Regulatory Reporting Analyst CGA104058
Job Industry: Temporary / Interim
Salary: Up to £450 per day
Job Type: Contract
Reference Number: CGA104058
Our client operates a large number of financial investment products which fall under the 'Packaged Retail and Insurance-based Investment Products' (PRIIPs) and 'Markets in Financial Instruments Directive II' (MiFID II) regulations.
They are required to produce PRIIPs and MIFID compliant data and documentation for these products in the form of Key Information Documents (KIDs), European PRIIPs Templates (EPTs), European MIFID Templates (EMTs) and MIFID Client Reporting.
One of the predominant components of the PRIIPs and MIFID reporting requirements are fund costs and charges, and in particular fund transaction costs.
Core data for these documents will be produced by a third party vendor, however the co-ordination of data flows to and from that vendor, exceptions management and end-state data review and analysis will remain in-house. The MIFID and PRIIPs team has been established in order to co-ordinate and complete these activities.
Reporting to the MIFID & PRIIPs team manager, the purpose of the role is to assist in the operational processes involved in the MIFID & PRIIPs reporting. Central to this role will be carrying out review tasks for externally calculated investment vehicle data (mainly transaction and operational cost data, but also some other performance data and general fund information). Other aspects of the role will include the day to day liaison with the third party vendor, managing any data flow or quality issues that present themselves and ensuring that issues are dealt with appropriately and promptly.
The variety and complexity of funds involved (covering a wide range of asset classes: Equities, Bonds, Real Estate, Private Equity, Multi Asset, Fund of Funds, Derivatives), will provide a range of varied and interesting challenges for the right candidate. Prior knowledge of the operational aspects of investing in these asset classes through fund vehicles would be a strong advantage.
Operating within a small team of around 5 people and under a strict timeline, there is a need for the candidate to be strongly self-motivated, good at working flexibly within an agile, small group, and good at communicating within the group and upwards to the senior team lead / to key business contacts.
The right candidate will have had an appropriate background in the funds industry, and will be familiar working with and analysing investment data on a large scale. A background in Fund Accounting role may be beneficial.
Involvement in all aspects of data review for PRIIPs fund transaction costs, operational costs and fund performance information:
*Analysis of out-bound data quality and Identification/correction of issues
*Liaison with the main third party data vendor to manage data exceptions
*Involvement in the review model, covering transaction cost, operational costs and fund performance data across a large volume of funds and fund types.
*Dealing with client queries on the final published data documents
*Assisting in the transition of new processes into BAU. This may include involvement in user acceptance testing and operating model design/implementation.
Qualifications / Experience
*Knowledge of investment industry and financial markets
*Strong Excel skills
*Background in Fund Accounting
*Working knowledge of EU PRIIPs regulations
*Working knowledge of various asset class types, including: Equities, Fixed Income, Real Estate, Derivatives, Private Equity funds, etc.
*Self-motivation (self -starter)
*Accuracy and quality control mind-set
*Planning & organisation skills