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.
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 Slough 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 career advancement, particularly in our London and Paris offices. With a strong focus on compliance and regulatory expertise, we empower our team members to engage with key stakeholders and regulators, ensuring meaningful contributions to the industry while enjoying a supportive and inclusive workplace culture.
StudySmarter Expert Advice🤫
We think this is how you could land Transaction 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 online forums, and don’t be shy to reach 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 Transaction Reporting and compliance. This will help you tailor your answers and show that you’re genuinely interested in the role and the organisation.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online resources to refine your responses. 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. Plus, it’s a great way to ensure your application gets seen by the right people. So, get clicking and let’s land that job together!
We think you need these skills to ace Transaction Reporting Compliance AVP in Slough
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Transaction Reporting Compliance role. Highlight your relevant experience with regulations like EMIR and MIFID, and showcase any advisory roles you've had. We want to see how your background aligns with our needs!
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 you can contribute to our team. Mention specific experiences that relate to the key responsibilities outlined in the job description.
Showcase Your Regulatory Knowledge:In your application, demonstrate your understanding of the regulatory landscape. Discuss any previous interactions with regulators or your experience in implementing compliance measures. This will show us that you’re not just familiar with the rules, but you can also apply them effectively.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy to do!
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 for Scenario Questions
Expect questions that ask how you would handle specific compliance scenarios or challenges. Think of examples from your past experience where you successfully navigated similar situations and be ready to share them.
✨Showcase Your Communication Skills
Since this role involves interacting with various stakeholders and regulators, practice articulating complex compliance topics in a clear and concise manner. This will demonstrate your ability to communicate effectively across different teams.
✨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 can proactively contribute to the organisation's goals.
