Regulatory Reporting Sr. Analyst - AVP

 Team/Function Overview:

The Regulatory Reporting group is a centralized unit within ICG O&T 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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