Senior Compliance Analyst, Regulatory Banking (AVP)

£70000 - £75000 per annum + + Benefits
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KANE PELGROM

Regulatory Compliance Analyst, Banking (12-months contract)


Our client is a leading international bank focused on helping people and companies prosper.

The Role Responsibilities

Strategy

  • Prioritise work effectively. Agile in approach to work.
  • Maintain robust controls on reporting to evidence completeness, accuracy & timeliness.
  • Maintain consistency of processes & MI across regulatory regimes e.g. SFTR, MIFID & EMIR.
  • Provide effective controls & processes in relation to prevention, detection, assurance & oversight categories in relation to SFTR reporting.
  • Identify improvement to processes & drive delivery of change management.
  • Ensure a stakeholder management framework is in place to effectively communicate progress & risks associated with the function.
  • Collaboration across teams, regions & time zones to meet the responsibilities of the global team.

Business

  • SFTR (Securities & Financing Transactions Regulation) aims to extend on the regulatory initiatives introduced since the global financial crisis by closing regulatory gaps in the shadow banking system. SFTR aims to introduce transparency for securities financing transactions (SFTs) with the introduction of a transaction reporting regime. SFTR entered into force in January 2016. Reporting of new SFT transactions commenced on the 13th July 2020.


Processes
All aspects of tasks related to prevention, detection, assurance & oversight of the SFTR reporting function. Including:

  • Process/develop exception monitoring & Control processes.
  • Manage client facing issues & queries.
  • Assist with building tactical processes to improve completeness, accuracy & timeliness while working with Product Owner prioritise strategic fixes.
  • Work on specific accuracy related issues & analysis of Kaizen errors.
  • Complete tasks related to ‘pairing’ & ‘matching’ with our counterparties reporting.
  • Monitor & drive remediation of Agent Lender flow.
  • Develop & enhance DOI’s to ensure they are accurate in line with processes.
  • Ensure SFTR is aligned to third party reviews of other regimes


People and Talent

  • Ensure the Regulatory Operations team is appropriately skilled, motivated and enabled to deliver and maintain a high-quality control environment across the SFTR reporting function.
  • Adopt and promote a culture of risk awareness & accountability for controls & processes.
  • People need to be team players with the ability to collaborate across a global Regulatory Operations team


Risk Management

  • Create a control framework that effectively executes prevention, detection, Assurance & oversight processes with the SFTR reporting function.
  • Understand the system architecture limitations & remediation plans to ensure impact on day to day reporting can be mitigated.
  • Evolve, improve & question processes to ensure the team are working in an environment of continual change while having certainty around how current DOI processes should be completed.
  • Ensure timely escalation of errors, omissions & technical issues impacting the performance of the reporting function.
  • Provide a daily dashboard of performance to provide visibility of the performance of the SFTR reporting function.

Governance

  • Ensure a stakeholder management framework is in place to effectively communicate progress & risks associated with the function.

Regulatory & Business Conduct

  • Display exemplary conduct and live by the Group’s Values and Code of Conduct.
  • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.


Our Ideal Candidate

  • A detailed understanding of the SFTR reporting requirements.
  • Good understanding of the regulatory landscape including MIFID, EMIR & Dodd-Frank reporting
  • Knowledge of FM products & specifically SFT’s.
  • Focus on Completeness, accuracy & timeliness controls.
  • Good prioritisation skills & experience of working using agile methods.
  • Excellent communication skills, both externally with the FM clients & internally with stakeholders
  • Ability to work as part of a global team to meet goals.

McGregor Boyall is an equal opportunity employer and do not discriminate on any grounds.

 

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