MIFID II Transaction Reporting Change Associate

Job Description

About the job

Job description:

Regulatory Operations MIFID II Transaction Reporting

Title: Associate

Job Type: Permanent

Department: EMEA Operations

Company overview

Our client is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. They provide a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries.

Department overview:

Regulatory Operations EMEA is split into 2 teams who are responsible for daily operational oversight and management of regulatory day-to-day processes and ensuring compliance for regulatory reporting. In addition, the team is responsible for assessing impact to these processes from future regulatory legislation by ensuring regulatory change governance and executing the MiFID II Transaction Reporting Function.

Role description:

This is an excellent opportunity for an individual to gain a valuable insight across FCA/MiFID II regulations and the importance of establishing a robust oversight and control environment to meet Reg requirements. Overseeing the oversight of the Powai BAU team. Ensuring appropriate oversight and controls of operational activities as they relate to transaction reporting. Ensuring the adequacy and delivery of internal reporting and MI to relevant stakeholders. Apply zero tolerance on EOD exceptions where possible and if not have an in depth understanding of the break root cause and resolution vs the Regulatory reporting requirements. Developing a relationship with Middle Office, Static Data, Compliance and Technology areas to assist with the resolution of exceptions. Performing periodic Reporting reconciliations. This includes break management, escalation of issues and MIS production. Overseeing the daily/weekly Reporting MIS and KRI packs. Investigating the potential impact to the transaction reporting process and requirements of new business lines and new products. Ensuring that any new Regulatory updates or changes are reviewed with respect to the impact on FCA Transaction Reporting and Nomuras adherence to the new requirements/changes. Complete User Acceptance Testing and be able to articulate results to the team management. Timely escalation of issues identified in the process in line with Regulatory Operations escalation process and protocols. Continuous challenge of the process identifying areas for improvement.

Skills, experience , qualifications and knowledge required

Excellent knowledge of the MiFID II Post-Trade Reporting, Transaction Reporting and Instrument Reference Data Reporting rules and other associated MiIFD Regulations and the ability to apply these to the Nomura trade and business flows. Strong QA Experience. Experience delivering and managing change initiatives.

10 Interview Questions You Might Get Asked

These are questions that we think might come up at some point during the interview process. It's worth prepping answers for the questions below, as well as other key areas you think will be important to secure the role.

1. Can you explain your experience with regulatory reporting, specifically MIFID II transaction reporting? 2. How do you ensure compliance with regulatory requirements in your current role? 3. Can you describe a time when you had to resolve an exception or discrepancy in transaction reporting? How did you handle it? 4. How do you stay updated on regulatory changes and updates in the financial industry? 5. Can you explain your experience with user acceptance testing? Have you worked on any change initiatives related to MIFID II transaction reporting? 6. How do you ensure accuracy and quality in transaction reporting processes? 7. Can you discuss your experience with oversight and control environments in relation to regulatory reporting? 8. Have you worked with middle office, static data, compliance, and technology teams to resolve exceptions or issues in transaction reporting? Can you provide an example? 9. How do you prioritize and manage multiple reporting reconciliations and MIS production tasks? 10. Can you discuss your experience with developing relationships with stakeholders and collaborating with different teams to ensure regulatory compliance?

5 Questions You Could Ask

Based on the job description above, here are 5 questions we think you could ask during your interview. Use them as a guide to help you write your own questions.

Remember: Always have at least 5 questions prepared for the interview. If you do not, you run the risk of looking unprepared.

  • What is the team structure and who will I be reporting to?
  • What are the specific responsibilities and tasks of this role?
  • What is the company's approach to compliance with regulatory reporting requirements?
  • Can you provide more information about the current regulatory landscape and any upcoming changes that may affect this role?
  • Can you describe the company's culture and values, and how they align with the role of Regulatory Operations?
Job Location
Job Data

Company: Aston Carter

Location: London

Posted: 2023-11-17 00:00:00


Salary Per:

Salary Min:

Salary Max:


Job Type: permanent

FT or PT:

Category: Accounting / Finance

Latitude: 51.507322

Longitude: -0.127647

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