Regulatory Reporting Associate - EDI - 1
Description About this role Team Overview Transaction Management as part of Global Investment Operations is primarily responsible for the affirmation, confirmation, reporting and settlement of all trade activities generated by BlackRock, across all locations and all instruments. The global transaction management team is approximately 115 people across multiple locations.
This is a Regulatory Reporting role which focuses on daily process and control in respect of BlackRock's global regulatory reporting obligations. The role will cover various regulations (including SFTR, EMIR , ASIC, MAS, FMIA and MIFID II ) and the successful candidate will be responsible for oversight of the completeness and quality of transactional data submitted to the Trade repository by both Blackrock and external partners.
The role will involve monitoring transmission of reports, managing and repairing rejected reports, management of data quality with external parties as well as process scalability, enhancement of controls and quality assurance.
We are seeking a candidate to enhance our team who is control focused, risk aware, impact driven and has a desire to understand and question all aspects of regulatory reporting.
Role Responsibility - Monitor the status of BlackRock's regulatory reporting, ensuring that BlackRock's reporting obligations are timely, accurate and complete
- Identify and drive root cause resolution of control exceptions with the key internal and external stakeholders
- Conduct and complete daily regulatory reporting quality control checks to ensure that BlackRock's reporting obligations are complete
- Produce accurate and meaningful metrics on BlackRock's regulatory reporting obligations to facilitate and ensure transparency across the firm on the status of BlackRock's regulatory reporting obligations
- Partner with the portfolio compliance group, legal and compliance team and other internal and external stakeholders to ensure that BlackRock meet's its regulatory obligations
- Take on ownership and accountability for BlackRock's regulatory reporting and become the subject matter expert (SME) for this business
- Support the team with any required record keeping, information gathering & reporting.
- Proactively identify and interpret changes in regulatory requirements, legislation and industry best practice that may affect the company and understand the impact these may have on the processes and control within the team in partnership with L&C
- Complete ongoing reviews of internal reporting policies for reasonableness and compliance with applicable regulations
- Identifying ongoing technology development requirements to improve reporting efficiency and data integrity
- Assertive management of external stakeholder relationships as fiduciary for our clients
Experience - Ideally 3-5 years Investment Operations experience preferably within Trade settlement and trade confirmation roles across multiple asset classes
- Regulatory reporting experience and knowledge preferably with EMIR & MIFID
- Understanding of Derivative financial markets and related instruments
- Working knowledge of sql, python or vba
- Experience in audit and/or controls are preferred.
- Demonstrates a risk focus and an understanding of the importance of identifying potential risks and of reporting risks to line management and other relevant parties.
- Consistent track record of positive relationship management skills, with the ability to engage a broad network of colleagues to resolve issues.
Competencies - Data analysis including assessing data quality and any potential gaps
- Analytical mind set to resolve immediate issues with tactical solutions with a view on strategic solutions
- Strong processing skills, as well as an analytical and systematic approach to work
- Confident technology skills including knowledge of database tables, writing SQL query and advanced excel
- Focus on outcomes and quick execution
- Urgency and escalation awareness
- Ability to continually question and challenge process and control effectiveness
- Proactively learn systems and the processes behind the theory of what they are completing and display proficiency in those core systems to efficiently solve problems and queries.
- Ability to facilitate compromise between conflicting requirements or points of view
- Have strong experience of supporting a change agenda in reviewing requirements and design, participating in User Acceptance Testing and supporting rollout of change initiatives
- Able to take ownership of the design and operating effectiveness of key controls and processes
- Understand industry and market driven initiatives to understand risks and impacts
About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2020, the firm managed approximately $7.32 trillion in assets on behalf of investors worldwide.
For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
