Transaction Reporting

Transaction Reporting role based in The City of London
Operations role working for a bank

About Our Client

This business is a vastly growing and regulated UK bank that connects emerging and frontier markets to the rest of the world, using FX and payments technology. Transforming the way payments and FX move through emerging markets, reducing friction so that more money gets to those who need it. Emerging markets payments are usually challenging, expensive, unreliable and opaque. This bank's solutions help fix these pain points. Ultimately, they connect traditionally hard-to-reach regions to global financial infrastructure, giving access to the best prices and the fastest, most reliable settlement.

FX and cross-border payments are often complex and expensive, especially when operating in emerging markets. The Bank wraps its deep and trusted relationships and strength of network around innovative digital capabilities, and cross-border transaction banking solutions to enable fintech, corporates, governments, development organisations and banks to move money to, from, and across often hard-to-reach markets.

Job Description

To ensure full and accurate Trade and Transaction reporting compliance for all eligible transactions across The Bank.

Completion of day-to-day workflows and processes; managing the T&TR exceptions as they arise across the various regimes (currently MIFIR TR and PTT, and EMIR)
Management of client delegated reporting processes
Performance of end-to-end reconciliations (front-end trading systems to trade repositories/MDP)
Sample checking and challenging of T&TR processes, running regular reconciliations and testing of those reconciliation processes
Collation and distribution of daily, weekly and monthly Management Information (MI)
Analysis and explanation of MI and exception trends, implementation of any remedial action
Performance of Accuracy Testing:

- Review results to establish where improvements or changes are required in the TR specification and/or where data or process changes are needed
- Remediation of transactions reported
- Reporting of Testing results

Ensuring sound processes and procedures are diligently followed and ensure these are kept in line with changes and developments in market practice
Working closely with Compliance on horizon scanning of any regulatory changes, ensuring plans are in place to meet any required changes
Ownership of KRIs for Transaction Reporting, ensuring these are regularly reviewed and are appropriate
Key SME for new product process, projects and change initiatives. Ensuring all TR requirements are documented and implemented ahead of product go-live
Documentation of procedures
Training colleagues on daily and periodic process - ensuring appropriate cover in place
Assisting and providing cover for Operations colleagues as required

The Successful Applicant

Qualifications

SME covering MIFID Transaction Reporting, MIFID PTT, EMIR
Knowledge of the RTS across a wide breadth of asset classes (FX/FXO/Rates/Bonds a minimum)
Advanced Excel skills
Experience with LSEG Unavista, DTCC, Regis TR, Anna DSB

Experience:

At least 5 years' experience in Transaction Reporting for relevant instruments, including experience of managing delegated reporting on behalf of clients
Previous experience with back-reporting
Previous experience performing daily reporting, exception management, and accuracy processes
Experienced in specification and testing of new reporting templates
Previous experience in a Middle Office environment desirable