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Reporting Team Assistant Manager 50 views

Job Description

Role / Position Overview

To support the Regulatory Reporting manager, providing management oversight of the regulatory reporting function and processes including but not limited to the following:

Oversight of the day to day regulatory reporting obligations, highlighting emerging risks / issues to management

Partnering with Change teams and Technology to ensure that risk is mitigated by identifying, prioritizing, and managing testing of technical fixes / enhancements

Reviewing and enhancing the existing the control framework where appropriate, updating and testing the management control assessment (MCA)

Partnering with internal stakeholders including  Operations, Technology, Compliance, Internal Audit and the business and embed a best in class service to internal clients

Management of Regulatory communications to various NCA’s, providing the necessary transparency to senior stakeholders.

Preparation and submission of relevant updates and MIS to numerous Committees, providing transparency of existing or emerging issues and path to remediation. 

Key Responsibilities:

  • Day to Day management of the reporting team based in Belfast who are responsible for daily regulatory reporting obligations
  • Support the ORC Reporting Team Manager by representing ORC at internal and external regulatory meetings and disseminate information to all ORC teams and relevant stakeholders.
  • Identify, prioritize and resolve regulatory reporting issues, partnering with relevant internal stakeholder to mitigate risk
  • Partner with ORC Reporting Team Managers in London to review MCA and other similar risk management programs ensuring that appropriate preventative and detective controls are documented and tested, and aligned to oversight processes operating from Belfast;
  • Supervising reporting team leads to enhance management information ensuring timely and accurate MIS provisions to appropriate audience;
  • Support internal reviews from QA, Internal Audit and Compliance, understanding and challenging observations, agreeing remediation points and applying lessons learnt across other reporting;
  • Partner with ORC Reporting Team Managers in London to coordinate requests from Compliance, Regulatory enquiries and Business / client queries ensuring they are reviewed, documented and responded to in a timely manner.
  • Providing coverage for the FCA errors and omissions notifications process including updated and submitting latest status via the monthly reporting process;
  • Partner with Change Management team in implementing business change, driving the requirements for Trade and Transaction Reporting, inputting into and supporting the change lifecycle ensuring appropriate BAU engagement to complete testing which support accuracy and completeness of regulatory reporting;
  • Supporting vendor relationships at a BAU level to ensure Service Level Agreements are operating effectively and escalated appropriately.

Knowledge/Experience:

  • Team player who works well with colleagues of all levels in achieving value-added results;
  • The ideal candidate must have investment banking experience;
  • Ability to build productive working relationships across Business Units, Operations departments, Internal Audit, and Compliance;
  • Ability to interpret and summarize key issues to senior management and other stakeholders;
  • Proven experience developing creative solutions to problems;
  • Ability to consistently deliver work of a high standard whilst under pressure;
  • Understand impact of external factors (e.g. regulatory changes) on departmental strategy;
  • Understanding of front to back technology and business flows;
  • Proven track record of overseeing regulatory submission reporting

Skills:

  • Self-starter, able to work on initiative and organize themselves well;
  • Strong upward and downward management skills to balance managerial requirements in a timely manner
  • Great communication skills – to be able to articulate issues and propose solutions effectively and succinctly
  • Good interpersonal communication skills which will be required for both internal and external business partners – with an ability to communicate ideas at a high level for management and at the detailed level for change development
  • Pro-active, likely to instigate change;
  • Able to build effective working relationships quickly and maintain them;
  • Focused on providing a high standard of service to clients;
  • Great attention to detail;
  • Excellent written and oral communication skills;
  • Resilient and tenacious;

Excellent time management and strong understanding of managing priority items in a day to day business environment

Qualifications:

Mandatory

  • GSCE “A” Level standard or equivalent
  • Good numeric skills

Desirable

  • Bachelors degree
  • Industry exams e.g. FSA module exams or a full affiliate status

Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Competencies

  • Accuracy and attention to detail imperative;
  • Excellent time management as well as organizational skills;
  • Strong analytical skills with the confidence to raise issues
  • Flexible approach to task management;
  • Ability to prioritize effectively;
  • Great communication and leadership skills with the ability to be assertive in terms of regulations and procedures;
  • Strong influencing and negotiation skills;
  • Ability to build and maintain effective networks and relationships;·
  • Service orientation, professionalism, proactive and strong client/business focus, and accountability

Development Value:

  • Develop a greater understanding of Regulatory requirements (extending outside of MIFID II and EMIR);
  • Increase product and business knowledge through exposure to all areas of Capital Markets and Banking;
  • Develop an understanding of Citigroup at a more strategic level;
  • Opportunity to work collaboratively and to build effective working relationship with numerous Business Units, Operations departments, Internal Audit, and Compliance surveillance;

Opportunity for development in understanding of multiple Regulatory obligations and Reporting requirements to a host of EMEA linked National Competent Authorities

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