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Team/Function Overview:
The Regulatory Reporting group is a centralized unit within ICG O&T that is responsible for the implementation and oversight of regulatory reporting, including exception management, Controls and risk mitigation for EMIR reporting. The group is responsible for:
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Implementation of new regulatory reporting initiatives and enhancements
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Control and exception management on EMIR reports
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Industry level advocacy across multiple trade associations
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Partnering across Markets to remediate regulatory issues
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Timely investigation and remediation of trade rejections and internal exceptions
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Root cause analysis of rejections and exceptions and advising on remedial solutions
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Monitor daily controls such as Pairing & Matching breaks, Errors and Omissions, Reconciliations, etc.
Role / Position Overview:
- Oversee and ensure the day-to-day delivery of complete, accurate and timely reporting as defined by regulation and industry practice
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Manage and oversee BAU processes for EMIR Reporting, ensuring all reporting is completed accurately and on time. Controls / Reconciliation experience for BAU operations will be highly valued in this aspect.
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Monitor daily reporting controls – Pairing & Matching, Reconciliations, Errors & Omissions; identify and provide transparency into reporting issues whilst working with key stakeholders across the business and technology to remediate any gaps.
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Responsible for resolving regulatory reporting exceptions and rejections daily across EMIR and conducting root cause analysis
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Act as point of contact for EMIR Reporting.
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Ensure procedures and controls adhere to Citi’s Global Risk & Control as well as Global Regulatory Reporting policies
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Conduct data analysis on large data sets to identify root causes of complex issues
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Work closely with colleagues from Operations & Technology, Compliance, Legal, Risk & Control and business unit managers to ensure transparent and aligned objectives
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Support in addressing questions arising from regulators, compliance assurance and internal audit
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Work with the global team leads and reporting teams in the development and execution of a global book of work delivering new regulatory requirements, higher productivity, stronger controls and insightful metrics related to various regulatory regimes including EMIR / MIFID / CFTC Reporting and NFRR (Non-Financial Regulatory Reporting), and OTC & Exchange Traded Derivatives.
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Drive change process by advocating for process improvements of existing processes to reduce manual touch points and increase efficacy and accuracy
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Responsible for generating MIS, to ensure appropriate levels of transparency are provided to the wider REGOPS group & relevant stakeholders.
Candidate Requirements
- Previous experience within Regulatory Reporting, such as: EMIR/CFTC/MIFID, highly desirable.
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6+ years of previous financial services experience, within regulatory reporting / capital markets middle office / OTC derivative products, trade lifecycle
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Demonstrated experience in the successful implementation of projects, operational process change and improvement, preferably within capital markets operations
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Exposure to SQL/VBA (advanced Excel) is an advantage
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Experience in collecting, defining and documenting business and technology requirements, test plans and other project management artefacts
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Experienced in consulting with project stakeholders, including the skills to facilitate compromises and resolve conflicting requirements. (Strong Project Management / Stakeholder Management skills)
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Ability to identify and communicate risk issues, concepts, and mitigations/solutions effectively.
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Ability to engage with multiple stakeholders demonstrating strong verbal and written communication skills.
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Proven problem-solving and decision-making skills, capable of managing and resolving conflict with clients
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Self-motivated, detail oriented well organized with strong verbal and written communication skills
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Working knowledge of related industry practices and standards, and experience in large scale implementations
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Experience in working across technology and business projects and managing inter-dependencies between the two
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Proven problem-solving and decision-making skills
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Pro-active, resilient, and tenacious
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Ability to create and deliver presentations to senior levels of management
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Ability to work under pressure and manage to tight deadlines or unexpected changes in expectations or requirements
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Proficiency in Microsoft Office Tools
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Finance
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Regulatory Reporting
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Full time
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Business Acumen, Change Management, Communication, Data Analysis, Financial Acumen, Internal Controls, Issue Management, Problem Solving, Regulatory Reporting.
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For complementary skills, please see above and/or contact the recruiter.
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