Director, MiFID post-trade reporting, CFCC Advisory, Operations Director, MiFID post-trade reporting, CFCC  …

Standard Chartered Bank
in London, England, United Kingdom
Permanent, Full time
Last application, 22 Aug 19
Competitive
Standard Chartered Bank
in London, England, United Kingdom
Permanent, Full time
Last application, 22 Aug 19
Competitive
Standard Chartered Bank
Director, MiFID post-trade reporting, CFCC Advisory, Operations
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.


Role Overview

The Conduct, Financial Crime and Compliance (CFCC) Operations team ensure that the SCB group is in adherence with the MiFID post-trade reporting obligations. Ostensibly the focus is on post-trade transparency (RTS 2), transaction reporting (RTS 22) and instrument reference data (RTS 23) reporting. In practice this role extends to the obligations under Portfolio Compression (RTS 31), Commodities Position (RTS 58) and Best Execution (RTS 27, 28) reporting. There is a current requirement for a MiFID subject matter expert, based in London, to join this second line Compliance advisory team.

The Role Responsibilities
The role will report to the Head of the team, also based in London. The team provides global coverage with individuals located in UK and Singapore to support the business. The successful candidate will be required to undertake the following key roles and responsibilities:
  • Conduct regulatory analysis, impact assessment and implementation of any changes to MiFID post trade reporting regimes e.g. ESMA Q&A, FCA MarketWatch.
  • Conduct regulatory analysis, impact assessment and implementation of any changes to MiFID post trade reporting regimes e.g. ESMA Q&A, FCA MarketWatch.
  • Ensure, from a second line perspective, that there are appropriate operational controls and assist the first line process owner with the development of any additional controls for identified gaps.
  • Understand the technical aspects of all systems related to the reporting including accompanying operational process and controls, then assist in the alignment to industry best practice and the closure of any compliance gaps or breaches.
  • Provide Compliance advice to the Regulatory Operations and Regulatory Technology reporting teams, assist with their queries and help resolve reporting issues.
  • Represent CFCC Operations on relevant internal and external industry working groups and provide thought leadership in the development of transaction reporting regulations globally.
  • Liaise with senior stakeholders on issues identified with MiFID post trade reporting e.g. errors and omissions, or systemic and thematic interruptions.

Display exemplary conduct, integrity, ethics, independence, resilience and live by the Group's Values and Code of Conduct. Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.

Our Ideal Candidate
We are looking for someone who has the following skills and experience:

  • Good knowledge of MiFID, and possibly EMIR or SFTR, reporting and other global trade and transaction reporting rules and regulations. Familiarity with emerging reporting themes e.g. data harmonisation, adoption of standards, FCA and ESMA Brexit planning, supervisory reporting consultations and the current areas of regulatory scrutiny.
  • Ability to understand and the ability to interpret technical regulatory requirements as well as the tenacity to build a detailed understanding of technology systems and architecture.

  • Ability to consider matters from an end-to-end perspective, including looking at reporting related matters from the initial policy statements, more detailed procedural aspects, training requirements, assurance testing and monitoring.

  • Good educational background with advanced written English skills, task management and organisational skills.

  • Excel, Word, and PowerPoint skills are required.
  • Able to handle sensitive matters at all levels of the organisation with discretion and confidentiality.
  • Strong interpersonal and communication skills and multi- cultural awareness and sensitivity.
  • Ability to operate within a geographically dispersed and highly varied stakeholder base.

  • Ability to collaborate and work dynamically across country, region, business and group stakeholders.
  • Identification of potential regulatory risks facing the business (either conduct or regulatory related), beyond the most obvious risks.

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