Role Title: Cross Asset Reporting Lead
New or Existing Role? New
- The role of the Cross-Asset Reporting (XAR) Lead sits within the new Cross-Asset Reporting function within the GM Middle Office. The GM Middle Office sits within GM Operations. It is a globally aligned, cross asset operational structure equidistant from the Front Office, Operations, Finance and Risk. The Cross Asset Reporting component of the GM Middle Office is responsible for supporting all non-trade and transaction reporting requirements to meet regulatory obligations as well as outstanding audit points. The London team will be supported by a team within the GSC, but will service global obligations.
- This role will represent and support the team locally as well as globally.
- The Cross-Asset Reporting team is building a team of individuals who will liaise with various groups supporting our regional and global businesses to analyse regulatory reporting and implement and monitor our control infrastructure, including oversight of quality of data in reports such as Best Execution, Trade Reconstruction and Margin reporting requirements.
- The role will include driving forward the automation of processes and building out efficiencies to ensure a fully operational BAU process. Analysing and implementing new controls, operating models and governance for new regulations. Ensuring the integrity of the firm’s reporting obligations by implementing efficient exception management and remediation processes. This is accomplished by partnering with the business, operations, compliance, legal and technology on all the relevant production responsibilities.
Impact on Business
- Help create strong control environment where regulatory issues are identified quickly
- Accountable for overseeing and monitoring correct reporting for multiple asset classes
- Manage and develop robust testing environment to evidence complete and accurate reporting.
- Provide informed skill set to deliver change initiatives directly relating to changes in reporting requirements. E.g. Evolution of LIBOR
- Provide appropriate input in all change initiatives advising on potential impact upon reporting flow.
- Assist in socialising the control framework to Global Markets
- Provide control metrics to stakeholders and be able to respond and act on any potential issues
Customers / Stakeholders
- Front Office
- Trade & Transaction Reporting
- Change Programmes (Trade Reporting, FSA)
Leadership & Teamwork
- In addition to the day to day leadership required, the role holder will quickly need to build effective stakeholder relationships, working collaboratively to deliver a successful control and reporting function
- Constant drive to improve existing controls and develop new ones in order to promote a strong governance model
- The successful candidate must be able to demonstrate good BA skills and a solid, logical and structured approach to projects. The ability to make things happen and drive change is vital.
- Very professional with good RM & stakeholder skills with the ability to work with people of all levels – communication is obviously a very powerful tool especially when it comes to making projects work across different departments and parts of the business.
- A good, clear understanding of process flows, front to back, and products.
- Demonstrate an ability to work on their own and without supervision, able to take the initiative and take responsibility but also show a good understanding of team work.
- Demonstrate enthusiasm, drive and commitment whilst still being grounded and approachable.
- While the role is within a team, there will be a lot of self-motivation and working without direct supervision. There will be occasions when the role holder will need to run meetings and give out action points to people in the meetings.
- The role requires someone who has a good overall understanding of how an Investment Bank works (i.e roles and responsibilities of each function) and be able to tailor communication accordingly
- The role holder must be capable of navigating a large, complex organisation and working cross asset classes and have a proven ability within a technology and data heavy front-to-back environment.
- Background in Investment Banking and Markets, with extensive knowledge of business control processes, effective management of the change life-cycle and experience of dealing with regulatory reporting requirements.
Management of Risk
- Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
Observation of Internal Controls
- Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
- Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.