Associate Director, Regulatory Reporting

Fund services | Corporate | Capital markets | Private client | Regulatory & Compliance

We help clients succeed by unlocking new value through expertise, trust and scale. We deliver solutions that solve complex challenges faced by asset managers, financial institutions, corporates, high net-worth individuals and family offices.

With a curious mindset, we ask the right questions to get to the right solution, faster. We collaborate to win together, sharing successes and shaping the future of our global business. Our culture of support and recognition provides the tools and opportunities for you to grow, while unlocking the most value for our clients and making your mark with Ocorian.

Expertise: We deliver specialist, tech-enabled solutions for our clients grounded on deep industry expertise.

Trust: We’re a trusted partner to over 8,000 clients globally. We are proud to have long-lasting partnerships with our clients.

Scale: With more than 1,500 colleagues, we operate across 20+ countries, our scale enables us to support our clients globally and locally, providing a seamless client experience across borders and service lines.

Please note that we are open to candidates in other locations as well. 
 

What’s In It For You

• Competitive salary
• Hybrid working
• Flexible working hours
• Pension 
• Private medical insurance
• Dental plan
• Life assurance
• Income protection & Critical illness

Purpose of the Job

To fulfil Ocorian’s ambition of doubling in size in the next 3-4 years through organic growth and acquisitions, the business has transformed into a globally aligned organisation with three major components:  Service-Lines, Global Operations/Tech/Transformation, and global Support Functions.

The last five years has brought about a period of significant change in the regulatory reporting space globally, particularly for offshore jurisdictions. It is now nine years since the Common Reporting Standards were first implemented however there continues to be tightening of restrictions with increased reporting requirements in relation to self-certification documentation, nil reporting and notifying local tax authorities about undocumented accounts. In addition to the administrative burden, the increase in financial penalties for incorrect or missing reporting places the onus on Financial Institutions to have robust processes and resources in place to meet the regulations.

The introduction of the Economic Substance legislation to many offshore jurisdictions in 2019 with the widening of the law to include Limited Partnerships and self-managed funds in 2021 has required the likes of Ocorian to review all of their entities under management and ensure they are meeting the local requirements, requiring further significant administrative input.

Additional legislation surrounding beneficial ownership, data protection and the increased information now required for many annual returns has resulted in the requirement for dedicated staff to ensure deadlines are met and that we have everything to adhere to the various regulations, over and above the usual administration work undertaken.

Newgate as a compliance business is looking to build a team of regulatory reporting specialists who will work closely together with the Service Lines and other group stakeholders creating ONE Ocorian. They will bring the regulatory reporting and disclosure functions for all offices under one team located in a number of jurisdictions to help relieve the increasing administrative burden on offices who may not have the capacity or specialist knowledge to efficiently complete these returns. These are likely to include obligations such as FATCA/CRS, Economic Substance, Annex IV reporting, ICARA as well as other local reporting requirements.

The Associate Director - Regulatory Reporting and Disclosures function (“AD - RRD”) is responsible for helping to deliver outstanding services across the business, support the global business to meet the strategic aims of driving profitable growth, delivering an outstanding level of service to our customers, whilst ensuring pro-active adherence to group wide risk, regulatory and statutory standards.

This responsibility plays a key role in the deployment and adoption of the Global Service Lines and Global Operations strategy within the local jurisdictional organisation, whilst ensuring that local regulatory/statutory requirements are accommodated within the global operational model and design. As a member of the leadership team the AD - RRD will partner with business stakeholders and will work with the team to create and ensure the efficient and effective day to day delivery of globally coherent processes in line with the Group wide enterprise standards. 

The AD - RRD will lead from the front, and by example.  It requires a high level of business awareness demanding a strong skill set comprising leadership, pro-active management, business intelligence, operational and risk knowledge. Outstanding networking and communication skills are essential to ensure an effective partnership with global and local business stakeholders.

Objective of the job

The main objective for the role is to be one of the subject matter experts in the regulatory reporting service line and contribute to the short- and long-term priorities. In addition they’re required to help establish new Regulatory Reporting Processes, Procedures, Data Quality, Controls, Digitalisation and Automation) across all service lines and across all Ocorian jurisdictions. The AD- RRD will help the team to achieve these objectives within the agreed upon timeline and budget.

