Profile Summary
The Operations department provides all operational support functions for the Company’s businesses such as fixed income trading and sales, Japanese and European equity trading and sales, Treasury management and other new business lines developed by the Company. Operations plays a key role in delivering an optimal, full-spectrum service for all clients and is structured by product and aligned to support all businesses as appropriate in trade capture, reference data, cash management, securities and cash reconciliation, transaction processing, money transfer, income processing, tax reclaims, collateral, client valuations, and confirmations.
In addition to the day to day workflow, it also supports all of the ongoing business projects within the Company as well as any new product development with the business lines in conjunction with other control units and Mizuho’s Information Systems Department.
Duties And Responsibilities
Responsible for ensuring that Mizuho meets our reporting obligations. The role specifically requires a working understanding and knowledge of Regulatory Reporting requirements framework across MiFID, EMIR & SFTR
Daily Responsibilities – SFTR
- To act as an SME regarding Regulatory obligations under SFTR
- Operations Oversight of Message Automation and DTCC dashboards
- Remediation & Resubmission of any daily transaction / collateral update / collateral re-use rejections within the Regulatory deadline
- Front to back reconciliation on SFTR reportable fields between CDW and DTCC Trade Repository Reconciliation against SFTR eligible counterparties for Pairing (UTI & LEIs) and Matching (economic attributes)
- Resubmission of any SFT Transactions to the TR on the back of the reconciliations (CDW vs DTCC & Pairing & Matching)
- Communicate MHI generated UTI to counterparty where MHI is deemed the UTI generator
- Obtain and chase UTI from the counterparties for SFT transactions where counterparty is deemed the UTI generator
- Provide regular update of GoldenSource of regulatory, UTI Logic / SFTR Classification / SFTR Mandatory Delegated Reporting
- Management of counterparty queries on regarding on MHI delegated reporting
- Maintenance of CCP statements, ensuring they are consumed correctly
Daily Responsibilities – MIFID
- To act as an SME regarding Regulatory obligations under MiFID II
- Daily monitoring to ensure Trade & Transaction Reporting (FCA) has been instructed correctly and within regulatory deadlines and reconciles to our books and records.
- APA reporting: Real-time monitoring of the Trax/Bloomberg/TradeEcho MiFID II Trade & Transaction Reporting GUIs.
- Exception management on BAU to ensure regulatory deadlines are met.
- Complete daily Reconciliations for MiFID II reporting
- Monitor daily Real-time MiFID II potential clearing breaches; escalate to FO/line manager if necessary.
- Standardise any operations tasks and embedded into the consolidated Trade & Transaction Reporting procedure.
Daily Responsibilities – EMIR
- To act as an SME regarding Regulatory obligations under EMIR
- Operations Oversight of Message Automation and DTCC dashboards
- Remediation & Resubmission of any daily transaction / collateral update / valuation update rejections within the Regulatory deadline
- Resubmission of any EMIR Transactions to the TR on the back of the reconciliations (CDW vs UnaVista & Pairing & Matching)
- Complete daily Reconciliations for EMIR reporting
- Trade Repository Reconciliation against EMIR eligible counterparties for Pairing
- Monitor daily Real-time EMIR potential clearing breaches; escalate to FO/line manager if necessary.
- Standardise any operations tasks and embedded into the consolidated Trade & Transaction Reporting procedure.
RTB Responsibilities
- Involvement with Regulatory Project work as required for MIFID II/EMIR SFTR
- Liaise with ISD/Legal/Compliance to implement various tactical & long term strategic solutions in the reporting framework.
- Raising JIRA’s providing detailed analysis
Qualifications, Skills And Experience
- Working T&TR experience with an emphasis on MiFID, EMIR and SFTR.
- Sound understanding of all products in scope of the above regimes.
- Good knowledge of the MiFID/EMIR/SFTR regulations
- PC skills including Excel (Intermediate to advanced), Word and PowerPoint
- Desired experience using Message Automation, TRAX, DTCC, Unavista
- Demonstrable ability to innovate and support change.
- Strong analytical ability, problem solving skills and independent thinking.
- Strong communication and numeracy skills
We champion a flexible work environment, as we understand the need for people to meet other commitments or simply strike a good work-life balance.
At Mizuho we are committed to supporting equality and diversity, and seek to create a workplace that is fully inclusive. We welcome applications from all sections of the community that we operate in and from all ethnic backgrounds, sexual orientation, beliefs, gender identities and disabilities.
If you require more information about our equal opportunities policy or wish to discuss any accessibility requirements or reasonable adjustments please contact the recruitment team –
[email protected] and we will be happy to help.
