Regulatory Reporting & Controls (NFRR) - Officer

Team/Function Overview:

The Operations Regulatory Control group is a centralized unit within ICG O&T that is responsible for the implementation and oversight of regulatory reporting, including exception management and risk mitigation across swap dealer reporting. The group is responsible for:

• Implementation of new regulatory reporting initiatives and enhancements
• Control and exception management on swap dealer reports
• Industry level advocacy across multiple trade associations
• Partnering across Markets to remediate regulatory issues

Role / Position Overview:

• Oversee and ensure the day-to-day delivery of complete, accurate and timely reporting as defined by relevant APAC regulations and industry best practice
• Monitor daily reporting control exceptions and metrics and work with key stakeholders across the Middle Office, Business, Technology as well as Legal and Compliance to remediate any gaps
• Ensure effective Governance of APAC regulatory reporting obligations by providing transparency to key stakeholders within Operations, Technology, the Business, Legal and Compliance and timely escalation of reporting issues
• Proactively investigate exceptions and incidents as well as conduct ad-hoc data quality checks. Conduct data analysis on large data sets to identify root causes of complex issues and advise on remediation plans
• Support addressing questions from both external (regulators, industry bodies) and internal stakeholders (the Business, Legal and Compliance, Internal Audit)
• Collaborate with peers in the global ORC team in the development, prioritization and execution of a coordinated global book of work delivering new regulatory requirements, enhancements, efficiency gains, control improvements and transparent metrics
• Manage the successful delivery of regulatory projects, fixes and enhancements through a structured approach, using the appropriate project management tools and artifacts (e.g. Business Requirement Documents, Risks and Issues trackers, Project Status updates, Test Plans etc.)
• Provide clear and concise updates on the progress of regulatory projects and initiatives by appropriately tailoring the communication to different audiences
• Represent Citi in APAC industry forums and in interactions with counterparties, vendors, solution providers and regulators
• Ensure ORC procedures and controls are in place and adhere to Citi’s Global Risk & Control as well as Global Regulatory Reporting policies

Candidate Requirements

• Product Knowledge: Understanding of OTC derivatives products across major asset classes and their trade lifecycle
• Subject matter expertise: G20 financial regulatory reform with an emphasis on transaction level reporting
• Experience: Minimum 3+ years financial industry experience within Regulatory space, Derivatives Operations, Project Management or Business Analysis
• Communication: Excellent communication skills (verbal, written, presentation) and ability to liaise with large global multi-function departments. Strong negotiation, co-ordination skills and ability to manage stakeholders of varying seniority and experience, across cultures and geographies.
• Organization: Strong time management, organization and multi-tasking skills. Flexibility to handle multiple tasks and changing priorities along with a desire to work in a fast paced environment under tight deadlines. Motivated self-starter with the ability to prioritize competing requirements.
• Analytical: Strong analytical and problem solving skills, good attention to detail.
• Interpersonal: Strong interpersonal skills; able to develop relationships both internally and externally to collaborate effectively. Ability to lead and influence stakeholders across reporting lines
• Technical Skills: Advanced knowledge of Power Point, Excel and Visio preferred, SQL / VBA an advantage
• Desirable:
  • Previous experience delivering solutions to APAC Regulatory requirements, such as trade reporting in major APAC jurisdictions (ASIC, MAS, HKMA)
  • Prior industry exposure representing a financial institution facing regulators, industry bodies, solution providers and vendors.
  • Proven experience managing large scale data quality or process improvement initiatives
  • Project management qualifications or proven experience applying project management methodologies (PMP / PRINCE2 / Lean Sigma / SDLC / Agile)
  • Familiarity with EMIR / MIFID / CFTC Reporting regulations
  • Understanding of NFRR (Non-Financial Regulatory Reporting) requirements

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