Business Control Analyst (12 month Maternity cover) Business Control Analyst (12 month Maternity  …

Natixis UK
in London, United Kingdom
Permanent, Full time
Last application, 24 Nov 21
Negotiable
Natixis UK
in London, United Kingdom
Permanent, Full time
Last application, 24 Nov 21
Negotiable
Overall purpose of the role: Manage the production controls for Global Markets Commodities booked transactions as well as specific regulatory controls for the London Third Country Branch, whilst adhering to Natixis internal policies and regulatory requirements framing the business activity.

Welcome to Natixis

At Natixis, we create tailor-made solutions in Asset & Wealth management, Corporate and Investment banking, Insurance, and payments, with over 16,000 staff members in 38 countries. At Natixis, you have a great opportunity to join an entrepreneurial, agile and growing organisation, and to be part of an inspiring team.

Main responsibilities:

  • Provide hands-on ownership in the day-to-day running flow of production; strive for excellence in the operational processes
  • Promote a strong and reactive performance culture within the GMC & London Branch control chain
  • Develop strong relationships with the GMC business line and London Branch stakeholders
  • Communicate efficiently and adequately to transversal departments and downstream chain
  • Support new business line requirments and business initiatives; apply problem solving skills and agile contribution to the development of new solutions for daily production cotrols
  • Participate and propose reinforcement of ad-hoc controls and reconciliations that should be in place across the GMC chain, with a strong focus in mitigating the operational risk factor
  • Ensure a good level of knowledge of the complete lifecycle of trades. Communicate as well as coordinate with appropriate teams across the lifecycle stakeholders
  • Analyze, challenge, report and escalate appropriately potential issues. Mitigate operational risks

Daily Production:

  • Ensure T+1 production controls suite are performed, analysed and commented
  • Ensure Electronic platform reconciliations have been delivered and analysed, and exceptions adressed
  • Ensure Internal systems reconciliations have been delivered and analysed, and exceptions adressed
  • Perform controls on daily regulatory & Market reportings requirements for GMC and the London Branch. These encompass the following controls, but not limited to as the scope evolves for the London Branch in a post Brexit environment:
  • Dodd -Frank controls
  • Large Trader Report Controls and submission of forms
  • Mifid controls - Position and Post Trade Transaparency
  • LBMA
  • Exchange Position limits
  • Brexit - Geographical Customer location control
  • Onboard any new control on a post Brexit FCA requirement
  • Ensure statitc data enrichment in the FO system have been performed in line with procedures in place for counterparties, brokers, clearers, warehouses
  • Enrich market, broker and warehouse fees in the Front Office system with gap analysis of potential p&l impacts
  • Define and perform periodic reviews and controls of the static data sets mentioned above
  • Centralise set of KPI's in relation to the GMC activity and produce monthly reports to managment and Business Management
  • Produce set of KRI's to Operational Risk department
  • Centralise all operational risks where GMO is impacted for follow up, report to Head Office GMO Business Management

Leadership:

  • Ensure cover is available and business requirements are met, with correct back up
  • Ensure cross training with designated backup ensuring level of knowledge is adequate

Cross functional:

  • Provide expertise and support; liaise with relevant BA teams.
  • Participate in UAT's impacting covered areas when required

Understand derivatives products and control-oriented processes
Excellent attention to detail
Strong knowledge of trade processes and trade lifecycle
Capacity to challenge and improve processes / systems
Various asset classes & Commodities knowledge a plus

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