Company overview:
Britannia Global Markets provides a wide range of bespoke financial services to a substantial and diversified client base that includes corporations, financial institutions, and individuals.
With more than 120 years of banking tradition, the group is headquartered in the City of London and maintains offices in major financial centres around the world.
Role Overview
The Operations Analyst will support the elements of the transaction lifecycle management or the reconciliation function within the target operating model. This includes clearing, settlement, option expiry, static data, exchange reporting, counterparty reconciliation of trades, positions, cash and inter-system reconciliation where applicable. An important focus is to operate efficiently, root cause analysis is adhered to and to ensure appropriate documentation is in place to support operational excellence and run an exception based model.
Role & Responsibilities
* Monitor the transaction clearing process and ensure any issues are addressed and root cause analysis is completed to prevent reoccurring issues.
* Remediation of exceptions by investigating, correcting and resubmission of erroneous exchange reporting obligations.
* Complete the trade settlement processes including and not limited to expiration and option exercise and assignment processes.
* Complete the exchange reporting activities including monitoring exceptions and escalating where appropriate.
* Monitoring and analysis of regulatory reporting exceptions identified for reporting eligibility to ensure completeness and accuracy of reporting (MiFID/EMIR).
* Management of static data processes.
* Monitor the reconciliation process for counterparties, regulatory reporting and inter-systems where applicable and ensure any issues are addressed and root cause analysis is completed to prevent reoccurring issues.
* Complete reconciliation reporting of breaks to management to adhere to governance.
* Maintenance and build of reconciliations within the Duco application.
* Remediation of exceptions by investigating, correcting and resubmission of erroneous reports.
* Complete allocated tasks that contribute towards automation to reduce manual processes.
* Communicating and collaborating with a variety of internal and external stakeholders to resolve issues and maintain good relationships.
* Maintain operational controls within the operational landscape.
* Participation in UAT and Implementation of new products and projects where allocated.
* Produce processes and procedures across the operational landscape.
Experience we are looking for
* Minimum 2+ years’ operations experience within an brokerage environment.
* Understanding of the transaction lifecycle management e.g. trade settlement, expiration process, option exercise & assignments.
* Understanding of the reconciliation process.
* Static data experience e.g. product static and client static and the impact this has on downstream regulatory and exchange reporting.
* Experience of XTP, Spectrum and Duco or similar post trade and reconciliation applications.
* Accuracy and attention to detail.
* Quick learner with the ability to learn new processes and applications.
* Proactive. Required to digest what is needed and make the role fit the needs.
* Excellent communication and collaboration skills with a variety of internal and external stakeholders.
* Good analysis and problem-solving skills, escalating any issues accordingly.
* Investigative and inquisitive nature; willing to challenge accepted practice.
Nice to Have
* Regulatory Reporting experience and exception management experience (MiFID/EMIR)
* Ability to translate, understand and digest technical knowledge and apply this to the processes that reside within the target operating model.
* Experience across exchange reporting such as Exchange (CME/ICE) Large Trader Reporting.
* Experience working on projects (with good organisational skills).