Regulatory Reporting - Standards and Controls Manager (UAE National)

at  HSBC

Job description

REGULATORY REPORTING - STANDARDS AND CONTROLS MANAGER (UAE NATIONAL) (ID: 0000KXGG)

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If you’re looking for a role where you can continue to make an impression, take the next step at HSBC where your contributions will always be valued.
Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, market and reputation risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.

IN THIS ROLE, YOU WILL:

• Lead the embedding of regulatory reporting process framework in the UAE by:
• Driving Regulatory Reporting strategic deliverables in UAE
• Coordinating and delivery of the end-to-end regulatory reporting process
• Maintaining oversight of the regulatory reporting inventory in the UAE.
• Leading on creating playbooks and overseeing the delivery of multiple material UAE regulatory deliverables (ESR, RBS, EWRA, BRF, etc..) that require bank-wide coordination
• Acting as the single point of contact and SME for specific regulatory reporting requirements, operating as a horizontal layer across all lines of business and bank functions
• Leading transformation and driving effective changes through UAE regulatory reporting and notification process and inventory
• Embedding regulatory reporting related policies, procedures and target operating model in UAE regulatory reports
• Leading on Magnus governance activities in UAE regulatory reports
• Engaging with 2LOD functions to scope and manage new reporting requirements

This includes creating and overseeing an end-to-end reporting process across Lines of Business and functions that is defined, owned, IT enabled and effective. Responsibilities are expected to include:

• Design: Determining and implementing an optimal bank-wide operating model which is scalable, owned, controlled, visible/subject to workflow, and maximises efficiency and effectiveness. This includes engagement with department champions and support functions (HOST etc).
• Developments: Early identification, work with 2LoD Stewards to scope and manage new reporting requirements, including engagement with the CB and industry bodies to influence proposed/future requirements and delivery of ‘dry runs’.
• Production: Co-ordination and delivery of the end-to-end reporting process including submission management, internal escalation, and handling post submission Central Bank queries.
• Assurance: Validation of business as usual report submissions via a combination of data assurance and analytical review techniques. Targeted deep-dive quality assurance reviews, along-side the Controls Office, to drive bank-wide effectiveness and efficiency.
• Other: Management of ad-hoc regulatory reporting requirements; engagement with internal compliance functions (e.g. internal audit, Controls Office etc); maintaining a report inventory; and other ad-hoc tasks required to support the rapidly evolving regualtory reporting landscape.

TO BE SUCCESSFUL IN THE ROLE, YOU SHOULD MEET THE FOLLOWING REQUIREMENTS:

• Resilient and adaptable professional with proven experience working effectively with banking regulators
• Advanced knowledge of regulatory reporting requirements issued by the PRA, DFSA, or other major regulators in the Middle East.
• Demonstrated working ability and knowledge of economic principles, financial markets, financial services, and the analysis and reporting of financial data.
• Strong knowledge of banking and financial reporting systems architecture and key functionalities, and experience of system implementation and process improvement projects in a large financial institutions or multi-national corporations.
• Proven experience in influencing external policy agenda. Extensive knowledge and ability to adopt a constructive and pro-active approach to changing conditions and/or regulations.
• Strong leadership capabilities of navigating, aspiring, driving, mobilising and sustaining, in line with HSBC values of open, connected and dependable.
• Ability to lead transformation and drive effective changes through people in a large matrix organization.
• Ability to form effective relationships and achieve influence at the most senior level in the organisation in a pressurised, deadline-driven and complex environment
• Strong communication (both verbal and written) and interpersonal skills
• Bachelor’s degree is a must to obtain UAE visa
  You’ll achieve more when you join HSBC.
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