Requesting candidates for-CIB - Transaction Processing Associate

Job Description

Process Overview Middle Office, as part of CIB Operations, provides support to a wide range of external and internal businesses. It also provides the best-in-class operational processing capabilities across all asset classes. The Regulatory Projects Team is responsible for being the first line of defense for any regulatory/systemic change. Product Coverage Equity Cash, Derivatives, OTC, Credit Default Swaps, equity swaps, interest rate swaps and other structured derivative products. Roles & Responsibilities The candidate would be responsible for
• New regulatory reporting implementation & on going remediation for MIFID / MIFIR Regulation
• Understand the regulatory requirements working with Legal / Compliance / Industry (ISDA/Equities industry groups/DTCC etc) & internal stakeholders
• Driving initiatives and performing a deep dive to understand the control gaps.
• Perform UAT Testing and prepare test packs. Expertise of testing tools like ALM,etc would be an advantage
• Establish the end to end control processes.
• Review & improve the end to end control process around the Regulatory Reporting agenda in Sec Derivatives / Equities.
• Establish a strategic attestation process on Regulatory reporting for the jurisdictions already implemented to the business
• Come up with process and system enhancement recommendations
• Responsible for regulatory reporting break management and working with technology to resolve it
• Understand the regulatory reporting requirements by partnering with GRRC, Technology and other internal stakeholders
• Perform root cause analysis on internal and external breaks
• Perform impact analysis on issues and prioritize fixes with various Technology teams for RTS22 report
• Highlight gaps/enhancements in existing control framework
• Ensure time-to-time up-skilling on additional controls introduced as part of overall control framework
• Ensure all controls and checks are completed by the end of day
• Work with business and Technology group to prioritize the requirements by presenting the business case
• Perform cost benefit analysis to propose optimum future process to the business
• Ultimately, successfully deliver controlled environment of Regulatory Reporting
V. Qualifications / Experience / Knowledge: Skill sets Required
• Previous experience in the Financial Services industry with strong understanding of Credit / Rates / Equity Cash & Derivatives products
• Strong understanding of MIFID, FINMA, Dodd Frank CFTC Trade Reporting and EMIR Trade Reporting
• Strong understanding of Cash Equities and Securitized Derivatives products
• Strong communication skills, both written and verbal, including the ability to develop relationships across the various stakeholders including Senior Business executives
• A self motivated individual who is able to deliver with minimal supervision, whilst also working effectively as part of a team
• Strong product knowledge; thorough understanding of the end to end transaction cycle for derivative products
• Control mindset to identify process control gaps, prioritize & mitigate operational risk
• Having advance Analytical & logical reasoning skills.
• Need to question the status-quo and have an automation nag.
• Individual needs to be self-motivated to drive various initiatives.
• Excellent time management skill and ability to prioritize work effectively
• Proactive in problem solving and developing solutions.
• Ability to respond to a changing environment.
• Be innovative and suggest system improvement capabilities.
• Ability to multi task, ensuring the controls are performed correctly, breaks are resolved and MIS being sent to managers on deadlines.
• Positive Can Do attitude
• Contributes to an environment of collaboration and mutual responsibility
• Good understanding of downstream impact of actions undertaken, particularly the requirement for strong and timely controls throughout the life cycle of the trade
• Ability to motivate people and manage careers.
• Ability to influence team and provide a vision.
• Effective stake-holder management
• Excellent business analysis skills to drill down the complex regulatory reporting requirements for multiple jurisdictions
• Excellent problem solving skills in order to identify, understand, and address operational and technical issues
• Self-motivated and ability to deliver with minimal supervision
• Understanding of the end-to-end data remediation process
• Ability to work in a high pressure environment with time-critical deliveries
• Experience with investment banking environment is a must, preferably in Regulatory Reporting for above jurisdictions
• Strong ability to perform analysis on large data-sets
• Bachelor s degree, Finance / Economics or other related disciplines is preferred
• Strong proficiency in Microsoft Office especially, Excel
Other Requements: Min Required Qualifications / Experience
• Graduate with 8+ years of experience, with alteast 5+ years in an investment banking environment, preferably in Projects / BA / Testing / Reconciliation / Middle Office / Trade Support
• Degree holder in Finance / Economics / Engineering/ MBA or other related disciplines (preferable)
• Strong proficiency in MS Office.
Shift Timings
• Primary Coverage- 12.00 pm to 9.00 pm IST. Cross regional coverage to be provided. Ability to work stretch hours in case of business requirement.
Travel.
• Flexibility for travel to region ( APAC / EMEA / Americas) for period of 2-3 months within short notice in case of business requirements.
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Keyskills :
sapcustomer relationsslaroot cause analysisinterest rate swapscost benefit analysishigh pressure environmentlife cycleroot causecost benefit