Senior Regulatory Compliance Specialist (MIFID II/R)

at  Nasdaq

Our people make all the difference in our success
We have an exciting opportunity to join a dynamic and international regulatory compliance advisory team!
We are looking to recruit for a Senior Specialist in the Regulatory Compliance team leader to work with MIFID II/R compliance and governance at Nasdaq.
Our team is primarily based in Stockholm and Vilnius. We are looking to fill a very senior role on the team in the Stockholm office. We currently work around 2 days from the office, 3 days from home and have 4 flex weeks which are fully remote.
Who are we?
European Market Operations (“EMO”) operate both trading and clearing related functionalities and products that are traded on the Nordic Cash Equities Markets, Nordic Derivatives Market, Commodities Markets and Fixed Income Markets.
The Regulatory Compliance team is the first line Compliance Advisory function within EMO dedicated to supporting 8 Nasdaq Exchanges and Nasdaq Clearing with compliance advisory services for the reporting obligations in regulations such as MIFID II/R, EMIR, SFTR as well as regular and ad hoc requests from our regulators. Our team monitors regulatory change, coordinates regulatory requests, supports projects and implementations, facilitates oversight, escalates risks, issues and incidents and is the main point of contact for numerous internal and external stakeholders. We are specialists in the regulations we work with and advise on how to improve the control environment for high-quality regulatory reporting!
The Task
We operate in a dynamic regulatory landscape and our team has significantly expanded over the last 5 years to manage the increasing demands of our regulators, additional responsibilities and new projects with impacts to regulatory reporting.
The senior position we are looking to recruit will work as a team leader alongside other experienced team members that have expertise working with Nasdaq Clearing and our trading venues in the Nordics and Baltics to comply with their regulatory reporting obligations under MIFID II/R, EMIR and SFTR. We describe below typical work tasks involved in day-to-day compliance advisory responsibilities.
Compliance Advisory Responsibilities
We primarily advise and support operational reporting teams to improve the quality of regulatory reporting to national and super-national regulators, monitor for regulatory change and work with the 2nd line functions to communicate with regulators regarding data requests and issues or incidents arising.

Examples of responsibilities are:

• Monitoring of regulation changes and business/product changes which impact regulatory reporting regimes
• Project implementation and new product/system support to analyze and assess the impact to regulatory reporting
• Review and input on ESMA consultations
• Regulator requests and communications
• Incident and issue management advice and escalation
• Coordination of Internal Audit and Compliance Review requests and follow-up on action points
• Management Information and updates to the Exchanges, GMO management, Legal & Compliance and Risk
• Industry body meetings such as EACH, FIX, FESE, SSDA, ISDA and FIA
• Meetings, communications and training with the operational reporting teams
• Support for new products within the scope of the regulation
• Review of policies, procedures and controls in place and formulation of recommendations to improve reporting processes, quality of reporting, governance and oversight of risks

About you:
We are looking for a candidate with a skill set that complements our existing highly talented team and a passion for learning and growing with the team their professional proficiencies and knowledge. We deeply care about the high quality of our deliverables and value each team member’s contribution to the team’s continued success. We all work to foster a fun working environment where we support one another to build expertise in this domain.

For you to be successful in this role, you need to have:

• Deep knowledge and experience in an area that is relevant to our function such as, but not limited to: regulatory reporting, MIFID II or EMIR regulation, product/market knowledge in one or more asset classes, trading/trading surveillance, compliance, issue/incident management, risk or legal experience
• Leadership skills – Ability to effectively delegate and manage a small team
• Good analytic skills - for example, to be able to assess the significance of issues arising, assess control design and effective operation or analyze changes in the regulation or guidance, and produce requirements for Nasdaq regulatory reporting
• Documentation – Ability to document work performed in detail including findings, conclusions and follow-up actions needed is necessary
• Communication – Excellent oral and written communication skills are required. A big part of what we do requires effective communication with a wide range of external and internal parties. This means we need to know our audience and the appropriate language, level of detail and explanation necessary.
• Outcome-oriented - Proven track record to deliver good results and take ownership of the quality of your work and areas of responsibility
• A standout colleague with strong collaboration and communication skills to work within an international team and with other Nasdaq functions and project teams
• Problem-solving skills with a structured and detailed approach
• Autonomous - Good ability to prioritize work tasks, multi-task and work autonomously with minimal direct supervision but with support for challenges
• Proficient in English, both written and verbal. We work across 8 countries thus English is our working language.
• Advanced Excel knowledge, experience working with large data sets – it is an advantage but not necessary to have any knowledge or experience with data analytics software or programming languages such as Python or SQL.
• Any familiarity with interpreting regulatory legal text and analyzing the impact on our businesses and products is an advantage as is a very good general understanding of financial products, trading and post-trade processes which impact regulatory reporting.

We are looking for a highly motivated individual that is willing to learn and further develop their expertise. We are willing to support you to gain additional skills and knowledge to support your professional goals and aspirations. We highly encourage our team members to attend industry conferences, engage in thought leadership and pursue a number of different types of learning opportunities. If you are interested in joining us, we would love to hear from you. Please submit you resume in English as soon as possible as the process is ongoing. We will start contacting candidates mid September.
Come as You Are
Nasdaq is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, color, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.

Examples of responsibilities are:

• Monitoring of regulation changes and business/product changes which impact regulatory reporting regimes
• Project implementation and new product/system support to analyze and assess the impact to regulatory reporting
• Review and input on ESMA consultations
• Regulator requests and communications
• Incident and issue management advice and escalation
• Coordination of Internal Audit and Compliance Review requests and follow-up on action points
• Management Information and updates to the Exchanges, GMO management, Legal & Compliance and Risk
• Industry body meetings such as EACH, FIX, FESE, SSDA, ISDA and FIA
• Meetings, communications and training with the operational reporting teams
• Support for new products within the scope of the regulation
• Review of policies, procedures and controls in place and formulation of recommendations to improve reporting processes, quality of reporting, governance and oversight of risk

For you to be successful in this role, you need to have:

• Deep knowledge and experience in an area that is relevant to our function such as, but not limited to: regulatory reporting, MIFID II or EMIR regulation, product/market knowledge in one or more asset classes, trading/trading surveillance, compliance, issue/incident management, risk or legal experience
• Leadership skills – Ability to effectively delegate and manage a small team
• Good analytic skills - for example, to be able to assess the significance of issues arising, assess control design and effective operation or analyze changes in the regulation or guidance, and produce requirements for Nasdaq regulatory reporting
• Documentation – Ability to document work performed in detail including findings, conclusions and follow-up actions needed is necessary
• Communication – Excellent oral and written communication skills are required. A big part of what we do requires effective communication with a wide range of external and internal parties. This means we need to know our audience and the appropriate language, level of detail and explanation necessary.
• Outcome-oriented - Proven track record to deliver good results and take ownership of the quality of your work and areas of responsibility
• A standout colleague with strong collaboration and communication skills to work within an international team and with other Nasdaq functions and project teams
• Problem-solving skills with a structured and detailed approach
• Autonomous - Good ability to prioritize work tasks, multi-task and work autonomously with minimal direct supervision but with support for challenges
• Proficient in English, both written and verbal. We work across 8 countries thus English is our working language.
• Advanced Excel knowledge, experience working with large data sets – it is an advantage but not necessary to have any knowledge or experience with data analytics software or programming languages such as Python or SQL.
• Any familiarity with interpreting regulatory legal text and analyzing the impact on our businesses and products is an advantage as is a very good general understanding of financial products, trading and post-trade processes which impact regulatory reporting