Manager, Regulatory Reporting

Job description / Role

Purpose:
- Ensure and provide support in compliance of regulatory reporting requirements.
- Support in regulatory reporting governance of the Bank and regulatory compliance on finance matters both at country/ emirates level.
- Ensure implementation of Group policies including regulatory reporting, operational risk, financial control and local compliance requirements for finance processes.
- Provide support in Group Management/ IFRS reporting.

Key Roles and Responsibilities

Accurate and timely production and submission of:
- UAE Central Bank returns
- Local Statutory accounts
- Basel II and Basel III reporting
- Statistical surveys reporting to individual emirates statistics department

- Provide advisory support to business and other functions on regulatory reporting compliance.
- Manage the process of regulatory audits, assessments and internal/ external audits in relation to regulatory reporting etc.
- Review PPGs for accounting treatment of new products as well as for existing product renewals in accordance with Group Accounting policies and also for regulatory reporting/ implication.
- Represent Finance at Regulatory Reporting Working Group (RRWG) and ensure issues/ new developments are being discussed & addressed and data integrity issues are identified/ escalated to Data Governance Committee (DGC) on timely and effective basis.
- Responsibility for monthly Financial Control System balance substantiation process.
- Ensure that regulatory function is in full/ complete compliance with Regulatory Reporting Policy, Financial Control Policy (FCP) and Operational Risk Framework.
- Actively contribute in Finance projects from accounting, compliance and controls aspect.
- Provide support in month end closing, review and submission of Management & IFRS pack reporting.
- Support in preparation and finalisation of forecasts/ budgets for Shared Support Function's Cost (SSC).
- Support in ensuring effective cost management across functions especially SSC, and help in preparation of commentaries with respect to Financial MI and Group FRA packs.

Requirements

* Accounting/ Finance Graduate with professional qualification like ACA or ACCA is preferred
* Working experience with big 4 audit firms or banks in financial reporting function is preferred
* Good knowledge of MS Office (strong MS excel / power point skills)
* Good communication and interpersonal skills
* Good analytical skills
* Ability to work under deadline pressure and maintain high levels of accuracy
* Ability to work independently with self initiative
* Should be a strong team player

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.