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Regulatory Reporting - Team Lead

AT State Street
State Street

Regulatory Reporting - Team Lead

Bangalore, India

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

  • The primary responsibility of a regulatory reporting professional is to collect, analyse, and report trading data in a timely and accurate manner. This includes reviewing and verifying transaction data to ensure it meets regulatory requirements and working with traders and other stakeholders to resolve any discrepancies with MiFID reporting requirements.
  • Preparing and submitting regulatory reports in accordance with established timelines
  • Responsible to perform daily Reconciliation of trades to ensure compliance with reporting regulations, including the accuracy, completeness and timeliness of the data reported.

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  • Maintaining accurate records and documentation related to trade reporting
  • Collaborating with internal stakeholders and external counterparties to resolve reporting issues
  • 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 DTCC Report Hub, TRAX, DUCO 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. identify potential compliance issues.
  • Stay updated on regulatory changes and implement necessary adjustments to reporting processes
  • 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

These skills will help you succeed in this role

  • Minimum of 8 years of experience in regulatory reporting with a focus on MiFID II.
  • Proven leadership skills with the ability to manage and mentor a team.
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal abilities.
  • Proficient in regulatory reporting systems and databases.
  • Detail-oriented with a commitment to accuracy and timeliness.

State Street's Speak Up Line

Client-provided location(s): Bengaluru, Karnataka, India
Job ID: StateStreet-R-764682
Employment Type: Full Time