Head of Regulatory Reporting and Reconciliations


 London - Great Britain       Permanent contract        Other job functions

Responsibilities

Description of the business line or department

  • KH Operations comprises of the following areas –

Banking and Payment Operations, Credit Administration, Fees and Billing; Securities Operations – Settlements, Corporate Actions, Transfers

Middle Office - Operational controls and regulatory reporting, Client Reporting and Static data, and Reconciliations.

  • Business Management - Relationship Management and oversight of 3rd Party Suppliers where Operations is the lead stakeholder,
  • Operational Projects, End to End Process continual improvements
  • Core system custodian – re-certifications, User Acceptance Testing and Subject Matter Expertise
  • The KH Private Banking Regulatory Reporting and Reconciliations comprises two teams:
  • Regulatory Reporting

  • Reconciliations

    Summary of the key purposes of the role

  • Day to day management of the Middle Office operational activities covering Regulatory Reporting

and Reconciliations.

  • To support daily client transaction controls and reconciliations ensuring system and valuation including various investment and banking products. 
  • To comply with Regulators requirements in terms of Client Asset Reporting (CASS), Transaction Reporting (as per MIFID2 and EMIR), Banking and Credit Reporting (PSD0X).
  • To manage all the day to day functions within Regulatory Reporting and Reconciliations and to ensure they are run efficiently and that all the Bank’s policies and procedures are followed correctly. To provide the Group Head of Operations/ Deputy with operational support.
  • To facilitate communication with Front Office and ensure information is produced and circulated as necessary
  • To ensure compliance with regulatory requirements and Group policy in Operation activities
  • To maintain the Group Middle Office common guidelines, methodology and procedures manual

Key responsibilities

  • Business development

  • Assist with projects where required by participating to meetings, contributing to business requirements

  • Update Regulatory Reporting and Reconciliations procedures after implementation of regulatory changes.

  • Ensure accuracy and consistency of MI produced by both teams and identify any action plan, task force, budget needs.

  • Actively lead the enhancement and automation of both teams’ workflows whilst maintaining resilient capabilities in operational risk at all times.

  • Operational Risk & Regulatory Responsibilities

  • Raise awareness of Group Head of Operations to any potential financial or technical operational risk issues, and to any other potential failure of critical factors impacting the Private Banking Regulatory Reporting and Reconciliations activities.

  • Alert the Group COO, Group Head of Operations/Deputy and Group Head of Risk and Compliance of any unusual events detected during Private Banking activities.

  • Responsibility for managing, controlling, preparing and escalating risk within dedicated scope.

  • Ensure timely intervention when breaches occur and analysis of root causes to avoid repeated issues.

  • Comply with all regulatory requirements from all regulatory bodies that are applicable to Regulatory Reporting and Reconciliations: MIFID 2, EMIR, CSDR, GDPR, and CASS.

  • Improving Conduct Risk framework and ensuring that actions deriving from conduct risk management information are taken forward

  • Have a key role in permanent supervision for Regulatory Reporting and Reconciliations.

  • Assist Group Head of Operations and Deputy with follow up of Audit, Inspection points assigned to Regulatory Reporting and Reconciliations.

  • Organisation and governance

  • Drive effective governance model; establishing clear roles and responsibilities, approval processes, escalation points, and full transparency

  • Review the organization's long term goals and assessing how the current state design (people, processes/delivery model, technology) is organized to deliver upon those goals.

  • Resource Management

  • Handling of sensitive issues

  • Responsible for liaising with Business Line Head and HR in relation to compensation, promotions and staff development

  • Ensuring all teams are appropriately managed and adequately supervised and controlled.

  • Managing business line staff (recruitment training, career management, compensation) in coordination with regional partners.

  • Development of staff (i.e. having a growth plan, filling in products gaps, upgrading as necessary)

  • Ensuring job descriptions exist, individual appraisals are carried out and objectives are in place

  • Ensuring appropriate resources are adequately utilised

  • Conduct annual appraisals and objective setting for managers.

  • Cooperation with other departments

  • Develop and maintain strong working relationships at all levels of the organization

  • Establish proactive partnerships with other key stakeholders, including, but not exclusively Risk,  Compliance, Front Office and IT to support service development initiatives.

  • Other expectations

  • Embody Code of Conduct and behavioural competency

  • Promote a culture of high performance, collaboration, innovation and commitment to community impact

All our positions are open to people with disabilities

Profile Required

Competencies

  • Manager competencies as defined in the SG Leadership Model
  • Banking experience within Operations
  • Communication
  • Negotiation
  • Knowledge of SGH systems & processes
  • Knowledge of regulatory requirements affecting Middle Office activity
  • Knowledge of SGH policy & procedure
  • Training & people development
  • Production of management information
  • Monitoring


Why Join Us

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Societe Generale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment


Business Insight

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.


Job code: 19000J70
Business unit: Kleinwort Hambros
Starting date: Immediate
Date of publication: 19/08/2019
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Head of Regulatory Reporting and Reconciliations

Permanent contract   |   London - Great Britain   |   Other job functions