Financial Market Infrastructure & Regulatory Projects Specialist

As a Financial Market Infrastructure & Regulatory Projects Specialist, you are part of a specialized and dedicated team focusing on latest changes and developments taking place within the wholesale Financial Market Infrastructure and assessing the impact for Rabobank.

You and your job
Rabobank maintains a global network of Financial Market Infrastructure (FMI) service providers such as RTGSs, CSDs, Payment Settlement Systems, Central Counterparties, Custodians and Correspondent Banks providing Wholesale Payments, Clearing, Settlement and Custody services.

The FMI network support Rabobank’s clients and proprietary financial markets activities in over 50 jurisdictions and is managed within Group Banking Services center(GBSC) department located within the Global Service Centre (GSC),Operations Wholesale & Rural.

Over the last few years we have seen an accelerated change in terms of the new developments within the FMI landscape driven by regulatory requirements (e.g. SRB Resolution – Continue Accesses to FMIs, Intraday Liquidity, FMI Reporting), increased need for operational robustness, efficiency, technology and innovation (DLT, DeFi, CBDC etc).

The above-mentioned change has led to an increased demand for subject matter expertise and knowledge on the FMI related services in order to timely address market developments and adequately support change projects within Rabobank.

It is to meet the above-mentioned increased demand that we are looking to strengthen the “Financial Market Infrastructure & Regulatory Projects Team” with the mandate and focus to help contribute to the FMI and regulatory change agenda.

Practical Examples

• Analyze the latest regulatory developments on resolution in terms of Continued Accesses to FMIs  and FMI Reporting and its respective ECB/Single Resolution Board (SRB) guidance
• Seek understanding of how these regulatory developments/changes relate to the existing Rabobank’s FMIs landscape that is incorporated in the respective FMI contingency plan
• Coordination and close collaboration with colleagues in Treasury, Markets, Retail Banking, Operations for the annual review and submission of critical and essential FMI Contingency Plan and FMI reporting towards SRB /DNB
• Participation in Rabobank internal project(s) (nicknamed Risotto) overseeing the operational / business impact analysis and Implementation of new ISO 20022 messaging standard for all international RTGS systems Rabobank is participating in.

Facts & Figures

• 32 - 40 hours per week
• Global FMI network servicing 17 branches
• 43,822 Rabobank colleagues around the world.

Top responsibilities

• Support/coordinate the annual review and submission cycle for the Regulatory Projects (i.e. Access to FMI and FMI reporting). This would entail coordination with key stakeholders like Operations, Treasury, Markets, NL Payments, Legal etc to ensure FMI contingency plans and FMI reporting deliverables are prepared and submitted to the regulator based on the agreed BAU process.
• Follow latest and upcoming market changes and developments related to FMIs and help translate high-level business & operational impact
• Translate regulatory requirements or increased demands/requirements from FMI service providers into actionable steps
• clearing and settlement services with various stakeholders at all levels of organization
• Contribute to the business continuity and in particular to the coordination of annual update of the contingency plans for continuity of access to FMIs, as well as, the FMI reporting under the resolution scenario.
• Participation in external / industry level FMI working groups or discussions as needed on behalf of GBS / Operations Wholesales & Rural
• Engage with relevant business lines (Treasury, Markets), Change and Operational teams, Tribes areas
• Eager to learn and grow one’s knowledge on wholesale (payments/securities/Intraday Liquidity)

Together we achieve more than alone
We believe in the power of difference. Bringing together people's differences is what makes us an even better bank. So we are very curious about what you can bring to our team at Group Banking Services center.

You and your talent

• Bachelor’s or Master’s degree with (Financial) Law, (Technical) Business Administration, Finance is preferred
• 4-10 year relevant experiences with affinity with regulatory, legal, compliance through prior working experience is preferred
• Preliminary knowledge of relevant banking processes and products (e.g. Wholesale Banking, Clearing & Settlement processes, payments) would be preferred
• Experience in the area of (Banking) Policies & Regulations
• Skilled in analyzing and structuring complex plans, identifying risks and presenting your advice to stakeholders in a convincing and structured manner
• Self-starter, curiosity and eager to become a subject matter expert
• Encourages collaboration and builds relationships

This is what we offer you

• A salary between € 4.068,63 and € 5.811,03 gross per month (scale 9 depends on your experience).
• An extra personal budget of 10% of your gross monthly salary to be used at your discretion. Buy extra holiday hours, add more to your pension savings or ask for part of the extra budget to be paid out.
• Thirteenth month's salary and 8% holiday allowance
• a personal development budget of € 1,400-
• A budget of € 750- to set up your home working space and a monthly home working allowance of up to € 40.

This is a selection of the terms of employment for a Financial Market Infrastructure Regulatory Projects Specialist based on a 36-hour working week. This vacancy is for 32-40 hours per week. You can find all terms of employment on rabobank.jobs/en/conditions-of-employment.

You and the job application process

Apply to Financial Market Infrastructure Regulatory Specialist via the ‘’Apply now’’ button. Responses will be handled in accordance with our vacancy management policy.

• Any questions about the job content? Contact: Sharon Xie, Lead Financial Market Infrastructure & Regulatory Projects via sharon.xie@rabobank.nl
• Any questions about working at Rabobank and the process? Contact Roy Hendriks, Recruiter via roy.hendriks@rabobank.nl
• We will hold the interviews through a video call and/or in-person. A short case study will be a part of interview selection processes
• You can find answers to the most frequently asked questions on Frequently asked questions - Careers at Rabobank
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