Job Summary
- 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).
- This covers the full spectrum activities, including – routine BAU reporting, and process enhancements and automation initiatives
- The candidate should be a subject matter expert in certain areas (Derivatives reporting and Large Exposures reporting) in financial and regulatory reporting in order to support and drive the related reporting process with the help of his / her peers in the team and the offshore support team.
- The candidate should be one of the key liaison members interacting with stakeholders within and outside Finance to provide advice and articulation of financial and regulatory reporting requirements
Key Responsibilities
The candidate is expected to play a central role in delivering the following:
- Ensure compliance with the Group’s financial and regulatory reporting policies and reporting requirements with the support from peer teammate and the offshore hub.
- Support the delivery of annual and interim local financial statements in accordance with IFRS / HKFRS and the Banking Disclosure requirements – mainly on derivatives related disclosures
- Support the delivery of regulatory returns for submission to the HKMA (including derivatives related returns and large exposures return) 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.
- Manage new or changes in regulatory reporting requirements from the HKMA – leading the gap, reviewing / providing feedback in consultation papers, coordinating the execution steps in implementing the changes.
- Support the 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 management, regulator, internal stakeholders, internal/ external auditors
Regulatory and 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
- Head, Financial and Regulatory Reporting
- Financial Controller
- Change/Aspire Project Delivery
- Other Finance and Risk Functions
Other Responsibilities
The role also requires to support projects or change initiatives
- Project support role will be mainly focused on project management aspects involving tracking action points and meeting milestones, preparing regular updates and MIS to key stakeholders, and in partnership with Change Lead to aid with the design and implementation of the areas prioritised initiatives.
- Project support role will also include data gathering/validation and conduct testing for underlying change initiatives
- Effectively and collaboratively identify, escalate, mitigate, and resolve risk and impediments in relation to project support role
- Ensuring deliverables are of the desired quality and have appropriate endorsements/ signoffs
Skills and Experience
- IFRS
- HKMA banking returns / regulatory reporting
- Project and Data Management
Qualifications
- Qualified accountant with relevant working experience in banks, or Big 4 banking audits
- Hands-on knowledge in consolidation, IFRS 9, HKMA banking returns / regulatory reporting systems / processes, and banking products. Knowledge on derivatives and large exposure reporting is an advantage
- Ability to work in an organised way, multi-tasking, prioritising, managing data to meet tight deadlines
- Strong analytical skills and data skills
- Strong communication and interpersonal skills, able to convey complex messages quickly and succinctly to stakeholders with confidence
- High levels of drive and resilience along with attention to detail
What we offer
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 leave, parental/maternity (20 weeks), sabbatical (12 months 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.
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