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Head of Market Abuse Surveillance, Global Markets, Vice President Location: London Who we are looking for: State Street's Global Markets business has established a Business Risk and Controls function that is focused on risk management on behalf of the first line of defense through the implementation of controls, execution of monitoring and testing, and ongoing oversight.
The Senior Manager role is responsible for leading the team responsible for monitoring and surveillance of market activity on electronic trading platforms and related multilateral trading facilities (MTFs). Specifically, the role is focused on oversight of trading activity on State Street's active FX trade matching platform as well as the FX order execution venue for potential market abuse and adherence to the FX Global Code.
The position reports into the Head of Business Controls for Global Markets and will work with the GlobalLink Business and Risk teams as well as Compliance, AML, Ethics, Legal and Audit. A successful candidate will need to take initiative, exercise independent thinking, juggle multiple tasks, set priorities, and meet aggressive deadlines in a fast-paced environment. The Senior Manager must have strong interpersonal skills and be interested in working with a global team.
Why this role is important to us: The team you will be joining is a part of State Street Global Markets (SSGM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to SSGM business unit. As our investment research and trading arm, SSGM's number one goal is to enhance and preserve our clients' portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.
Join us if making your mark in capital markets industry from day one is a challenge you are up for.
Why you will be responsible for:
As Head of Market Abuse Surveillance, Global Markets, Vice President you will:
Manage a team responsible for the daily execution of surveillance and monitoring activities including reviewing reports and generated alerts and following up with business, risk, and Compliance partners
Provide strategic direction for design and enhancements to the surveillance controls to ensure alignment with industry standards and account for new products, relevant product changes, and business acquisitions
Lead ongoing assessments to ensure the control framework complies with regulatory requirements and expectations and is commiserate with the size, scale, and complexity of the risks posed by the Global Markets businesses
Oversee investigations to include the completion of documented resolutions and escalation of issues as appropriate
Serve as a subject matter expert with regulatory bodies as well as internal functions such as Compliance, Legal, and Audit
Provide advice and guidance regarding surveillance controls and risk coverage, implementation of new technologies, and changes to existing or new products
Ensure that the control framework is designed and operating effectively to mitigate risks and all relevant procedures and processes are adequately documented
Lead a staff of professionals with responsibility for hiring, completing performance appraisals, and determining compensation
Establish management reporting and present at risk and governance committees
Additional responsibilities as required
What we value: These skills will help you succeed in this role:
Knowledge of industry regulatory requirements and industry best practices including the Market Abuse Regulation(MAR), global anti-money laundering regulations, and the FX Global Code
Strong understanding and experience with Global Markets businesses and, specifically, FX trading
Strong management and leadership skills; previous management experience in a global organization a plus
Excellent analytical skills and attention to detail
Additional requirements: Communication, influencing, and collaboration skills
Education & Preferred Qualifications:
8-15 years surveillance experience preferred; consideration for risk, compliance, audit or control experience
About State Street What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential. Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.