Compliance

BUSINESS UNIT OVERVIEW

The Global Markets Surveillance Compliance team ("MSC") is part of the Global Compliance team and provides compliance coverage and support to the Equities and FICC (Fixed Income, Currency and Commodities) Sales and Trading businesses. MSC's primary function is to manage compliance and regulatory risk through the development and oversight of market abuse surveillance controls.

MSC helps identify and prioritize the compliance and regulatory risks as they apply to market abuse regulation, across the Global Banking & Markets businesses, and works to develop and/or enhance appropriate detective control measures to mitigate such risks. Post development, MSC performs surveillance alert reviews and maintains oversight of such controls to ensure the continuing effectiveness of those controls. Daily, team members are responsible for reviewing a set of surveillance reports and interacting with Line of Business Compliance and the business to determine whether an exception can be closed or requires further escalation. Team members also work with colleagues in Regulatory Practice Group to provide data and respond to requests from the various regulatory bodies that oversee our business lines. 

MSC works closely with Line of Business Compliance, Financial Crime Compliance and Compliance Engineering as well as other groups within the Firm across all regions (including Americas, EMEA and APAC), as such, aims to bring a global perspective and globally coordinated approach to mitigate local regulatory risks.

RESPONSIBILITIES

Strategy

•    Lead regional coordination of the Market Abuse Risk Assessment (MARA) including working closely with various internal teams (including but not limited to Surveillance teams, Line of Business Compliance and Engineering), to ensure relevant risk factors are continuously updated and monitored in the MARA. This will require detailed technical knowledge of the different market abuse behaviours/indicators that the firm is exposed to and the most appropriate/effective way to monitor them.
•    Help to prioritise areas where there is a need to improve a control rating. This may include performing an analysis of the risk and proposing logic/detection criteria that is reasonably designed to detect it.
•    Work with other stakeholders (including Line of Business Compliance and the business on defining new/improved scenarios and/or efficiency opportunities to further enhance automated surveillance coverage as appropriate. 
•    Be familiar with business flows across Equities and FICC and challenge existing assumptions relating to risks and controls, as appropriate. 
•    Strive to create a consistent approach across businesses, products and regions, as appropriate.
Programme management

•    Identify areas of focus relating to the governance arrangements across all facets of the trade surveillance programme. 
•    Work with surveillance reviewers to tease out areas of potential enhancement of coverage and/or efficiency. 
•    Monitor trends/metrics in relation to alert volumes/quality and identify their corresponding drivers.
•    Assist with regulatory examinations/inspections.
•    Participate in periodic risk assessments and control design/performance rating exercises.
•    Escalation of issues that may be potential control failings.
Management Information/Reporting
•    Develop and/or enhance systematic processes for escalating issues.
•    Provide input to key metrics/indicators that provide insights and/or measure the effectiveness of the surveillance program.
•    Assist with periodic management reporting, including at board level.
 

SKILLS / EXPERIENCE:

The successful candidate will be able to demonstrate:

•    At least 7+ years experience in a previous experience in Compliance, Surveillance, Internal Audit other control function. A sales/trading and/or regulatory background would be highly regarded.
•    Strong analytical skills. Experience working with Tableau, Alteryx or Python for data analysis and/or automation would be highly regarded.
•    Working knowledge of securities markets, businesses, products. Knowledge for FICC products/markets highly regarded.
•    Working knowledge of securities and exchange rules and regulations, in particular UK/EU MAR
•    Knowledge of the nuances between different market abuse behaviours and the effective and surveillance development.
•    Knowledge of sales and trading system functionality/workflow would be considered favourably.
•    Familiarity with conducting risk assessments, preferably in the context of market abuse.
•    Curious, inquisitive, and proactive in identifying potential non-compliance, risks and/or proposing solutions.
•    Exemplary interpersonal skills and an ability to communicate succinctly and with impact.
•    Ability to work with a variety of stakeholders at all levels. 
•    Team orientated and one who can prioritize in a fast moving, high pressure, constantly changing environment.
•    Entrepreneurial inclination - ability to work alone where needed and act as project manager.
•    Strong analytical and problem-solving skills with the ability to exercise sound and balanced judgment. 
•    Ability to handle multiple tasks simultaneously and work under tight deadlines with pro-active communication