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Regulatory Middle Office Control Analyst - Cash Equities Job Details

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Employer:  Hongkong and Shanghai Banking Corporation
Job Ref No:  00009FR5
Job Title:  Regulatory Middle Office Control Analyst - Cash Equities
Sector:  Asset Management
Risk Type:  Regulatory/Compliance
Expertise:  Regulatory/Compliance
This position will support the New York Head of Regulatory Middle Office Controls in enhancing the Regulatory Middle Office Controls team. This position will require an ability to create strong control environment where regulatory risks and issues are identified quickly, capability to provide appropriate input in all change initiatives advising on potential impact upon new regulations, and adept at diagnosing key areas of risk in the trade and transactions reporting process and developing quality assurance tests for process control improvements. This is a hands-on role that supports group wide initiatives, special projects, and ad hoc requests from local management. In addition, there will be a degree of ongoing assessment of performance measures, data analysis, reporting requirements, support of system enhancements, and participation in change management for new regulations.

The ideal candidate will have a very strong understanding of the front office as well as operational environment within an investment bank or broker dealer supporting various product lines such as Cash Equities and Options Familiarity of existing FINRA regulations such as Order Audit Trail System (OATS), ACT (TRF/ORF), Electronic Bluesheets (EBS) and be plugged-in with the regulatory space would be desired. Experience with testing of controls and making sure they pass current rules and regulations is a big plus. In addition, an ability to fully utilize Excel, Power Point, Bloomberg and database applications as well as having very strong writing and presentation skills are key requirements for this role.

Primary Responsibilities/Essential Functions:

The ideal candidate will have a very strong understanding of the front office as well as operational environment within an investment bank or broker dealer supporting various product lines such as Cash Equities and Options.

Experience with testing of controls and making sure they pass current rules and regulations is a big plus. In addition, an ability to fully utilize Excel, Power Point, Bloomberg and database applications as well as having very strong writing and presentation skills are key requirements for this role.
  • Monitor daily processes for creation and submission of regulatory reports;
  • Design and build Quality Assurance tests to evidence complete and accurate regulatory reporting;
  • Recognize key areas of risks in the regulatory reporting process and develop recommendations for process controls improvements;
  • Influence Front Office and Operations practices to ensure accurate and timely regulatory reporting;
  • Develop and maintain strong working relationships with key stakeholders;
  • Following up on open items and deliverables with stakeholders;
  • Communicate with the Subject Matter Experts within the different areas and deliver process maps and workflows to demonstrate understanding of regional peculiarities;
  • Gather and analyze data;
  • Project tracking and updating;
  • Create Management Information Packs via Power Point presentations;
  • Maintaining files and reporting requirements;
  • Maintaining Databases.
  • Perform other job-related duties as assigned.

Decision-Making Responsibility:
  • This position will have limited decision making responsibility to the extent that it impacts the task at hand and in helping to design agreed upon deliverables. The Regulatory Middle Office Control's operating model has Global alignment and regional characteristic which are centrally managed to ensure coordination and consistency in delivery

Management of Risk
  • Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
  • Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
  • Each employee must promote an environment that supports diversity and reflects the HSBC brand.

Observation of Internal Controls
  • Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year end performance assessments.
  • Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

  • Bachelor's degree required, Master's is a Plus
  • Experience in an Operational or Regulatory Reporting function highly desirable
  • Understanding of regulatory environment within a Broker Dealer or Bank and how these regulations impact Operational work flows (primary regulators - FINRA/SEC)
  • Excellent people and negotiation skills
  • Proficient with Excel and Power Point
  • Broad based knowledge of various products helpful (Cash Equities, Options)
  • 5 years of experience in related roles preferred

EEO/AA/Minorities/Women/Disability/Veterans
Employment Type:  Full Time
Region/Country:  Americas, United States
States/Counties:  New Jersey
City:  Jersey City
Address: 
08/13/2017

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