Transaction Reporting Team Leader

  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 23 Aug 17

My client, a leading financial markets house based in the city, is looking to recruit an experienced and driven Transaction Reporting specialist / Team Leader. You will be part of a small, specialist Transaction Reporting team of 4 people which sits within Operations to meet the Bank's global regulatory obligations e.g. MiFID(MIFIR), EMIR, MAS, FSFM and CFTC (Dodd Frank).

My client, a leading financial markets house based in the city, is looking to recruit an experienced and driven Transaction Reporting specialist. You will be a part of a small, specialist Transaction Reporting team of 4 people which sits within Operations to meet the Bank's global regulatory obligations e.g. MiFID(MIFIR), EMIR, MAS, FSFM and CFTC (Dodd Frank).

The job will evolve over time as initially you will be the key representative for the Operations Transaction Reporting team to support the delivery of the MIFID II Project ensuring the required Post Trade and Transaction Reporting solutions are in place by the regulatory deadline.
After MiFID II delivery the candidate will form part of the Bank's Transaction Reporting team in a Team Leader capacity and perform the daily reporting processes and associated controls for MiFID, EMIR, Dodd Frank, MAS and FSFM reporting requirements.

Product coverage is expansive and the Bank offers the unique opportunity for individuals to be able to gain a vast wealth of product experience within the one team whose remit spans all asset classes (Rates, Credit, Equity, FX, Commodity, Securities, etc.) both on and off exchange. All individuals are required to perform all of the function's processes and controls across all regulations and asset classes. We have a strong track record of retaining staff given the sheer variety of tasks they learn and perform on a daily basis.

Given the pace of change within the Industry, all team members have an active portfolio of Change the Bank (CTB) work in addition to their Run the Bank (RTB) responsibilities. Team members' objectives reflect the diverse tasks and regular one to ones with the function's line managers ensure that performance and personal development is actively tracked and discussed throughout the year.

Change focused duties:

* Business Requirements for reporting systems, processes and controls.
* Functional Requirements for reporting systems, processes and controls.
* Business testing of reporting systems, processes and controls.
* Business documentation of impacted processes and controls e.g. Operating Models, Procedures, etc.
* Transition of MIFID II reporting into RTB for go-live date including provision of training.
* Post-implementation support and remediation of identified reporting issues.

Given the sensitivity of the output of this function there is a significant focus on integrity, accuracy and risk awareness within this role. The candidate must also be able to interpret regulatory guidance and understand how this applies to the organization.

The role will require a self-motivated individual who will bring energy and enthusiasm to the function and be capable of quickly developing a strong partnership with our internal and external stakeholders.

Other Key Responsibilities / Accountabilities:

Performance
* Submission of reporting files and messages within the regulatory deadlines.
* Monitoring and resolution of reporting exceptions and rejections.
* Monitoring and resolution of exceptions on all internal and external reconciliations.
* Monitoring and resolution of exceptions on all data assurance checks.
* Identification and escalation of late reporting to all key internal stakeholders.

Servicing clients
* Management of all external requests and communications in relation to the exchange of Unique Transaction Identifiers (UTIs)
* Management of all external requests and communications in relation to the provision of delegated reporting services and trade repository reconciliation exceptions.
* Strong partnership with our key stakeholders; namely Compliance, Operations peers and IT.


Risk mitigation
* Production of Management Information(MI) for all key stakeholders and participate in all internal governance forums as required.
* Continuous evaluation and improvement of the function's control framework.
* Documentation of procedures for all tasks performed.
* Timely escalation of all regulatory and risk incidents through the Bank's formal channels.
* Collation of monthly Key Indicators for Operational Risk measurement.
* Perform periodic deep dive analysis on sample data to identify compliance issues.


Enabling change
* Provide support to Change the Bank (CTB) initiatives by participating in the development of business requirements, test scenarios and execution of user testing schedules.
* Participation in industry forums and working groups.
* Proactively manage own personal development and training.


Preferred Qualifications and Experience:

* Education to Degree level or equivalent highly desirable.
* Experience of overseeing the performance of a regulatory transaction reporting team to ensure team objectives are fully met.
* Extensive experience within an Operations function.
* Experience in regulatory trade or transaction reporting in EMIR and preferably at least one other jurisdiction/regime.
* Demonstrable experience in implementing and improving policies and procedures within an Operations environment.
* Good understanding of transaction reporting principles and processes.
* Good understanding of operational risk management techniques.
* Proven interpersonal and relationship building skills and ability to apply to relationships formed across different geographical regions.
* Proven experience of having thrived in a fast-moving, high-pressured environment.
* Professional qualification (e.g. IOC) an advantage.