Trade Surveillance Analyst

THE COMPANY:

We are working with a regular client of ours, a commodities broker, who are searching for a Trade Surveillance Analyst to join the Team. This role will be Reporting into the Head of Compliance, and you will be responsible for the trade and communication surveillance function within the firm.

THE RESPONSIBILITIES:

• Undertake monitoring and surveillance for the firm in accordance with the agreed framework and procedures, ensuring the identification/escalation of suspicious activity that could be indicative of market abuse, financial crime or inappropriate market conduct.
• Working with the Head and Deputy Head of Compliance, undertake the annual review of the Market Abuse Risk Assessment (MARA), applicable policies, procedures, and internal controls to maintain a strong compliance framework with a view to managing/mitigating compliance risk.
• Maintain the compliance monitoring systems, ensure alert scenarios are calibrated appropriately to reduce false positives across trade surveillance and communications systems.
• Using the existing framework, undertake the annual and on-going assessment of active alert scenarios, including against available scenarios in the trade surveillance system, to ensure the live scenarios remain appropriate for the firm’s activities based on the business conducted and the risks identified in the MARA; maintain the assessment process documentation.
• Undertake assessments of alerts and parameters settings and surveillance activities in response to any changes in the firm’s business model or in response to 3rd party / regulatory enquiries.
• Review reports, risk indicators and red flags to identify and propose remedial action to improve the control framework.
• Lead the firm’s response to exchange/regulatory monitoring and surveillance related enquiries and audits; gather all applicable information, provide appropriate analysis, and draft the firm’s response for review by the Head of Compliance.
• Undertake the submission to the exchanges, CCPs etc. for client related information including Ownership & Control Reporting (OCR), such as the COTR (LME), Form 102’s to the CME, CFTC, ICE via the various on-line portals.
• Review the firms’ monitoring and surveillance related policies and procedures, including the Market Abuse, STOR/SAR Policies and Trade Monitoring Procedures.
• Ensure the Trade Monitoring Procedures address all new, applicable regulation and the end-to-end case management process remains relevant.
• Maintain market abuse and financial crime related logs and registers, including STOR/SAR/near-miss logs/registers.
• Maintain other compliance monitoring and surveillance related logs and registers, including Conflicts of Interest Register, PA Dealing Register, Third Party Payments etc.
• Participate in compliance tasks as required by the Head of Compliance/Deputy Head of Compliance, such as undertaking ad hoc testing/reviews, including trading and related staff conduct.
• Produce MI on monitoring and surveillance related information and statistics for compliance reports (quarterly and ad hoc reporting) and the annual MLRO report.
• Develop and maintain good relationships with key stakeholders and the business.