Serves an an annountant in the Office of Clearance and Settlement in the Office of Compliance Inspections and Examinations. Within the assigned area, interacts with senior management and personnel in various functions within registered and exempt clearing agencies to gain an understanding of their business, financial, and processing model and associated risks and internal controls.
Tailors examination approach and methods, in consultation with supervisor, based on clearing agencys business, financial, and processing model, identified and emerging risks, and/or changes to regulations / standards / practices.
Conducts examinations (which may include work-throughs, sampling, data analysis) in accordance with standards. Works with internal divisions and offices (e.g. Division of Trading and Markets, Office of International Affairs), and other US and non-US regulator bodies (e.g. CFTC, Federal Reserve Board, FSA) where specified to help ensure effective and efficient regulatory activity.
Compiles appropriate documentation and support for reports and other communications, drafts reports (including executive summary, business context, results of examinations, and recommendations), and drafts communications to clearing agencies.
Participates in meetings with, and reviews/conducts analysis on information provided by, clearing agencies and/or other regulators regarding risk management, governance, finance, operations, and control activities (e.g. internal audit, compliance).
Participates in meetings to communicate examination results or other regulatory activities.
Provides input into enhancing examination approaches, methods, processes, and training including relating to financial, operations, governance concepts.
Gains knowledge of clearance and settlement trends, activities, practices, and internal controls through interaction with internal and external parties, trainings, and review of regulations and written materials such as CPSS IOSCO standards, financial practices.