Who are we looking for?
We are looking for a driven individual to join a team of Regulatory Change Specialists responsible for assessing regulatory reporting requirements, identifying change as a result of those requirements, and working closely with the front office and middle office to understand booking models and business transactions such that regulatory reporting submissions to regulators globally continues to be complete, accurate and timely.
Ability to take initiative, exercise independent thinking, juggle multiple tasks, set priorities, and meet aggressive deadlines will be key in this challenging environment. Strong interpersonal and organizational skills, and interest in working in a professional and collaborative environment, will contribute to your success.
Why is this role important to us?
The team you will be joining is a part of State Street Markets (SSM). When owners and managers of institutional assets need research, trading, securities lending, and innovative portfolio strategies, they turn to SSM. As our investment research and trading arm, SSM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.
What you will be responsible for
As the Regulatory Reporting Assistant Vice President you will:
- Address day-to-day operational issues and escalations.
- Consult with project teams and IT in regard to any projects/initiatives impacting operations for operational readiness and preparation.
- Provide program oversight for key regulatory reporting initiatives, succinctly raising risks, and issues to senior management timely, and helping to properly mitigate and/or remediate.
- Consult with external counterparties and industry forums to improve internal regulatory reporting program and provide subject matter expertise to internal parties.
- Interpret regulatory text and work with the business and technology teams to support regulatory reporting change initiatives on behalf of the firm.
- Oversee the development and design of optimal regulatory reporting processes, coordinating with key stakeholders across the organization to ensure regulatory reporting deliverables are implemented accurately, timely and incorporating best practices.
- Drive root cause analysis, gap analysis, requirement gathering, solution design and produce business requirement documentation.
- Ensure changes that could impact regulatory reporting obligations follow the defined governance and control framework.
- Lead prioritization discussions with key stakeholders and delivery leads, drive system enhancement pipeline.
- Support the 'Risk Excellence' culture within the business.
- Perform additional responsibilities as required.
What we value
These skills will help you succeed in this role.
- Strong risk mitigation, problem solving, and decision-making skills.
- Ability to think critically and resolve complex problems.
- Experience working under tight deadlines with multiple deliverables.
- Strong project/process management, and organizational skills
- Exhibit superior problem solving and analytical thinking, innovation and thought leadership.
- Stay current with emerging trends to support business growth and transformation.
Education / Experience
- BS, BA, BBA, or equivalent work experience
- Experience in regulatory reporting, risk management, compliance, audit, control experience preferred.
- Regulatory reporting awareness and exposure to MiFID II, EMIR, CFTC, or APAC regulators is preferred.
- Knowledge of industry regulatory requirements
- Contribute to a wide variety of initiatives as a dependable and flexible resource.
- Maintain working knowledge of overall process operating/IT model and assist with deployment of operational changes.
- Proficiency in Microsoft Office applications – PP, Teams, Word, Excel, Access
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