This role could be based in UK or India. The role of Head, Strategic Initiatives, Financial Regulatory Reporting leads the Strategic Initiatives team, part of the Group Financial Regulatory Reporting team based in the UK reporting directly to the Global Head, Financial Regulatory Reporting (FRR). 

The FRR team is part of the Group Financial Controller’s Group Finance team and comprises the following key teams and responsibilities:

• Group Capital Regulatory Reporting (GCRR) - responsible for the control and delivery of the Group’s key prudential supervisory reporting and disclosure for Capital, Large Exposures and Leverage, including COREP and Pillar 3. 
• FRR Business Support – responsible for new product/transaction assessments and controls, represents the Group Financial Controller (the Material Risk Taker or MRT) in new product controls for capital and liquidity regulatory reporting.
• FRR Quality Assurance – sitting between the first and second lines of defence, this is a new team responsible for providing assurance on the accuracy of calculations and data across Capital and Liquidity.
• Regulatory Interpretations – responsible for regulatory interpretations (focus on Capital, Leverage and Large Exposures) and associated governance.
• Policy ownership for the FRR Policy that governs all financial regulatory reporting in Standard Chartered, both for the Group and Countries.
• Strategic Initiatives – responsible for prioritisation of the global finance investment budget for capital regulatory reporting and calculations and all local financial regulatory reporting in countries. Current focus is on Basel 3.1 compliances changes for credit risk RWA, operational risk RWA, leverage and large exposures and also remediation activities resulting from activities such as the recent s166.

Key Responsibilities

• Accountable for implementing the strategy to ensure compliance with prudential capital regulatory rules as set by the Global Head, Financial Regulatory Reporting.
• Consulted on Risk and Finance’s resource (people, location, technology) strategy as it impacts Financial Regulatory Reporting.
• Play a leading Subject Matter Expertise role in a major global regulatory reporting transformation programme.
• Consulted on business strategy and products as they pertain to prudential capital regulatory interpretations.  
• Consulted on Group capital efficiency initiatives.
• Consulted on Group and Solo capital assessment of business performance.
• Responsible capital regulatory SME for compliance changes impacting Group and Solo Capital regulatory calculations and reporting.
• Accountable for setting, maintaining and executing a best-in-class framework for managing regulatory interpretation risk including maintaining clear and updated documentary evidence of interpretations made. 
• Responsible for responding to regulator requests on technical issues.
• Consulted on a wide variety of regulator queries and requests as necessary.
• Responsible for leading direct and industry group responses to consultations, discussions etc.
• Manage the sub-team in accordance with the operating model of the Financial Regulatory Interpretation team.
• Identify development opportunities, provide training, career coaching and mentoring to more junior team members.
• Accountable for assessing risks to the Group from inaccurate Financial Regulatory Reporting Interpretations.
• Design, implement and maintain an appropriate control framework mitigating risks to the group from inaccurate capital regulatory interpretations.
• Accountable for ensuring that Financial Regulatory Interpretations are controlled in accordance with the Group’s Risk, Regulatory and Compliance frameworks.
• Accountable for ensuring an appropriate risk monitoring, escalation and transparency framework is in place for Financial Regulatory Interpretations.

Skills and Experience

• Experienced expert in UK capital prudential regulations rooted in strong working knowledge of Basel-driven prudential regulatory concepts
• Thought leader who can drive the regulatory interpretation agenda across the region. Good knowledge of the global (Basel, FSB) regulatory standards and other regulatory frameworks across the Standard Chartered footprint in the regions and countries, in particular EU regulation
• Ability to identify new and emerging prudential regulatory requirements and assessing how they may impact SCB
• Direct experience in regulatory transformation programmes in a leadership role (accountable exec, product owner etc) including major rule changes and installing regulatory technology solutions
• Direct experience of audit and compliance in a regulatory reporting environment, preferably section 166 review in the UK
• Financial Services industry experience, with a working knowledge across universal banking products and a demonstrative network in the industry. Track record of advising the business on the regulatory treatment of complex transactions ensuring consistency in the application of regulatory interpretations.
• In depth working knowledge of supervisory processes and an effective network across regulatory authorities and the ability to establish supervisory expectations to feed into robust regulatory interpretations
• Track record of making considered decisions and recommendations and building on existing ideas and structures
• Ability to work under pressure and make decisions in ambiguous environments, often without complete information.
• Strong interpersonal, influencing, communication and collaboration skills with the ability to build and sustain strong working relationships and establish credibility with stakeholders. 
• Established track record of leading consultation responses, advocacy and active participation in industry fora.
• Compelling and clear communicator, able to probe topics in granular detail and summarise key points for internal stakeholders.
• Track record of initiating, overseeing and delivering projects in the context of regulatory interpretations
• Experience in designing training materials and rolling out major capacity building and technical training programmes across functions, businesses and regions.
• Strong prudential compliance Maintaining a robust control practice and oversee attestation processes for the various control frameworks, e.g. PCF, as required.
• Technology awareness and ability to translate regulatory into business requirements and participate in industry discussions on the digital transformation of regulatory reporting.

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 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
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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.