OTC Regulatory Reporting - City of London, United Kingdom - Celon Group

Celon Group
Celon Group
Verified Company
City of London, United Kingdom

1 month ago

Tom O´Connor

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Tom O´Connor

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Description

We have an exciting opportunity for an experienced OTC Regulatory Reporting & Market Rates Associate join a Tier 2 investment bank in the City on a x12 month contract, with the potential to extend.


This role is a specialist position responsible for trade reporting and exceptions management under regulatory frameworks, covering global OTC derivatives, Repo, FX and Commodities.


Key Responsibilities:


  • Daily reporting and reconciliation of total OTC transaction positions across various regulatory jurisdictions, with a focus on EU and UK (FCA).
  • Exceptions management of trade submissions to various regulatory jurisdictions (including ASIC, EMIR, CFTC, HKMA, and more), with a focus on MiFID, EMIR and SFTR.
  • Data analytics for workflow metrics for the team and continuous improvement with processes, keeping abreast of new regulatory requirements and market developments of trade reporting.
  • Working with a global team to ensure trade reporting systems are developed in order to handle upcoming regulatory changes and business growth.
  • Strong understanding of risks, controls and daily reconciliations, ensuring all exceptions are followed up/resolved/escalated in a timely manner with adequate audit trails, and identifying and implementing risk controls in the operational environment.
  • Management of various internal and external stakeholders.
  • Management of the Market Rates end of day validation process for the Asia and London regions.
  • Ad hoc queries from stakeholders (Front Office, Ops and Tech) relating to the Market Rates process.

Essential Skillset:


  • Comprehensive knowledge and experience of processing financial markets products and a thorough understanding of related risks.
  • Prior experience and understanding of the new regulatory rules on trade reporting and exceptions management, with wide experience on UK and EU regulations, specifically EMIR, MIFID and SFTR.
  • Inquisitive mind set with experience in problem solving and developing solutions to complex regulatory problems.
  • Prior experience in data analytics for continuous improvement and workflow management.
  • Prior experience and knowledge of the wider Credit or Market Risk functions.
  • Knowledge of front office booking systems such as Murex would be advantageous.
  • Prior experience of managing regulatory projects advantageous.
  • 35 years' experience in Derivative products.
  • Prior experience of the market rates validation process would be advantageous.
  • Prior experience of using vendor data, eg BBG, Reuters, SuperD, GoldenSource would be advantageous.
  • SQL knowledge/experience would be advantageous.

Qualifications:


  • Tertiary qualifications in a finance discipline desirable
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