The bank for a changing world

Cross Asset Regulatory Reporting Officer (M/F)

Contract

Standard / Permanent

Location

PT-11-Lisbon

Job function

RISKS

Reference

16_074_REGREP

BNP Paribas is one of the euro zone’s leading banks, strongly positioned in its two core businesses - Retail Banking, Corporate & Institutional Banking - and present worldwide with nearly 141,500 employees in 30 European countries. In 2014, it was named one of the “Top European Employers”. BNP Paribas has more than 2000 employees in Portugal and is one of the largest foreign institutions in the country.

 

 

The scope of the Regulatory Reporting is wide and gradually expanding to all of Europe, encompassing regulatory and industry bodies reporting for all Fixed Income & ALMT and GECD products and activities, market initiatives, change management and representing BNP Paribas globally throughout a host of industry working groups and regulators. 

 

 

The team is heavily involved in ensuring BNP Paribas’s success by a constant monitoring of the evolution and the development of reporting requirements set by regulators and its controls framework.

 

 

Regulatory reporting is the regulator mean to undertake market surveillance. It allows the regulators to identify situations of potential market abuse, insider dealing, price misdirection.

Failure to report entirely or accurately can significantly limit the regulators ability to execute his market watch role resulting in severe consequences for the bank or employees. We must ensure accuracy, consistency and completeness of information sent to regulator to reflect the correct firm market activity.

 

 

To ensure completeness of our regulatory reporting obligations towards regulators such as CFTC, EMIR, MMSR, FCA, AMF… BNP need to reconcile population of trade deemed eligible to one or multi jurisdictions based on in-house reports versus DTCC– data repository- reports.

 

 

RESPONSIBILITIES

The Regulatory Reporting Officer will be responsible for:

Monitoring:

• Ensuring the accuracy, timeliness and exhaustiveness of the trade reporting by performing a close monitoring (in-house and external systems) of transactions reported

• Tackle for all jurisdictions operational rejections; analyse them and resubmit them when required

• Perform in depth analysis of issues to identify root cause (IT feed issue, incorrect populated field, incorrect reporting logic applied, among others) and escalate it to relevant teams (external or internal)

• Follow-up on fixes and their release, and provide update and MIS to management

• Daily upload Transaction Reporting

• Investigate breaks on intraday and End of day submission

• Monitor, investigate and resubmit rejection on different trade repositories

• Keep track of all open issues and follow up with IT until fix release

• Keeping procedures up to date

• Fill control plan on daily basis

• Maintaining effective working relationships with other locations (London, Paris and  HK  Regulatory Reporting teams) and teams (IT, project manager  and globally through daily interactions)

 

 

Reconciliation:

• On a daily basis tackle all jurisdictions discrepancies; internal orphans and dtcc orphans.

• Perform in depth analysis of breaks and discrepancies to identify root cause (IT feed issue, incorrect populated field, incorrect reporting logic applied…) and escalate it to relevant teams.

• Have a close follow up on fixes and their release.

• Provide update and MIS to management.

• Attend to Ops and IT meeting and workshops

• Keeping procedures up to date

• Fill control plan on daily basis


SKILLS

• Degree in Finance, Economy or Management (required); Master’s Degree is a plus

• Experience in Operations is a plus

• Knowledge of  financial products (Equities, Listed derivatives, Rates, FX, and/or  Credit) and of the trade life cycle is a plus

• Knowledge of Regulatory Transaction Reporting (CFTC,EMIR,FCA, AMF, JFSA, HKMA) is a plus

• Fluent in English

• French knowledge is a plus

• Strong Excel Skills and ability to work with heavy data files

• Excellent analytical skills to track IT issues

• Strong communications skills and able to  communicate to management in a clear and concise manner 

• Ability to prioritize workloads  and multi tasks

• Analytical skills

• Ability and will to learn

• Proactivity

 

Role Gains

The role gives the successful candidate the opportunity to gain experience in a booming regulatory reporting environment extremely complex, continuously changing and work with a wide variety of transversal teams. You will be required to be enthusiastic, dynamic, flexible, and focused on control, accuracy and maximising efficiency.