KNOWLEDGE, TECHNICAL SKILLS AND EXPERTISE:

• Business knowledge
• Understanding of reporting regulations
• Understanding of risk and control
• Banking knowledge
• Strong Excel skills

WHAT YOU’LL BE DOING

Servicing clients

• Management of all external requests and communications including in relation to the exchange of Unique Transaction Identifiers (UTIs), provision of delegated reporting services and trade repository reconciliation exceptions
• Strong partnership with our key stakeholders; namely Compliance, Operations peers and IT

Performance

• Submission of reporting files and messages within the regulatory deadlines
• Monitoring and resolution of reporting exceptions and rejections
• Monitoring and resolution of exceptions on all internal and external reconciliations
• Monitoring and resolution of exceptions on all data assurance checks
• Identification and escalation of late reporting to all key internal stakeholders

Risk mitigation

• Production of Management Information (MI) for all key stakeholders and participate in all internal governance forums as required
• Continuous evaluation and improvement of the function’s control framework
• Documentation of procedures for all tasks performed
• Timely escalation of all regulatory and risk incidents through the Bank’s formal channels
• Collation of monthly Key Indicators for Operational Risk measurement Perform periodic deep dive analysis on sample data to identify compliance issues

Enabling change

• Provide support to Change the Bank (CTB) initiatives by participating in the development of business requirements, test scenarios and execution of user testing schedules
• Participation in industry forums and working groups
• Proactively manage own personal development and training

What you’ll need to be successful

• Education to Degree level or equivalent highly desirable
• Experience within an additional Operations function
• Experience in regulatory trade or transaction reporting in EMIR and preferably at least one other jurisdiction/regime
• Demonstrable experience in implementing and improving policies and procedures within an Operations environment
• Good understanding of transaction reporting principles and processes
• Good understanding of operational risk management techniques
• Professional qualification (e.g. IOC) an advantage

THE ROLE WOULD SUIT SOMEONE WHO IS:

• Able to navigate complexity
• Can work in ambiguity

The Operations department is responsible for ensuring the complete end-to-end processing of the Bank’s transactions and services. They are responsible for ensuring that the appropriate control framework exists to ensure the accuracy of this processing as well as the recording of this in the Bank’s books and records. Operations are also responsible for the accurate and timely reporting of the Bank’s transactions to multiple regulatory stakeholders globally.

• The Operations department performs the following functions
• Trade Support
• Financial Settlements
• Physical Settlements
• LME Trade Clearing Services
• Clearing and Vaulting Services
• Structured and Banking Products support
• Facilitation of trade finance and documentary credit products Confirmations
• Collateral Management
• Operations Control
• Balance sheet substantiation
• Nostro production and reconciliations
• Risk and control oversight and monitoring
• Regulatory Operations Cash, Interest Claims and Nostro management
• Brokerage Service