Excel user
- Experience of supporting Regulatory Change initiatives and projects
- SQL writing skills, Moody's Fermat (RAY), Balance Sheet reporting system (BPC)
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. 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
- Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
- Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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.
Visit our careers website www.sc.com/careers