Trade Reporting Officer

TRAction; Greater London; On-site; GBP 45,000 - 75,000; Full time

Job summary

TRAction in London is seeking a Trade Reporting Officer to support onboarding, data processing and timely regulatory reporting for MiFIR/EMIR. The role involves working with SQL scripts to validate client data and ensure accurate submissions to regulators.

The candidate will coordinate with IT to fix issues and liaise with teams to implement process improvements. The successful applicant will be part of a dynamic, on-site team in a fast-growing Regtech environment, with opportunities to develop

Qualifications

• Experience in data processing within a bank, broker or fund.
• Experience with regulatory reporting (EMIR/MiFIR) is preferred.
• Strong SQL skills and data validation abilities.

Responsibilities

• Monitor transaction data for discrepancies and take corrective action.
• Process client data using tailored SQL scripts.
• Submit transaction reports to regulatory bodies in a timely manner (T+1).
• Identify and resolve errors in reporting systems (LSEG UnaVista).
• Liaise with internal teams to implement process improvements.

Skills

SQL

Data processing

Regulatory reporting

Analytical skills

Communication

Education

Bachelor's degree

Tools

LSEG UnaVista

Asana

Job description

TRAction is a leading company in the global Regtech industry providing regulatory trade reporting solutions and services to businesses dealing in OTC derivatives and other financial products requiring transaction reporting. We support hundreds of clients across the world to meet their regulatory reporting obligations under ESMA, the FCA, ASIC, MAS and more. We are an innovative company with a diverse team of driven professionals steering TRAction’s successful and continued expansion.

Join us to work alongside a highly experienced and vibrant team, access opportunities for career growth and further training, gain experience liaising with global clientele, and develop invaluable skills within both the finance and rapidly expanding Regtech industry.

About the Role

Location: London, UK

Full-time - Required to work later shift 10:00 am - 7:00 pm

On-site

The primary purpose of this role is to support the work of the team which manages the onboarding, processing of client’s data and reporting.

The Trade Reporting Officer will report to the Trade Reporting Manager.

Primary Duties

• Monitor and assess transaction data to identify discrepancies or irregularities, taking necessary action to rectify any issues.
• Process the client's data using tailored SQL scripts.
• Utilize SQL to investigate client data volume and changes.
• Manage and oversee the timely and accurate submission of transaction reports to relevant regulatory bodies.
• Resolve errors in LSEG Regulatory Reporting (Formerly UnaVista).

Troubleshooting

• To identify and find solutions to problems as they arise.
• Conduct regular accuracy reviews of transaction reporting processes to identify areas for improvement and implement necessary changes.

Data Submission

• Load data to relevant trade repositories.
• Submit ARM trades to MiFIR Trade Repository (LSEG) and EMIR EU/UK trades and positions to the relevant Trade Repository.
• All clients transactions to be submitted with deadline T+1.

Process documentation

• Follow documented procedures for each client.
• Update documentation with any new clients or changes in the client process.

Support

• Follow up with clients who haven't submitted data or have incomplete data.
• Inform clients of rejected trades.
• Relay any relevant processing errors to developers that need code fixes.
• Handle client matters (both general and technical) in a timely and effective manner.
• Liaise with the reporting/IT team to ensure clients are updated on any reporting process changes due to regulatory updates.
• Ensure products are effectively maintained so that clients are compliant with regulations.

Collaboration and Compliance

• Collaborate with internal teams to develop and implement efficient processes and controls for transaction reporting, ensuring adherence to best practices and regulatory standards.
• Stay updated on changes in regulatory requirements and communicate relevant updates to the organization, ensuring ongoing compliance.
• Ensure compliance with all relevant regulatory requirements, including but not limited to EMIR and MiFIR, and other applicable regulations.

Guidance and Documentation

• Provide guidance and support to internal stakeholders on transaction reporting matters, offering training and assistance as needed.
• Generate and maintain comprehensive documentation related to transaction reporting activities, including reports, policies, and procedures.

Daily Duties

• Processing of clients Transactions.
• Managing and Resolving LSEG Regulatory Reporting (Formerly UnaVista) exceptions for clients.
• Liaising with the team to log outstanding exceptions in Processing Reports and Related Tasks in Asana.
• Coordinating with the team on Error Reports and Related Tasks in Asana.
• Liaising with the team preparing and finalizing the Reports.
• Addressing Handover of Unresolved clients.
• Implementing Urgent Fixes and Adjustments as Required.
• Adherence to Support Coverage Hours.
• Assist with Reconciliation project.

The Successful Applicant

We are looking for someone to work within the processing team, be a jack of all trades, be eager to learn and grow with the company, with some or all of the following experience and attributes:

• Experience in data processing within a bank, broker or fund.
• Appropriate tertiary qualifications or equivalent experience.
• Demonstrate initiative and positive professional attitude with the desire to develop new skills.
• Clear communication skills especially in documentation and liaison.
• Demonstrate problem solving ability and be able to work independently.
• Excellent business and technical analytical and trouble-shooting skills.
• Excellent computer and Microsoft office skills, especially excel.
• Trading and derivatives knowledge or interest.
• A passion for learning and increasing their skills.
• Great organisation skills, developing and implementing business processes and structures.
• Preferably have an interest in Finance and Technology.
• Ability to write in a creative and compelling manner.
• The sturdiness of character to deal with a wide range of personalities, cultures and time zones.

What's On Offer

• Full time role.
• Exciting fast-growth company and great working environment.
• Opportunity to specialise in a major growth area in the financial markets.