Apply on Employer Site

Barclays Investment Bank · 15 hours ago

Broker Dealer Regulatory Reporting VP

Building 300-115 South Jefferson Rd Campus, Whippany

Full-time

Onsite

Senior Level

$150K/yr - $210K/yr

Barclays Investment Bank is seeking a Broker Dealer Regulatory Reporting VP to oversee regulatory reporting compliance and mitigate reporting risks. This role involves preparing regulatory reports, managing internal controls, and liaising with regulatory bodies while ensuring adherence to laws and regulations.

BankingFinancial Services

Responsibilities

Identification and assessment of prudential regulatory reporting risks arising from the bank's activities, products, and services. Development and implementation of strategies to mitigate prudential regulatory reporting risks, ensuring compliance with all applicable laws, regulations, and internal control policies, and conduct regular compliance reviews and audits to identify and address potential compliance gaps or violations

Assessment of the effectiveness of the bank’s internal control processes and governance framework, including addressing any weaknesses or gaps that could lead to regulatory reporting non-compliance, and implementation of measures to strengthen internal controls

Preparation and submission of regulatory reports to authorities, and provision of support to other departments in their preparation and review of regulatory reports

Analysis and presentation of regulatory data to provide insights into business performance, identify trends, and support decision-making

Development and implementation of training programmes to educate employees on regulatory requirements and compliance responsibilities

Communication and liaising with regulatory bodies, prompt responses to inquiries and provision of requested information, and representation of the bank in meetings with regulators

Management of the selection, implementation, and maintenance of regulatory reporting systems and software applications, including collaboration with IT colleagues to integrate regulatory reporting systems with other enterprise systems

To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures

If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements

If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others

OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions

Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment

Manage and mitigate risks through assessment, in support of the control and governance agenda

Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does

Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business

Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies

Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions

Adopt and include the outcomes of extensive research in problem solving processes

Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes

Qualification

SEC/FINRA Regulatory Reporting15c3-1 Net Capital CalculationOperational Records UnderstandingRegulatory Reporting ExperienceAnalytical AptitudeChange ManagementAttention to DetailRelationship BuildingStrategic Thinking

Required

Expertise in SEC/FINRA Broker Dealer Regulatory Reporting, including performing and overseeing the 15c3-1 Net Capital calculation process

Understanding of the Operational records and settlement mechanics of a broker dealer

The ability to independently execute tasks, challenge, and escalate issues where needed

Attention to detail and ability to present to key stakeholders including senior management and regulators

Developing, implementing, and maintaining effective controls that ensure process integrity and compliance

Preferred

Experience in other areas of regulatory reporting including CFTC segregation requirements, SEC Rule 15c3-3 Customer Reserve, and the Possession or Control Requirements

Detail oriented and analytical aptitude - ability to work efficiently with advanced spreadsheets and solve problems with minimal guidance

Ability to build relationships across teams – Operations, Product Control, Regulatory Reporting, Compliance, etc

Benefits

Medical, dental and vision coverage

401(k)

Life insurance

Other paid leave for qualifying circumstances

Incentive award

Company

Barclays Investment Bank

Barclays Investment Bank offers large corporate clients with strategic advisory, financing, and risk management solutions. It is a sub-organization of Barclays Corporate Banking.

Founded in 1997