Sme - Regulatory Reporting Middle Office - Tdq

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HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

**Role Purpose**

The Regulatory Middle Office is a risk and control function within the Global Markets Middle Office, and are primarily responsible for ensuring HSBC’s ETD & OTC Derivative Trade Reporting to Global Regulators is complete, accurate and timely in all cases. It is a Global, cross-asset-class function that works closely with front-to-back stakeholders to ensure key controls are in place and adequate in mitigating or identifying regulatory issues/breaches, to reduce HSBC’s overall regulatory risk. The team are considered the ‘Control Owners’ for ETD & OTCD Trade Reporting, and are responsible for evaluating daily reporting submissions, monitoring trade reporting exceptions and reconciliations, managing Linking and Matching activities, performing manual uploads to the Trade Repositories (where needed), identifying trade reporting defects, implementing mitigating / identification controls (where possible), ensuring timely escalation of all identified issues and reinforcing a culture of regulatory awareness across front-to-back functions in line with the Global Regulatory Control Framework. Through chairing comprehensive Governance, the team are also responsible for ensuring appropriate communication to, and accountability / ownership from various functions in the management and resolution of identified reporting issues.

The role will have responsibility for:

- Working with the Regulatory Middle Office function globally to identify, escalate and potentially remediate issues and reporting defects
- Assist in the generation of periodic and ad-hoc Regulatory Reporting management information metrics
- Delivering Global Control Framework activities for HSBC’s Global OTCD Trade Reporting Obligations
- Interacting with Offshore / Onshore colleagues as part of daily controls
- Producing regional Trade Reporting Governance packs for presentation to front-to-back stakeholders
- Understand HSBC’s Global Regulatory Obligations, System Infrastructure & Reporting Mechanisms as well as OTC Derivative Products and the OTCD Market, and utilise this knowledge to identify reporting or operational inefficiencies and drive improvement
- Maintain comprehensive tracking of open reporting issues and defects
- Use acquired knowledge to identify and mitigate new reporting issues
- Process all stakeholder (internal and external) requests/queries in timely and accurate manner

**Principal Accountabilities: Key activities and decision making areas**

**Impact on the Business**

Objectives
- Help create & maintain a strong control environment where regulatory issues are identified / remediated in a timely manner
- Provide oversight and monitoring of complete, accurate and timely reporting
- Directly manage the trade reporting processes relating to changes in new and existing reporting requirements -covering HKMA, CFTC, MAS, ASIC, CSA, EMIR & SFTR
- Assist in build out and execution of robust controls in line with the GM Control Framework
- Support the MO Quality Assurance model by way of execution or validation

**Typical KPIs and Targets**

**Responsibilities**:

- Monitor daily regulatory controls/booking reports, take remedial action where appropriate and record metrics
- Check Trade Repository reports daily, escalate issues, take remedial action where appropriate and record metrics
- Provide support to the daily reconciliations between the trading systems and the Trade Repository
- Work with technology teams to help determine root cause of issues
- Be able to understand and explain the technical infrastructure that supports regulatory reporting and suggest improvements
- Regular communication and interactions with the global team

**Customers / Stakeholders**
- Trading and Sales
- Business Management
- GM Management Office
- Regional COOs
- Compliance
- Operations
- Production Support

**Typical KPIs and Targets**
- Feedback from stakeholders & successful implementation of the TDQ function within GM Middle Office.
- Be recognised as a critical function and stakeholder in supporting and controlling the business and IT functions
- Monthly KRI/KPI reports for appropriate governance and oversight of controls and processes
- Regular 1 2 1’s with key stakeholders

**Leadership & Teamwork**
- Ability to clearly articulate issues and requirements with trading and sales staff and other supp