Job Description
The Role Responsibilities
SCB is embarking on a firm-wide Programme to prepare for the implementation of Basel IV Finalization (Basel IV) regulations as these are finalised and come into law though the expected update to the Capital Requirements Directive and Regulations.
The main objectives of Basel IV reforms are to reduce unwarranted variability in bank s calculation of risk-weighted assets (RWA) and improve comparability of Capital Adequacy Ratios. The finalized rules will come into effect starting 2026 broadly covering the following components
• Internal ratings-based approach for Credit Risk
• Standardised approach for Credit Risk
• Operational Risk Framework
• Market Risk (FRTB)
• Leverage Ratio
• Securitisation
• Output floor
• SA- CCR
• CVA
The Basel IV Capital Change Lead (India) will
• Participate in establishing the delivery roadmap for IRB Models and Basel IV Capital in collaboration with Program team, Business, Finance, Risk, Treasury and T&I partners.
• Balance the intent to have a strategic approach for Capital initiatives with the need to meet the IRB Models and Basel IV regulatory deadlines and reduce time to market.
• Manage project managers and business analysts within the India locations (Chennai and Bangalore) delivering Capital changes for the wider Basel IV program.
• Impact and influence stakeholders with an aim to identify efficiency and financial opportunities by establishing new processes and delivering new solutions.
• Be the Change lead for IRB Models / Basel IV Capital program while concurrently balancing discretionary business improvement projects.
• Work closely with vendors and IT&I to identify the more sustainable and cost-effective options on solution design and platform choices.
• 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.
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 and agile delivery on regulatory compliance.
Core Deliverables
• Work with the Risk Team on Models and Basel IV Program team to provide regular status reports on progress against milestones, RAG statuses, Key Issues and RAID Management.
• Ensure that comprehensive project documentation is created and maintained and that appropriate governance and oversight is demonstrated during the documentation phase.
• Establish a communication strategy to update stakeholders including appropriate staff in the organization on the progress of the project.
• Deliver the IRB Model and Basel IV Capital projects (India scope) on time within budget and as per agreed scope.
• Develop a schedule for project completion that effectively allocates the resources to the activities.
• Define the implementation roadmap for each project - scope, detailed work plan, resource plan.
• Determine the resources (time, money, equipment, etc) required to complete the project.
• Ensure delivery of the benefits as per the project execution document.
Key Responsibilities
• 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.
• Overall responsibility for the successful initiation, planning, design, execution, monitoring, controlling and closure of a project.
• Resource Management of Project Managers and Business Analysts working on Basel IV Capital projects.
• Coordinating internal resources and third parties / vendors for the flawless execution of projects.
• Monitor cash flow projections and report actual cash flow and variance to senior management.
• Stakeholders management - communication, issue remediation, risk management.
• Measure project performance using appropriate metrics and techniques.
• Manage respective project teams to deliver as per agreed plan.
• Monitor and approve all budgeted project expenditures.
• Ensure resource availability and allocation.
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
• Ensure robust and transparent programmatic controls including resource, financial, schedule and quality management, status reporting and governance - including use of automated tooling (Clarity).
• Accountable for change delivery of all project activities, directly managing business change teams and overseeing IT delivery.
• Conduct appropriate stakeholder engagement and communications to ensure effective delivery of the programme of work.
• Manage the projects in accordance with the Bank s Project Management Standards and external best practices.
• Ensure interdependencies with other projects and programmes are managed effectively.
• Ensure development of benefits profiles and active management of benefits realisation.
• Throughout the life of the projects review and prioritise to ensure ongoing alignment.
• Process redefinition and improvement as facilitated by the project delivery.
• Complete project definition in line with the Bank s strategic objectives.
People
• 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.
• Provide guidance and support to Basel IV India project teams to support both delivery and career development.
Key Stakeholders
• Basel IV Project Managers (Singapore and London) across Finance / Risk
• Other Stream leads in the programme and External Programme
• Global Head of Capital Regulatory Reporting
• Risk Modelling Teams CCIB and CBPP
• Head of GFS Capital BAU Operations
• Basel IV and GCFO PMO resources
• Basel IV Program Director
• Head of Capital Change
• Technology
Our Ideal Candidate
• MBA from a premier institute is preferred
• 15 years of experience of leading Finance Technology and / or Change functions comprising of 50+ team size. 10 years of experience managing large ERP projects with multiple interfaces involved and / or two large-scale full life cycle implementations.
• Strong programme management skills with emphasis on building effective teams, experience with Agile deliveries preferred.
• Proven experience working across multiple geographies in rapidly changing environment.
• Proven experience in people, risk and change management.
• Strong track record of delivering major data programs.
• Should have worked in Agile delivery ecosystem.
• Business and technical data leadership.
