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 regulators and senior management.
- Why this job: Join a dynamic team shaping compliance in global markets and make a real impact.
- 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 challenging 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 Slough employer: Morgan McKinley
As a leading institution in the financial sector, we pride ourselves on fostering a dynamic work environment that encourages professional growth and collaboration. Our London and Paris teams are dedicated to providing comprehensive compliance support, ensuring that employees have access to ongoing training and development opportunities while engaging with top-tier regulators. Join us to be part of a culture that values expertise, innovation, and meaningful contributions to the global markets.
StudySmarter Expert Advice🤫
We think this is how you could land Transaction/Regulatory Reporting Compliance AVP in Slough
✨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 for a chat. You never know who might have the inside scoop on job openings!
✨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 the role. Plus, it’ll give you some great talking points!
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online platforms 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! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge. Plus, it’s super easy to keep track of your applications that way!
We think you need these skills to ace Transaction/Regulatory Reporting Compliance AVP in Slough
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Transaction/Regulatory Reporting Compliance role. Highlight your relevant experience with regulations like EMIR, SFTR, and MIFID, and showcase any advisory or compliance roles you've held.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Mention specific experiences where you've engaged with regulators or provided compliance advice, and show your passion for the industry.
Showcase Your Communication Skills:Since you'll be interacting with various stakeholders, it's crucial to demonstrate your strong communication skills. Use clear and concise language in your application, and provide examples of how you've effectively communicated complex regulatory topics in the past.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. This way, we can easily track your application and ensure it reaches the right team. Plus, it shows you're keen on joining us at StudySmarter!
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’re not just familiar with the terms but understand their implications for the business.
✨Prepare Real-World Examples
Think of specific instances where you've successfully navigated compliance challenges or improved risk controls. Sharing these examples will demonstrate your practical knowledge and problem-solving skills, which are crucial for this role.
✨Engage with Stakeholders
Be ready to talk about how you’ve built relationships with various stakeholders in previous roles. Highlighting your ability to communicate effectively with different teams, including IT and Operations, will show that you can collaborate well in a complex environment.
✨Showcase Your Training Skills
Since training is a big part of the role, prepare to discuss any experience you have in designing or delivering training sessions. This will illustrate your capability to educate others on compliance topics and ensure everyone is on the same page.
