Stock Borrow Loan - Regulatory Team Analyst - SFTR

Last updated 6 days ago
Job Type:Full Time

The Stock Borrow Loan (SBL) desk is part of the Prime Finance Organisation. SBL undertakes various trade structures ranging from short coverage, financing, conduit lending, dividend yield enhancement and the facilitation of longer-term non-standard structured deals. To support this, SBL borrows stock from counterparties based in various countries around the world and flows this stock through multiple legal entities onto the relevant risk entity. The team directly support the front office trading desk and have direct interactions with external clients.

The Stock Borrow Loan Middle office's main function is to facilitate and control the end to end life cycle of Equity Borrow / Loan activity for the Investment Bank in EMEA. Liaison with external counterparties & traders on a day-to-day basis is the key to success. The SBL product forms part of the Securities Financing world, as such is in scope for upcoming SFTR (Securities Financing transaction Regulation) April 2020. To provide additional transparency to the European regulator.

Roles & Responsibilities

  • Timely and accurate submission of daily regulatory reporting

  • Review exceptions and remediate, using root cause analysis and understanding of upstream and downstream flows in order to prevent exception reoccurring

  • Understand the regulatory requirements working with Legal / Compliance / Industry (ESMA) /Equities industry groups (International Securities Lending Association) /DTCC) & internal stakeholders

  • Working closely with business and Technology group to prioritize the requirements linked to Regulatory and Industry changes

  • Maintain high standards of controlled environment of Regulatory Reporting

  • Ensure all controls and checks are completed on End of Day

  • Provide timely escalation to senior management where required

  • Remain flexible within the wider SBL middle office to provide coverage and support

    V. Qualifications / Experience / Knowledge:

    Skill sets required

  • Previous experience in the Financial Services industry

  • Excellent problem solving skills in order to identify, understand and address operational and technical issues

  • Strong communication skills, both written and verbal, including the ability to develop relationships across the various stakeholders including Senior Business executives

  • Ability to work in a high pressure environment with time critical deliveries

  • Control mind-set to identify process control gaps, prioritize & mitigate operational risk

  • Excellent time management skill and ability to prioritize work effectively

  • Ability to respond to a changing environment

  • Be innovative and suggest system improvement capabilities

  • Ability to multi task, ensuring the controls are performed correctly, breaks are resolved and MIS being sent to managers on deadlines

  • Positive “Can Do” attitude

  • Contributes to an environment of collaboration and mutual responsibility

  • Good understanding of downstream impact of actions undertaken, particularly the requirement for strong and timely controls throughout the life cycle of the trade