Officer- Ssgm Reg Reporting

The European Securities and Markets Authority (ESMA) is an independent European Union (EU) Authority that contributes to safeguarding the stability of the EU's financial system by enhancing the protection of investors and promoting stable and orderly financial markets. The SSGM regulatory reporting team covers 3 major ESMA regulations
- MiFID, EMIR and SFTR. MiFID II (Markets in Financial Instruments Directive) covers new dealing commission rules, transaction reporting, clearing and other transparency requirements. The

European Market Infrastructure Regulation

, otherwise known as EMIR, was created with the intention of stabilizing over-the-counter (OTC) markets found within EU member states. ESMA regulates securities financing activities by setting out reporting requirements, data access, collection, verification, aggregation, comparison and publication of data on securities financing transactions (SFTs) by trade repositories (TRs). The Securities Financing Transactions Regulation

SFTR

) is the main piece of EU legislation in this area

The London Regulatory Reporting team has the responsibility of ensuring SSGM meets its self as well as delegating reporting obligations under EMIR, MiFID and SFTR. The team has the responsibility to report the FX and SF transactions emanating from its various European trading venues.

The officer has the primary responsibility to manage and oversight the LRR and SFTR team who has regulatory responsibilities including, but not limited to
- Responsible to perform daily review of reportable trades to ensure compliance with reporting regulations, including the accuracy, completeness and timeliness of the data reported.
- Working proactively with the Business operation teams, Compliance, IT, standard industry system like IHSM, Pirum, DTCC and other stakeholders to ensure consistency in transaction reporting
- Tracking and monitoring potential onboarding issues and delays and respond to queries regarding the status of specific requests or new clients
- Meeting agreed SLA's and KPI's -Ensure consistent quality in client delivery and ensure the KPI timeliness and accuracy goals are met for the team.
- Understand end to end of the process (including new ones) and contributes to process improvement ideas highlighting any potential process risk to the managers.
- Understanding about reconciliations and responding to client queries on reconciliation breaks
- Timely escalation of material issues to Senior Management to ensure good decision making and awareness
- Ensure trades that fall out of the STP process are highlighted, tracked and remediated where appropriate
- team will be heavily involved in ALL aspects of regulatory changes required, be it from the understanding of regulation changes, to new implementations concerning systems, to UAT testing of the same, again ensuring a complete front to back understanding of the regulatory processing

Technical Skills - IT and Systems
- Intermediate, demonstrable knowledge of Microsoft Access and Excel
- Trax
- TriResolve,
- Qlikview
- DTCC (TR view)
- IHS MARKIT
- PIRUM
- EQUILEND

the Manager will be expected to display the following Managerial qualities:

- Demonstrate ‘Risk Excellence’ culture in your behaviour and nurture the same ethos within the team, encouraging an environment of openness and transparency that fuels effective challenge, debate and open discussion.
- Establish and nurture a culture of individual and collective ownership at the ‘captive’ giving all staff a clear sense of both responsibility and accountability. Develop effective working relationships with all SSGM staff at all levels across all locations
- Ensure that all staff adheres to the expected SSGM Code of Conduct.
- In depth knowledge of regulatory reporting domain
- EMiR, MiFID, SFTR or any other regulatory reporting framework and working experience in tools like TRAX, Triresolve, Pirum and Equilend
- Should have 8-10 years of experience in knowledge services environment serving Capital Market in regulatory reporting domain, handling a team of over 10 people at a minimum.
- Communicates with other team members from diverse background in an effective manner. Influences and motivates the team. Creates an empowering climate. Projects an inspiring presence and collaborates by fostering a network of communication
- Demonstrates flexibility and effectiveness with changing environments, tasks, responsibilities & people. Is open to change and new ideas while maintaining core goals and values. Adapts behavior and work methods in response to new information, changes or organization demands
- Ability of an individual to facilitate the continuous development of individual & organizational competencies, developing other’s potential through the sharing of expertise and providing timely feedback. Continue to coach and mentor staff.
- Track and monitor the workflow queues/day to day workload/pending requests/mailbox to avoid any potential issues and delays and en