VP/AVP, Reseach & Regulation (Trade Reporting)

Responsibilities

• Provide assurance on regulatory compliance, accuracy, and completeness over DTCC reporting by performing independent validation of report submissions (frequency to be aligned to QA policies if any e.g. monthly, quarterly).
• Detect anomalies if any across (sub)asset classes and lifecycle events.
• By performing validation checks (sampled over several days to reconcile across multiple lifecycle events), candidate will:
• Perform process reviews on the reporting process i.e. review if controls are properly designed to mitigate the specific risk identified in the reporting process and checks for documentation / formalization by 1LOD.
• Check if controls are carried out effectively i.e. being performed properly as described / documented.
• Trace sample trades in source system to reporting system to confirm mapping is in accordance with regulatory expectation.
• Review the timeliness of submissions.
• Temporarily support the advice to relevant stakeholders when corresponding with MAS on submission matters; support the definition of reporting requirements and changes to business requirement documents (these primarily will be assumed by 1LOD function once ready).

Requirements

• Commercial experience in wholesale bank / full bank.
• Prior experience in audit exposure over DTCC reporting will be advantageous.
• Prior experience in regulatory reporting in DTCC will be considered.
• University degree in Accountancy or Chartered Accountancy, MAS regulatory reporting exposure.