Regulatory Reporting Business Analyst

JR United Kingdom; London; Hybrid; GBP 105,000 - 121,000; Full time

Job summary

A leading Financial Services organization in London seeks a Regulatory Reporting Business Analyst to join their Regulatory Change function. The role involves analyzing requirements, documenting business needs, and collaborating with stakeholders to ensure compliance with trade and transaction reporting regulations. The ideal candidate will have expertise in SFTR, MiFID, and EMIR regulations, along with strong analytical and problem-solving skills. This hybrid position offers a competitive salary and discretionary bonus.

Benefits

Discretionary bonus

Hybrid working

Excellent benefits

Qualifications

• Experience with MiFID II, EMIR, and CFTC regulations.
• Proven track record in delivering transaction reporting projects.

Responsibilities

• Analyse requirements for resolving issues with Transaction Reporting Technology.
• Produce business requirements for SFTR regulations.
• Collaborate with stakeholders to ensure accurate implementation.

Skills

Analytical

Problem-Solving

Relationship-Building

Tools

SQL

JIRA

Job description

Regulatory Reporting Business Analyst – Financial Services – Up to £105k + 20% bonus – City of London - Hybrid

Overview:

We are currently partnered with a leading Financial Services organisation that offers an exciting opportunity for a seasoned Regulatory Reporting Subject Matter Expert (SME) to join their Regulatory Change function within Operations Technology. The role involves conducting business analysis on issues reported to the team, defining and documenting requirements for developers, and collaborating with key stakeholders to prioritize developments. A critical aspect is ensuring changes uphold the completeness and accuracy of trade and transaction reporting.

Role & Responsibilities:

1. Analyse and determine requirements for resolving issues raised with the Transaction Reporting Technology Team.
2. Produce business requirements for reporting trades and transactions under SFTR regulations.
3. Assist in creating business requirements for other G20 regulations, such as MiFID and EMIR.
4. Document business and functional requirements, ensuring alignment with stakeholders.
5. Ensure governance and control frameworks are followed for changes impacting regulatory reporting.
6. Collaborate with Change, Operations, Compliance, and Technology to ensure accurate implementation of regulatory deliverables.
7. Implement best practices for current and future regulatory reporting requirements.
8. Define and template test strategies and test cases to identify issues in developed changes.
9. Support UAT processes and testing of developed changes.
10. Understand and enhance current regulatory reporting governance, controls, and architecture in the business.
11. Maintain a strong understanding of transaction reporting requirements under SFTR regulations.
12. Experience with MiFID II (Real-time and T+1), EMIR, and CFTC regulations.
13. Proficiency in FpML and XML standards for transaction reporting.
14. Proven track record in delivering transaction reporting projects, including new initiatives and remediation.
15. Strong product knowledge in Repo and Securities Lending; secondary understanding of Equities, Bonds, ETDs, and OTC derivatives.
16. Knowledge of project lifecycle and UAT processes.
17. Strong analytical, problem-solving, and relationship-building skills.
18. Proficiency in Microsoft desktop software.

Preferred Skills:

• Experience with Pirum and IHS Markit.
• Knowledge of Apex/Murex systems.
• Technical expertise in SQL databases.
• Familiarity with issue remediation tools like JIRA.

Package:

• Up to £105,000 basic salary
• Up to 20% discretionary bonus
• Other excellent benefits
• Hybrid working – 3 days onsite (City of London)