Senior Associate – EMIR Oversight COE

Please note that this is a 9-month fixed term contract

Waystone leads the way in specialist services for the asset management industry.

Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide.

With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now serving assets under management in excess of $2Tn. Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.

The role of Senior Associate – EMIR Oversight has unique requirements and duties; however, these responsibilities are to be executed within the organization’s framework of core values. Waystone expects all employees to be high performing, self-motivated, learners and leaders.

The Senior Associate – EMIR Oversight will support the client through specific regulatory reporting activities. This will be completed by working closely with the other team members and work in a supportive role within the Global COE team (supporting the broader Waystone operations). The client base will be other Waystone entities and external clients/stakeholders.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Review of daily data quality checks in line with ESMA guidelines.

Review and Completion of reconciliations between trade repositories and administrators.

Be the primary contact to resolve queries relating to inaccuracies in data quality reporting and trade submissions in a timely manner to ensure internal escalation frameworks are adhered to.

Completion of trade submissions to the trade repository.

Participate in regular service reviews with internal Waystone entities which are leveraging the CoE for regulatory reporting activities.

Provide input when required to the Manager to ensure KPI’s and MI packs are produced accurately and in a timely fashion for both internal Waystone entities and senior management.

Participate in supporting clients servicing through attending calls, sending and receiving emails and in person meetings where necessary.

Follow and enhance existing procedures to solve routine problems.

Be proficient in problem solving, striving to use own initiative to take ownership of the task.

Work co-operatively with other groups in different locations and time zones, particularly the offshore team members

Provide adequate documentation and backup of all operational processes.

Participation in on the job training for new hires.

Aspire to be a subject matter expert in regulatory reporting requirements specific to EMIR & SFTR

Be driven, inquisitive and be able to self-manage.

Keep abreast of regulatory changes, in particular in relation to EMIR and SFTR and help oversee and implement within the business where required.

Assisting with ad-hoc projects and queries.

Proactively support further migrations and integrations to the EMIR Oversight team.

Other projects and duties as assigned.

Education: A minimum of a 3rd level Degree in Finance, Business or similar field is required.  A Master’s

Degree in a Finance or Regulation or a related professional qualification would be desirable but is

not a requirement.

Experience:

The successful candidate will ideally have worked for at least 3-5 years in a regulatory, trading,fund accounting related role or similar in financial services preferably within the funds industry.

Knowledge of or previous exposure to some regulatory filings, including but not limited to, EMIR and SFTR is preferable but not a requirement. 

It would be beneficial if the applicant has previous exposure through work or education to the area of reconciliations and have a strong knowledge of a range of financial instruments including derivatives.

The role involves detailed use of Excel and is a quantitative role so an aptitude and comfort working with numbers and spreadsheets is preferred. Also an aptitude in using systems in the completion of various regulatory compliance is required.