Regulatory Reporting AVP

Recruiter
State Street.
Location
Hangzhou, China
Salary
Not disclosed
Posted
26 Sep 2022
Closes
30 Sep 2022
Ref
R-714349
Contract type
Permanent
Hours
Full time
Experience level
Manager

OVERVIEW:

We are seeking to recruit an enthusiastic regulatory reporting professional to join our team.

Your role as one of senior leads in Global Regulatory Reporting Service (GRRS) in Hangzhou PRC, is to drive strategy and design, adoption and fulfillment the transformation, and model next generation of FinReg operation model across all scoped regulatory reporting products. GRRS has footprint globally in Dublin, Princeton, Dragonhead and Hangzhou. You have to closely work with the operations team in above regions to support global footprint deployment and new business adoption. You also have to deeply get involved to evaluate system/application constraints, assist in IT roadmap design to sustain entire service to fit State Street data strategy and trending regulatory reporting industry.

Why this role is important to us

The team you will be joining is within State Street Global Delivery Financial and Regulatory Reporting (GD FRR). Global Delivery gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, helping our clients make better investment choices and act on growth opportunities.

Being part of Global Delivery, FRR provides reporting services including but not limited to financial statements, cyclical regulatory reports to our clients across APAC, EMEA and North America etc.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

RESPONSIBILITIES:

Managing Operations

  • Ensure timely and accurate production of regulatory reports to meet/exceed service delivery standards.
  • Review of regulatory calculations when necessary.
  • Ensure all personnel are appropriately selected and sufficiently trained to deliver quality services.
  • Evaluate staffing needs while continually striving for greater efficiencies.
  • Ensure all controls and procedures are adhered to as well as make improvements where necessary.
  • Manage the process of client migration, new business/clients onboarding.
  • Manage quality controls to ensure team can be compliant with contracted KPI and SLA.
  • Meets discrete goals within established criteria (i.e. timeliness, accuracy and productivity) and promote changes within the team to meet the same goals.
  • Foster an environment of innovation and transformation to drive changes for higher productivity and resilience
  • Participate in other special projects or tasks assigned to accelerate transition to full oversight model

Transformation and Innovation:

  • Strive to provide better straight through processing service to our clients, always seeking ways to improve and automate current processes
  • Foster an environment of learning and engaging to grow junior members and address employee concerns and sensitivities.
  • Open-minded to trending changes in regulatory reporting industry, vendor solutions and related-technologies and executive department/hub-level technical initiatives to boost productivity and simplify operations with lower risks
  • Partner with internal and external stakeholders to identify automation opportunities by analyzing processes and assessing feasibility for automation
  • Define and executive team technical strategies to keep the momentum of transformation and change
  • Understand the benefits and constraints of various transformative technologies and solutions and be able to engage and lead technical staff to work out automation and innovative projects

Staff Management

  • Conduct engagement activities to keep the team engaged.
  • Lead by example and support employee development and growth.
  • Coordinate performance planning including goal setting, regular feedback and performance appraisals.
  • Resolve employee complaints and escalations.

REQUIREMENTS:

This role requires strong communication, staff management and client serving skills as well relevant industry experience.

Skills/Knowledge

  • Strong verbal and written English communication skills are required including report writing skills.
  • Good interpersonal skills and ability to communicate effectively at all levels within the organization
  • Strong organizational and time management skills – ability to prioritise tasks and perform effectively within strict deadlines.
  • Proficient in the use of MS Office tools in particular MS Excel.
  • Ability to foster collaboration & team work
  • Confident in dealing with difficult situations and be able to create innovative solutions to problems without a high degree of supervision.

Education and Experience

  • Bachelor Degree or equivalent.
  • 8+ years working experience in information technology / accounting / financial / automation services related environment.
  • Proven successes in technical transformation, process automation, continuous service improvement.
  • Prior staff management experience. Experience in managing small teams and operations servicing multiple clients is preferred.
  • Strong client relationship experience preferred

For further information, and to apply, please visit our website via the “Apply” button below.

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