Regulatory Operations – Trade Reporting – Associate
About the job:
MORE ABOUT THIS JOB
Operations division is a dynamic, multi-faceted organization that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
RESPONSIBILITIES AND QUALIFICATIONS
We’re looking for a professional individual who wants to apply their financial market knowledge and develop their understanding of regulatory reform at the heart of the financial markets. With the continued high rate of change in the regulatory reporting space, Regulatory Operations professionals have the platform to significantly impact their environment and the wider business. Our team is seeking a professional who is looking to collaborate with business stakeholders, technology, Regulators and non-financial regulatory reporting teams for the implementation of upcoming compliance items and day to day oversight of regulatory reporting requirements
We are open to considering requests for flexible working.
Regulatory Operations is a global team that ensures that the firm is compliant with a wide range of non-financial regulatory reporting obligations. We partner with groups across the firm and industry to accurately represent firm and client order, execution and position information to regulators across a wide range of traded financial products and businesses. Our team prides itself on best-in class operational design and delivery of high quality controls to manage regulatory risk. From day one, team members play a vital role in upholding the three Operations principles of client focus, process innovation and risk management.
HOW YOU WILL FULFILL YOUR POTENTIAL
Responsibilities include the following:
Execute key risk and control processes to ensure compliance with non-financial regulatory reporting obligations
Develop expert knowledge pertaining to securities regulatory requirements, processes and systems for a number of order, trade and transaction based Regulatory reports
Consult on business and functional projects to facilitate compliant commercial activity
Own client relationships with a focus on excellent client regulatory service
Develop strong relationships with stakeholders in the business, Engineering, Compliance and Legal to support reporting functions
Delve into complex system infrastructure to understand impact of data flows and booking models on reporting quality
Leverage data analytical and automation tools to detect anomalies in reporting data and improve reporting processes
Design and lead the implementation of solutions to deliver best-in-class system and control frameworks quality
Train and motivate colleagues to achieve personal and departmental business and risk targets.
Investigate, remediate, and provide supervisory guidance on issues with these reports and develop control improvements
Define and provide supervisory oversight for comprehensive project documentation in support of strategic initiatives and change management including business/functional requirement documents, process flow diagrams and comprehensive data analysis
We are looking for a driven individual who can work on a broad set of regulatory obligations around transaction reporting. They are expected to be able to learn how to efficiently support the team’s daily time sensitive functions for Securities and Derivatives non-financial regulatory reporting across multiple jurisdictions and regulators.
Working knowledge of MiFID
Bachelor’s degree with 4+ years of experience in financial services
Strong analytical skills with an ability to understand complex workflows paired with meticulous attention to detail
Must have strong communication skills to clearly articulate issues and ideas, provide timely escalation
Good interpersonal skills to build strong relationship with key stakeholders within and outside of Operations
Self-motivated team player who has strong organizational skills and ability to manage competing priorities within deadlines
Working knowledge of financial markets, regulatory landscape and associated processes
Working knowledge of financial, operational, reputational risk
Working knowledge of financial products, e.g. equities, fixed income, exchange traded derivatives, OTC derivatives is an advantage
Working knowledge or expertise in European non-Financial Regulatory Reporting functions across Derivatives and Equities
Working knowledge of project management and business analysis is an advantage
Interest in data analysis, process automation, big data or non-technical process efficiencies is an advantage
Preferred candidate will have at least 4 years of business experience in financial services. The candidate’s professional experience may have included past responsibility for audit/analysis, compliance, business support, daily processing, project management, risk management, and implementation of strategic operational plans. This person will ideally have successfully worked with financial products/functions with experience including data analysis, Regulatory Reporting, trading flows and compliance.
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