Assistant Vice President – Regulatory Operations

Job description

Being a n Assistant Vice President, Regulatory Operations at Delta Capita Report Hub means owning the reporting day for the clients who depend on you. When reporting fails, you establish the cause, decide the course of action, and set it out for the client with evidence. Regulatory accountability remains with the client throughout; we perform delegated operational activities on their behalf, and understanding that distinction is central to the role. The Impact You Will Have in This Role You will run the daily reporting cycle for managed services clients across regimes including CFTC, EMIR, MiFIR / MIFID II, SFTR, ASIC, MAS and HKMA, covering receipt of client data through to trade repository acknowledgement and on through the post-reporting assurance controls. The service is expanding, so you will design and embed controls that are not yet in place as well as operate those that are. Hours are aligned to European reporting deadlines, working alongside colleagues in the UK and EU. Your Primary Responsibilities • Daily Reporting Operations ◦ Own the end-to-end cycle for assigned clients across trade, collateral and valuation messages, assuring completeness, accuracy and timeliness against regulatory deadlines. ◦ Monitor rejections at each level of validation and reconcile records at each stage to identify where they leave the reporting population; an exception is not closed until the acknowledgement confirms it. • Root Cause and Attribution ◦ Establish and evidence the root cause of every exception, attributing it to client data quality or to platform transformation and logic, and escalate the same day where the cause genuinely cannot be established. ◦ Remediate within pre-agreed parameters, refer the underlying issue to the client for correction at source, and pursue permanent resolution in preference to recurring workaround. • Post-Reporting Assurance (where applicable) ◦ Operate the completeness, accuracy and timeliness reconciliations between client books and records and the trade repository or ARM, and triage breaks through to resubmission. ◦ Operate pairing and matching monitoring, determining whether the fault lies with our processing or the client’s counterparty and liaising with that counterparty to agree the position. ◦ Analyse exceptions against materiality thresholds, quantifying affected populations by asset class and the period undetected, and prepare breach and errors and omissions documentation for client approval; the notification to the regulator is made by the client. ◦ Own back reporting where a historical population is identified: scope, test, submit and reconcile the outcome. • Control Design and Governance ◦ Design, document and implement controls where none currently exist, including materiality thresholds by jurisdiction and controls over collateral, valuations, early terminations and eligibility. ◦ Establish quality assurance and data quality testing over transformation and derived fields, retaining evidence sufficient for audit, client assurance and regulatory requests. ◦ Act as approver on changes to reported data, submit your own for approval in turn, and escalate on the defined triggers. ◦ Issue management information across the daily, monthly and quarterly cadence, including the monthly delegated reporting counterparty report, and contribute to client governance forums and risk and control self-assessment. • Regulatory Change ◦ Escalate questions of regulatory interpretation for determination, holding affected reports until guidance is received, and document the outcome as precedent. ◦ Support client onboarding, regime go-lives and changes to reporting scope, and coach junior colleagues. Qualifications • 6 to 12 years’ experience in trade and transaction reporting operations at a bank, broker-dealer, asset manager or reporting vendor, with demonstrable ownership of a live reporting queue. • Bachelor’s degree preferred or equivalent experience. Talents Needed for Success • Working knowledge of at least two of CFTC, EMIR, MiFIR / MIFID II, SFTR, ASIC, MAS or HKMA, with the ability to reason about reportable fields, validation rules and lifecycle events. • Sound knowledge of OTC and exchange-traded derivatives across trade, collateral and valuation reporting. • Experience designing and documenting operational controls, not solely operating controls designed by others. • Experience of books and records reconciliation to a trade repository or ARM, and of pairing and matching breaks. • Trade repository experience, DTCC GTR or equivalent, including acknowledgement handling. • The judgement to escalate an unresolved question rather than close it on assumption, and to hold a report where the regulatory treatment is uncertain. • Understanding of the delegated service model and the distinction between operational responsibility and regulatory accountability. • Strong technical aptitude with the ability to understand system behaviour, data flows, and integration concepts without requiring hands-on development experience. • Strong Excel, and the ability to translate technical detail into clear client-facing and executive summaries. Also Valuable • Alteryx, Power BI or Tableau. • Experience preparing breach notifications or supporting audit and regulatory information requests. • Managed services or outsourced reporting delivery experience. Working Pattern EU shift: 09:00–17:00 UTC, Monday to Friday, which is 14:30–22:30 IST. [To be confirmed: on-call, weekend and public holiday expectations] What We Offer • Ownership of the full reporting cycle for named institutional clients, not a segment of a large process. • Exposure across multiple reporting regimes, and the opportunity to build controls rather than only operate them. • Training in the technical side of regulatory reporting. • A visible route into senior operational and client-facing roles as the India team grows. How We Work: Delta Capita is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, colour, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. If you require any reasonable adjustments through your interview process, please use the designated space within the application questionnaire. This is a permanent, full-time position located in Bangalore with hybrid working. As the selection and interview process is ongoing, please submit your application in English as soon as possible, if your profile is selected, a member of our team will contact you within 4 weeks. Who We Are: Delta Capita Group (a member of the Prytek Group) is a global managed services, consulting and solutions provider with a unique combination of experience in Financial Services and technology innovation capability. Our mission is to reinvent the financial services value chain providing technology based mutualized services for financial institutions for non-differentiating services. Our 3 offerings are: · Managed Services · Consulting & Solutions · Technology To know more about Delta Capita and our culture click here: Working at DC - Delta Capita