Lead Analyst, Regulatory Oversight Management

BNY Mellon
Manchester, United Kingdom
02 Feb 2023
16 Feb 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
BNY Mellon is hiring a Lead Analyst, Regulatory Oversight Management to join the Trade & Transaction Reporting Team. The team supports BNY Mellon's Foreign Exchange (FX) CT (compounds tradeable) swaps, Securities Finance, Collateral Management & Segregation, Liquidity and Fixed Income & Equities businesses. The role will be responsible for the trade and transaction reporting commitments of our global regulatory reporting including EMIR, SFTR, MiFID II
The Trade & Transaction Reporting Team is expanding in Manchester to support the EMEA region's regulatory reporting commitments.
The role offers a fantastic development opportunity for the right candidate, currently working within a fast paced, deadline driven operational or client facing functional area, who is looking to build knowledge and gain valuable insight into our regulatory commitments and work within a highly controlled but continuously changing operational environment.

Core Responsibilities
  • To support the Markets Group managing their transaction exception reporting process, remediation and change process and providing governance and oversight of the reporting commitments to the various European Regulators
This will include but is not limited to:
  • Responsible for the adherence to the policies, procedures, and controls. Oversee remediation and change projects impacting existing / new regulatory change requirements, monitor progress, complete UAT and post check out requirements. Work with the operation manager and control officer to operationalise any change
  • Maintain accuracy of reports and be responsible for the maintenance and implementation of processes to ensure correct and accurate regulatory reporting.
  • You must build close working relationships with our key functional stakeholders and the Markets LOBs to ensure the correct management and oversight of our reporting commitments, whilst acting as a point of contact you will develop detailed knowledge of regulatory requirements, the process flows and be able to provide reporting data analysis in order to meet and support the regulatory requirements.
  • Investigate reconciliation breaks with QA reconciliation team and identify root cause.
  • Timely escalation of issues identified in the process in line with regulatory operations escalation process and protocols.
  • Work with the LOB's / Key Stakeholders in relation to regulatory exceptions.
  • Working closely with the LOB's / Key Stakeholders to reduce the number of remediation and change items
  • Manage communication with trade and transaction operations team leads with regard to upcoming implementation releases
Key responsibilities:
  • Ensure the operational readiness for our remediation and change book of work.
  • Ability to work independently and possess a strong work ethic and be able to adapt quickly to change.
  • Continuously challenge processes to identify areas for improvement
  • Point of contact for BAU operations team to raise new exceptions/fail issues
  • Assist with breach investigations and root cause analysis
  • Represent trade and transaction operations team on remediation and change meetings
  • Conduct UAT testing and post check out requirements
  • Ensure correct governance and documentation is in please prior to approving implementation of change.
Minimum Educational or Experience Requirement:
  • 2 or more years' experience working within a change/project environment
  • Strong Risk, Control Management or Operational background from Financial Services.
Core Competencies:
  • Excellent communicator who can articulate complex issues.
  • Strong technical and analytical skills.
  • Service oriented, with the ability to drive open issues through to resolution.
  • Must demonstrate attention to detail and a commitment to producing highly accurate and timely reporting.
  • Ability to build relationships and collaborate across Asset Servicing, Markets, Compliance, Legal and the wider organisation.
  • Professional, reliable, and conscientious.
  • Good analytic and problem solving skills, escalating any issues accordingly.
  • Investigative and inquisitive nature; willing to challenge accepted practices.
  • Confidence and ability to analyse, diagnose and take ownership of issues through to timely resolution.
Preferred Knowledge:
  • Knowledge of interest rates derivatives products, FX Derivatives, Cash instrument (fixed income)
  • Knowledge of regulatory reporting (SFTR, EMIR, MiFID II would be advantageous)
  • Markets Regulatory background would be desirable.
  • A strong control mind-set, including governance frameworks.
  • Experience with UnaVista, DTCC, IHSM Markit and TradeWeb desirable
Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
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