Job description
ESMA is organising a selection procedure for the post of Market Data Expert, in order to fill a contractual agent (CA) position currently available in the Markets Division, within Market Integrity & Data Reporting team.
ESMA Markets Division is structured in 3 teams:
- Secondary Markets
- Market Integrity and Data Reporting
- Post-Trading (OTC Derivatives, CSDs, CCPs and Trade Repositories).
The data expert will be a member of the Market Integrity & Data Reporting team and will contribute to the definition of standards and formats for market data reporting to the European Trade Repositories (TRs) and to national regulators.
TRs are new infrastructures that will play an important role in bringing transparency and regulatory access to data about derivatives transactions. ESMA has to develop several standards and format specifications on how market transactions shall be reported to TRs. These stem from the review and update of the current EMIR reporting rules as well as from the introduction of new reporting rules under upcoming EU regulations such as the Securities Financing Transaction Regulation (SFTR). ESMA is also responsible for developing a centralised IT solution that would provide a single access point to trade repositories data under EMIR (Trade Repositories delegated project).
In addition, ESMA has to develop and implement a multitude of standards and format specifications on how market transactions shall be reported to regulators. ESMA is also responsible for developing a central facility in relation to instrument reference data under MiFID II (Instrument Reference Data delegated project).
At the same time, ESMA is involved in several international working groups discussing global harmonisation of the standards governing the reporting of transactions on financial instruments.
As a consequence, ESMA is looking at reinforcing the team in charge of the policy and regulatory definition on market data reporting.
The jobholder is expected to work under the responsibility of the Head of Markets Division, and of a Team Leader if in the future such position is filled, work jointly with policy officers, and be responsible for:
- Contribution to the definition of technical standards and guidelines on market data reporting (MiFID II, EMIR and SFTR);
- Support the analysis of data for regulatory purposes.
- Develop business requirements for translating the regulatory obligations (under MIFID II and EMIR) into the objectives and functionalities that the IT projects implementing such obligations should deliver.
- Contribute to the implementation of the regulatory requirements.
Monthly salary: 3,702 € at grade 13 step 1 or 4,190 € at grade 14 step 1 or 5,364 € at grade 16 step 1, plus specific allowances where applicable
Location: Paris, France
Application deadline: 7 June 2015 (23:59 hrs, Paris local time)
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