Regulatory Reporting Intermediate Analyst

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Job Overview

Team/Function Overview:

The Regulatory Reporting group is a centralized unit within SMB&IC that is responsible for the implementation and oversight of regulatory reporting, including exception management, Controls and risk mitigation for EMIR reporting. The group is responsible for:

• Implementation of new regulatory reporting initiatives and enhancements

• Control and exception management on EMIR reports

• Industry level advocacy across multiple trade associations

• Partnering across Markets to remediate regulatory issues

• Timely investigation and remediation of trade rejections and internal exceptions

• Root cause analysis of rejections and exceptions and advising on remedial solutions

• Monitor daily controls such as Pairing & Matching breaks, Errors and Omissions, Reconciliations, etc.

Role / Position Overview:

• Oversee and ensure the day-to-day delivery of complete, accurate and timely reporting as defined by regulation and industry practice

• Manage and oversee BAU processes for EMIR Reporting, ensuring all reporting is completed accurately and on time. Controls / Reconciliation experience for BAU operations will be highly valued in this aspect.

• Monitor daily reporting controls – Pairing & Matching, Reconciliations, Errors & Omissions; identify and provide transparency into reporting issues whilst working with key stakeholders across the business and technology to remediate any gaps.

• Responsible for resolving regulatory reporting exceptions and rejections daily across EMIR and conducting root cause analysis

• Act as point of contact for EMIR Reporting.

• Ensure procedures and controls adhere to Citi’s Global Risk & Control as well as Global Regulatory Reporting policies

• Conduct data analysis on large data sets to identify root causes of complex issues

• Work closely with colleagues from Operations & Technology, Compliance, Legal, Risk & Control and business unit managers to ensure transparent and aligned objectives

• Support in addressing questions arising from regulators, compliance assurance and internal audit

• Work with the global team leads and reporting teams in the development and execution of a global book of work delivering new regulatory requirements, higher productivity, stronger controls and insightful metrics related to various regulatory regimes including EMIR / MIFID / CFTC Reporting and NFRR (Non-Financial Regulatory Reporting), and OTC & Exchange Traded Derivatives.

• Drive change process by advocating for process improvements of existing processes to reduce manual touch points and increase efficacy and accuracy

• Responsible for generating MIS, to ensure appropriate levels of transparency are provided to the wider REGOPS group & relevant stakeholders.

Candidate Requirements

• Previous experience within Regulatory Reporting, such as: EMIR/CFTC/MIFID, highly desirable.

• 6+ years of previous financial services experience, within regulatory reporting / capital markets middle office / OTC derivative products, trade lifecycle

• Demonstrated experience in the successful implementation of projects, operational process change and improvement, preferably within capital markets operations

• Exposure to SQL/VBA (advanced Excel) is an advantage

• Experience in collecting, defining and documenting business and technology requirements, test plans and other project management artefacts

• Experienced in consulting with project stakeholders, including the skills to facilitate compromises and resolve conflicting requirements. (Strong Project Management / Stakeholder Management skills)

• Ability to identify and communicate risk issues, concepts, and mitigations/solutions effectively.

• Ability to engage with multiple stakeholders demonstrating strong verbal and written communication skills.

• Proven problem-solving and decision-making skills, capable of managing and resolving conflict with clients

• Self-motivated, detail oriented well organized with strong verbal and written communication skills

• Working knowledge of related industry practices and standards, and experience in large scale implementations

• Experience in working across technology and business projects and managing inter-dependencies between the two

• Proven problem-solving and decision-making skills

• Pro-active, resilient, and tenacious

• Ability to create and deliver presentations to senior levels of management

• Ability to work under pressure and manage to tight deadlines or unexpected changes in expectations or requirements

• Proficiency in Microsoft Office Tools

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