The Opportunity

Nearwater Capital is seeking a Trade Reporting Associate to own regulatory trade reporting for the firm, spanning SEC SBS, EMIR, SFTR, and MiFID II transaction reporting. This is a reporting specialist role first - the person in this seat will be the firm's in-house subject matter expert on transaction reporting across U.S. and European regimes, with a smaller amount of time supporting the broader Capital Markets Operations team.

Nearwater Capital entities currently have direct or oversight responsibility for reporting under SEC Reg SBSR, EMIR, SFTR, and MiFIR Article 26. The firm anticipates further obligations as its product scope evolves. The successful candidate will own the trade reporting function end to end: evaluating the existing setup, managing the third party vendor relationship and connection to trade repositories, building controls and reconciliations, and handling daily reporting execution and break resolution across all regimes. This is not an entry point into operations for someone without reporting experience - candidates should already have hands-on, direct-submission ownership of at least one of these regimes.

There is also scope to centralize regulatory reporting firm-wide, including quarterly SEC Compliance submissions (13F, 13H) and various European reporting requirements, with this individual serving as a cross-functional resource between Operations and Compliance.

What You'll Do

Trade Reporting (Primary - 75%)

- Own and manage daily trade reporting obligations across SEC SBSR, EMIR, SFTR, and MiFID II frameworks.
- Conduct a comprehensive review and remediation, as needed, of existing reporting configurations, data specifications, and reporting logic; identify gaps across all regimes and drive resolution.
- Serve as the in-house subject matter expert on SEC Reg SBSR, EMIR, SFTR, and MiFIR Article 26 transaction reporting (MiFID II RTS 22), covering both U.S. and European entity obligations.
- Monitor delegated EMIR reporting submitted by counterparties; perform reconciliations, manage exception queues, and escalate breaks as appropriate.
- Manage SFTR reporting for Nearwater's European entities, including daily securities financing transaction submissions (repo and related instruments), pairing and matching oversight, and break resolution with the reporting platform.
- Own MiFIR Article 26 transaction reporting (MiFID II RTS 22) for applicable European entity activity; maintain instrument scope, LEI/ISIN population,



and reporting logic; liaise with Compliance to keep configurations current as trading activity evolves.
- Manage reporting specifications, data enrichment vendor relationships (Cappitech or other), and trade repository connectivity (DTCC and others) across all regimes; coordinate system changes arising from regulatory updates or product launches.
- Implement controls and reconciliations as necessary.
- Liaise with Compliance to interpret regulatory requirements and ensure reporting configurations accurately reflect current rule obligations based on jurisdiction and product; know when to escalate interpretive questions.
- Coordinate with Compliance on quarterly SEC regulatory filings (13F, 13H), providing accurate operational data and supporting the submission process.
- Monitor regulatory developments (SEC, CFTC, ESMA) alongside Compliance and assess impact on reporting obligations as the firm's entity structure, counterparty relationships, and product coverage evolve.

Capital Markets Operations (Secondary - 25%)

- Support the broader Capital Markets Operations team with trade lifecycle management, confirmation and affirmation workflows, and daily reconciliations across prime brokers, custodians, and the Enfusion OMS/PMS.
- Contribute to process improvement and automation initiatives tied to reporting workflows

What We're Looking For

Required

- 2+ years of hands-on, direct-submission experience (not delegated) in at least one of the following regimes: SEC SBS, EMIR, SFTR, or MiFID II (RTS 22).
- 3-6+ years of overall Capital Markets operations experience.
- Working knowledge of at least one trade reporting repository, including trade reporting automation.
- Robust understanding of OTC derivatives and securities financing trade lifecycle, from execution through confirmation, clearing/bilateral, and reporting.

Preferred

- Experience at a hedge fund, SBSD, or registered entity covering both U.S. and European reporting obligations; cross-jurisdictional ownership is a strong differentiator, as is experience covering trade reporting obligations at a regulatory agency.




- Exposure to additional frameworks: Form PF, CFTC Part 45/43, or other cross-border reporting regimes beyond the core four.
- Familiarity with prime brokerage operations, margin/collateral management (IM/VM, CSA/ISDA/GMRA), and dispute workflows.
- Experience in Enfusion or comparable OMS/PMS platforms; comfort with custodian portals.
- Proficiency in Excel/VBA; Python or SQL a meaningful plus.
- CFA, CAIA, SIE, or Series 99 a plus.

How You Work

- Able to read, interpret, and operationalize regulatory rules with limited external support; comfortable engaging directly with the regulators' intent, not just the mechanics.
- Comfortable liaising with and presenting key trade reporting updates to Compliance, senior stakeholders, and potentially regulators.
- Detail-oriented with strong written communication skills, able to clearly articulate reporting logic, breaks, and open questions to both Operations and Compliance stakeholders.
- Highly organized, able to manage recurring daily deadlines while handling longer-term remediation and project work in parallel.

What You'll Get

- Ownership of a critical, high-visibility regulatory function from day one, with the opportunity to shape its build-out as Nearwater's reporting obligations expand across regimes.
- Direct exposure to Compliance, senior Operations leadership, and potentially regulators, as the cross-functional owner between the two teams.
- Broad exposure across the full Capital Markets Operations function, from trade lifecycle management to margin and collateral, alongside your reporting specialty.
- A path to grow into a cross-jurisdictional, cross-functional role as the firm centralizes regulatory reporting firm-wide.
- A fast-moving, intellectually challenging environment working across U.S. and European regulatory regimes.

Who We Are

Nearwater Capital is a rapidly growing and innovative specialty finance company headquartered in New York City with a global presence and client base. Established in 2017, Nearwater has distinguished itself as a leader in delivering thoughtful, solutions-based financing to some of the largest financial institutions and financial services firms in the world.

Nearwater offers an attractive market compensation and benefits package. As a creative, intellectual capital firm, Nearwater is proud to be 100% work from office, which promotes our collaborative and get things done atmosphere.

📌 Associate, Trade Reporting (Newmarket)
🏢 Nearwater Capital
📍 Newmarket