Regulatory Client Classification - Associate - Associate
About The Position
As part of the Operations Reference Data Services (ORDS) Regulatory team, you will be responsible for understanding and monitoring various US Regulations as well as tactical and strategic analysis and remediation of Regulatory accounts impacting clients eligible for specific US Regulations. You’ll support and contribute to daily monitoring and control reporting for various US Regulations along with being part of a team that works in close partnership with various stakeholders such as Compliance, Legal and the Client Lifecycle Management (CLM) on-boarding teams. By engaging with many colleagues in various divisions of Deutsche Bank in the US and across the globe you will make a positive impact on the Bank’s regulatory reporting performance.
Requirements
- Motivated and self-starter is a must
- Ability to think not only in black and white but also be able to think analytically in grey areas by utilizing resources at hand (i.e., KOP, reading through regulations etc.)
- Ability to work in a non-structured environment, knowing what task the next priority is without being told
- Knowledge/exposure of US regulations within an operational or control department within a banking environment, or within a similar operational regulatory function
- Knowledge and/or experience in a financial institution
- Understanding of the workings of an investment bank and the lifecycle of a trade is a plus
- Knowledge of Client Onboarding and Regulators is a plus
- Knowledge of MS suite of products, including the ability to use basic Excel functions such as pivot tables, VLOOKUPs, etc
- Competent business user of MS products and Outlook
- Internet liberate to enable online searches
- Must know MS Excel
Nice To Haves
- Knowledge of Markit ISDA Amend is a plus
- Knowledge of Reference Data Systems and Regulations along with product and end-to-end system knowledge is a plus
Responsibilities
- Fully understand and be able to provide knowledge ownership of US regulations, such as, Commodity Futures Trading Commission Dodd Frank, Securities and Exchange Commission Swap Based Securities Dodd Frank, Volcker, Reg W, FINRA 2111, FINRA 4210, Reg D/QIBs, Foreign Bank Certificates, 15a6 and Reg O Business Management etc
- Work with Compliance and Legal on exception and/or escalations cases and see them through to completion
- Review and Quality Assurance sample of Run-the-Bank (RTB) cases to ensure regulations are being implemented correctly
- Management of daily control reports which includes working with offshore teams to investigate and analyse the exceptions, identify remediation steps, and follow up with internal or external stakeholders until exceptions are resolved
- Responsible for creating and/or updating Key Operating Procedures (KOP) and incorporating new regulatory changes as needed
- Work with Client Onboarding (COB) team members when exceptions are identified to see through resolution and training of COB team members for any new regulatory changes
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
