Transaction Reporting MiFID II Manager

  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 17 Nov 17 2017-11-17

My client, a leading Investment Bank, is looking to recruit a dynamic individual who will manage the Transaction Reporting MIFID II RTB teams, supporting the reporting for the IB and Wealth businesses, providing oversight on day to day controls and processes.

My client, a leading Investment Bank, is looking to recruit a dynamic individual who will manage the Transaction Reporting MIFID II RTB teams, supporting the reporting for the IB and Wealth businesses, providing oversight on day to day controls and processes.

My client is looking for an established VP, preferably from a control / regulatory control background and a confident team manager to help develop and manage a new team and support the building out of the Operating model for MiFID II.

The main function of the role is day to day management of a newly built out team, the implementation of firm controls and exception management, supported by clear and concise daily metrics. You will be driving process improvements across the team, actively seeking and exploring areas of improvement, either via automation, time saving exercises or enhanced control monitoring processes.

Department:
Trade and Transaction Reporting Operations manage the control functions and perform oversight for Regulatory Reporting submissions globally, with support in London, New York & Mumbai, with Europe covering obligations such as FCA Transaction Reporting, LSE & MIFID Trade Reporting and EMIR Derivative Reporting.

Key Accountabilities:
* Staff administration including performance appraisals, objective setting, individual 1-2-1 and team meetings.
* Primary escalation contact for all reporting issues, ensuring that issue is understood, articulated to the appropriate audience and monitored until resolution.
* Monitoring and management of TTRO RTB processes and controls. Exception resolution with the T+1 deadline for FCA Transaction reporting. Intra-Day exception monitoring and management for Wealth Trade reporting within reporting deadlines reconciliation and MI.
* Regulatory issues to be understood and articulated clearly to senior management and Compliance. Issues to be managed to closure - either by IT fix, enhanced control or process improvement.
* Accurate completion of daily control metrics to be collated and managed, with clear understanding of spikes, issues and risks, presenting findings and responding to audience questions in a timely manner.
* Root cause analysis and resolution to be driven by the candidate, supported by project plans and tracking methods.
* Good understanding of the systems, processes and controls.

Candidate Profile:
* Clear communication of detail in a structured, methodical format. Able to understand what is being asked and provide a qualitative, full and measured response appropriate to the audience. As a regulatory function the candidate will regularly need to engage with senior stakeholders as their main point of contact.
* Well organised and structured approach to working.
* Required to go beyond the standard BAU, identify and take ownership of additional value-add tasks i.e. process improvement, control tightening, automation etc, quantified by time/headcount saved, cost/loss reduction etc across all reporting disciplines.
* Regulatory understanding highly desirable as well as an ability to appreciate the wider impact of issues as they arise and take appropriate action. Must be highly risk aware.
* Able to forge relationships. Actively seeks to make new and useful contacts to aid getting things done and improved. Identifies issues based on insufficient learning/understanding/communication with wider teams/stakeholders etc and follows it up to resolution.