Description
Role Purpose:To assist the RRU manager in setting up the Regulatory Reporting Quality Assurance Testing team and manage ad hoc projects to ensure the on-going success of the team to satisfy the needs in the regulatory space.
MUST HAVE DODD-FRANK REPORTING EXPERIENCE!
Principal Activities:
Testing:
* Contributing to the design and executing the on-going control monitoring and testing plan, including thematic and targeted reviews
* Working in collaboration with Product Line Operations to ensure appropriate Key Risk Indicators (KRIs), performing trend analysis and assisting to highlight and remediate control weaknesses
* Investigating regulatory incidents, ensuring root causes and remediation actions are understood, shared and implemented
* Assessing control impact resulting in significant process or technology changes, e.g. new product, offshoring
* Participating in Control Self Assessments
* Abnormal control related issues and trends are escalated and remediated
* Identification of systems required for testing regarding in scope reconciliations, confirmations and reporting
* Review of controls within GM Ops and perform continuous testing throughout the year.
* Be able to understand and explain the technical infrastructure that supports regulatory reporting and suggest improvements.
* Talk to the SME on the ground within the different areas and deliver process maps and workflows to demonstrate understanding of regional peculiarities
* To assist with presentations to the business on the importance Trade and Transaction Reporting
* Implementation of a successful project on time and within budget
Leadership & Teamwork
* Actively promotes a positive regulatory control across the organisation
* Project management experience with the ability to lead working groups and project teams
* Positive engagement and participation by stakeholders in executing risk management and control initiatives
* Represent RRU and/or HSBC at forums both internally and externally with confidence and assurance, in keeping with the company core values
* Agreed conclusions to risk assessments and required remediation
* Drive initiatives with stakeholders
* Mid-Year and Year End Feedback through 360 appraisal
Operational Effectiveness & Control
* Must be aware of Regulatory Reporting issues and updates
* Should be able to highlight any control issues that are found either within the team or the wider Operations' teams that we monitor
* Must be aware of the impact of poor Trade and Transaction Reporting
* Must have an understanding of the wider risk and control issues that impact Operations