Job Description

Role Responsibilities
Job Summary
Define key responsibilities to reflect the duties and responsibilities of this role.
The role is responsible for the enabling the delivery end-to-end regulatory cost processes including appropriate analysis on the key outcomes.
The role will interface extensively with senior management in Group FP&A, Finance management at Group level, with Country, Segment, Function, and Regional CFOs,
Regulatory cost reporting process
Assist in developing and maintaining the strategy for Group FP&A\'s Regulatory Cost Reporting including but not limited to Stress Testing, Recovery and Resolution Planning and OCIR.
\xc2\xb7 Ensure that all cost inputs to regulatory processes meet new and existing regulatory requirements
\xc2\xb7 Ensure outcomes from regulatory reporting are appropriately considered
\xc2\xb7 Maintaining knowledge and insight into management of similar processes in comparable institutions,
\xc2\xb7 Building a clear perspective on how advances in technology will affect or enable the delivery of the process (for example, how robotics and AI will work within the process, and the implications for people, data and systems)
\xc2\xb7 Specifying the future technology and data roadmap for the process

Recovery and Resolution Planning (RRP)
\xc2\xb7 Take a leadership role in the development of new Recovery & Resolution cost-related processes including systems automation and digitisation
\xc2\xb7 Develop and run models reflecting the impact of stresses and management actions on costs
\xc2\xb7 Create transparency and relevant analyses around the outcome of the exercises
\xc2\xb7 Ownership of the RRP Cost Calculator and integration of RRP Cost Modelling process into BAU processes of the bank
\xc2\xb7 Take lead role as Product Owner for the development of the RRP Cost Digitization strategic project, working closely with the design team in the design, build and testing of the RRP Cost model strategic solution
\xc2\xb7 Integration with the Valuation in Resolution (ViR) team to provide timely projected cost in resolution numbers for testing and regulatory resolution scenarios
\xc2\xb7 Regular liaison with business and functional SMEs for continuous improvement, refinement and enhancement of the inputs and assumptions for the RRP Cost Calculator
\xc2\xb7 Provide cost specific inputs for regulatory reports including but not limited to Group Resolvability Assessment Report, PBC report and presentation decks for regulatory meetings

Stress testing
\xc2\xb7 Take the lead in developing cost forecasts and assumption for stress tests
\xc2\xb7 Work closely with the Stress testing team to ensure outcomes are reasonable and credible
\xc2\xb7 Develop and run models reflecting the impact of stresses and management actions on costs
\xc2\xb7 Create transparency and relevant analyses around the outcome of the exercises
\xc2\xb7 Optimise processes to remove duplication and create synergies with Stress Testing team

OCIR Critical Cost
\xc2\xb7 Ownership of reporting on Critical cost for OCIR
\xc2\xb7 Take lead role in the development of the critical cost inputs for the RRP Cost Digitization strategic project, working closely with the design team in the design, build and testing of the RRP Cost model strategic solution
\xc2\xb7 Regular liaison with business and functional SMEs for continuous improvement, refinement and enhancement of the inputs

Management Actions
\xc2\xb7 Establish a robust and integrate process to obtain an inventory of management actions that can be used across multiple group stress tests
\xc2\xb7 Ensure the actions are feasible and are credible
\xc2\xb7 Coordinate with the respective Treasury partners and input into relevant Stress Test

Responsibilities
Strategy
\xc2\xb7 Assist in developing and maintaining the strategy for Group FP&A\'s Regulatory Cost Reporting
\xc2\xb7 Awareness and understanding of the wider Group Strategy
Business
\xc2\xb7 Ensure that we optimise outcomes relating to cost regulatory processes including but not limited to working closely with the Stress Testing team on the cost modelling and outcomes, and management actions for group stress tests, as well as ensuring that the outcomes for the OCIR calculations are reasonable and appropriate given the regulatory requirements
\xc2\xb7 Lead on the development of the cost forecasting capability for resolution planning and stress testing
\xc2\xb7 Provide transparency, insight and understanding of the outcomes of key regulatory cost reports
\xc2\xb7 Be a proactive and insightful partner/advisor for the CFO community and the Treasury and business teams in delivering our regulatory cost reporting obligations whilst understanding and effectively managing the commercial implications.
\xc2\xb7 Developing, monitoring, continually reviewing and ensuring adherence to the Service and Operating Level Agreements (SLAs) and KPIs to maintain a high quality, standardized and optimized process

Processes
Specific process responsibilities include:
\xc2\xb7 Ensure the optimal delivery of all Group FP&A Regulatory Cost Reporting processes, including but not limited to: OCIR, Cost modelling for ViR, Oversight of Cost Management Actions for RRP and Review of cost outcomes for all stress testing

People & Talent
\xc2\xb7 Assist and develop junior members of the team

Risk Management
\xc2\xb7 Ensure all Regulatory Cost Reporting processes meet regulatory obligations and expectations
Governance
\xc2\xb7 Ensure Regulatory cost reporting processes have appropriate controls and governance in place
Regulatory & Business Conduct
\xc2\xb7 Display exemplary conduct and live by the Group\'s Values and Code of Conduct .
\xc2\xb7 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.
\xc2\xb7 Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
Head of Group FP&A

• Head of ST Analytics
• GPO P2P
• GPO ST
• Head Group Resilience
• Head OCIR
• Business and functional CFOs
• Stress Testing Team
• RRP Team
• Head E2E Cost Management

Our Ideal candidate

• 15+ years of experience in Finance, Financial Accounting and controlling.
• Experience and understanding of the regulatory reporting framework for UK regulated banks (PRA/BoE).

Role Specific Technical Competencies

• Understanding of Financial Accounting and Reporting
• Understanding of Regulatory Framework (PRA/BoE)
• Cost Management and Reporting experience
• Understanding of Recovery and Resolution Planning for UK regulated banks
• Excel & Powerpoint

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 with 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.
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.

Visit our careers website www.sc.com/careers

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