Regulatory Operations EMEA is split into three teams (Client Account Control & On-Boarding, Client Assets and Regulatory Transaction Reporting) who are responsible for daily operational oversight and management of regulatory day to day processes ensuring compliance for regulatory reporting and client assets.
In addition the team is responsible for assessing impact to these processes by future regulatory legislation ensuring regulatory change governance and oversight of the day-to-day BAU function in Powai, who manage the day to day processing of the Global Trade Repository reporting ensuring compliance with EMIR and Dodd Frank rules.
o This is an excellent opportunity for an individual to gain a valuable insight across FCA/ MiFID II and GTR regulations and the importance of establishing a robust oversight and control environment to meet Reg requirements.
o Develop a technical understanding of Nomuras Regulatory Reporting obligations both internally and externally.
o Understand Nomuras Regulatory Reporting flows, including exception management and resolution within the regulators required timelines.
o Overseeing the Powai BAU team and building out a robust governance, oversight and control environment to ensure Compliance with the regulations.
o Apply zero tolerance on EOD exceptions where possible and if not have an in depth understanding of the break cause and resolution.
o Understanding of Nomuras wider trade flows and be able to apply this knowledge to ensure accurate Regulatory Reporting.
o Developing a relationship with Middle Office, Static Data, Compliance and Technology areas to assist with the resolution of exceptions.
o Performing periodic Reporting reconciliations. This includes break management, escalation of issues and MIS production.
o Overseeing the daily/weekly Reporting MIS and KRI packs.
o Investigating the potential impact of new business lines and new products through the Bengal and Nepal process. This will include tracking the process from an ORR (Operations Regulatory Reporting, Powai) perspective.
o Involvement in internal and external developments on FCA Transaction Reporting. This will include tracking developments and ensuring correct implementation of necessary technology updates.
o Complete User Acceptance Testing and be able to articulate results to the team management.
o Participation in various firm-wide regulatory change initiatives relating to EMIR GTR/ MiFID II Reporting
o Timely escalation of issues identified in the process in line with Regulatory Operations escalation process and protocols
o Continuous challenge of the process identifying areas for improvement
Key objectives critical to success:
o A quick learner with the ability to translate understand and digest technical knowledge Regulatory processes
o Understand and be fully conversant with Regulatory Reporting rules
o Understanding of the current regulatory environment and regulatory pipeline, assessing the impact of upcoming regulatory change on Operations processes as they relate to BAU processes for Regulatory Reporting
o Developing a robust control environment to ensure Compliance with Nomuras regulatory requirements.
Skills, experience, qualifications and knowledge required
o Good analysis and problem solving skills, escalating any issues accordingly
o Investigative and inquisitive nature; willing to challenge accepted practice
o Control mindset and risk awareness