Transaction Reporting Business Analyst
Team/Function Overview
We are currently recruiting for a Transaction Reporting Business Analyst to work with our client who is a global leader in banking and wealth management which provide consumers, corporations, governments, and institutions with a broad range of financial services and products to achieve the best outcomes for clients and customers with financial ingenuity that leads to solutions that are simple, creative, and responsible. The role is based in Dublin. This is a 11-month contract position.
The Data & Regulatory Operations group is a centralized unit within SMB&IC, that is responsible for the oversight of day-to-day compliance for regulatory reporting including exception management and risk mitigation for the EMEA Region.
The team is responsible for the review, action and oversight of daily regulatory reporting and exception management.
Regulatory Operations (Reg Ops) work closely with Compliance, Business, Technology and Operations to interpret, investigate and remediate regulatory related issues, and to track risk through metrics analysis, trending oversight and timely escalation.
Role / Position Overview
The role of a Business Analyst within the MiFID II Transaction Reporting Team is to provide supervision and oversight of key controls and processes, in order to ensure a best-in-class provision of regulatory reporting on behalf of the firm and its clients.
Review of trade, position and transaction reporting validation and reconciliation exceptions pertaining to transaction data submitted to numerous National Competent Authorities (such as FCA, Central Bank of Ireland and BaFin).
The individual will be responsible for working collaboratively with Operations, Technology, Compliance, Internal Audit and the business, to maintain strong working relationship and support proactive governance and control management.
The role will involve working in conjunction with the Reporting Team Senior Management in Belfast and London to highlight issues and raise solutions through interpretation of submitted data.
Key Responsibilities
- Help drive implementation and perform monitoring and testing of firm's submission data and exceptions/rejections to develop appropriate controls to drive the completeness, accuracy and timeliness of regulatory reporting obligations for MiFID II Transaction Reporting, within Regulatory Operations.
- To verify ongoing compliance with the regulatory requirement.
- Review, Design and Enhance key metrics and KPIs relevant to numerous regulations and assist with reporting to key stakeholders and senior management.
- Key tasks to involve the monitoring of numerous regulatory processes within the Reporting team in Belfast, and to support the successful identification and remediation of failed controls (specifically but not limited to, the analysis of keys controls, UAT of future enhancements and regulatory reporting remediation tasks)
- The individual will be responsible for working collaboratively with Regulatory Operations, Technology, and key business stakeholders to maintain a strong working relationship and a best-in-class approach to proactive exception management
- Partnering with Reg Ops Change Management and QA to ensure adequate issue documentation, testing and resolution implementation. Ensure all required signoffs and audit trails are maintained and meet a standardised approach.
- Extensive liaison with internal customers, notably Business Units, Information Technology, Other ORC areas and Compliance Management, whilst fostering partnerships with key contacts with open and honest feedback.
Development Value
- Develop a greater understanding of Regulatory requirements, and in particular MiFID Reporting.
- Exposure to all areas of Capital Markets & Banking and associated products.
- Develop an understanding of both short and long-term project management and tracking.
- Develop stakeholder management competence at peer and senior manager level.
- Have access to an extensive online learning resource.
- Interact with senior representatives from Ops, Business and Technology, both written and verbal
Knowledge/Experience
- Experience of compiling large volumes of data and analysing results
- Experience of exception-based controls and processing
- Experience of Regulatory reporting/Risk and Control (preferable)
- Understand impact of external factors (e.g. regulatory changes) on departmental strategy
Skills
- Good Microsoft skills including Excel, Word and Outlook.
- Proactive, able to work on initiative and organize themselves well.
- Ability to communicate effectively facilitating interaction with clients, own team and operations management. Ability to detail issues, in writing, in a clear, accurate and concise manner.
- Analytical and Numerate proven ability to research and identify large and complex issues.
- Demonstrates sound judgement and professionalism in decision making/problem solving, escalating to supervisor as appropriate.
Qualifications
- GSCE "A" Level standard or equivalent
- Good numeric skills desirable
- Bachelor's degree (preferable)
- Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
For more information about this role kindly contact Aminat Ibrahim on [email protected]
