AVP - Regulatory Reporting - BFSI

Overview

Far reaching regulations like Dodd-Frank Act, European Markets Infrastructure Regulation (EMIR), MiFID 2 and Basel III which have emerged post credit crisis have made it mandatory for financial institutions to report trade related information on a near real time basis. The mandated trade repositories and transaction reporting are very important and will significantly affect the way the OTC derivatives market will operate in the future. These reforms are designed to improve transparency, mitigate systemic risk and protect against market abuse.

Trade Repository Reporting is a global regulatory reporting requirement for. Operations for Global Trade Repository Reporting are being built out at Powai as a separate division within Operations Control.

The Global Trade Repository (GTR) is DTCC's cross-asset strategic solution for repository reporting - Credit, Equities, Rates, FX and Commodities

Current EDRR and IRRR are deemed as tactical solutions, GTR as the strategic reporting mechanism

Position specifications

Division : Operations

Function : Operations Control Regulatory Reporting

Designation : AVP

Experience : 6- 15 years

Qualification : Desired - MBA. Essential - B.Com \ BMS Graduate

Role & Responsibilities of the position in Brief

- Responsible for the day-to-day activities of reportings and exception monitoring, one point contact for escalations.

- Understanding of Middle office / Settlements and Trade life cycle processes for the products covered

- Good understanding of IT infrastructure and Front office / Middle Office systems

- Manage system and IT implementation for functional area

- Extensive communication and liaising with the internal departments, Middle Offices and external counterparties

- Resolution of escalated issues and quick turnaround of urgent breaks and queries

- Participation for implementing process / firm wide initiatives and identify process improvements. Drive efficiency opportunities in the daily workflow

Key Skills

- Knowledge of assigned product/functional area and thorough understanding of the entire operations function

- Detailed operational and technical knowledge of a range of products, processes & systems

- Excellent communication skills - Verbal and Written

- Time management and prioritization skills with the ability to handle high volumes

- Extremely good attention to details

- Excellent knowledge of MS Excel, Word and Powerpoint

- Good comprehension and assimilation skills

- Ability to deliver under tight and stressful situations

- An effective team player with excellent communication and people management skills

- Conceptual and analytical thinking - ability to resolve complex problems and issues

- Controls and risk management mindset

Key Accountabilities

- Direction and development of their supervisors, and the overseeing of performance management for the group.

- Participation in Recruitment, Performance Management, Environmental projects.

- Ability to initiate & implement controls and manage risk.

- Ability to influence strategy.

- Proactively maintaining effective working relationships with clients.

- Anticipating delays in business situations and reallocates resources to meet deadline.

- Providing clear direction and leadership. Provide mentoring.

- Initiate & Chair meetings.

- Demonstrate an understanding of firm financials/personal expense.

- Commitment to values and goals of firm must be demonstrated

Shift Timings

Flexibility to work in shifts both UK / US hours