Regulatory Reporting Supervisor-Vice President

Responsibilities

• Ensure capital and customer reserve exposure calculations are accurate and take action to reduce open issues related to operational and financing categories of the weekly customer reserve (SEA Rule 15c3-3) and capital charges (SEA Rule 15c3-1).
• Potential areas of concerns include Aged Fails, Stock Record & Depository breaks, Suspense, Repo/Reverse Repo and Stock Borrow/Loan Deficits, etc.
• Ensure the components of the customer protection process (SEC Rule 15C3-3) from an Operations perspective are valid. Mentioned components will include suspense, stock record and depot breaks, segregation breaks, etc.
• Analyze data for regulatory reporting obligations to US regulators, such as Short Interest and Portfolio Margining to FINRA, FR 2004 Federal Reserve Bank of NY and NCCBR reporting to Office of Financial Research (OFR).
• Maintain and develop regulatory knowledge to serve as a subject matter expert and central point of contact for operations regulatory advice and interact with regulators as needed to provide information and responses.
• Develop and maintain effective partnerships with all stakeholders on regulatory related issues.
• Manage, escalate, track and ensure resolution on issues that pose operational regulatory risk to the firm.
• Develop junior members of the team to become the future leaders of the organization since this role is a mix of individual contribution as well as direct supervision responsibilities.

Qualifications

• Undergraduate degree in business, finance, other related fields. Master’s degree is a plus.
• 6+ years of related experience in the banking industry.
• Material experience with operational risk disciplines; processes, risks and controls.
• Material knowledge required on financial product and services, as well as brokerage accounting.
• Strong leadership, and project management skills and ability to manage many competing priorities.
• Strong interpersonal skills and ability to communicate effectively in both oral and written form.
• Strong Analytical skills.
• Technical skills in various Microsoft Office Tools (i.e. Excel).
• Strong work ethic and highly motivated individual with outstanding record of professional achievement.