Trade & Transaction Reporting QA Business Analyst

Job Description

Trade & Transaction Reporting QA Business AnalystCanary Wharf/Hybrid£650 PAYE per day6-month ContractIn this role you will track and analyse regulatory communications and updates across EMEA regulators regarding all trade and transaction reporting regulation and updates including European Market Infrastructure Regulation (EMIR), Markets in Financial InstrumentsRegulation and Directives (MiFID/MiFIR II) and Securities Financing Transaction Regulation (SFTR).The Responsibilities of a Trade & Transaction Reporting QA Analyst - Vice President Will Include:Present at the bi-monthly TTRC (Trade and Transaction Reporting Committee).Track and analyse regulatory communications and updates across EMEA and work with the SMEs and end users to understand and document the practical implications for all associated systems and processes.Concise ongoing update and revision of all applicable Traceability Matrixes.Communicate with internal colleagues to understand the current practise and processes of departments and the organisation, including liaising with EMEA offices to identify where change is required and to ensure compliance across the regionOversee system changes and timescales required to introduce regulatory changes and ensure the correct governance of the change processWork closely with the SMEs to appraise stakeholders of the potential impact of regulatory change on the service, function or system/s highlighting the options, impact and potential links between required changes on the existing infrastructure so that wellinformed decisions can be madeCommunicate clearly within a multi-disciplinary team, gain consensus for the best solution and implement the required changes to maintain compliance with regulation and/or gain efficiencies. Ensure that the benefits of changes and recommendations are madeclear to the relevant departments and to senior stakeholders and address any uncertainty and concern.Detail the appropriate business requirements and regulatory technical specification to support any changes or new requirements to ensure the bank is compliantSupport and involve the appropriate staff and teams in the QA, testing and delivery of changes, including helping to resolve any issues.Attend industry forums to horizon scan and stay aware of upcoming regulatory or market changes.The Successful Trade & Transaction Reporting QA Analyst - Vice President Will Have:Educated to degree levelExperience of participating in regulatory driven and/or systems project teams.An in depth understanding of trade and transaction reporting obligations.Able to produce gap analysis/requirements, workflows and technical requirement documents.Working knowledge of EMEA regulatory requirements, the banking products it impacts and prior experience of providing regulatory analysis and business requirements documentationKnowledge of EMIR, MIFIR &/or SFTR regulations considered highly advantageous.Proven ability to analyse current and future regulatory requirements and translate them into practical implications for specific processes and systems.Previous experience in assisting a Regulatory liaison team to manage regulator expectations for remediation of transaction reporting errors & back reportingTechnical skill required to analyse impact of regulation on bank system infrastructure and liaise with technical SMEs to agree appropriate solutions