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Job ID2050
Job TitleBA Dodd Frank Compliance
Permanent/Contract Contract
Travel (%)0
Date Posted 7/21/2020
State/Province ON
Job Description A bank in Downtown Toronto is seeking a Senior Business Analyst for a 6 month contract. An asset to GBM and all stakeholders within GBM, the incumbent is responsible for leading in the development and delivery of quality assurance standards by GBM’s OTC Derivatives onboarding groups, supporting ad-hoc and regular Quality Assurance testing to assess the adequacy, adherence, and effectiveness of Regulatory Onboarding Policies and Procedures, and ensuring regulatory onboarding controls are being appropriately executed in GBM jurisdictions. Under the guidance of the Director, Derivatives Onboarding, the incumbent will provide guidance to the division on how the changing regulatory landscape will impact our approach to client onboarding controls and the ongoing management/reporting of KPIs. Internal Control Development and Delivery Development and review of qualitative and risk-based Quality Assurance by testing and evaluating key control points of a sample selection and develop testing results in accordance with GBM Regulatory Onboarding QA Procedures. The reviews will require good knowledge of Regulatory Onboarding Policies and Procedures. o Oversight and review of regulatory onboarding procedures that impact GBM business trading activity (Dodd-Frank, EMIR, Canadian Trade Reporting) o Produce and report on Regulatory Onboarding 1st business line metrics and key risk and performance indicators o Develop appropriate corrective action and preventive actions plans. These will be in their entirely Regulatory Onboarding related, and require good knowledge GBM-wide Regulatory Onboarding controls and procedures o Develop periodic Regulatory Onboarding QA reporting of findings and progress against remediation objectives to management and other key stakeholders o Develop Regulatory Onboarding QA and KPIs to ensure timely delivery of Regulatory Onboarding QA reporting to Senior Management and 2nd Line stakeholders o Develop of training, where appropriate, based on Regulatory Onboarding QA results and progress of corrective actions o Delive future Regulatory Onboarding QA program phases due to changes in the regulatory landscape, system/process enhancements or updates o Support 1B QA teams to perform analysis to identify and address patterns, themes, or trends that indicate potential weaknesses or gaps in the execution of GBM-wide Regulatory Onboarding controls and procedures Relationship Management o Developing and maintaining key relationships with GBM Execution Teams and second line of Defence (i.e. global derivatives compliance teams, GBM Internal Controls stakeholders) o Interact with and global procedure owner(s) on procedure details, provision of advice on any regulatory changes that may impact GBM processes. The incumbent is adept at both providing the division with strategic analysis of a multitude of regulatory regimes as well as developing and executing both strategic and tactical changes necessary to ensure clients are onboarded globally in accordance with changing regulations and in a manner that provides a superior client experience.
Job Requirements Required knowledge, skills and experience: • This is not a Technology role. This is a regulatory role, requiring a regulatory or compliance background • Requires knowledge of Dodd-Frank • Requires knowledge of capital markets and derivatives • Excellent communication skills allowing the contractor to interact with internal stakeholders (i.e. 8/10, 9/10, 10/10) • Experience in analyzing controls, building controls, drafting frameworks/procedures, developing training • Some experience in data but more for qualitative analysis. • Additional bonus skills: o Bachelor’s degree in business administration, finance, law, or equivalent work experience o Depending on the work stream, experience in Operational Risk or Compliance o In addition, experience in OTC Derivative trading activities and regulatory requirements. o Minimum of 6 years in financial services, consulting, operational risk and/or compliance o Prior experience leading teams a plus. o Prior experience in examinations/auditing roles, Quality Assurance, and an understanding of testing methodology and risk and controls analysis an asset. o In addition:  An understanding of compliance and testing best practices  Familiarity with OTC Derivative products offered in GBM  Strong analytical, investigative, reporting, and planning skills  Outstanding written and spoken communication abilities  Excellent teamwork, and interpersonal skills  Highly organized and capable of dealing with complex projects  Ability to manage multiple projects concurrently
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