What’s the role?
The Senior Specialist Compliance Regulatory Reporting is a senior member of the Compliance Regulatory Reporting Team (“RRT”) within the Shell Trading & Supply (“T&S”) business unit, reporting to the Manager Compliance Regulatory Reporting. The responsibility of the Senior Specialist Compliance Regulatory Reporting is to support the Manager Compliance Regulatory Reporting with running, maintaining, and improving the business-as-usual operations of the RRT. This includes day-to-day management of RRT Specialists and Analysts, providing oversight, issue resolution, and escalation support for regulatory reporting activities.
The RRT is responsible for the execution of Dodd-Frank and National Futures Association (“NFA”) reporting requirements, ensuring that T&S and its regulated businesses satisfy their regulatory reporting obligations.
The Senior Specialist Compliance Regulatory Reporting is responsible for:
- Supporting the Manager Compliance Regulatory Reporting to upskill newly onboarded RRT members, run, maintain, and improve RRT processes and controls, and operationalize the RRT to ensure that T&S is set-up and remains compliant with the reporting requirements under the:
- Dodd-Frank Wall Street Reform and Consumer Protection Act
- Canadian Derivatives Reform Act (jointly referred to as ‘Dodd-Frank’ requirements or obligations); and
- National Futures Association Regulatory Requirements.
- Supporting the Manager Compliance Regulatory Reporting to embed the new operating model and ways of working for the RRT.
- Supporting the maintenance and improvement of RRT processes and controls, working closely with other RRT members to enhance and automate RRT workflows where possible.
- Managing RRT Specialists and Analysts, providing oversight on the ongoing execution of business-as-usual activities.
- Supporting the Manager Compliance Regulatory Reporting implement the overall strategy for the RRT, including delivery and implementation of IT and data strategies for the new organization and a comprehensive training and development program
The Senior Specialist Compliance Regulatory Reporting is expected to:
- Collaborate and work closely together with relevant business unit and T&S Compliance senior stakeholders and other compliance experts such as the Regulation team (on new and changing regulatory requirements), Policy team, and Management Information (MI) team (on internal compliance reporting).
- Support the development, ongoing upkeep, and continuous improvement of the RRT process and control documentation.
- Effectively manage direct reports to support the execution of T&S’s ongoing reporting obligations in a fully compliant and consistent manner, including supporting with identifying, remediating, and escalating to T&S senior management any reporting errors within required timeframes.
- Manage and support the ongoing submission of reports, operating as a point of escalation, validation, and support for more junior RRT members, determining when appropriate to seek further advice from the Manager Compliance Regulatory Reporting and T&S senior management or other experts on approvals, decisions, or appropriate next steps.
- Manage the coordination of regulator reporting of errors as required, in liaison with the Regulation team and other experts across T&S.
- Manage and provide guidance to the RRT Specialists and Analysts on complex business scenarios in the regulatory reporting space, embedding a root cause analysis approach within the RRT, and identifying and evaluating links and patterns.
- Support the RRT Specialists and Analysts develop a range of practical solutions to business problems applying both regulatory and technology lenses to develop the best approach.
- Build and maintain strong relationships with a global base of senior stakeholders across T&S businesses and functions, as required to support T&S’s reporting obligations, enabling effective partnering to develop fit-for-purpose solutions for T&S.
- Be a subject matter expert on RRT matters within Compliance, supporting the Manager Compliance Regulatory Reporting by inputting into relevant fora and keeping up to date with regulatory reporting changes and industry best practices.
- Support the definition of system business requirements and the implementation of new solutions and tools for the RRT.
- Input into the definition of a comprehensive training and development programme for the RRT.
What we need from you
- Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
- Bachelor's degree from an accredited university (or equivalent work experience) is desirable
- At least 10 years of experience in regulatory reporting / compliance / business risk and controls roles in trading organizations, energy, banking, financial services, and regulators
- Deep knowledge of regulatory reporting requirements and a demonstrable, extensive experience of regulatory reporting processes
- Deep knowledge of Dodd-Frank reporting regulations, Energy Derivatives Markets, and Trade Deal Lifecycle
- Experienced in risk management systems (e.g. Nucleus, Open Link, Endur) and proficient in MS Excel and MS PowerPoint, with proficiency in one or more of QlikView, Access, Spotfire, Business Objects, SQL, Excel Macros, and TradeVault preferred
- Proven management experience with a demonstrated ability to develop and drive performance and encourage positive team dynamics
- Demonstrated strong people management skills, including managing conflict and challenging conversations
- Proven ability to effectively deliver through others under tight, regulatory driven timelines
- A sound knowledge of one or more segments of the T&S businesses (including Crude, Products, Energy, LNG, Shipping, Operations, and Supply) is preferred and a strong understanding of trading instruments, trading strategies, and risk concepts
- Demonstrated excellent interpersonal and relationship building skills, including the ability to effectively interact with a global, diverse, and senior stakeholder group across T&S businesses and functions
- Strong communication skills and virtual management of interfaces
- Credible and persuasive in ensuring the needs of the business are fully understood
- Demonstrated ability to navigate complex and dynamic environments
Compliance is a foundation of the way in which T&S does business and therefore integrity is one of the fundamental values that we are seeking as part of the Compliance leadership team. We believe integrity is the hallmark of a person who demonstrates sound moral and ethical principles during their work. Integrity is the foundation on which coworkers build relationships, trust, and effective interpersonal relationships. It is essential that the successful candidate will be able to give clear examples of integrity as one of their core values.
For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs. Employees also participate in a company pension plan and a 401(k) plan. Paid leave includes up to 6 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave to birthing mothers, and 8 weeks of paid leave for non-birthing parents. Additionally, employees are eligible for disability leave for up to 52 weeks at 100% or 50% of base pay. Shell also offers other compensation such financial reimbursement for adoption, wellness, education, and personal learning expenses, and some roles are eligible for discretionary long-term incentives. For interns, eligible benefits include medical, dental, and vision coverage, life insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs; participation in a 401(k) plan; and paid leave for up to 11 paid holidays. Additional information on Shell’s US benefit programs can be found at https://www.shell.us/careers/about-careers-at-shell/rewards-and-benefits.html
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