The Wealth Regulatory Reporting Operations Manager - Vice President is an individual contributor’s role who is responsible for ensuring complete, accurate and timely regulatory reporting submissions, including exceptions resolution and process improvements in coordination with the Wealth Regulatory Reporting Operations team. The overall objective is to ensure accurate, timely and complete fulfillment of regulatory reporting obligations imposed on Citi by different regulators.
This position plays key role within the Global Wealth Operations & Technology organization and a key partner to Wealth Business Senior Management Team, Investments Business Management, Discretionary Business Management, Business Risk & Control, Legal and Compliance.
The role includes line management responsibilities and oversight across all operational functions associated with regulatory reporting applicable to the respective jurisdiction.
The overall objectives of this role are strengthening Operational Regulatory Reporting processes, Governance and detection of issues, link between Product & regulatory reporting and increase awareness and knowledge on regulatory reporting.
- Experience: Candidates should have experience in regulatory reporting space (financial, non-financial, compliance regulatory reporting) securities & derivatives, and possess a sound Operations background.
- Leadership: We are seeking a seasoned people manager with a proven track record (minimum 4 years in leadership role) of building teams from scratch and establishing processes, particularly in regulatory reporting (NFRR).
- Focus: We are specifically not looking for Business Analyst (BA), Project Manager (PM), or change management profiles for this role.
- "Good to Have" Skill: Statistical transaction reporting (monthly/quarterly/annual/semi-annual) would be an asset.
Responsibilities:
- Preparation and submission of regulatory reports covering different jurisdictions and products
- Analyzing regulatory reporting process front to back
- Resolving issues related to regulatory reporting
- Communicate operational changes arising from remediation or process or control enhancements to Operations & Technology
- Develop Business Requirements for system-related enhancements and End to end management of implementation of new or amended regulations
- Reconciliation of positions and ensuring of completeness, accuracy, and timeliness of reporting
- Executing the road map to improve regulatory reporting operations efficiency, controls, and resilience
- Streamlining process inconsistencies, mitigate risks, and process documentation. Sharing knowledge among team to manage regulatory reporting operations functions.
- Anticipate details of future regulations by communicating directly with key stakeholders and staying informed of relevant trends and industry new
- Driving projects and process improvements
- Supporting all control functions including MCA, audits, procedures updates and implementation
- Calculating and monitoring of key KPIs and metrics
- Timely escalation of issues and monitoring till resolution
- Close cooperation with Business and Tech partners on gap identification and process improvements
- Preparation and participation in governance forums
- Supporting internal & external audit reviews in relation to regulatory reporting operations & controls processes
- Leading team, supporting the goals and evaluation processes
- Recruiting talents
- Coordinating task allocation and completion in regulatory reporting operations team
- Continue professional development to keep abreast of emerging technologies, methods and best practices.
Qualifications:
- Minimum 7 years of experience in Operations, preferably in regulatory reporting space
- Minimum 4 years of experience in leading team
- Solid experience in transactional regulatory reporting
- Proven experience working with demanding business stakeholders within a cross-functional matrix environment
- Deep understanding of regulations and operational processes
- Strong interpersonal skills to influence and spur change, facilitate, and enhance performance within a cross - functional environment.
- Proven experience leading a team
- Good understanding of Investments and Capital Market products as well as trade execution and settlement processes
- Analytical thinking skills
- Effective workload management
- Effective, adjusted to recipient communication skills
- Critical thinking and drawing logic conclusions
- Adequate level of proficiency with MS Project, Excel, Visio, PowerPoint and SharePoint with experience presenting to stakeholders and senior leadership
- Experience working both independently and, in a team-oriented, collaborative environment
Education:
- Master degree, preferably in finance and banking
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Job Family Group:
Operations - Transaction Services
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Job Family:
Securities and Derivatives Processing
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Time Type:
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Most Relevant Skills
Please see the requirements listed above.
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Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
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