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Director, Regulatory Framework Improvement and CAT Transformation

Director, Regulatory Framework Improvement and CAT Transformation

Type: Full-Time
Primary Location: New York, US
Education: Bachelor’s Degree
Salary Range: $150,000-$250,000 per year (*Remote/NYC)

Job Description

We are seeking a highly experienced professional to lead the assessment and improvement of the regulatory framework around the Consolidated Audit Trail (CAT) for our client, a global bank. The ideal candidate will manage and run a steering committee, interfacing with senior stakeholders, including global heads, and making recommendations. The process will likely involve a vendor selection process for an alternate vendor, gap analysis, and migration planning to build a robust, industrial-strength capability and define a future-state TOM (Target Operating Model).

Key Responsibilities:

  • Assess and optimize the current regulatory framework around CAT, ensuring compliance with global regulations and reporting requirements.
  • Manage and run a steering committee, working closely with senior stakeholders and global heads to assess, recommend, and implement changes to the target operating model.
  • Lead a vendor selection process for an alternate CAT vendor, ensuring alignment with the bank’s strategic objectives and regulatory requirements.
  • Conduct gap analysis and develop a comprehensive migration plan for transitioning to the new vendor and operating model.
  • Collaborate with internal development teams and third-party vendors to deliver project objectives on time and within budget.
  • Communicate regularly with senior stakeholders to provide updates on progress, issues, risk assessments, and rule changes, influencing key decision-making.
  • Establish and maintain strong relationships with regulatory bodies and industry organizations.
  • Continuously monitor the regulatory landscape and industry trends to ensure the bank’s readiness for future regulatory changes.


Job Requirements
  • Proven experience in operations, regulatory environment, and subject matter expertise across capital markets products, trade flows, and reporting requirements
  • Proven experience with running a CAT project/program for a significant financial institution
  • Familiarity with current vendor capabilities
  • Minimum 10 years of experience in leading regulatory reporting transformation, risk and controls management, and program management roles in well-known financial institutions
  • Strong knowledge of various regulatory jurisdictions, including CAT, TRACE, CFTC, LOPR, MiFID, EMIR, ASIC, HKMA, and MAS
  • Experience in leading multi-year, large-scale global initiatives with significant budget and resource management responsibilities
  • Exceptional communication and interpersonal skills to effectively collaborate with and influence senior stakeholders and regulatory bodies
  • Strong analytical and problem-solving abilities to identify gaps and provide recommendations for improvements
  • Experience in vendor selection and management processes
  • Bachelor’s degree in finance, business, or a related field, advanced degree or relevant certifications preferred

Prospect 33 is an Equal Employment Opportunity/Affirmative Action Employer. We are a diverse and inclusive company. Great talent is always welcome at Prospect 33 regardless of background, ethnicity, race, gender, sexual orientation, religious views, or even political views.

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