• Basel IV - Capital Change Lead Jobs in Chennai,India - 23833986

  • Standard Chartered Bank Ltd
  • Save Job
  • 10 - 13 Years
  • Posted : 25 days ago

Job Description:

SCB is embarking on a firm-wide Programme to prepare for the implementation of Basel III Finalization (Basel IV) regulations as these are finalised and come into law though the expected update to the Capital Requirements Directive & Regulations The main objectives of Basel IV reforms are to reduce unwarranted variability in banks calculation of risk-weighted assets (RWA) and improve comparability of Capital Adequacy Ratios The finalized rules will come into effect starting 2022 broadly covering the following components

Standardised approach for Credit Risk

Internal ratings-based approach for Credit Risk



Leverage Ratio


Output floor

Market Risk (FRTB)

Operational Risk Framework

The Basel IV Capital Change Lead (India) will

Manage project managers and business analysts within the India locations (Chennai and Bangalore) delivering Capital changes for the wider Basel IV program

Be the Change lead for Basel IV Capital program while concurrently balancing discretionary business improvement projects

Participate in establishing the delivery roadmap for Basel IV Capital in collaboration with Program team, Business, Finance, Risk, Treasury and T&I partners

Work closely with vendors and IT&I to identify the more sustainable and cost-effective options on solution design and platform choices

Balance the intent to have a strategic approach for Capital initiatives with the need to meet the Basel IV regulatory deadlines and reduce time to market

Manage ~10-15 staff directly and approx 20-30 indirectly through project team structures and using influence

Influence design and execution of the projects where there is no direct control

Impact & influence stakeholders with an aim to identify efficiency & financial opportunities by establishing new processes and delivering new solutions

This role requires strong project management skills, sound understanding of the Systems Development Lifecycle, ability to learn and understand the functional areas and data requirements both inputs and outputs and good interpersonal skills to manage and direct virtual teams across multiple locations

The person needs to leverage creativity to optimize the roadmap with an aim to enable nimble & agile delivery on regulatory compliance


Core Deliverables

Define the implementation roadmap for each project scope, detailed work plan, resource plan

Ensure that comprehensive project documentation is created and maintained and that appropriate governance and oversight is demonstrated during the documentation phase

Determine the resources (time, money, equipment, etc) required to complete the project

Develop a schedule for project completion that effectively allocates the resources to the activities

Establish a communication strategy to update stakeholders including appropriate staff in the organization on the progress of the project

Work with the Basel IV Program team to provide regular status reports on progress against milestones, RAG statuses, Key Issues and RAID Management

Deliver the Basel IV Capital projects (India scope) on time within budget and as per agreed scope

Ensure delivery of the benefits as per the project execution document

Key responsibilities

Ensure resource availability and allocation

Measure project performance using appropriate metrics and techniques

Stakeholders management communication, issue remediation, risk management

Manage respective project teams to deliver as per agreed plan

Overall responsibility for the successful initiation, planning, design, execution, monitoring, controlling and closure of a project

Work closely with upper management to make sure that the scope and direction of each project is on schedule, as well as other departments for support

Coordinating internal resources and third parties/vendors for the flawless execution of projects

Monitor and approve all budgeted project expenditures

Monitor cash flow projections and report actual cash flow and variance to senior management

Resource Management of Project Managers and Business Analysts working on Basel IV Capital projects

Organisational Engagement

Constructively challenge and present viable alternatives to business models, operational processes and the interpretation of relevant rules and regulations whilst continually looking to minimise regulatory risk and the ongoing cost of finance operations

Facilitate the defining and agreeing of solutions to drive effectiveness and efficiency with representatives from key Business and Technology stakeholders

Programme Management

Complete project definition in line with the Banks strategic objectives

Throughout the life of the projects review and prioritise to ensure ongoing alignment

Ensure development of benefits profiles and active management of benefits realisation

Manage the projects in accordance with the Banks Project Management Standards and external best practices

Ensure robust and transparent programmatic controls including resource, financial, schedule and quality management, status reporting and governance including use of automated tooling (Clarity)

Conduct appropriate stakeholder engagement and communications to ensure effective delivery of the programme of work

Ensure interdependencies with other projects and programmes are managed effectively

Process redefinition and improvement as facilitated by the project delivery

Accountable for change delivery of all project activities, directly managing business change teams and overseeing IT delivery


Provide guidance and support to Basel IV India project teams to support both delivery and career development

Provide a clear path for upskilling and training of India Project team resources to build a sustainable and high effective team of Capital Project experts

Establish strong relationships between the Change, BAU and ITO Functions to encourage collaborative and transparent working


1 Basel IV Program Director

2 Basel IV and GCFO PMO resources

3 Basel IV Project Managers (Singapore & London) across Finance/Risk

4 Global Head of Capital Regulatory Reporting

5 Head of GFS Capital BAU Operations

6 Head of Capital Change

7 Other Stream leads in the programme & External Programmes such as CLR / RUBIK

8 Technology


Strong track record of delivering capital and/or regulatory projects with a good financial background (CFA or FRM certifications, though not mandatory will be an advantage)

Good expertise on organisational design and process implementation to support regulatory driven financial reporting

Broad understanding of financial and regulatory Capital reporting applications

Experienced in all stages of the project lifecycle, eg planning, requirements gathering, design documentation, testing and rollout

Over 10 years in Project Management including experience in an Investment Banking environment on large scale change projects

Thorough understanding of Project delivery methodologies Agile, SDLC

Excellent stakeholder management and communication skills covering both senior and operational levels

Experience of programme definition and delivery in an evolving regulatory environment


Basel IV PMC

PSCs/working groups for Basel IV Capital projects


Reports to Head of BSM Change

Direct reports 10-15

Apply now to join the Bank for those with big career ambitions

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry :
  • Risk/Credit/Economic
  • Functional Area : Banks/Insurance/Financial Services
    Role :
  • Salary : As per Industry Standards
    Deadline : 15th Apr 2020

    Key Skills:

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