AVP - Compliance Reporting - BFSI

Worldwide Securities Services (WSS) Summary:

Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue., WSS leverages the firm's global scale, leading technology and deep industry expertise to service investments around the world. It has $16.1 trillion in assets under custody and $7.3 trillion in funds under administration.

Department Summary:

Market-leading post-trade compliance reporting services for portfolio risk management.market-leading Compliance Reporting Services enables asset managers, fund sponsors and trustees to efficiently detect and manage violations of client-specified investment rules, facilitating risk reduction and demonstrating industry best practices. With more than 200 clients and 6,000 portfolios-including more than 2,000 mutual funds-the firm services a large number of sophisticated investors globally, representing approximately $2 trillion in assets. Our diverse client list includes corporate and public pensions, investment managers, endowments and foundations, corporate cash, insurers and central banks.

Key Accountabilities/Major Responsibilities:

This role will incorporate the following:

Client Focused

Provided with a set of clients, the Compliance Reporting Analyst would be responsible for:

- Reviews rules setup by other analysts & acts as a control point toward achieving that the rule is working as per client requirement.

- Ensure the setup of rules are in line with regulatory requirements including the 1940 Act & UCITS

- Able to interpret regulatory changes if any and accordingly provide functional input to make necessary changes to any existing rules.

- Act as a change agent and provide technical expertise to key projects/initiatives in the compliance reporting function.

- Act as a key linkage point with the OSD teams & other stakeholders including audit. Is able to provide an e2e view of the rule coded, whether it is working properly and resultant breaches if any.

- Providing innovative solutions to client requirements (including coding the Compliance Reporting application) in sync with optimization of the rule library in place.

- Is able to appreciate specific client nuances successfully and provide an appropriate & optimal solution to meet objectives.

- Maintaining existing fund "rules" within the system and tailoring available solutions to the changing needs of the client in a timely manner.

- Scope client requirements against that of the system and perform maintenance to the client's account.

- Investigate investment guideline breaches with the investment manager to assist the client in the breach resolution process.

- Keep upto date with industry practice, product development and evolving regulations.

Technically Focused

- Concentrate on problem-solving technical and involved requests for clients across the globe, as part of discrete implementations of new business.

- Interpreting investment mandates to identify "rules"

- Agreeing reporting criteria with the OSD teams

- Coding identified and agreed "rules" within the Compliance Reporting application

- Logical, problem-solving, technical person would be ideally suited.

The successful candidate will need to either have, or swiftly acquire, knowledge of a myriad of financial instruments, including derivatives.

Key responsibilities:

- Regularly communicate with the Ops and OSD teams (over the phone and electronically) discussing potential breaches on the investment mandates relating to assigned funds.

- Create, maintain and test logical rules automatically applied to the financial instruments.

Qualifications/Experience/Knowledge

Knowledge and Experience Required:

- Degree in related technical area (such as Finance, Mathematics, Economics, Computer Sciences or Business) advantageous but not essential.

- Qualification involving financial instruments beneficial.

- The successful candidate would have at least two of the following key attributes, demonstrated by suitable experience:

Strong client servicing experience

Coding or report writing experience, ideally with logic-based database systems

Excellent financial market and instrument knowledge

Compliance reporting product knowledge

- All candidates must have:

Excellent written and verbal communication

Strong analytical, organisational and problem solving skills

PC literacy, especially in Microsoft- Excel