Manager, Financial & Regulatory Reporting

Job Summary

Strategy

• This role will be responsible for supporting the financial and regulatory function for Hong Kong (including both consolidated regional GCNA reporting and solo SCBHK reporting).  

Business

• This covers the full spectrum activities, including – routine BAU reporting, implementation of new / changes in financial / regulatory reporting requirements, process enhancements and automation initiatives.

Processes
The candidate is expected to play a central role in delivering the following:

• Deliver annual and interim local financial statements in accordance with IFRS / HKFRS and the Banking Disclosure requirements – with continuous interaction with Group Finance team in enhancing the group consolidation system to achieve operational synergies
• Deliver regulatory returns for submission to the HKMA (other than capital and liquidity returns) and manage regulatory reporting process including the interactions with stakeholders within and outside Finance (including relevant counterparts in the region), and ensure an effective and efficient internal control system is in place for the returns submission function, and reporting requirements and completion guidelines are complied with 
• To manage new or changes in regulatory reporting requirements from the HKMA – leading the gap analysis, reviewing / providing feedback in consultation papers, coordinating the execution steps in implementing the changes.
• Review quarterly IFRS reporting packs submitted to the Group
• To improve efficiency and quality of reporting to the HKMA - which includes maintenance and enhancement of LRR platform (automated regulatory return compilation system), any relevant EUCs and introducing or enhancing any necessary control steps and presenting in relevant regulatory reporting control forums
• To assist in ad hoc Finance projects and contribute from a regulatory reporting perspective
• Assist in addressing issues / queries raised by management, regulator, internal stakeholders, internal/ external auditors

Key Responsibilities

People & Talent

• The candidate should be a subject matter expert in certain areas in financial and regulatory reporting in order to lead and drive the related reporting process with the help from the team and the offshore support team – e.g. consolidation, IFRS 9, HKMA’s Asset Quality related banking returns

Risk Management

• Ability to interpret financial information, identify key issues based on the information and put in place appropriate controls and measures.

Governance

• Ensure compliance with the Group’s financial and regulatory reporting policies and reporting requirements with the support from peer teammates and the offshore hub.

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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

• The candidate should be one of the key liaison persons interacting with stakeholders within and outside Finance to provide advice and articulation of financial and regulatory reporting requirements.

Skills and Experience

• Accounting
• Change Management
• Financial Analysis & Reporting
• Internal Controls
• Financial Record Keeping
• Financial and Accounting Systems

Qualifications

• Degree in Accounting, Finance or related disciplines
• Relevant experience gained from banks or major audit firms for banking profile
• HKICPA or Equivalent chartered accountant
• Fluent in spoken and written English and Chinese