Reference Code: 12017306
Location: Belfast, NIR, UK
Education Level: Other
Description

Job Background/context:
The Quality Assurance team is being established, to perform periodic reviews of Transaction Reporting data submitted to the FSA. The remit is to ensure Citi comply with guidelines established by the FSA via Market Watch # 29 where regulated firms must take steps to ensure their Transaction Reporting is complete and accurate. The team will responsible for the review and reconciliation of data submitted by the firms regulated entities, across Equity, Fixed Income, Listed and OTC Derivative Products prioritizing issues that may arise as a result of testing based on matters such as materiality. The group will be responsible for a quarterly review of all data submitted to the FSA for a particular business day, and also monthly sample based reviews across business scenarios. The role is within the Transaction Reporting team, which is part of the Regulatory Control team within the Operations Control department.

There are additional functions in Regulatory Control group, which cover other FSA requirements E.G. Client Money.

Key Responsibilities :
Timely and accurate production of key MIS reports to Global audience of key stakeholders across Operations, Technology and Compliance.
Reconciliation of data requested from the FSA vs. the data entry applications, developing a program initiated by Accenture
Investigation of issues arising from the Transaction Reporting process and escalation to local supervisory team and management where appropriate
Extensive liaison with internal customers, notably IT, Front Office and Compliance Management, foster partnership with key contacts with open feedback
Identification of areas for improving existing processes and controls
Identify enhancements to the technology infrastructure, working in partnership with immediate management team, the Asset Class stakeholders, Compliance and technology
Monitor any corrective action plans (CAP) required.
Prioritizing issues that may arise as a result of testing based on matters such as materiality compared with other issues raised by the other team units

Development Value :
Develop a greater understanding of Regulatory requirements; and in particular Transaction Reporting regulations
Increase product and business knowledge through exposure to all areas of Capital Markets & Banking
Develop an understanding of Citigroup at a more strategic leve
Opportunity to build effective working relationship with Operations, ARR, Compliance and the Business

Knowledge/Experience :
Team player who works well with colleagues of all levels in achieving value-added results
The ideal candidate should have a minimum of 1 years investment banking experience, and experience within a team managing process controls
Understanding of Investment banking products and trade flows I.E. Equities, Fixed Income and Derivatives. Qualifications
Ability to build productive working relationships across Operations, Compliance and Audit (internal and external)
Ability to interpret issues raised by individual entities and summarise the key issues to senior management and other stakeholders
Proven experience developing creative solutions to problems
Ability to consistently deliver work of a high standard whilst under pressure
Understand impact of external factors (e.g. regulatory changes) to departmental strategy
Understand the front to back technology used within the section

Skills:
Self-starter, able to work on initiative and organise themselves well
Good interpersonal communication skills which will be required for both internal and external business partners
Pro-active, likely to instigate change
Able to build effective working relationships quickly and maintain them
Focused on providing a high standard of service to clients
Great attention to detail
Excellent written and oral communication skills
Resilient and tenacious
Competencies
Accuracy and attention to detail imperative
Strong analytical skills with the confidence to raise issues
Good organisational skills
Flexible
Ability to prioritise
Good communication skills with the ability to be assertive in terms of regulations and procedures
Strong influencing and negotiation skills
Ability to build and maintain effective networks and relationships
Service orientation, professionalism, proactive and strong client/business focus, and accountability

Qualifications:
Proven experience in Securities & Banking Operations, or in a Controls based or Regulatory/Compliance function
Previous Regulatory reporting experience preferable
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Citi is an Equal Opportunities Employer
Citi - 12 months ago