Associate – EMIR Oversight

All Waystone employees are expected to demonstrate our core competencies as outlined below. The role of Associate – EMIR Oversight COE 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.

Summary: The Associate – EMIR Oversight COE 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 in certain situations external clients/stakeholders.

Reporting to the reporting to Senior Associate – EMIR Oversight COE, the Associate – EMIR Oversight COE will be an integral part of the team’s success. The role will predominantly center around daily trade data quality checks, trade reconciliations and regulatory compliance.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Completion of daily data quality checks in line with ESMA guidelines.
• 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, especially the team in Luxembourg as required.
• Provide adequate documentation and backup of all operational processes.
• Participation in on the job training for new hires.
• 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.
• Aspire to be the proficient in the EMIR & SFTR requirements, and become proficient in the use of the reconciliation system, excel & the funds industry, especially with respect to regulations.
• Proactively support further migrations and integrations to the EMIR Oversight COE team.
• Other ad hoc projects and duties as assigned.

REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

The requirements listed below are representative of the knowledge, skill, and/or ability required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential

functions.

Education:

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

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

not a requirement.

Experience:

The successful candidate will ideally have worked for at least 2-4 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.

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.

Ability to problem solve, work autonomously on projects, while also being a collaborative and proactive team member.