FINANCIAL SERVICES RECRUITMENT

LONDON | NEW YORK

JOB SUMMARY

Trade & Transaction Reporting Governance

My client is a city based investment bank, looking for a dynamic Individual to join their Trade and Transaction Reporting business and governance team. The individual will be responsible for supporting the day to day operation of the T&TR Governance framework. The framework consists of a network of interconnected forums and meetings that track T&TR daily performance, identified and emerging risks, incidents, technological and regulatory change, Assurance Testing, vendor management etc. You will be responsible for collating all updates for the content required by the weekly T&TR Control Meeting and preparing each new pack accordingly.

JOB TEXT

Trade & Transaction Reporting Governance

My client is a city based investment bank, looking for a dynamic Individual to join their Trade and Transaction Reporting business and governance team. The individual will be responsible for supporting the day to day operation of the T&TR Governance framework.
The framework consists of a network of interconnected forums and meetings that track T&TR daily performance, identified and emerging risks, incidents, technological and regulatory change, Assurance Testing, vendor management etc.
You will be responsible for collating all updates for the content required by the weekly T&TR Control Meeting and preparing each new pack accordingly.

RESPONSIBILITIES
* Chair the weekly Control Meeting and walk the Director of T&TR through all material changes, ensuring that key risks are escalated upwards (including to other governance committees), where necessary.
* Noting, formalising and distributing the Minutes and Actions of each Control Meeting
* Continuous review of the T&TR governance framework, identifying and highlighting inefficiencies and proposing workable alternatives
* The individual will be responsible for collating all updates for the Risk Strategy Forum (RSF), ensuring that all new / amended / decommissioned Risk and Control Assessments ('RACAs') are approved in a timely manner. The individual will work with the risk manager to ensure that these are understood and thus reflected at source.
* Furthermore, the individual will ensure that all manual workarounds carried out by the BAU teams (defects) are logged. This also requires the individual to track such defects until closure, ensuring that a fix is in place to close each of them out.
* The individual will be responsible for ensuring the control framework's global application, regularly liaising with the global T&TR teams to put processes in place where gaps have been identified. (i.e. supervisory attestations, checklists, etc.)
* It will be the individual's responsibility to ensure that any new jurisdictions also follow the existing governance framework, validating that the same processes are being adopted across teams (e.g. MiFID 2)
* It is the individual's responsibility to work with the T&TR managers to understand new / existing risks and their impact on regulatory reporting. The individual will document such risks and explain them on the weekly control meeting.
* It is the individual's responsibility to ensure daily processes are appropriate to reduce operational risks.

SKILLS AND EXPERIENCE

* A reasonable understanding of the current regulatory reporting requirements. Ideally this includes more than one global regulator (CFTC / JFSA / EMIR / Canada / FCA (MiFID II)) and potential future regulations that will impact the business we support.
* An excellent understanding of regulatory reporting risk, control and governance, ideally earned in a risk and control, audit or regulatory reporting oversight team role.
* A good understanding of front to back processing key elements, as well as other infrastructure groups i.e. Finance, Market risk, Credit risk, Operational risk, Legal, Tax and Compliance.
* Experienced in collating governance data, chasing up on updates and preparing meeting documentation and confidence in presenting their views and information to senior stakeholders.

* Strong presentation skills, proficient in Excel, PowerPoint

Desirable skills

* Self-starter with an excellent ability to communicate effectively, to build rapport with their T&TR managers, stakeholders and business partners at all management levels, employing a variety of collaborative techniques
* To be aware of, and actively embody, the importance of escalation to management and key stakeholders for issues, alerts, incidents or risks notified to you
* Actively look for opportunities to design framework improvements; consult, collaborate and implement with the wider organisation.
* Demonstrate ability to ask probing questions in order to gather relevant information to resolve issues / ensure robust controls are maintained.
* Have the ability to think tactically and strategically in regards to regulatory reporting.
* Be prepared to listen to the thoughts of others, but where appropriate, defend a view of a situation and use clear communication

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  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 2018-06-18
London, England, United Kingdom London England GB