SCB is embarking on a firm-wide Programme to prepare for the implementation of Basel IV Finalization (Basel IV) regulations as these are finalised and come into law though the expected update to the Capital Requirements Directive and Regulations.
The main objectives of Basel IV reforms are to reduce unwarranted variability in bank s calculation of risk-weighted assets (RWA) and improve comparability of Capital Adequacy Ratios. The finalized rules will come into effect starting 2026 broadly covering the following components
• Internal ratings-based approach for Credit Risk
• Standardised approach for Credit Risk
• Operational Risk Framework
• Market Risk (FRTB)
• Leverage Ratio
• Securitisation
• Output floor
• SA- CCR
• CVA
The Basel IV Capital Change Lead (India) will
• Participate in establishing the delivery roadmap for IRB Models and Basel IV Capital in collaboration with Program team, Business, Finance, Risk, Treasury and T&I partners.
• Balance the intent to have a strategic approach for Capital initiatives with the need to meet the IRB Models and Basel IV regulatory deadlines and reduce time to market.
• Manage project managers and business analysts within the India locations (Chennai and Bangalore) delivering Capital changes for the wider Basel IV program.
• Impact and influence stakeholders with an aim to identify efficiency and financial opportunities by establishing new processes and delivering new solutions.
• Be the Change lead for IRB Models / Basel IV Capital program while concurrently balancing discretionary business improvement projects.
• Work closely with vendors and IT&I to identify the more sustainable and cost-effective options on solution design and platform choices.
• 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.
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 and agile delivery on regulatory compliance.
Core Deliverables
• Work with the Risk Team on Models and Basel IV Program team to provide regular status reports on progress against milestones, RAG statuses, Key Issues and RAID Management.
• Ensure that comprehensive project documentation is created and maintained and that appropriate governance and oversight is demonstrated during the documentation phase.
• Establish a communication strategy to update stakeholders including appropriate staff in the organization on the progress of the project.
• Deliver the IRB Model and Basel IV Capital projects (India scope) on time within budget and as per agreed scope.
• Develop a schedule for project completion that effectively allocates the resources to the activities.
• Define the implementation roadmap for each project - scope, detailed work plan, resource plan.
• Determine the resources (time, money, equipment, etc) required to complete the project.
• Ensure delivery of the benefits as per the project execution document.
Key Responsibilities
• 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.
• Overall responsibility for the successful initiation, planning, design, execution, monitoring, controlling and closure of a project.
• Resource Management of Project Managers and Business Analysts working on Basel IV Capital projects.
• Coordinating internal resources and third parties / vendors for the flawless execution of projects.
• Monitor cash flow projections and report actual cash flow and variance to senior management.
• Stakeholders management - communication, issue remediation, risk management.
• Measure project performance using appropriate metrics and techniques.
• Manage respective project teams to deliver as per agreed plan.
• Monitor and approve all budgeted project expenditures.
• Ensure resource availability and allocation.
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
• Ensure robust and transparent programmatic controls including resource, financial, schedule and quality management, status reporting and governance - including use of automated tooling (Clarity).
• Accountable for change delivery of all project activities, directly managing business change teams and overseeing IT delivery.
• Conduct appropriate stakeholder engagement and communications to ensure effective delivery of the programme of work.
• Manage the projects in accordance with the Bank s Project Management Standards and external best practices.
• Ensure interdependencies with other projects and programmes are managed effectively.
• Ensure development of benefits profiles and active management of benefits realisation.
• Throughout the life of the projects review and prioritise to ensure ongoing alignment.
• Process redefinition and improvement as facilitated by the project delivery.
• Complete project definition in line with the Bank s strategic objectives.
People
• 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.
• Provide guidance and support to Basel IV India project teams to support both delivery and career development.
Key Stakeholders
• Basel IV Project Managers (Singapore and London) across Finance / Risk
• Other Stream leads in the programme and External Programme
• Global Head of Capital Regulatory Reporting
• Risk Modelling Teams CCIB and CBPP
• Head of GFS Capital BAU Operations
• Basel IV and GCFO PMO resources
• Basel IV Program Director
• Head of Capital Change
• Technology
Our Ideal Candidate
• MBA from a premier institute is preferred
• 15 years of experience of leading Finance Technology and / or Change functions comprising of 50+ team size. 10 years of experience managing large ERP projects with multiple interfaces involved and / or two large-scale full life cycle implementations.
• Strong programme management skills with emphasis on building effective teams, experience with Agile deliveries preferred.
• Proven experience working across multiple geographies in rapidly changing environment.
• Proven experience in people, risk and change management.
• Strong track record of delivering major data programs.
• Should have worked in Agile delivery ecosystem.
• Business and technical data leadership.
💡 Quick Summary
Seeking a career-building opportunity? The Vice president| Capital Change position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.