THE ROLE

Using strong trade support and operational knowledge, the Trading Operations Analyst under the supervision of the Sr. Manager, will perform a set of duties related to reporting of equity trading commissions, client commission arrangement ("CCA") reconciliation, research provider due diligence and soft dollar payment, research consumption tracking, managing the research vote, and global capital utilization tracking. The individual will work closely with Global Investment Support and equity trading.


WHAT YOU WILL DO

• Administrator of MiFID II vendor solution Commcise, which enables MFS to meet regulatory requirements around research consumptions, research budgeting, and research evaluation, and research compensation. Works with Sell-side research providers to implement and document monthly consumptions tracking process and workflow. Interacts with the Equity Investment team in the administration of the quarterly research vote and consumption tracking.

• Acts as liaison between Operations team, the equity trading team and the 10 CCA Core Brokers to complete the daily CCA trade reconciliation. Implements process for daily trade reconciliation, works with Equity Trading to resolve recon breaks. Capital Usage tracking is dependent on input from Equity Trading. Builds working relationships with Equity Trading to manage capital usage tracking and influence active participation by trading. Uses strong time management and organizational skills to ensure reconciliation for all CCA Core Brokers is complete to meet month end regulatory reporting deadlines.

• To maintain MFS internal segregation of duties, acts as an administrator ofad hoc new research provider requests by MFS equity investment staff. Coordinates between MFS investment staff, MFS legal, and research provider to ensure due diligence questionnaires are completed accurately and reviewed by MFS legal. Follow up questions are research and resolved, and documentation is organized and archived.

• Onboards and provides service monitoring of 200 research providers to Commcise to facilitate research service consumption tracking and budget allocation. Ensures all research providers are actively submitting consumption data which enables MFS to value or reject services offered to our investment staff.

• MiFID II regulations have led to increased scrutiny around client commission reporting. Client requests for complicated ad-hoc commission unbundling requests not available in our reporting. Utilizing strong understanding of MFS commission usage policy, and MFS equity trading data to assist in the completion of client due diligence questionnaires, shareholder commission reporting requests, and regulatory commission reporting. Works with institutional client service team, as well as RFP team to complete templates and commission data requests on a monthly basis meeting predetermined client due date.

• Assists in the preparation of Trade Oversight Management Committee monthly meeting packages. Uses understanding of equity trading commission data to prepare equity transaction statistics for review by the committee. Employs understanding of MFS Commission Usage Policy to escalate issues identified during material preparation, to the Committee. Works with equity trading and broker contacts to track and reconcile Global capital usage on MFS trades. Every equity trade is tracked manually, by region, by trader. Discrepancies between trader records and Commcise are researched and resolved.

• Assumes additional responsibilities as required.

WHAT WE ARE LOOKING FOR

• Bachelor's degree or equivalent 0-2+ years of experience in financial services and/or investment and trading operations preferred.

• Proven ability to perform job responsibilities effectively in a demanding environment.

• Attention to detail and accuracy required. Strong oral and written communication skills required.

• Strong organizational, communication, and interpersonal skills.

• Proficient in Microsoft Excel.

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