Director, IRRBB Reporting, Hong Kong Hub

Director, IRRBB Reporting, Hong Kong Hub

Standard Chartered
Not Specified
Not Specified

Job Description

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 withminimum 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.

The Role Responsibilities

The Financial Regulatory Reporting team is responsible for the production, control and delivery of the Group&rsquos key prudential supervisory reporting and disclosure for Capital, Liquidity, Interest Rate Risk in the Banking Book (&lsquoIRRBB), Large Exposures and Leverage, including: COREP (Own Funds, LCR, LE, NSFR, Leverage), Pillar 3 and PRA 110. The FRR team is onshore in London and supported by teams in India, Poland and Singapore. The team also plays a key support and liaison role for country reg teams, global functions (such as Risk, Compliance and Treasury), Investor Relations and is a key contact for the Bank of England and other regulators. The team also acts as a centre of subject matter expertise in solvency and liquidity regulations for the business, change functions and Financial Planning and Analytics, advising senior management and supporting external stakeholders.
The FRR business as usual reporting activities are split between Group Liquidity Regulatory Reporting (GLRR, including IRRBB) and Group Capital Regulatory Reporting (GCRR). Working across Capital and Liquidity, there is the Business Support team and the Regulatory Production Strategy and Policy team.
The role of Director, IRRBB Reportingis directly reported to the lead based in London (with counterpart hired for MAS and local reporting in Singapore) and is supported by the offshore team in India in the delivery of functional objectives.
Key responsibilities include:
Leading the IRRBB reporting process both onshore and offshore, as a HK local reporting specialist:

  • Designing and implementing the BAU IRRBB internal and regulatory (PRA and / or HKMA) reporting processes and controls

  • Partnering with the Treasury IRRBB team to design and produce:

    • Insightful committee MI, including commentary on drivers of risk

    • Ad-hoc analyses to support hedge strategy proposals

  • Support the management of the IRRBB reporting relationship with the HKMA and internal stakeholders

  • Regulatory production strategy, policy deep dives, and remediation work

  • Business support initiatives and new product approvals

  • Ad hoc queries from internal and external stakeholders, including regulatory queries

  • Recruitment and development of the offshore team in India


  • Develop and drive the strategy for the team that fits in with the overall regulatory landscape and internal reporting requirements for IRRBB. Initially this will be focused on the regulatory reporting requirements in the UK and the Group&rsquos internal reporting framework, and over time will form part of a network with counterparts in HK and Singapore to support regulatory and internal reporting requirements for regional and country teams globally.

  • Key objectives of the strategy are to implement robust reporting processes and controls to be performed by the offshore team, supported by enhancements to subject matter expertise and knowledge capabilities. This should leverage the investment in the new reporting platform and use this and other data and technology solutions to drive efficiencies and improve outcomes for regulatory and internal reporting, in terms of accuracy, timeliness and insight.


  • In depth understanding of the Group&rsquos businesses and products and how they impact regulatory metrics, reporting and associated controls.

  • Expertise in relation to the regulatory IRRBB calculations, including current and future rules and regulations and how they apply to SCB.

  • Expertise in systems and processes used to generate regulatory and internal metrics, particularly with experience in change projects focused process enhancements.


  • Responsible for the strategy, execution and delivery of assurance with regards to data sourcing, calculations and reporting of regulatory and internal metrics that are generated within the Global Financial Regulatory Reporting team. This includes prioritisation and delegation of activities to team members and liaising with stakeholders in COE, Global Risk functions, ITO and other teams as required, alongside the performance of assurance activities.

  • Responsible for providing business advisory for new and existing products.

Risk Management

  • Influence change in relation to the control strategy for the production of regulatory and internal metrics in Financial Regulatory Reporting.

  • Identify control gaps in the end-to-end regulatory and internal reporting process within Finance.

  • Assist in designing or amending suitable controls across the suite of regulatory and internal metrics reported by Financial Regulatory Reporting.


  • Assist team head in the design of governance around new product approval within financial regulatory reporting, utilising the data quality and operational risk forums where needed, monitoring, implementation and review of controls and issues that arise from the review activities.

Regulatory & Business Conduct

  • Display exemplary conduct and live by the Group&rsquos 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.

  • Lead the New Product Approval team to achieve the outcomes set out in the Bank&rsquos Conduct Principles: Fair Outcomes for Clients Effective Financial Markets Financial Crime ComplianceThe Right Environment.

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

Key Stakeholders

  • Liaise with senior stakeholders in, SCB Businesses, Regulatory Policy, COE, Treasury, Group Financial Reporting, Group Risk Functions, Country functions, Finance Change.

Other Responsibilities

  • Act as delegate for the Global Head, Financial Regulatory Reporting.

Our Ideal Candidate

  • Qualified accountant, CFA, FRM holders

  • 5+ years regulatory reporting, regulatory policy and/or new product approval or business management experience in major HK banks.

  • External and internal reporting (development of innovative solutions to complex problems, management of multiple complex deliverables, identification of priorities)

  • Risk & controls (drive functional change across internal and regulatory reporting policy and processes)

  • Regulatory & compliance (understanding of UK, Basel, and international regulatory rules for IRRBB (especially deep understanding of HKMA) and associated regulatory/reporting frameworks

  • IRRBB technical expertise (expert on IRRBB fundamentals and applicability to entire suite of banking book products)

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