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This job description is designed to fit alongside the wider departmental responsibilities set out in the Compliance Charter and the scope and coverage (in terms of locations and legal entities) of this job description will be the same as that set out in the Compliance Charter. This job description provides a more detailed articulation of the responsibilities of the Trade Surveillance Compliance Officer for EMEA Compliance.
Assist in developing and maintaining a risk-based trade surveillance programme, which addresses relevant regulatory and exchange requirements.
Role Definition and General Responsibilities
The Trade Surveillance Compliance Officer for EMEA Compliance will provide an appropriate level of support to the EMEA Head of Global Markets Surveillance and the various teams/colleagues within the Compliance function for the following:
Surveillance analysis will be carried out on a daily/weekly/ad hoc basis as necessary using a variety of systems which are available to the surveillance team. Coverage will include:
- Trade surveillance for possible market abuse/market manipulation
- Assistance with audio and electronic communications surveillance
- Advisory aligned surveillance and adhoc investigations
- Proactive approach to systems enhancement and development;
Be the main point of contact and subject matter expert for Forex and Swaps based surveillance matters, as well as assisting and undertaking Equities, Fixed Income and Listed Derivatives surveillance duties where necessary;
Ensure that surveillance activities are undertaken according to agreed procedures and frameworks. Making sure escalation processes are followed and all issues are escalated and closed out in a timely manner.
Work with the EMEA Head of Global Markets Surveillance to identify key areas or risk and ensure that Market Abuse functionality is properly aligned to the business.
Prepare relevant trade information and supporting evidence to the Money Laundering Reporting Officer (MLRO) in the event of any suspicious trading activity identified through existing surveillance tasks;
Assist in regulatory or internal investigations where necessary;
Work with Compliance IT to support the development and implementation of new surveillance initiatives;
Consider new or enhanced monitoring and surveillance activities that address the changing business structure and ensure that a robust approach is taken to mitigate business or regulatory risk.
Oversee alerts that are escalated from surveillance team members based in Powai, ensuring that adequate escalation and follow up is undertaken with the appropriate business and/or advisory Compliance on a timely basis.
Carry out quality assurance of surveillance alerts that are undertaken by level 1 surveillance teams based offshore;
Work with the Head of Global Markets Surveillance and relevant surveillance vendors to develop and implement new surveillance controls in line with the Global Markets Compliance business plan;
Provision of assistance to the EMEA Head of Global Markets Surveillance to help coordinate the EMEA Compliance department's delivery of periodic management information and performance and risk metrics;
Assist in the training and development of junior surveillance team members, particularly those based offshore in order to identify legitimate trading strategies versus potential market abuse;
Provide coverage of the surveillance function carried out in Powai in the event of holidays or sickness.
Skills & Resources
Maintain a detailed working knowledge of key EU /UK regulatory rules and regulations as well as a broad awareness of specific conduct and market abuse regulations;
Possess a good technical understanding of key trade surveillance systems, such as Actimize and SMARTS.broker;
Regularly attend industry events and seminars to keep up to date with regulatory, market and product developments; and
Understand and keep up to date with the firm's business, products and the regulatory and commercial environment in which it operates to ensure that appropriate compliance processes are implemented.
Skills, experience, qualifications and knowledge required:
Candidate should possess strong Foreign Exchange and/or Swaps (IRS/CDS) product knowledge, with ideally previous surveillance, trading or operations experience.
Good understanding of the FCA handbook and in particular specific knowledge of the EU Market Abuse Regulations (MAR);
Ideally the candidate should have previous experience of using trade surveillance systems such as Actimize or SMARTS.broker; and
The candidate should possess a good attention to detail in addition to strong presentation and report writing skills