Assistant Manager/Senior Manager - Regulatory Reporting - Investment Banking

One of our leading Banking clients is for AM / Sr. Manager roles who has strong work experience in Regulatory Reporting or Transaction Reporting from Investment Banking Domain for both Hyderabad and Gurgaon.

Designation: AM / Sr. Manager

Experience: 6 - 13 Years

Skillset: Regulatory trade and transaction reporting landscape (especially UK / EU / US regulatory bodies and requirements) across key Regulations (e.g. EMIR, MiFID, CFTC, MIFIR, DoddFrank).

Shift: 12:30 PM to 9:30 PM

Location: Hyderabad / Gurgaon

Process Overview :

Global Markets Operations & Middle Office provides operations support to the Global Markets Business of Key Business activities include back office and middle office operations related to securities, derivatives, futures, options, currencies (fx) and commodities. Key functions include Trade Processing & settlement, Inventory Management, Cash Management, Asset Services, Collateral Management, Reconciliation, and Client & Product Data.

This role is part of Global Markets Operations and Middle office (GMOMO) - Transaction Reporting Operations

Job Description- :

Transaction Reporting Operations (TR Ops) sits within Global Banking and Markets Operations (GMOMO), which provides controlled and cost effective post-trade processes and support.

TR Ops is responsible for ensuring the completeness, accuracy and timeliness of all transaction reports in scope. The global team, which is based in the UK, US and India, covers 30+ transaction reporting obligations across key Regulations (e.g. EMIR, MiFID, CFTC).

To help maintain control standards and provide scalability to cope with existing and new regulatory requirements, TR Ops is functionally aligned :

Submission Control: The team monitors daily submissions and swiftly deals with pre-/post submission errors.

Enhanced Quality Assurance: The team carries out dip tests and thematic deep-dives for quality assurance purposes.

Remediation: The team operates cross-functionally. Any issues identified are remediated and where required, affected transactions will be back-reported.

Initiatives: The team operates cross-functionally and considers any potential impact of changes resulting from new trades, products or regulation on their transaction reporting obligations.

Delegated Reporting : This is a dedicated client-facing team to support the bank's delegated reporting service.

Governance : The team provides a centralized risk, control and governance framework.

Delegated Reporting : This is a dedicated client-facing team to support the bank's delegated reporting service.

Governance : The team provides a centralized risk, control and governance framework.

Responsibilities :

Core Reconciliations : Perform reconciliations for accuracy / completeness / timeliness (e.g. internal trading system vs external data set).

Pairing & Matching : Perform pairing & matching for dual sided reporting.

Testing : Develop and maintain testing in accordance with global standards.

- Perform dip tests to determine the completeness, accuracy, and timeliness of regulatory reports

- Perform dip tests and thematic dives to ensure integrity and quality of the reporting based on rules interpretations, internally identified risk areas, and regulator guidance. (sample based)

- Perform post-process quality assurance testing on the effectiveness of internal processes and controls. (sample based)

- Contribute to the development of strategic technology solutions to support testing, assessment, and report inventory management.

Data Quality Controls : Set up and maintain data quality controls (e.g. LEI, masking control, UTI). For valuation exceptions establish root cause for reporting breaks in live position vs. valuation generation. Engage in data quality Compliance routines. Attend and participate in Industry Working Groups. Work with

- Line-Of-Business report owners to create action plans to address control gaps in a timely way

Remediation & Back-Reporting : Investigate issues and carry out root cause analysis. Define remediation requirements. Manage remediation effort and associated back-reporting effort, where required. Partner with onshore testing team to resolve issues arising from quality assurance testing carried out by them

Management Information : Produce and disseminate metrics and analytics on regulatory reporting issues and testing results

Query Management : Proactively assist in responding to internal, client and regulator enquiries.

Governance : Ensure that the regional governance model operates as designed including regional governance meetings with key stakeholders, the provision of metrics and reporting, follow up on incidents and issues. Contribute to assessing the enhancements to the design, development and implementation of the governance framework. Prepare information on plans, progress, issues, for regulatory reporting governance committees

- Maintain and enhance Operations regulatory reporting inventory on SharePoint, ensuring it is complete and accurate

Mandatory Skills :

Regulatory Background :

- Strong understanding of the regulatory trade and transaction reporting landscape (especially UK / EU / US regulatory bodies and requirements)

- Familiar with key regulations covered by TR Ops - TBC

Industry Experience :

- Experience of working in Banking MO, Operations or other relevant functions

- Experience in regulatory reporting processes, ideally involving testing or quality assurance of regulatory reports

- Familiar with key trade flow components: how trades are booked, cleared, captured, consumed by the reporting systems, processed, submitted to the regulatory / repository)

- Familiar with the following products covered by regulatory reporting obligations - TBC

- Product specific knowledge inside / outside of transaction reporting operations

- Experience in key transaction reporting systems and how they interact with each other - TBC

Business Analysis & Analytical Tools :

- Experience in analyzing and documenting business processes and develop solutions

- Quantitative / qualitative analysis skills

- Experience in data manipulation

- Experience in carrying out CAT testing: completeness / accuracy / timeliness

- Experience in carrying out thematic deep dives

- Experience in UAT and regression testing

- Experience in producing MI reports

- Proficient in MS Office, including Excel and PowerPoint

- Proficient in SharePoint Project / Programme Management Experience

- Experience in managing small / medium-size / large projects Stakeholder / Client Management

- Experience in managing cross-functional senior stakeholders