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The Royal Bank of Scotland is offering to join the Trade & Transaction Reporting: Business Control team in London!

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Post time07:25 17-06-2014
(Post updated by Express2014 07:34 17-06-2014)

Job Ref: 10250 Location: London, Greater London, United Kingdom Category: Risk & Compliance Employment Type: Full-Time Brand: Markets&International Banking The Requirements Role/ Team Summary: The Trade & Transaction Reporting group is responsible for governance and oversight of reporting processes, is responsible for the oversight of daily reporting processes and the associated control framework, conducting assurance testing of key controls, and centrally coordinating change management and strategic initiatives. The role is within the Business Control team, which is responsible for oversight of the daily reporting processes, working with groups across Operations, the Transaction Management Group (TMG), Compliance, and Operational Risk, among others. This involves risk management in a BAU environment, exception management oversight, documenting and maintaining of trade flows with reconciliation to reporting rules with Compliance input, and planning of Business Continuity Management for the wider T&T group. The group's remit includes MiFID, EMIR, Dodd Frank reporting, as well as various other transaction and trade reporting processes. The team also provides management information on reporting processes to stakeholders and senior management, to ensure visibility of volumes, trends and issues with regulatory reporting. The successful candidate will have a strong background in Investment Banking environment and products, with experience of operational processes, and risk assessment and management. They will also need to be able to coordinate across a diverse range of groups and gain stakeholder buy-in, and have the drive to create a culture of regulatory controls and awareness, to ensure that regulatory risks are understood with an appropriate framework of controls in place to evidence compliance with the relevant regulations. RBS expects all staff to be aware of and responsible for the following areas: Conduct Risk: To be accountable for ensuring you understand, uphold and promote the Conduct Risk standard pillars: Employee Conduct Corporate Conduct Market Conduct Conduct Towards our Customers Supervisory Culture: Supervise direct reports and their activities effectively, including effective record keeping and documentation of key people issues. Ensure direct reports and management teams are competent and have clearly defined responsibilities, both collectively and individually in line with the five pillars of supervision excellence: Tell employees what their jobs are Tell them how to do their jobs Show them how to do their jobs Test that they have done their jobs properly Incentivise for the job they have done Performance Management: Comply with HR performance processes by setting objectives for all direct reports and conducting mid/full year performance reviews. Training and Career Development Our aim is that everyone working in Markets Operations has the opportunity to achieve their full potential in their careers with RBS. The Markets Operations Academy is a key mechanism in supporting this. The Academy is a one-stop shop for Operations employees to access all the training and development tools and materials required to support performance in their current role as well as to support their longer term development. It is a market-leading facility which recognises our desire to invest in the future of our employees. Essential Experience: It is essential that candidates are able to demonstrate previous experience in the following areas: Business skills A broad understanding of the business of Investment Banking, the financial services industry and how risks arise and are managed within the industry Front-to-back awareness of processes within an investment bank (from sales to back office) A deep understanding of and experience around risks and control processes in Operations within the financial industry Understanding of impact of regulatory processes on operational support functions Knowledge of trade / transaction reporting processes Knowledge of investment banking products Ability to work in a fast paced environment Control, risk management skills Awareness of the regulatory environment Personal skills Excellent at communicating with different levels of staff in an organisation and tailoring communication to have maximum effect on the audience. Experience of line and stakeholder management Technology skills Experience in analysing and documenting system and trade flows Strong Excel Analytical skills Strong Word and PowerPoint skills Supplementary Experience: The following previous experience is considered highly desirable: Knowledge of regulatory reporting processes (including MiFID, EMIR, Dodd Frank) is beneficial but not essential Knowledge of trade reporting processes also useful Understanding of all major functions in an Investment Bank, although in-depth experience not required Excellent communication skills and ability to interact effectively at all levels across Operations, TMG, Compliance and Operational Risk Experience of interaction with regulatory bodies (FSA, AFM, etc.), and Approved Reporting Mechanisms (Xtrakter, Crest, LSE, etc.) Operations line experience - e.g. trade support, settlements, reconciliations, regulatory or risk management General industry experience and exposure gained through working with or in key industry utilities or regulators; having a good understanding of what constitutes "best practice" and how it can be applied within RBS Markets Personal Attributes: Self motivated with strong interpersonal skills Personable, team player Ability to identify talent, and provide coaching Clear, context-specific communication style verbal, written and presentation. Flexible, with the ability to multitask Able to work under pressure and meet deadlines Attention to accuracy Demonstrable experience in engaging Senior Stakeholders and Sponsors. Diligence and attention to detail. Strong personal ownership and ability to analyse, diagnose and drive problem resolution. Flexible, adaptive and proactive work style. Strong relationship building skills, ability to navigate large organisations. Demonstrates drive, commitment and ownership for outcomes. Qualifications What training or qualifications are required for the role? Desirable: Degree level Professional qualification Please, apply here: