The MFIR II / MFID regulation had to be implemented on the 03.01.2018 for all exchange traded instruments: FX, Bonds, Equities, and ETF). This client provides global custody, transfer agency, investment fund accounting and treasury services to banks, insurance companies and asset managers in Europe, North America and Asia. Synermesh Consulting was responsible for implementing the application changes on FX Trading Platforms; Investment Funds distribution platforms, and reporting systems to be compliant with MiFID II. Specific responsibilities included:
- For FX Forwards, Swaps and ETFs establishing the end to end solution: for transaction reporting to the ARM (Univista), post trade reporting to the APA (TRAX), Reference Data and Best Execution to FCA, CSSF & ESMA;
- Planning and control of a development programme including changes on the software platforms to meet Investor Protection regulation for: Treasury and FX, Custody, Transfer Agency, REPE and client reporting;
- Management of the requirements, development, and testing phases following an Agile approach;
- Management of a Project Team of 35 people based in Luxembourg, Toronto, London, Paris and Mumbai including: project managers, software developers, solution architects, business system analysts and testers.