At a Glance
- Tasks: Advise on compliance topics, manage regulatory interactions, and deliver training on transaction reporting.
- Company: Leading financial institution with a global presence and a focus on compliance excellence.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative environment with opportunities to engage with senior management and regulators.
- Why this job: Join a dynamic team making a real impact in regulatory compliance and risk management.
- Qualifications: Strong knowledge of transaction reporting regulations and excellent communication skills.
The predicted salary is between 60000 - 80000 £ per year.
The Transaction Reporting Practice maintains regulatory expertise to provide a point of contact globally on the regulations in scope (e.g. EMIR, SFTR, MIFID). The Practice also interacts with the main regulators in Europe regarding the firm's reporting activity or supports local Compliance teams in their engagement with regulators.
There are four main themes:
- Advisory – advising the business and 1LoD stakeholders on Compliance topics for day-to-day queries and participating in relevant approval and governance committees regarding Transaction Reporting.
- Regulatory – Being knowledgeable about regulations in scope that impact the business and implementing measures and set guidance to ensure adherence. Providing input into policies, procedures, and Business Requirement Documents. Interfacing with regulators.
- Risk & Controls – reviewing and challenging the business on the adequacy of risk controls, providing markets expertise in the Risk Assessment, independent testing, control plan and IG review processes.
- Training & Awareness – Designing and delivering training on relevant rules and regulations applicable to the Global Markets businesses and undertaking regular induction and refresher training.
Job purpose: The role will be responsible for covering post-trade Transaction Reporting. This will be part of the Transaction Reporting Practice, a team split across London and Paris, providing Compliance support to Front office, Operational and Compliance teams across CIB and the Group, with a strong focus on Global Markets, on all matters relating to Transaction Reporting.
Topics will include providing advice on the latest regulations (both global and local); input and opinions into Business approval committees (TAC/NAC etc); participation in the bank-wide remediation programme; check and challenge 1LoD KPIs and related actions, dealing with a large number of stakeholders across the bank (IT and Operations, Internal Audit, Senior Management in Compliance and the Business), and interaction with regulators.
The role holder will need to have a good technical and practical knowledge of the Transaction Reporting subject, risk mitigation or audit methodology and the ability to quickly apply that to the organisation. The candidate will be required to work closely with the relevant business Advisory teams (in London, and globally), other Compliance and various 1LoD functions (operational control teams, MO, IT, etc.).
Key Responsibilities:
- Check and Challenge 1LoD analysis, controls results and related corrective actions.
- Challenge the Business and Functions on the adequacy and effectiveness of their risk controls and supervisory framework around Transaction Reporting, leveraging the input of management as necessary.
- Provide Compliance advice and guidance on all matters relating to Transaction Reporting including:
- Input & opinions to Business Approval Committees (TAC/NAC etc)
- Support for ongoing remediation programmes and incidents
- Regulatory change management
- Engagement with Regulators as required (FCA, AMF etc)
- Business As Usual (BAU) queries on transaction reporting requirements and regulations
- Produce detailed and high quality output (i.e. reports, training material, policies/procedures).
- Provide Compliance training to the Business where required and help design training on rules, regulations or best practices, in coordination with 1LOD and other Compliance teams.
- Establish and develop good working relationships with the business members, ensuring they understand the rules, regulations, policies and procedures so they are able to manage their risks.
- Demonstrate understanding of the Business strategy and identify potential risks proactively and positively to protect the bank.
- Manage confidential and sensitive information.
- Provide management information and reports within the timeframe requested.
Transaction/Regulatory Reporting Compliance AVP in London employer: Morgan McKinley
As a leading employer in the financial services sector, we offer a dynamic work environment that fosters collaboration and innovation. Our commitment to employee growth is evident through comprehensive training programmes and opportunities for advancement within our global network. Located in the vibrant cities of London and Paris, we provide a unique chance to engage with top-tier professionals while navigating complex regulatory landscapes, making your role both impactful and rewarding.
StudySmarter Expert Advice🤫
We think this is how you could land Transaction/Regulatory Reporting Compliance AVP in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join relevant groups on LinkedIn, and don’t be shy about reaching out to folks who work in compliance or regulatory reporting. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of regulations like EMIR and MIFID. Be ready to discuss how you can provide compliance advice and support to various teams. Show them you’re not just familiar with the rules but also passionate about helping the business navigate them.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers. Focus on how you would handle real-life scenarios related to transaction reporting and compliance challenges. This will help you feel more confident when it’s your turn in the hot seat.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you. Tailor your application to highlight your experience with risk controls and regulatory engagement, and let us see how you can contribute to our team!
We think you need these skills to ace Transaction/Regulatory Reporting Compliance AVP in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Transaction Reporting Compliance role. Highlight relevant experience and skills that match the job description, especially around regulatory knowledge and compliance advisory.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Use specific examples from your past experiences that demonstrate your understanding of regulations like EMIR or MIFID and how you've successfully navigated compliance challenges.
Showcase Your Communication Skills:Since this role involves interacting with various stakeholders and regulators, make sure to highlight your communication skills. Provide examples of how you've effectively communicated complex compliance topics in the past.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss any important updates from us!
How to prepare for a job interview at Morgan McKinley
✨Know Your Regulations
Make sure you brush up on the key regulations like EMIR, SFTR, and MIFID. Being able to discuss these confidently will show that you have the regulatory expertise needed for the role.
✨Prepare Real-World Examples
Think of specific instances where you've advised on compliance topics or engaged with regulators. Sharing these experiences can demonstrate your practical knowledge and ability to apply regulations in real situations.
✨Understand the Business Strategy
Familiarise yourself with the company's business strategy and how transaction reporting fits into it. This will help you articulate how you can proactively identify risks and support the business effectively.
✨Build Rapport with Stakeholders
Be ready to discuss how you would establish good working relationships with various stakeholders. Highlighting your communication skills and ability to collaborate will be crucial, especially when dealing with different teams across the bank.
