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
#LI-AR1
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Job Family Group:
Finance------------------------------------------------------
Job Family:
Regulatory Reporting------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Business Acumen, Change Management, Communication, Data Analysis, Financial Acumen, Internal Controls, Issue Management, Problem Solving, Regulatory Reporting.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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Citi Mumbai, Maharashtra, IND Office
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