Details of the Division and Team:

Regulatory Reporting:

The Regulatory Reporting Specialist will be responsible for analyzing the reporting requirement, ensure design effectiveness, operational effectiveness of accurate preparation, review, and timely submission of all regulatory reports required by the Central Bank of Sri Lanka (CBSL). The role includes ensuring compliance with regulatory guidelines, maintaining high standards of accuracy, identifying process improvements, and implementing best practices in regulatory reporting. The ideal candidate will possess a strong understanding of banking operations, regulatory framework, and a commitment to continuous improvement.

In addition to the regulatory reporting related tasks, the position holder is expected to assist on processing of payments including Real Time Gross Settlements (RTGS), Common EFT (CEFTS), Sri Lanka Inter-Bank Payments (SLIPS), both local and cross-border Telegraphic Transfers, cheque clearing, and local and foreign currency cash in accordance with the established Service Level Agreement (SLAs). In addition, the role requires to ensure that procedures are properly executed to minimize processing risk and identify potential areas for process improvement, both within the Bank and for our clients. The job holder must ensure strict compliance with regulations on the related regulatory directions / gazettes on processing of payments.

This position holder reports to Head - Cash Operations, Sri Lanka.

What we will offer you:

A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

• Provident Fund: the Bank will contribute 25% towards the EPF. These rates are subject to change in accordance with the amendments made to the EPF Trust duly approved by the statutory authority.

• Employees Trust Fund: the Bank will contribute 3% of the basic salary towards the Employees Trust Fund (E.T.F.). This rate is subject to change in accordance with the statutory limits as declared by the Government of Sri Lanka.

• Gratuity : You will be entitled to Gratuity, on resignation/separation/retirement from Bank (after completion of 5 years continued service).

• Medical Insurance: All employees and dependents (spouse and children) are covered under a Medical Insurance Policy.

• Group Term Life Insurance: All employees are covered under a Life Assurance Policy.

• Group Personal Accident Insurance: All employees are covered under a Personal Accident Insurance Policy.

Your key responsibilities:

• Prepare and review regulatory reports as required by the CBSL, including but not limited weekly, monthly, and quarterly submissions, and ensure accuracy, consistence, and compliance with CBSL guidelines and applicable regulations.

• Monitor changes in CBSL reporting requirements and implement necessary updates to reporting processes.

• Conduct data validation and reconciliation to ensure accuracy.

• Collaborate with internal teams to address discrepancies or reporting issues promptly.

• Manage timelines and ensure all regulatory reports are submitted within the deadlines prescribed by CBSL.

• Maintain and organized schedule of recurring submissions and ad-hoc reporting requirements.

• Identify inefficiencies and gaps in existing reporting processes and suggest improvements.

• Implement automation and digital tools to enhance accuracy and efficiency in reporting.

• Coordinate with internal and external auditors for compliance audits related to regulatory reporting.

• Provide training and guidance to staff on regulatory reporting requirements and best practices.

• This role will be responsible for completing day-to-day activities as per standards and laid-down procedures and ensuring accurate and timely delivery of assigned duties.

• With reference to the processing of transactions, client instructions and advising the clients on queries raised by clients.

• Conducting regulatory screening for payment instructions.

• Understands and effectively manages risks through timely and accurate escalation and resolution of key issues.

• Responsible for responding to ad-hoc issues or client queries on a timely basis, ensuring all communications have been responded to before end of day.

Your skills and experience:

• Bachelor’s Degree and/or full/part Professional Qualification such as Banking.

• Minimum of 10 years of relevant practical experience, product and system knowledge in an operational area covering payments & settlements.

• Strong knowledge of CBSL regulatory frameworks, reporting requirements, banking operations, and reporting requirements; minimum of 3 years of relevant experience will be added advantage

• Proactive in identifying process inefficiencies and implementing improvements.

• Ability to work independently and handle multiple reporting requirements simultaneously.

• Strong communication and interpersonal skills to collaborate with internal and external stakeholders.

How we’ll support you:

• Flexible working to assist you balance your personal priorities

• Coaching and support from experts in your team

• A culture of continuous learning to aid progression

• A range of flexible benefits that you can tailor to suit your needs

• Training and development to help you excel in your career

About us and our teams:

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Deutsche Bank & Diversity

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