Job Description

This role undertakes responsibility for the management of collateral, primary economic terms & regulatory reporting reconciliations using various systems and applications to satisfactorily identify, report and resolve exceptions. This includes but is not limited to: Ensuring any significant exceptions are monitored for prompt resolution by the relevant stakeholders. Taking responsibility for the escalation procedure as required. Regular review of UAT testing of new reconciliations and engagement of stakeholders to ensure any issues are actioned. Regular review of UAT testing of new systems and engagement of stakeholders to ensure any issues are actioned. Responsible for the regulatory compliance reporting associated with the Dodd-Frank Act and all other Jurisdiction OTC regulatory rules. Responsible for ensuring periodic internal & external audit The role requires excellent knowledge of daily mark to market movements of trading equity, collateral management and of OTC products and their respective work flows through the various systems, including manual processes. The role additionally requires high-level engagement with a variety of stakeholders including Front Office, Middle Office, Operations and IT department, to discuss issues and root causes and agree sound risk-balanced solutions. Additional project related work will be required as the bank looks to become complaint with new and continuously changing regulatory requirements. Role Type: Permanent Role Location: Bangalore What will your day look like The role has 13 BLR staff reporting in for BAU operations, BAU improvements , implementation of regulatory change including UAT and BVT tech changes. Primary line manager responsibilities are running staff meetings and providing communications, staff coaching/one on ones, performance appraisals and career growth. As a Regulatory & Reporting Manager, you are accountable for running, monitoring and controlling the below BAU processes: Client valuations Regulatory reconciliations & includes managing external audit process TriResolve & Xceptor Portrecs reconciliations and TriResolve material terms - includes external & internal audits & control testing Regulatory reporting ( level 1 & 2 support) CFTC record keeping OTC controls Production of monthly RTM stats and pack - proactive management of risk within processes What will you bring The Must have experiences Managing multiple BAU process Attain a high level of SME knowledge to proactively control regulatory risk Educate and maintain a strong risk culture in staff Review and report relevant risk events in a timely manner Oversight of all amendments to documentation Work with tech team to eliminate all system downtime/errors Managing change initiatives Identifying and planning process & control uplifts Stakeholder and technology management On time delivery BAU uplifts Managing staff Staff overtime, WFH and BCP plans Manage and maintain team engagement & motivation Manage performance reviews, one on ones and any adverse feedback of direct staff. Costs kept within team budget. Good to have knowledge, skills and experiences Co-ordination of regular meetings with all key stakeholders. Review 5-why analysis plans to losses and place preventative controls to minimise reoccurrence. Management of cost savings targets via data analysis, such as minimize over-reporting Close liaison with New Products team and with system/application owners to ensure all flows are meeting regulatory, risk, time reporting constraints. First escalation point for any issues relating to over/under reported OTC products & collateral/Portfolio reconciling items identified in the reconciliation process.