Global Banking & Markets, Derivatives Regulatory Reporting, Associate, New York

OPERATIONS

Operations division is a dynamic, multi-faceted organization that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

YOUR IMPACT
We're looking for a professional individual who wants to apply their financial market knowledge and further develop their understanding of a growing sector of the financial markets at the heart of regulatory reform. With the continued high rate of change in the regulatory reporting space, Regulatory Operations professionals have the platform to significantly impact their environment and the wider business.

Our team is seeking a professional who is looking to collaborate with multiple stakeholders to improve the firm's compliance rates across various obligations.

OUR IMPACT - REGULATORY OPERATIONS
Our team partners with groups in all areas of the firm to perform financial analytics and reporting as well as data analytics and engineering. Our division also provides critical operations design and handles capital markets operations to ensure business flows smoothly across our global offices. From day one, team members play a vital role in upholding the three Operations principles of client focus, process innovation and risk management.

Regulatory Operations team is responsible for reporting to external stakeholders in the North America region, including the reporting and monitoring of trade, transaction and position information across a wide range of traded financial products and business lines for the CFTC (Commodity Futures Trading Commission), SEC (Securities and Exchange Commission), and CSA (Canadian Standards Association) obligations. The team plays an integral role in ensuring that the Firm meets its regulatory reporting obligations. The Team consists of talented and highly motivated individuals who are extensively involved in the preparation of the mandated reports, as well as the implementation of effective control processes, efficiency initiatives, new compliance and industry change initiatives, BCP, and other department initiatives.

HOW YOU WILL FULFILL YOUR POTENTIAL

Responsibilities include the following:

• Contribute to the execution of non-financial regulatory reporting obligations (eg. CFTC, CSA, and SEC obligations)
• Develop a strong working knowledge of the rules underlying CFTC Part 45 (P45), CFTC Part 43 (P43), CFTC Part 23 Material Terms Reconciliation (P23 MET Rec), SEC Securities Based Swap (SBS) reporting, and Ontario Securities Commission (OSC) rule 91-507
• Perform analysis to detect anomalies in the reporting data, investigate reporting issues demonstrating aptitude to work with wide range of data sets
• Actively participate in the development of the strategic control framework for Regulatory Operations
• Identify solutions to correct system issues, documenting requirements to high quality, performing tests to identify an accurate resolution
• Advise on regulatory risk and requirements to facilitate commercial activity
• Develop strong relationships with clients and business, Engineering, Compliance and Legal stakeholders to support reporting functions
• Analyze internal client and external regulatory inquiries
• Train and motivate colleagues to achieve personal and departmental business and risk targets
  

SKILLS & EXPERIENCE WE ARE LOOKING FOR
BASIC QUALIFICATIONS

• Professional experience (3.5+ years) in the financial services sector
• Strong analytical skills with an ability to understand complex workflows paired with meticulous attention to detail
• Strong communication skills to clearly articulate issues and ideas and provide timely escalation
• Good interpersonal skills to build strong relationships with key stakeholders within and outside of Operations
• Good influencing skills to work with the Operations team in challenging the status quo and continuously enhancing the control environment required
• Self-motivated and proactive team player, who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities within deadlines
• Proficiency in Microsoft Office applications, particularly Excel (formulas, vlookups, pivots, macros)
• Active interest in understanding and learning about the global financial markets