Main Responsibilities

• Assist with the seamless and effective deployment and adoption of the Regulatory Reporting and Disclosures service delivery and transformation vision, which is designed to ensure that the Group’s strategic aims are achieved
• Partner with global and local stakeholders to develop and deploy key performance indicators to ensure the effective and pro-active measurement and delivery of an efficient service offering
• To liase with relevant local tax authorities and other bodies to answer queries arising
• Document existing process and controls and ensures that the changes are updated, tested and reviewed once finalised
• Actively participate in the implementation of new regulatory requirements including annual housekeeping changes as stipulated by the regulators, ensuring the requirements are completed within the set timescales and deadlines are met
• Communicate closely with the business to be able to explain complex situations in a technical capacity
• Ensure agreed service levels are maintained and met
• Proactively contribute to the evolution and continuous improvement of the policies and providing advice on regulatory reporting framework
• To manage a team, ensuring targets are met and service levels maintained including performance assessment and career development
• Embed a culture of client focus, creating ONE global Ocorian, innovation, compliance and continuous improvement, underpinned by the highest levels of operational discipline.
• Perform and/or manage various ad-hoc projects and procedures as necessary
• Supporting the development of Regulatory, Legal & Compliance Service Line

#LI-JM1
#LI-Hybrid 

• Fully qualified or similar level education, and/or a Bachelor Degree in Finance, Accounting Legal, Company Secretarial, and/or MBA or similar Master’s Degree.
• Strong technical knowledge of FATCA/CRS is essential for this role.
• Minimum of ten years’ experience in fiduciary and fund administration, or a relevant industry sector.  An advanced level of operational, technical and industry knowledge.
• Knowledge of the regulatory reporting environment and the various statutory requirements in the various Ocorian jurisdictions.
• Excellent written and oral communication skills. Professional and articulate manner with the proven ability to engage with clients, and other stakeholders. 
• Proven ability to work at a management level with strong influencing and persuasion skills.
• Skilled in driving operational discipline in a service delivery environment. Ability to work under pressure and with a track record of managing and prioritising team workloads and demands. Proven time management and organisation skills are essential.
• Self-motivation and proactive skills to build and maintain strong working relationships. Excellent organisational awareness. 
• Track record of operating within a matrixed organisation.
• High degree of financial acumen, with experience in managing functional budgets.

Competencies

• Ability to create new solutions, that challenges and continually improves the “status quo”,
• Ability to work with other stakeholders in a collaborative and transformational manner,
• The ability to work under pressure, meeting appropriate deadlines,
• Strong time management and organisational skills,
• Methodical and accurate approach with strong attention to detail,
• Ability to recognise emerging trends and propose forward looking solutions.
• Hands-on approach, detailed, and outcome driven.
• The ability to manage and supervise a team
• Process management, and Project management skills and experience.
• Business process improvement training/experience
• Commercial acumen, forward thinking, curious, externally focused.
• Passion, reliability, combined with a ‘can do’ approach, energy and enthusiasm.

All staff are expected to embody our core values that underpin everything that we do and that reflect the skills and behaviours we all need to be successful.  These are:

• We are CLIENT CENTRIC – Clients are at the centre of our world, and we’re committed to providing expertise and specialist solutions to meet their most complex challenges.
• We are AMBITIOUS – We aim high. We think and act globally, seizing every opportunity to delight our clients and support our colleagues - wherever in the world they may be.
• We are AGILE – We act on our initiative to get things done for our clients. Our independence gives us the flexibility and freedom to keep things simple, efficient and effective.
• We are COLLABORATIVE – With a curious mindset, we ask the right questions to get to the right solution, for our clients faster. We collaborate to win together and share our successes.
• We are ETHICAL – We behave with integrity at all times and assume positive intent, building trust through responsible actions and honest relationships.

Equal Opportunities for Everyone

Please let us know if there’s anything we can do to make the process easier for you. You can reach us at [email protected].

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.