1. Regulatory Expertise:
• Maintain a comprehensive understanding of regulatory guidelines, reporting requirements, and industry standards relevant to the bank's operations.
• Interpret complex regulations and ensure the team's activities align with the latest regulatory updates.
• Oversee the preparation and submission of regulatory reports, ensuring accuracy, completeness, and timeliness.
2. Team Leadership:
• Manage and lead the regulatory reporting team, providing guidance, mentorship, and support to the team members and team projects.
• Assign responsibilities, set priorities, and monitor progress to ensure efficient task execution.
• Foster a collaborative and productive team environment that encourages open communication and knowledge sharing.
3. Strategic Initiatives:
• Assist the Head of Regulatory Reporting in developing and executing the team’s strategic objectives.
• Identify and implement opportunities for process optimization and automation to enhance reporting efficiency.
4. Stakeholder Management:
• Collaborate closely with internal departments such as Risk Management, Compliance, Legal, and Treasury to gather accurate data and ensure consistency in reporting processes.
• Maintain strong relationships with key stakeholders to facilitate seamless information flow and issue resolution.
5. Reporting Process Management:
• Ensure accurate and timely completion of regulatory reports, meeting deadlines and compliance standards.
• Prepare report assigned and ensure timely submission
6. Data Integrity and Validation:
• Implement robust controls to ensure the accuracy, integrity, and completeness of data used in regulatory reports.
• Conduct thorough data reconciliations and validations to address discrepancies before report submissions.
7. Process Improvement:
• Identify opportunities for process optimization and automation to enhance the efficiency and accuracy of reporting activities.
• Implement best practices to streamline reporting procedures and reduce manual intervention.
8. Risk Management and Controls:
• Develop and maintain internal controls and governance frameworks to ensure compliance with regulatory reporting standards.
• Monitor and mitigate risks associated with regulatory reporting.
9. Change Management:
• Develop and execute change management plans, including stakeholder communication, training, and support strategies.
10. Issue Management:
• Identify, track, and resolve issues related to regulatory reporting in a timely and effective manner.
• Develop and maintain an issue management framework, including escalation processes and resolution tracking.
11. Project Management:
• Manage regulatory reporting projects, ensuring alignment with strategic goals and regulatory requirements.
• Execute project plans, set timelines, allocate resources, and monitor progress to ensure successful project delivery.
• Coordinate cross-functional teams and manage dependencies to ensure project milestones are met.
12. Professional Development:
• Stay informed about industry developments, regulatory changes, and best practices in regulatory reporting.
• Provide ongoing training and development opportunities for team members to enhance their skills and knowledge.
13. Quality Assurance:
• Conduct internal reviews and quality checks on regulatory reports to ensure adherence to regulatory standards.
• Maintain comprehensive documentation of reporting processes, data sources, calculations, and validations.
14. Alternate to Regulatory Head:
• Serve as the alternate to the Head of Regulatory Reporting, stepping in to manage the team and ensure continuity during their absence.
• Make strategic decisions and represent the regulatory reporting team in senior management meetings when need arises.
