Group Ops Regulatory & Market Compliance Delivery Lead
In response to global financial regulatory reform, UBS Group Operations have mobilised a portfolio which will be responsible for overseeing the global delivery of all significant regulatory market-driven reform initiatives across the entire function.
For clarity, market-driven reform refers to changes mandated by market infrastructure which is used by UBS in the course of business (e.g. custodians, central clearing houses, payment infrastructure) which require industry participants to implement system and process changes to accommodate both maintenance upgrades and transformational change. From a regulatory standpoint, the portfolio includes all significant regulator-driven changes and will focus on those changes which require co-ordination across functions / product areas in Group Operations to deliver an effective outcome.
The Design Authority Lead role will be responsible for the running of the Portfolio Management Office function along with establishing and running a global Design Authority.
The role is London based, reporting into the Global Head of the Regulatory Market Compliance Portfolio. Key Responsibilities include:
Portfolio CTB Governance
- Create and maintain a single portfolio view of all significant regulatory and market-driven change initiatives and arrange for each function to provide regular updates on status and key risks. Establish and manage a regular process to review these initiatives and escalate significant risks and issues to the Group Operations Risk Committee and Management Committee
- With the understanding of the portfolio, establish processes to manage the funding of all initiatives in the portfolio, looking for opportunities to share solutions and resources to allow for greater efficiencies with scarce resources
- Establish and manage a standardised process for identifying and assessing all significant incoming regulatory and market-driven changes and that this is then shared across all Group Operations functions to establish common understanding but more importantly to ensure that projects are established at the right time with the appropriate funding to allow timely delivery
- Establish and manage a Design Authority to identify design and architecture related issues across the programmes and to recommend changes to programme approach to ensure that programmes are using common solutions where appropriate and are implementing regulatory changes whilst driving towards the emerging Group Operations target operating model
- Establish a new standardised framework in how the programmes document the changes they implement. According to emerging regulation programmes must be able to clearly trace through documentation how the changes being implemented map back to the individual regulatory rules. By having standardised and consistent documentation, Group Operations will support easier attestation at the point of go live and will provide more consistent and higher quality documentation (e.g. policies, procedures and supervisory controls) into the RTB teams. This will facilitate the ability to evidence ongoing compliance with regulation
- Conduct regular review of the change programmes to ensure effective adoption of the above framework
Portfolio RTB Governance
- Establish and manage an inventory of the significant regulatory and market driven RTB processes which are operated by Group Operations. For each regulatory rule, ensure this can be mapped to a process operated by Group Operations
- Establish a standardised framework for documenting this mapping across Group Operations and for evidencing continued compliance through standardised documentation (maintenance of policies, procedures and controls for each process)
- Establish management process to regularly assess the RTB processes and arrange for the Group Operations Risk Quality Assurance team to conduct reviews to ensure continued compliance
You are or have:
- Demonstrable project management or project/programme management office experience gained within an Investment Bank environment (other Financial Services sectors may be considered)
- A proactive approach, working independently to tight deadlines with minimal supervision
- An inclusive ‘front to back’ approach, focus of thinking not restricted to own immediate functional area
- A strong verbal and written communicator who tailors communication to a broad range of audiences and levels within the organisation with confidence
- Structured and very organised
- A strong team player and relationship builder, comfortable in working with a global and diverse team/stakeholders across different locations and looking to work in a cross-product environment
- Able to anticipate potential problems, ‘think on feet’ to resolve and/or escalate appropriately
- Able to influence others over which you have no direct management authority at different levels in the organisation
- Able to work prioritise effectively in a rapidly changing environment
- Competent using MS Excel, Word and PowerPoint
It would be highly advantageous for candidates to have the following:
- Portfolio and programme management experience and qualifications
- Understanding and experience in managing programmes in the global regulatory landscape (Dodd Frank, EMIR, MiFID)
Experience of managing change in Investment Banking, Asset Management, Wealth Management.
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
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