What does a transaction reporting analyst do?

A Transaction Reporting Analyst is responsible for ensuring that financial transactions are accurately reported to regulatory authorities in accordance with legal and compliance standards. They review, validate, and reconcile transaction data from various sources, identify discrepancies, and work with internal teams to resolve any issues. Their work helps firms comply with regulations such as MiFID II, EMIR, or Dodd-Frank, reducing the risk of fines or penalties. Transaction Reporting Analysts also stay updated on changes in reporting requirements and may assist in implementing new processes or systems to improve reporting accuracy.