The Role Responsibilities
- Ensure accuracy, integrity and timeliness of information submitted to regulators (MAS, SGX etc.)
- Strive to improve the quality of regulatory submissions, control & governance framework and related processes
- Execute initiatives to improve the quality of returns and efficiency of reporting process
The scope of the role includes, but not limited to:
- To have and maintain excellent understanding of applicable laws and regulations relating to regulatory reporting including but not limited to revised MAS 610, MAS 649, MAS 640, MAS 758 etc.
- To ensure submission of the regulatory returns as per prescribed timelines and escalate in a timely manner for management action in case there are risks to the deliverables
- Ensuring adherence and enhancement of controls, reviewing for potential data quality issues impacting regulatory reporting and supporting improvement initiatives in collaboration with other business/functions teams
- To liaise with stakeholders from across Malaysia / Thailand / Vietnam and to ensure that teams from these locations complete their processes in a timely manner with the proper reviews and sign-offs.
- To support liaising with regulators by ensuring queries are addressed in a timely and effective manner
- To ensure robust documentation is in place for activities performed by the team via timely update and review of the DOIs
- Supporting ongoing automation of the regulatory reporting processes covering articulation of the MAS requirement to BA/Technology teams, testing, cross validation, resolution of issues, solution design review for specific requirements.
- To collaborate and support finance projects (including system enhancements) with the objective of ensuring continuity of compliance to regulatory reporting requirements and enhancement of data quality and process efficiency
- To identify the current process gaps and to implement effective workaround to improve the efficiency
- To maintain excellent collaboration and working relationship, effective communication with offshore finance teams supporting RR.
- Finance Transformation Initiatives: Work closely with Finance Transformation teams to land the delivery of planned initiatives in Singapore including robust testing of RR requirements during testing phases
- Business or bank-wide initiatives: Support business/ bank growth by understanding impact of changes on Singapore Finance and coordinating and participating in testing where necessary.
- Support preparation and completion of the local financial statements and ensuring that these have been prepared in accordance with the relevant reporting standards (FRS, IFRS) and the bank’s accounting policies.
- Liaising with external auditor to resolve audit and accounting-related queries and issues
Business
- Good understanding of banking products and segments to engage and discuss matters impacting regulatory reporting
Processes
- Detailed understanding of end to end regulatory reporting processes and ability to identify issues/gaps in the current processes and provide solutions to improve the control environment
Risk Management
- Highlight any issues which can adversely impact information submitted to regulators so that related risk, if any can be assessed, escalated, monitored and mitigated.
Key stakeholders
- Country Finance teams from Malaysia, Thailand and Vietnam
- Offshore Finance teams supporting Regulatory Reporting
- Various business operations, risk and compliance teams
- Finance change team
- Finance technology team
- Finance teams in other functions like product control, performance management, business partnering, treasury finance
Our Ideal Candidate
- Relevant accounting qualification (e.g. accounting degree, ACCA, CPA).
- 5+ Years of experience in Financial reporting/ Regulatory reporting
- Good knowledge of the Banking Act and MAS rules, regulations and notices
- Should be a resilient individual, a self-starter with good communication and inter-personal skills
- Relevant experience in Financial / Regulatory Reporting.
- Some project / change management experience and exposure to using regulatory reporting tools (e.g. Axiom) is preferred.
- Having a background in Technical Accounting is preferred
- Must demonstrate strong understanding of accounting control and reconciliation concepts and have experience dealing with complex accounting or system errors
- Demonstrates strong problem-solving skills and attention for details.
- Team player.
Role Specific Technical Competencies
- Financial reporting/ Regulatory reporting
- Banking Act and MAS rules, regulations and notices
- Knowledge of FRS/IFRS
- Change management
- Stakeholder management
About Standard Chartered
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
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- 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 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.
Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
