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 culture with a focus on career development and impactful work.
- Why this job: Join a dynamic team shaping compliance practices in a fast-paced financial environment.
- 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.
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 Reporting Compliance AVP in London employer: Morgan McKinley
As a leading global financial institution, we pride ourselves on fostering a dynamic and inclusive work environment that prioritises employee development and regulatory excellence. Our Transaction Reporting Compliance team, based in the vibrant cities of London and Paris, offers unparalleled opportunities for professional growth through comprehensive training programmes and direct engagement with regulators. Join us to be part of a collaborative culture that values innovation and compliance, ensuring you make a meaningful impact in the world of finance.
StudySmarter Expert Advice🤫
We think this is how you could land Transaction Reporting Compliance AVP in London
✨Tip Number 1
Network like a pro! Get out there and connect with folks in the industry. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to compliance and transaction reporting. This will help you tailor your answers and show that you’re genuinely interested in being part of their team.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources to get comfortable with common questions. Focus on articulating your experience with regulations like EMIR and MIFID, as well as your ability to engage with regulators.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team and ready to dive into the world of transaction reporting compliance.
We think you need these skills to ace Transaction Reporting Compliance AVP in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Transaction Reporting Compliance AVP role. Highlight your relevant experience with regulations like EMIR and MIFID, and showcase any advisory or compliance roles you've held. We want to see how you can bring your expertise to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about compliance and how your skills align with our needs. Don't forget to mention your experience in engaging with regulators and your ability to provide training – we love that!
Showcase Your Communication Skills:In this role, you'll be interacting with various stakeholders, so it's crucial to demonstrate your communication skills. Whether it's in your CV, cover letter, or any additional documents, make sure to highlight instances where you've effectively communicated complex regulatory topics.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It helps us keep track of applications and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and submit your application!
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 how you apply it 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 identify potential risks and show that you're proactive about protecting the bank.
✨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 key in this role.
