Sr. Regulatory Reporting Analyst

The role will be part of the transition of processes which includes standardization and efficiency initiatives for EMEA – MiFID II Research Costs function under Fund Administration. The role will be responsible for preparation of different regulatory requirements for funds operating in EMEA region. This includes providing support for the London office, ensuring accuracy and completeness of the filing. The role will work closely with the Investment Head of Operations in EMEA region and Fund Administration Manager in MBPS in streamlining the process and ensuring that strong business continuity measures are in place.

The role will need to continue to develop Regulatory and Investment knowledge to become an expert to support MBPS and EMEA Investment Operations teams via training, troubleshooting, process analysis and knowledge sharing. The role is also expected to be a Process Champion recommending opportunities to streamline (or automate) Regulatory end-to-end business processes, work with developers (either in MBPS or Technology teams in EMEA) for automation opportunities, support various testing and project documentation in different initiative.

Position Responsibilities:

Cost Management and Analysis

• Manage and reconcile all MiFID II Research Payments, assisting PM's to validate interactions and track actual spend against budgeted amounts in line with the Research & Inducement Policy

• Interact with research brokers to resolve discrepancies, on behalf of the PM's

• Provide senior management updates in quarterly Brokerage Practice Committee

• Tracking of payments maintained and kept up to date

Trade & Transaction Reporting

• Working knowledge of MIFIR, RTS 22 or ESMA guidelines on transaction reporting

• Responsible for the preparation of reconciliations and investigation

• Responsible for identifying issue, owning items through to completion

• Vendor management/relationship with the ARM (Approved Reporting Mechanism)

• Responsible for the UAT/Beta testing of changes to system to ensure correct reporting to the FCA

• Producing/oversight of management information highlighting risks

• Assisting with replays/back reporting requirements

• Provide coverage across EMIR reg reporting, MiFID II Research Costs and EMT/RTS28 reporting

• Ensure operational effectiveness of systems and controls

Regulatory Reporting

• Responsible for calculating Quarterly PRIIPS Transaction Costs for MiFID impacted funds

• Responsible for producing Annual RTS28 reporting

• Ensure operational effectiveness of systems and controls

• Responsible for identifying and remediating data issues, owning items through to completion

• Vendor management/relationship with the Vendor (Bloomberg)

• Producing/oversight of management information highlighting risks

• Responsible for driving process improvement and digital automation within the process

  • Provide coverage across EMIR reg reporting, FCA transaction reporting, EMT/RTS28 reporting and MiFID II Research Cost

  • Ensure that documentations and procedures are up to date and proper control measure are in place.

Stakeholder Management

• Effectively communicate with various stakeholders globally, PMs, Analysts, Brokers, Finance Technology, Compliance, Risk and establish a high level of credibility with business unit contacts

• Identify and recommend opportunities to refine operational effectiveness of processes and controls

• Identify and escalate any service issues received from customersand stakeholders

Special Projects

Special projects will arise from time to time that will require strong financial knowledge, strong analytical and organizational skills with an innovative mindset. The role will be responsible for handling projects as required by the management pertaining to the introduction of new services, products and processes designed.

Required Qualifications:

• University degree in accounting and finance or business

• 5+ years of progressive experience in a financial services company and/or shared services environment

• Regulatory reporting experience is an advantage

• Good understanding of the end-to-end production environment, and the impact of changes to the reporting process, production schedule, and all the systems and applications supported by Finance.

• Excellent analytical, problem-solving, and influencing skills.

• Ability to remain updated on the evolving regulatory landscape – including new/amended rules & regulations and hot topics in risk management.

Preferred Qualifications:

• Ability to work in ambiguous environment and adapt to change while managing time and workload with aggressive timelines.

• Strong interpersonal skills and ability to work effectively across cultures. Excellent English written and verbal communication skills.

• Proficient in using Bloomberg Terminal and functions; RHUB, AUDT, TC

• Intermediate to Advanced knowledge of Excel (i.e. mastery of excel formulas and pivot tables is a must; VBA is a plus). Proficient in MS Office suite including Outlook, Word, Power Point, and Project.

• Capable of building a business case for potential process improvements including cost/benefit analysis

• Flexible on shift and overtime may be required to meet business deadlines.

• Participates in educational opportunities; reads professional publications; maintains networks and participates in professional organization to always be up to date on job knowledge.