Associate Director,Regulatory Reporting

The Business

The Role

Join us as an Associate Director, Regulatory Reporting. The RWA & Regulatory CoE is responsible for Risk Weighted Assets (RWA)/Capital reporting and other regulatory reporting analysis for RBS. As specialists in this field the team is in a unique position to bridge both finance and risk disciplines in order to meet reporting obligations and support delivery of business objectives.  RWA’s, in particular, are a key factor in business decision making and profitability, especially in the current economic climate.  This means the role has a high profile and will require day to day dealings with management. The key customers of the team include the businesses, Executives, Chief Accountants Department, Business Partnering and ultimately the PRA.

What the Business Does

This role is based in Gurugram at Regulatory Reporting division reporting to the Head of Regulatory Reporting. As specialists in this field the team is in a unique position to bridge both finance and risk disciplines in order to meet reporting obligations and support delivery of business objectives.  RWAs, mortgage market analysis, impairment analysis, credit risk etc. all play crucial roles in business decision making and profitability, especially in the current economic climate.  This means the role is high profile and will require day to day dealings with management. The key customers of the team include the businesses, Risk, Finance, Chief Accounting Department and ultimately the Regulators.

 Your Responsibilities

As an Associate Director, your responsibilities will require you to:

  • Manage a 8 -10 member team within the RWA CoE, provide guidance and act as a subject matter expert (SME) with regards to Data Remediation, Process Improvements and Change Management within regulatory reporting domain.  
  • Ability to comprehend IT infrastructure and provide recommendations on simplification.
  • Play an active role in BCBS239 compliance and EDH (Enterprise Data)
  • Assess current and future organization structure, fit for purpose.
  • Strategic thinking and Target Operating Model - concept and execution capabilities.
  • Managing relationship with Senior Stakeholders from project teams and business and act as a point of contact for their queries.
  • Lead and support key global change initiatives across Corep and RWA to ensure regulatory requirement changes are met.
  • Ensure that PRA regulatory outputs are produced on an accurate and timely basis in line with SLAs, including calculating and posting of all planned and ad hoc adjustments.
  • Build and perform user acceptance test capability for all the change programs impacting regulatory reporting
  • Monitor and review the release of various projects
  • Provide ad-hoc analysis and challenge status-quo
  • Maintaining an up-to-date process note repository
  • Work closely with colleagues in Risk, Finance and Technology.

 

 Skills you need

In order to be successful in this role, you must have the following skills & experience:

  • CA/MBA with minimum 12 years of experience in financial services and/or in reporting domain.
  • Solutioning, Data Management experience within regulatory reporting domain would be highly desirable.
  • Knowledge on regulatory compliance such as Basel II / III, CRDIII/IV, etc. preferred
  • Knowledge of credit risk and operational risk is a must, market risk preferred
  • Ability to influence and communicate at Executive level
  • Experience of MS Access and MS Excel, Sas knowledge preferred.
  • Change champion/Project Management/Business Analyst skillset preferred
  • Must be a Six-Sigma or Lean Practioner
  • Previous employment with a Financial Institution or Consulting Firm in Regulatory Reporting with experience in regulatory reporting domain
  • Good understanding on derivative products including concepts such EAD’s, Slotting, Credit Risk, NCA’s.
  • Experience working in an organization that handles complex products like derivatives (i.e. complexity of accounting, valuation, reporting, risk assessment etc.)
  • Prior experience of working in a globally distributed team in a leading bank
  • Knowledge on VBA Macros, SQL, MS Access and SAS will have an added advantage

 

 

Why RBS?

RBS doesn’t just provide you with an exciting work and a generous pay package. We take pride in ensuring your personal and professional development are first & foremost. You will have access to a range of development and learning programs, services and support designed to help you manage and balance your work/life priorities.

Whether its retirement planning, supporting a charity close to your heart or taking care of your well-being, RBS makes sure you are taken care of. For more information on our benefits, please visit our website.

At RBS, our purpose is to serve customers well. We serve around 24 million customers across the globe, and our aim is to consistently meet their needs wherever they find us.  Our ambition is to become the UK’s number-one bank for customer trust, service and advocacy by 2020. Our global workforce is integral to helping us achieve this goal.

With colleagues across 5 main states, and connected across-the-globe by common values and a unified ambition, RBS India delivers vital bank functions that help us offer truly round-the-clock support to our UK customers, and 24/7 banking to our international customers.

RBS welcomes applications from all sections of the community.

 

 

 

 

 
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