Assistant Manager - Business Analyst - Transaction Reporting/Regulatory Reporting - Remediation Team - Bank

Process Overview

Transaction Reporting Operations are responsible for ensuring the completeness, accuracy and timeliness of the Bank's transaction reporting obligations across multiple global regulatory jurisdictions.

In response to client need and expectation, BofAML offers a delegated transaction reporting service to a select set of clients to enable them to meet their regulatory reporting obligations under the European Market Infrastructure Regulation (EMIR), MIFID and SFTR. An exciting opportunity has arisen to be a member of a new regulatory operations team supporting the EMIR delegated reporting service. The role currently sits within the Transaction reporting operations team and has a combination of Regulatory, Client Service and Control elements to it. The role offers great exposure to internal products, systems, and front to back functions, as incoming queries and requests often require interaction with Sales, Trading, Technology and Operations. Successful candidates will have the opportunity to be part of a new team in Mumbai and input into the design and implementation of a high caliber support model for the Delegated Reporting offering. An ever changing regulatory landscape offers candidates the opportunity for changing roles & responsibilities.

Job Description

This role is within the Remediation team. The purpose of the team is to apply analytical and project management expertise to Transaction Reporting breaches which have been identified, working with colleagues in Compliance, Operations and Technology until resolved. This is a very hands on role, ideal for someone who has a keen eye for detail, yet also seeks the managing and delivering on remediation

Responsibilities:

- Business Analysis throughout full project lifecycle including definition of problem statement, requirements, creation and execution of test plans, and ensuring business readiness for implementation.

- Ensuring appropriate due diligence is performed when resolving breaches ensure root cause, impact and any remediation actions are truly understood and documented.

- Ensure appropriate escalation and management information to operations, LOB areas and governance routines.

- Partners with the business SMEs, Technology and Compliance.

- Help manage risk and ensures documentation is in place to record the details of project delivery and testing to audit standard.

- Day to day activities includes thorough research on Breaches creating business documentation and tracking deliverables as required.

- Working with other change teams, to identify impacts onto Transaction Reporting and ensure that appropriate UAT or Regression testing is performed.

- Deliver on project commitments and goals, on-time and with agreed upon scope.

- Deliver for business partners like MO change management teams, Regulatory Operations Control team, Business Analyst team, and senior management team.

- She/he will also be expected to develop and implement tactical and strategic solutions in different areas of operations within team.

Requirements

Education: Post graduation

Experience: 6-8 years in Transaction Reporting or regulatory reporting experience with regulatory environment experience AND Basic understanding of the regulatory trade and transaction reporting landscape would be ideal

Foundational Skills:

- Extensive business analysis, data analysis and testing skills are required for this role

- Exposure to working with remediation of regulatory mis-reporting is an advantage.

- Familiar with key regulations covered by TR Ops: EMIR, MIFID (desired: REMIT, SMMD, MIFID II)

- Experience of working in Banking MO, Operations or other relevant functions

- Experience in remediating transaction reporting issues, including back-reporting

- Familiar with key trade flow components: how trades are booked, cleared, captured, consumed by the reporting systems, processed, submitted to the regulatory / repository)

- Product specific knowledge inside / outside of transaction reporting operations

- Experience in key transaction reporting systems and how they interact with each other

- Strong analytical skills and experience working with large data sets in Excel.

- Strong communication skills, both written and verbal.

- Ability to work independently and assess relative priority among competing issues.

Desired Skill:

- Ability to assess and mitigate risks and dependencies.

- Excellent communication and relationship building skills.