About this role:
Wells Fargo is seeking an Institutional Investment Operations Manager...
- About the Department:
The transaction reporting function is responsible for the EMIR, SFTR, MiFID II, MAS, HKMA, FSA and Bank of Italy transaction reporting and exception management processes in partnership with our technology team, as well as providing support for regulatory change projects within the EMEA and APAC regions. Regional trading volume growth, expansion into new markets and the increasing rigor of regional regulations has led to the expansion of opportunities for the team.
Overview of the Position:
The role will primarily be responsible for the accurate and timely submissions of our regional transaction reporting obligations to the respective competent authorities through performance of completeness and accuracy reconciliations, however the role will also include support of change management projects and processes in line with the ever-changing regulatory landscape.
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These initiatives would include streamlining of MiFID II, SFTR & EMIR RTS 2.0 processes, as well as enhancements to internal infrastructure to support current regulatory requirements. This role is appropriate for an experienced regulatory reporting SME. This position will oversee the APAC regional coverage of wider team of CIB Operations.Required Qualifications:
- The candidate needs to be a self-motivated and have 12 years+ experience in transaction reporting operations and be able to demonstrate a working knowledge on Regulatory Reporting along with Corporate & Investment Banking operations.
- MBA or an advanced degree.
- Knowledge of transaction reporting operations including EMIR, MiFIR / MiFID I & II, FSA, MAS, HKMA requirements.
- Product knowledge in OTC Derivatives, Fixed Income and Equities.
- Excellent presentation skills, effective written and verbal communication skills, should be comfortable dealing with senior management.
- Consultative in approach, understanding and anticipating business partner needs and proactively delivering solutions.
- Experience of working with project and technology stakeholders to deliver change.
- Proficient with Microsoft Excel (VBA preferred).
- Perform the daily completeness and accuracy in reconciliation processes, in a timely and accurate manner to meet Regulatory Reporting obligations.
- Perform investigations on breaks and identify the rootcause for exceptions.
- Maintenance and enhancement of governance documents (eg. Process flows and procedures).
- Provide analytical and SME support to regulatory change projects.
- Co-ordinate testing support to regulatory change projects with local SMEs.
- Work with Compliance and Legal team partners on rule interpretations for regulatory change.
- Deliver timely and accurate MI to Operations & Compliance management.
- Operational Risk & Issue Management.
- Oversee the hand-offs and escalations of wider CIB Ops team during the APAC time zone.
- Provide the supervisory coverage and administrative support for CIB Ops APAC team.
Shifts: 6:30 AM - 3:30 PM (should be flexible basis the business requirement)
Posting End Date:
30 May 2024
*Job posting may come down early due to volume of applicants.
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