FICC Trade Surveillance

: Dublin, Ireland

Hours:

35

Line of Business:

Compliance

Pay Details:

We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

Job Description:

Trade Surveillance Role - Fixed Income, Currency and Commodities (FICC)

KEY ACCOUNTABILITIES

SHAREHOLDER

• Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriate
• Be knowledgeable of practices and procedures within own area of responsibility and keep abreast of emerging trends for own functional area
• Protect the interests of the organization - identify and manage risks, and escalate non-standard, high-risk activities as necessary
• Conduct reporting and / or meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
• Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exist
• Acquire and apply expertise in the discipline, provide guidance and direction to others
• Identify, recommend and effectively execute standard practices applicable to the discipline
• Adhere to internal policies/procedures and applicable regulatory guidelines
• Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite

• Familiarize with key stakeholders including the front office teams as well as the support functions including Technology and Operations
• Build relationships with Compliance Advisory team by working closely with them on regulatory requests and alert escalations
• Co-ordinate requests to and from, business (Compliance) partners and coordinate tracking and reporting of Compliance function initiatives and programs
• Prepare summaries, communications, reports and presentations for management, regulators, and other internal and external stakeholders
• Proactively identify matters requiring additional review, escalation, and liaise with appropriate staff to resolve, as appropriate

• Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication and/or escalation of issues
• Network with other colleagues in Global Surveillance and the wider Compliance teams and showcase presence
• Provide coverage to other colleagues for surveillance modules covered during cross training sessions
• Volunteer to present cases/escalations during monthly meeting and team members should participate in the discussion
• Gain an understanding of new trade surveillance modules and surveillance tools
• Keep current on emerging trends/ developments and enhance knowledge of the business, related tools and techniques
• Keep others informed and up to date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
• Contribute to the success of the team by willingly assisting others in the completion and performance of work activities; provide training, coaching and/or guidance as appropriate
• Contribute to a fair, positive and equitable environment that supports a diverse workforce
• Act as a brand ambassador for your business area/function and the bank, both internally and/or externally

• Ensure T+1 timeline for trade surveillance is adhered to, except in any special circumstances
• Analyze alerts and relevant data to determine whether a trade involves violations of law, rules and regulations and/or firm policies
• Familiarize with the emerging trends pertaining to regulatory changes and remain updated on trends related to Fixed Income, Currency, and Commodities (FICC) trade surveillance (e.g., market abuse, regulatory expectations, etc).
• Proactively identify matters requiring additional review and when to escalate to Surveillance Management and Advisory Compliance partners
• Develop a thorough understanding of multiple market manipulation surveillance patterns and continuously look for efficiencies and enhancements to the work
• Identify the gaps and improvements such as how the surveillance patterns can be enhanced or calibrated more effectively
• Update the case management tool for every escalation and follow-up on pending open items on a regular basis, consistent with department procedures and regulatory expectations.
• Coach and educate new joiners to drive compliance training, leveraging various tools such as recent regulatory fines to using complex exceptions that required further investigation
• Execute on more complex and non-standard requests and escalations
• Engage in consultation for calibration and bringing ideas or proof of concept that can improve the reviews
• Support audit related activities by providing documentation and relevant subject matter expertise
• Participate in surveillance projects that are critical to the department and pertaining to Trade Surveillance
• Participate and contribute to Surveillance department meetings, monthly touchpoints, bi-weekly Supervision and Surveillance meetings
• Work closely with the other stakeholders, such as Advisory Compliance, the Trading desks and Technology.
• Provide support in enhancing the surveillance system through the Surveillance departments calibration process, including reviewing alerts, risk scoring of alerts, and possible parameter changes
• Provide support to the regional Compliance teams by ensuring they have all the pertinent information to address their remediation of regulatory risk specific to their region
• Analyze the data source and be able to draw conclusions to meet review requirements
• Understand the trade flow from start to finish, including booking system, files being used for alert generation

• Undergraduate degree required
• Relevant professional designations such as FINRA Certified Compliance Officer Program
• Basic knowledge of Fixed Income, Currency and Commodities (FICC) is required
• L9 - 3 to 5 years of experience in surveillance of Fixed Income, Currency, and Commodities (FICC) preferred
• Surveillance experience at peer firm or regulator is preferred
• Knowledge of the European markets and regulations (Market Abuse Regulation (MAR), MiFID II, etc.), particularly in relation to Fixed Income, Currency, and Commodities (FICC) • Knowledge of APAC markets and regulations is a plus