Regulatory Operations Senior Analyst in City of London

The Operations department is responsible for the effective, controlled, and timely delivery of the Bank’s post-trade and operational processing across its financial markets, commodities, structured products, banking and trade finance activities. The function supports the full transaction lifecycle and is responsible for maintaining a robust control framework to ensure accurate processing, appropriate books and records, effective reconciliations, balance sheet substantiation, timely settlements, regulatory reporting and the escalation of operational risks and issues.

The role holder will be responsible for executing, monitoring, and enhancing the Bank’s regulatory reporting processes and associated control framework. The role ensures that reporting obligations are met accurately, completely and within applicable regulatory deadlines across relevant regimes, including:

• Client Money and Asset Sourcebook (CASS)
• Single Customer View (SCV)
• OTC Risk Mitigation techniques such as portfolio reconciliation

Transaction reporting including:

• Markets in Financial Instruments Directive (MiFID II) Transparency Reporting
• MiFID II Transaction Reporting
• MiFID II Commodity Position Reporting
• London Metal Exchange (LME) OTC Position Reporting
• European Market Infrastructure Regulation (EMIR) UK & EU
• Monetary Authority of Singapore (MAS)
• London Bullion Market Association (LBMA)
• Commodity Futures Trading Commission (CFTC)
• Securities Financing Transactions Regulation (SFTR)

The role holder will also support the day-to-day operation and ongoing enhancement of controls relating to the Bank’s Client Assets Sourcebook (CASS), Single Customer View (SCV) obligations and OTC risk mitigation requirements, including portfolio reconciliation.

What you’ll be doing

Client Service

• Manage external requests and communications relating to the exchange of Unique Transaction Identifiers (UTIs)
• Manage external requests and communications relating to delegated reporting services and trade repository reconciliation exceptions
• Maintain effective working relationships with key stakeholders, including Compliance, Operations teams, Technology and other control functions

Performance

• Ensure reporting files and messages are submitted accurately and within regulatory deadlines
• Monitor, investigate and resolve reporting exceptions, rejections and data quality issues
• Monitor, investigate and resolve exceptions arising from internal and external reconciliations
• Monitor, investigate and resolve exceptions identified through data assurance and control checks
• Identify, investigate and elevate late, inaccurate or incomplete reporting to relevant internal stakeholders in a timely manner
• Produce clear and timely Management Information (MI) for key stakeholders and contribute to internal governance forums as required
• Continuous evaluation and improvement of the function's control framework
• Create, maintain and periodically review procedures for all activities performed by the function
• Timely escalation of all regulatory and risk incidents through the Bank's formal channels
• Capture of performance and risk indicators for Operational Risk measurement
• Perform periodic deep-dive analysis on sample data to identify potential reporting, control or compliance issues

Enabling change

• Support Change the Bank (CTB) initiatives by contributing to business requirements, test scenarios, user acceptance testing and implementation readiness activities
• Participate in industry forums, working groups and regulatory change discussions where relevant
• Proactively manage own personal development and training
• Identify opportunities for process and control enhancements and drive delivery
• Represent the function in stakeholder engagement, issue management and escalation discussions, in collaboration with the Head of Regulatory Operations

Client Assets

• Execute CASS controls in line with approved policies, procedures and regulatory requirements
• Produce and review regular MI on CASS adherence, control performance and emerging risks
• Escalate CASS risks, issues and control weaknesses to the Head of Regulatory Operations in a timely manner

What you’ll need to be successful

We’re looking for the following skills and experience.

Preferred experience:

• Experience in regulatory transaction reporting within a financial services environment, preferably across one or more relevant jurisdictions
• Demonstrable experience maintaining, implementing or improving policies, procedures and controls within an Operations or regulatory control environment
• Experience in a transaction reporting, regulatory operations or control function, preferable in a financial institution or equivalent environment
• Experience preparing risk, control and performance MI for stakeholders or governance forums

Knowledge, technical skills and expertise:

• Knowledge of CASS requirements and associated operational controls is desirable
• Working knowledge of Global Markets products and trade lifecycle events
• Understanding of operational risk management techniques
• Strong Excel skills, with the ability to analyse data, identify trends and support MI production
• Ability to interpret regulatory requirements and translate them into practical operational controls
• Able to navigate complex processes, data sets and regulatory requirements
• Comfortable working with ambiguity, applying sound judgement and escalating where appropriate

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We’re headquartered in London, with operations in Shanghai, Singapore and New York.

We’re a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, “Be Yourself, Succeed Together” underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we’re growing other employee network groups, including for women and neurodiversity.

We’re committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What’s in it for you?

• Financial – market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
• Hybrid working – the option to work remotely up to two days per week, depending on the role.
• Family - 6 months maternity leave at full pay, 4 weeks paternity leave at full pay and enhanced shared parental leave pay. Coaching for family leave returners and access to emergency care via My Family Care. Paid fertility and miscarriage leave.
• Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange, Employee Assistance Programme and menopause policy.
• Community – paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
• Development – a suite of opportunities to build the skills you need to excel in your role