Job Description Morgan McKinley is recruiting for a Regulatory Reporting AVP on behalf of a leading bank based in Belfast on an initial 6 month contract.
Morgan McKinley is recruiting for a Regulatory Reporting AVP on behalf of a leading bank based in Belfast on an initial 6 month contract. The AVP will be rewarded with a daily salary of upto ??321.36.
Regulatory Reporting AVP
Belfast United Kingdom
The Operations Regulatory Control group is a centralised unit that is responsible for the oversight of day to day compliance for regulatory reporting including exception management and risk mitigation for the EMEA Region.
The team is responsible for the review, action and oversight of daily regulatory reporting and exception management.
The team provides a crucial level of governance to safeguard the bank and its clients for their reporting obligations. ORC works closely with Compliance, Business, Technology and Operations to interpret, investigate and remediate regulatory related issues, and to track risk through metrics analysis, trending oversight and timely escalation.
Role / Position Overview
The role of a Team Analyst within the ORC department is to provide oversight of key controls and processes, in order to ensure a best in class provision of regulatory reporting on behalf of the firm and its clients.
Review of trade, position and transaction reporting validation and reconciliation exceptions pertaining to trade / transaction data submitted to numerous National Competent Authorities (such as FCA, Central Bank of Ireland, BaFIN, Bank of England and other Debt Management Offices across Europe)
The individual will be responsible for working collaboratively with Operations, Technology, Compliance, Internal Audit and the business, to maintain strong working relationship and support proactive governance and control management.
The role will involve working in conjunction with the Reporting team peers in Belfast and Supporting the supervisory team, including senior Management in London, to highlight issues and raise solutions through interpretation of submitted data.
Help drive implementation and perform monitoring and testing of firms submission data and exceptions/rejections to develop appropriate controls to drive the completeness, accuracy and timeliness of regulatory reporting obligations within ORC.
To verify ongoing compliance with the regulatory requirement.
Review, Design and Enhance key metrics and KPIs relevant to numerous regulations and assist with reporting to key stakeholders and senior management.
Key tasks to involve the remediation of replay data across numerous regulatory processes within the Reporting team in Belfast, and to support the successful identification and remediation of failed controls (specifically but not limited to, the analysis of keys controls, UAT of future enhancements and regulatory reporting remediation tasks)
The individual will be responsible for working collaboratively with Operations Regulatory Control, Technology, and key business stakeholders to maintain a strong working relationship and a best in class approach to proactive exception management
Partnering with ORC Change Management and QA to ensure adequate issue documentation, testing and resolution implementation. Ensure all required sign-offs and audit trails are maintained and meet a standardised approach.
Extensive liaison with internal customers, notably Business Units, Information Technology, Other ORC areas and Compliance Management, whilst fostering partnerships with key contacts with open and honest feedback;
Good Microsoft skills including Excel, Word and Outlook
Proactive, able to work on initiative and organize themselves well
Ability to communicate effectively facilitating interaction with clients, own team and operations management. Ability to detail issues, in writing, in a clear, accurate and concise manner
Analytical and Numerate proven ability to research and identify large and complex issues
Demonstrates sound judgement and professionalism in decision making/problem solving, escalating to supervisor as appropriate
Real attention to detail
Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.
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