The Reporting & Compliance Controller is responsible for risk management with financial counterparties under the applicable derivative regulations framework and the Group Treasury Directive.
In addition, he / she ensures adherence to the internal control framework (specific for Group Treasury) and is responsible for various reporting matters.
Timely confirmation, reconciliation and dispute resolution of open OTC derivative positions with financial counterparties.
Collateral management of open positions in close collaboration with cash management team
Support in various Risk Management activities, such as adherence to counterparty credit limit framework, risk identification / indication ( Early Warning Process ).
Ensure relevant agreements (ISDA, EMIR / FinfraG dispute resolution, FMIA agreements, LEI, etc.) with financial counterparties are in place, maintained in a database and regularly monitored for validity
Maintain the specific Treasury Compliance Control Matrix, ensure controls are implemented and owned by the process owners, review self-
assessment, testing results and attestation. Follow up on control failures and continuously seek for improvements in close collaboration with Group FRA Corporate Financial Controls (CFC)
Support in various (financial) reporting matters, such as preparation of FCRS reporting schedules, SIX reporting, Novartis Pension Fund performance reports and analysis of Group Treasury cost center budget.
Contribute to various projects and improvements initiatives
Deputy for Treasury Risk Controller
Confirmation and collateral management of all open positions (on a daily basis, all financial counterparties, zero threshold) within the defined daily timelines
Compliance with European (EMIR) / Swiss (FinfraG) requirements
Compliance with internal control requirements (NFCM / SOX404)
Smooth collaboration in projects and liaise with IT, NGSCs / FSCs and external counterparties
Bachelor Degree in Finance, Economics, or equivalent
English advanced, German is a plus
Knowledge of banking sector, esp. cash management is a strong plus, preferably in a similar environment.
2 3 year experience in Treasury, Accounting and Tax
Good SAP and MS Office (Excel) skills, knowledge of other systems is a plus
Good communication skills