Regulatory Reporting - Quality Management Senior Analyst

Job description

**Job Summary:** We are seeking a highly skilled and experienced professional to be part of the Quality Management Team in Wealth Operations, specifically focusing on Non-Financial Regulatory Reporting. This role involves executing and managing the Quality Management framework for Non-Financial Regulatory Reporting activities across multiple jurisdictions, ensuring compliance with diverse and complex regulations. This role will contribute to managing the integrity and accuracy of information across a broad range of wealth management products and client portfolios. The ideal candidate will possess a solid understanding of global Non-Financial Regulatory Reporting requirements, a keen understanding of the intricacies of wealth management, and the ability to operate effectively within a robust QA framework. **Key Responsibilities:** - Quality Management Execution: - Execute and manage all activities for Quality Management for various Non-Financial Regulatory Reporting submissions. - Design and/or perform sample testing to ensure accurate preparation and timely regulatory reports in compliance with relevant guidelines and authorities. - Perform comprehensive data reconciliation and validation to ensure the integrity of regulatory data. - Contribute to the oversight of Quality Management for regulatory reporting activities, ensuring adherence to submission deadlines and accuracy standards. - Regulatory Compliance: - Actively participate in the analysis and implementation of minor regulatory changes. - Support the interpretation, assessment, and implementation of complex new or revised regulatory requirements, providing input and escalating appropriately. - Support in managing responses to queries from Financial Authorities and internal control assessments (e.g., MCA framework) specifically related to regulatory reporting. - Identify potential discrepancies or issues in regulatory reporting and escalate them appropriately. - Contribute to the development, maintenance, and enhancement of the risk and control framework for regulatory reporting processes. - Stay abreast of evolving global regulatory requirements, Citi policies, standards and adapt the QA framework to meet new compliance standards, especially those impacting wealth management products. - Stakeholder Collaboration & Communication: - Collaborate effectively with internal stakeholders (e.g., Corporate Tax, ICRM, Legal, Business Units) and external regulatory bodies as required. - Work with compliance, risk, legal, operations, technology, product owners, report owners, Enterprise data & regulatory reporting, and banking teams to address QA issues, develop remediation plans, and drive continuous improvement initiatives specific to Wealth Management. - Team Contribution & Support: - Provide guidance and support to junior team members as needed. - Support internal and external audit engagements, coordinating documentation and explanations. - Communicate with regulators as required, co-ordinate back reporting/replays if necessary. - Process Improvement & Automation: - Contribute to process improvement and automation initiatives within the regulatory reporting function. - Identify and implement best practices to enhance the efficiency, accuracy, and consistency of regulatory reporting, considering the diverse range of products and services offered to global clients. - Monitor robust data quality metrics and controls to ensure the integrity of data used for regulatory reporting, from client data to complex product transactions. - Risk Assessment: - Conduct regular risk, self-assessments to identify gaps in existing QA processes, with a focus on mitigating compliance risks associated with diverse client portfolios and complex investment products. - Reporting & Analytics: - Support in developing and presenting comprehensive reports to senior management on the status of QA programs, key findings, and recommendations for improvement, highlighting areas of risk and strategic focus. **Required Skills & Expertise:** - Educational Background: Bachelor's or Master's degree in Finance, Business, Economics, or a related field. Advanced certifications (e.g., CFA, CPA, FRM) are desirable. - Professional Experience: - Proven working experience (typically 10+ years) in Quality Management for Non-Financial Regulatory Reporting within the financial services industry, with specific experience in Wealth Management. - Solid understanding of key regulatory frameworks and requirements (e.g., Dodd-Frank, EMIR, MiFID II, MAS, HKMA, Volker, Basel, local banking regulations) and the ability to interpret and apply regulatory requirements to Wealth Management products and services. - Working experience and knowledge on various Client Tax Reporting frameworks (e.g., FATCA, CRS, Relief at Source, Reclaim at Source) and indirect Tax regimes like GST, VAT, FTT will be a plus. - Experience in managing documentation for regulatory submissions and audit trails. - Technical Skills: - Proficiency in data analysis, manipulation, and reporting tools (e.g., advanced Excel, SQL, regulatory reporting platforms). - Proficiency in data analytics and QA tools; experience with automated QA testing frameworks is a plus. - Proficiency in reconciliation, advanced Excel functions, and automation tools. - Core Competencies: - Demonstrated ability to manage internal and external audits. - Strong understanding and experience with risk and control frameworks. - Strong analytical and problem-solving skills, with the ability to manage complex data sets, identify trends, and address issues within the context of wealth management client portfolios. - Excellent communication and interpersonal skills, with the ability to influence and collaborate with stakeholders at all levels. - Strong attention to detail and analytical skills. - Ability to work independently and collaboratively in a fast-paced environment. - Ability to navigate a fast-paced, complex environment with mul