Regulatory Reporting Middle Office Control Analyst Fixed Income AVP
New York, NY
This role requires an energetic individual who will liaise with various groups supporting our regional businesses to analyze our regulatory reporting and monitoring control infrastructure. The role will focus on performing daily risk management and exception functions to ensure the integrity of the firm's derivatives reporting obligations. This is accomplished by partnering with the derivatives business, operations, compliance, legal, and technology on all relevant production responsibilities.
Primary Responsibilities/Essential Functions:
The ideal candidate will have an understanding of the operational environment in a bank or broker dealer supporting various product lines such as fixed income, derivative, equity, futures and money markets.
Experience with testing of controls, such as past audit experience, is a plus. In addition, an ability to fully utilize Excel, Power Point, and database applications as well as having very strong writing skills are key requirements for this role.
" Help create strong control environment where regulatory issues are identified quickly
" Accountable for overseeing and monitoring correct reporting for multiple asset classes
" Manage and develop robust testing environment to evidence complete and accurate reporting.
" Provide informed skill set to deliver change initiatives directly relating to changes in reporting requirements. E.G. SEC, CFTC rewrite & CSA
" Provide control metrics to stakeholders and be able to respond and act on any potential issues
" Proactively assist the business, operations, compliance, and IT partners in understanding the impact of business initiatives on regulatory reporting
" Develop and maintain strong working relationships with key stakeholders.
" Identify key areas of risk in the reporting process and influence development of control framework
" Produce and/or validate for accuracy daily, weekly or monthly regulatory reports;
" Timely investigation and resolution of exceptions generated during the reporting process/ cycle;
" Analyze daily, weekly and monthly reporting metrics to identify trends and areas for improvement
" Manage maintenance of procedures and other documents relating to the team;
" Maintain a strong focus on streamlining inefficient processes;
" Develop recommendations for process control improvements;
" Maintain strong risk management within the daily production process;
" Be able to understand and explain the technical infrastructure that supports regulatory reporting and suggest improvements.
" Talk to the SME on the ground within the different areas and deliver process maps and workflows to demonstrate understanding of regional peculiarities
" Utilize knowledge of the GTR reports to enable new and usable controls to be developed.
This position will have decision making responsibility to the extent that it impacts the task at hand and in helping to design agreed upon deliverables. The Regulatory Middle Office Controls operating model has Global alignment and regional characteristic which are centrally managed to ensure coordination and consistency in delivery.
Knowledge and Skill Requirements:
" Knowledge of DFA and Canada Trade Reporting is an advantage
" Knowledge of the Fixed Income Business, particularly the products & operation flows
" At least four years of business experience in Investment Banking Operations, preferably working within the derivatives business.
" Strong interpersonal skills
" Proactive self-starting individual
" Flexibility and ability to learn quickly
" Strong analytical skills is essential
" Strong control mind-set is essential
" Ability to give presentations would be a benefit
" Project management experience and/or six sigma qualification useful
" Technical / IT understanding of how systems deliver regulatory reports is desirable
Management of Risk (Operational Risk / FIM requirements)
" Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
" Each employee must ensure compliance, operational risk controls in accordance with HClient or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
" Each employee must promote an environment that supports diversity and reflects the HClient brand.
Observation of Internal Controls (Compliance Policy / FIM requirements)
" Each employee must maintain HClient internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year-end performance assessments.
" Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.