Global Markets Trade Control Professional - Regulatory Reporting - New York, NY

Job Description:

LOB Specific Description:

The Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform end to end trade control, confirmation and settlements processes across FICC businesses and provides utility OTC derivative confirmation and settlement services for non FICC businesses.

Within FDCO, the teams provide multiple services such as FICC trade control, Foreign Exchange (FX) electronic matching and settlement, Over the Counter (OTC) derivative confirmation and settlement, and commodities operations.

Job Description

The role sits within the Horizontal Services team in FI Trade Control which covers several centralized processes. One of these is Trade Reporting and this role is a part of that, focused on TRACE reporting (near live reporting of in scope securities transactions).

The role will cover both monitoring daily controls for TRACE (looking to ensure accuracy, completeness and timeliness of reporting) and related governance processes as well as looking at improvement work to the workflows and control environments both as part of ongoing projects and as part of constant process improvement vigilance. In addition there are new requirements going live later this year for which processes will need to be built and rolled out in a controlled manner as well as then being subject to the same governance routines and ongoing control processes.

Responsibilities

• Report ownership including understanding full reporting and control infrastructure and requirements
• Monitoring control processes for these reports
• Provide metrics on performance of these processes
• Taking action on any issues identified, both to escalate and resolve, in conjunction with technology and other partners
• Working to respond to regulatory queries
• Preparing for and participating in audit reviews
• Constant process review to look improvement either to drive efficiency or increase control

Required Skills: (Must have these skills to be minimally qualified)

• Prior reporting experience or background in regulatory processes
• Data analysis skills (excel or other tools such as Alteryx)
• Self-motivated and deadline focused

Other Qualifications:

• Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
• Excels in working among diverse viewpoints to determine the best path forward.
• Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner.
• Commitment to challenging the status quo and promoting positive change.
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.
• Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.

Enterprise Role Overview:

Supervises trade booking and trade validation. Responsible for the analysis and resolution of a wide variety of complex products that may require special handling or exception reporting. Supports ongoing trade maintenance and reporting and supports the implementation of improvements to the system infrastructure and control environment. Introduces new initiatives, products and services, and procedural, systems or hardware solutions to improve efficiency. Provides analyses. Requires product experience and knowledge of financial instruments accounting relevant to the area supported. Provides general team guidance. May provide input to recruiting and hiring & performance mgt processes. BA preferred or substantially equivalent experience. Typically 5-7 years of applicable experience. To be used for employees in Global Markets only.

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