Associate - OTC Regulatory Reconciliation and

2 months ago


Sydney, Australia Commonwealth Bank of Australia Full time

Associate - OTC Regulatory Reconciliation and Reporting (8 Month Max Term)

**Do Work That Matters.**
CommBank's Market Operations business is looking for an Associate to join our OTC Regulatory Reconciliations and Reporting Operations team. This team is designed to provide extensive support for our Institutional Banking and Markets (IB&M) clients.

OTC Regulatory Operations team is responsible for performing a number of controls and processes relating to OTC Derivatives Trade Reporting, Portfolio Reconciliations, and other exception controls, ensuring multiple jurisdictional regulatory obligations are met or exceptions escalated appropriately in accordance with our operational risk profile.

**The Role.**
You will be responsible for trade reporting and exceptions management under various regulatory frameworks, covering global OTC derivatives, FX and Commodities. You will help grow and maintain our client base and work across initiatives and projects to drive improvement opportunities across the business.

You will help ensure the successful OTC trade submissions and performing reconciliations on a daily basis, investigating and resolving any discrepancies in a timely manner and reporting in accordance with both regulatory and internal policies.

You will partner with and collaborate with compliance, legal and various stakeholders across the group to improve our risk controls within our operational environment whilst maintaining a first class service and healthy working relationship.

This is a 8 month Max Term Contract or Secondment (for internals) opportunity ending 30th June 2025, which is a great way to upskill, meet new people in this industry and expand your existing skillset with CommBank.

**On any given day you will**:

- Daily reporting and reconciliation of total OTC transaction positions across various regulatory jurisdictions
- Exceptions management of trade submissions to various regulatory jurisdictions (including ASIC, EMIR, CFTC, HKMA, and more)
- Data analytics for workflow metrics for the team and continuous improvement with processes, keeping abreast of new regulatory requirements and market developments of trade reporting
- Strong understanding of risks, controls and daily reconciliations, ensuring all exceptions are followed up/resolved/escalated in a timely manner with adequate audit trails
- Management of various internal and external stakeholders
- Provide recommendations and ownership in the implementation of procedural workflow and business changes in light of business growth

**We're interested in hearing from people who have**:
Experience within global markets environment and will have some awareness and/or knowledge of global markets products and technology with a focus on derivative products and the Murex system. You will have developed skills across data analytics, using data to enhance decisions, continuous improvement projects and solutions for our stakeholders and clients.

**You will also have**:

- Comprehensive knowledge and experience of processing financial markets products and a thorough understanding of related risks
- Prior experience and understanding of the new regulatory rules on trade reporting and exceptions management
- AFMA Accreditation advantageous

**From here, the opportunities are endless**

At CommBank, we're committed to building a diverse and inclusive workforce reflecting the customers, businesses and communities we serve. As a value's driven organisation, we nurture and support our people, through focusing on skill and talent development, collaboration, flexibility and internal promotion. With service in mind at every touch point, we take accountability for the role we play in securing and enhancing the financial wellbeing of people, businesses and communities.

We support our people with the flexibility to balance where work is done with at least half their time each month connecting in office. We also have many other flexible working options available including changing start and finish times, part-time arrangements and job share to name a few. Talk to us about how these arrangements might work in the role you're interested in

We're aware of some accessibility issues on this site, particularly for screen reader users. We want to make finding your dream job as easy as possible, so if you require additional support please contact HR Direct on 1800 989 696.

Advertising End Date: 11/10/2024

Job ID REQ220176



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