Assistant Manager, Regulatory Operations

Department Description

The Market Operations team provides the centralised function for the maintenance of key trading services and reference data databases. The team spans the LSE (Equities and Fixed Income), Turquoise (part of the London Stock Exchange Group) and Data and Analytics Trading venues acting as a first point of contact for customers (both issuers and member firms). The team co-ordinates the production and dissemination of communications to customers and key organisations including EUI, CCPs, UKLA and FTSE Russell. Market Operations comprises of several functions, including Admissions, Market Management, Equities Operations, Operational Support, Regulatory Operations, Operational Change and UAT - and manages close operational relationships, internally and externally.

Team Description

The Regulatory Operations team is responsible for all the operations of daily and regular commitments under LSE plc, Turquoise and Data & Analytics (D&A) Trading regulatory obligations. This includes transaction reporting in UK, Europe, America and Canada as well as all MiFID II related RTS responsibilities.

Role Description

The Assistant Manager for Regulatory Operations reports to the Regulatory Operations Manager and has responsibility for the BAU Regulatory processes within that jurisdiction. They are expected to develop, enhance and support the growth of the controls and tasks undertaken for the Regulatory regimes.

The Assistant Manager is expected to take the lead on designated projects and relationships as directed by the Manager of Regulatory Operations. They are also expected to be an expert in the Regulatory Operations support processes and will assist junior members as necessary. They will work with Trading Venue Members and internal teams to ensure the accuracy of data within underlying systems (including the trading systems and data management systems) as related to those reporting processes under the applicable regulatory requirements.

As part of the Regulatory Operations management team, they are responsible for keeping abreast of all D&A Trading developments and their impact on operational processes relating to regulatory requirements such as periodic submissions to MAS, HKMA and ASIC. The Assistant Manager would also be expected to deputise for the Manager and represent the team when appropriate. Together, the Manager and Assistant Manager are responsible for overseeing the ongoing changes to processes, procedures, SLAs and operating models to deliver against regulatory obligations.

Key Responsibilities:
Team Creation
- Support the creation of a new Regulatory Operations team responsible for the regulatory obligations in Asia Pacific
- Seek to ensure consistency is achieved between the different Trading Hubs and Support Locations
- Build and maintain the operational oversight to help ensure Complete, Accurate and Timely Reporting
- Direct responsibility for helping manage the migration of existing processes into the Regulatory Operations team

Controls
- Manage regular and ad hoc regulatory reports across all current and future regulatory obligations in Asia Pacific
- Proactively identify issues in advance of regulators, execute resolutions, and implement process improvements
- Ensure reduction/avoidance of incorrect submissions/rejects to improve overall compliance with our regulatory responsibilities with NCAs and other regulatory bodies
- Maintain data integrity and quality standards including resolving existing data integrity and quality issues
- Manage and minimise operational risks at all times through the understanding of internal and external causes and impacts of risks, and monitoring of key risk indicators

Stakeholder Management
- Interface with internal Stakeholders - Compliance, Risk, Business
- Liaise with Compliance to contribute towards responses to regulatory queries from MAS, HKMA and ASIC

Change
- Identify and build the business case to improve operational processes, policies, and systems
- Participation in internal projects focused on process improvement and/or Industry/Regulatory change and product launches (including the upcoming re-platforming of the FX business)
- Take a lead role in the enhancement of existing processes and controls and/or the creation of new process and controls
- Support the current initiative to improve our overall approach to transaction reporting
- Collaborate with Technology teams for systems changes required to fulfil our responsibilities and remove manual processes for existing and new obligations

Key behaviours and skills:

- Relevant industry experience (minimum 3yrs) and recent experience in a similar role
- Knowledge of MAS obligations relating to a venue preferable
- Knowledge of HKMA obligations relating to a venue preferable
- Must be a confident team player with good interpersonal skills and a ‘can do’ attitude
- Knowledge and experience in operations roles within transaction reporting
- Worked in professional and client-focuse