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ORRC Regulatory Reporting Oversight Executive Director - Firmwide Operations
Finance & Investment Industry Company
New York, NY, United States
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Description
The Operations Risk & Regulatory Control Division (ORRC) is a global team responsible for Control (Balance Sheet Control, Credit & Market Risk, Outsourcing and Policies & Procedures), Regulatory Reporting, Risk (Client Confidentiality, Operational Risk, and BCP) and CTB Projects.
This role is a key part of the Regulatory pillar within the ORRC Regulatory Reporting Oversight Group. This team focuses on ensuring that Company complies with regulatory reporting obligations with completeness, accuracy and timeliness. This is achieved through establishing and communicating a regulatory report policy, independent comprehensive and thematic testing, clear exposure of control gaps, support of global and regional governance forums and global regulatory report training.
The candidate should expect to build an intricate knowledge of regulatory reporting regulations, first line audit methods, firm systems, data sources, products as well as the processes that are in place to ensure compliance with regulations.
Key activities include but are not limited to the following:
-Establish a Global Operations Regulatory Report Governance framework and link to relevant regional governance forums
-Deliver a regulatory reporting policy that establishes the benchmark standards for the control framework, deep dives, workflow tools, rule changes, change management, and quality assurance
-Deliver a front-to-back QA programme across the global Operations report population covering rule capture, technical controls and the process of report creation and submission
-Create a global standard training plan for those involved in regulatory reporting
The successful candidate must work closely with the members of Operations functional as well as other stakeholders across the Firm. The primary relationships will be with the Regional Head of Operations, Global Head of ORRC, and Global Head of the Regulatory Reporting Oversight Group, Compliance and Technology. Regular engagement will be required with the global and regional Governance Committee members and key stakeholders which includes Operations, Technology, the Business Units and Legal & Compliance.
Qualifications
Required
10+ years of experience in designing and managing regulatory or risk functions in Financial Services/Banking industry.
Regulatory framework background.
Audit skillset and/or background.
Excellent ability to analyse and assess existing processes in identifying actions required to comply.
Excellent management, leadership skills.
Excellent communication skills including ability to write documents for presentation to senior management and lead senior leads meeting.
Strong analytical and problem solving skills.
Ability to work within tight delivery timeframes and meanwhile multi-tasked.
Ability to partner with colleagues across functions and lead effectively across geographical boundaries.
Ability to coordinate efforts with Compliance and Technology to define and re-design testing models to achieve effectiveness.
Strong experience with MS Office (Excel, Power Point, Visio and Access).
Strong project management skill.
Preferred
Strong product knowledge.
Familiarity with Company Operations systems, processes, and framework.