Global Banking & Markets - Regulatory Operations Associate - Frankfurt

YOUR IMPACT
We’re looking for a professional individual who wants to apply their financial market knowledge and further develop their understanding of a growing sector of the financial markets at the heart of regulatory reform. With the continued high rate of change in the regulatory reporting space, Regulatory Operations professionals have the platform to significantly impact their environment and the wider business.
Our team is seeking a professional who is looking to collaborate with multiple stakeholders to improve the firm’s compliance rates across various obligations.

OUR IMPACT
Operations division is a dynamic, multi-faceted organization that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm’s assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
We are a globally located team that exists to ensure that the firm fulfills a wide range of non-financial regulatory reporting obligations. Our team of critical thinkers partners with groups in all areas of the firm to perform financial analytics and reporting as well as data analytics and engineering. Our division also provides critical operations design and handles capital markets operations to ensure business flows smoothly across our global offices. From day one, team members play a vital role in upholding the three Operations principles of client focus, process innovation and risk management.
Regulatory Operations team is responsible for reporting to external stakeholders in the EMEA region, including the reporting and monitoring of trade, transaction and position information across a wide range of traded financial products and business lines. The characteristics of the team have to marry the firm’s culture of teamwork and diligence with the nature of regulatory obligations: ever changing with a need for precision and fast turnaround.

HOW YOU WILL FULFILL YOUR POTENTIAL

1. Develop expert knowledge in Regulatory requirements, processes and systems across global jurisdictions.
2. Investigate, remediate and provide supervisory guidance on issues with regulatory reports and develop control improvements including automation of manual processes.
3. Provide oversight of the impact assessments done on these reports for new markets, new products, business reorganizations, system changes and new/changed regulations.
4. Define and provide supervisory oversight for comprehensive project documentation in support of strategic initiatives and change management including: business/functional requirement documents, process flow diagrams and comprehensive data analysis.
5. Produce test scripts and co-ordinate / participate in testing activities with Operations and Technology.
6. Act as a risk manager for the firm through ongoing assessment and awareness of the regulatory environment and the firm’s adherence to its reporting obligations.
7. Actively participate in industry forums and working groups and partner with Federation group to drive industry discussions.
8. Work collaboratively across multiple business lines and stakeholder groups, such as Legal, Compliance, Technology and various Business Units in strategic initiatives and issue resolution across the global Regulatory Operations department.
9. Develop strong working relationships externally with Regulators, self-regulated bodies and vendors, to support various reporting functions.

SKILLS & EXPERIENCE WE ARE LOOKING FOR

1. Strong analytical skills with an ability to understand complex workflows paired with meticulous attention to detail.
2. Strong communication skills to clearly articulate issues and ideas and provide timely escalation – able to present with impact and influence, confidence to interact with auditors and regulators.
3. Good interpersonal skills to build strong relationships with key stakeholders within and outside of Operations.
4. Good influencing skills to work with the Operations team in challenging the status quo and continuously enhancing the control environment required.
5. Self-motivated and proactive team player, who takes ownership and accountability of projects, has hands-on approach and strong organizational skills as well as the ability to effectively manage competing priorities within deadlines.
6. Flexible and able to work well under pressure in a team environment.
7. Proficiency in Microsoft Office applications.
8. Active interest in understanding and learning about the global financial markets.

PREFERRED QUALIFICATIONS

1. Experience in an Operations Control Environment.
2. Working knowledge about financial markets, regulatory landscape and associated processes, including the lifecycle of a trade and money markets transactions.
3. Experience with regulatory reporting, in particular Money Markets Statistics Reporting or similar MiFid II reporting obligations, and interaction with regulators / auditors.
4. Working experience and Interest in data analysis, process automation, big data or technical process efficiencies / BI tools.
5. Working knowledge of project management and business analysis.
6. German language proficiency.

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