Compliance Manager, MAS Trade Surveillance Investigation – Vice President

February 7, 2024

Compliance Manager, MAS Trade Surveillance Investigation – Vice President

Reference12345763

  • Permanent
  • GB-London, City of-London
  • COMPLIANCE
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Business Area/Dept Overview
CIB UK Compliance is an independent function responsible for providing specialist advice and support to UK Senior Management, business lines and functions in adhering to internal controls and external rules and managing compliance risks. 
The function typically acts as a second line of defence covering areas including controls, assurance, monitoring, professional ethics, training and competence, whistleblowing, money laundering, market abuse, financial security and regulatory liaison. This includes providing advice on the development of control frameworks and conducting regular assessment of the effectiveness of controls.
The Market Abuse Surveillance team provides a comprehensive and consistent compliance market abuse surveillance and risk management framework across all CIB business lines and functions across EMEA.
Job Purpose
Lead and document complex market abuse related investigations which may arise via regular surveillance escalation (acting as L2) and ad-hoc cases including whistleblowing, management request, etc.  
In case of ad-hoc investigations, the role is expected to lead, coordinate or contribute to investigations and reports depending on the scope, products and complexity of the matter.  Additionally, perform day to day L2 trade surveillance investigations across CIB EMEA and to review Market Observation (MO’s) / Suspicious Transaction and Order Report (STOR’s) before submission.
Acting as an expert, to work within Market Abuse Surveillance team & other relevant teams (e.g., UK Compliance, Compliance Financial Markets etc.) in all related tasks including the development and embedding of surveillance, risk coverage with respect to relevant regulatory requirements. 
Coordinate market abuse surveillance topics for Compliance CIB UK, ensuring the Head of UK Compliance has effective oversight on relevant matters 
Core accountabilities of role
Ad-hoc investigations and read across reviews:
• Depending on the ownership, scope, subject and complexity of ad-hoc cases, either lead / coordinate / contribute to the relevant ad-hoc investigations and relevant reporting. 
• Ensure relevant analysis of data and records, conduct interviews, organise / lead investigation team and drive the investigation to a timely and meaningful conclusion. 
• Produce clear and concise reports regarding the outcome of the investigation (or relevant part of investigation), make recommendations, where relevant, and present it to relevant governance and management forums.  
• Act as point of contact for Compliance teams and in particular the Whistleblowing Referents related to cases where market abuse expertise is needed.
• Develop and maintain a close working relationship with Compliance and other colleagues on market abuse surveillance investigation matters.
• Identifying and escalating any trends from the investigations conducted and any actions needed including any changes to processes or procedures.
• Perform read across reviews or deep dives into market abuse related subjects which are flagged as concerns internally and / or external industry developments or regulatory inquiries. 
• Maintain strict confidentiality when managing whistleblowing and other confidential cases.
Expert in Trade Surveillance 
• When such investigations are not prioritised, perform day to day L2 trade surveillance investigations across CIB EMEA and to review STOR’s and MO’s before submission.
• Manage alerts for trade surveillance and business escalations, conduct end-to-end investigation and MO’s  / STOR’s filing to the regulators if needed.
• Manage MO’s, STOR’s or Near Miss recording in referential tool used for escalation and any regulatory reporting.
• With respect to MOs, STORs and Near Misses as well as present the conclusions (lessons learnt, if any) to relevant governance and management forums while maintaining the required confidentiality of cases. 
• Ensure that appropriate governance is in place to inform UK SMFs and other key stakeholders of UK-related STOR’s and MO’s
• Liaise with Compliance teams locally, regionally and globally on escalations and investigations
• Effectively contribute to the development and enhancement of the trade surveillance models.
• Contribute to the setup, implementation and operation of new surveillance technology.
• Be actively involved in recommending enhancements to surveillance processes.
• Assist with the planning and implementation of any tactical or strategic solutions in order to fulfil Regulator / Internal audit / Compliance requirements.
• Produce and maintain relevant Standard Operating Procedures.
• Support the L1 offshore team by acting as point of escalation.
• Train L1 team based in offshore location.
Representation role on Market Abuse Surveillance matters for the UK: 

• Support the Head of Compliance UK (SMF16) where needed on Market Abuse Surveillance related matters.
• Be the primary point of contact within Compliance UK for all relevant Market Abuse Surveillance topics as they apply to the London Branch.
• Ensure Compliance UK management is informed in a timely and regular basis of Market Abuse Surveillance KP/RI’s (and any associated breach’s), change projects, risks and issues as well as any specific concern or issue pertaining to the London Branch scope of responsibility.
• Support Horizon Scanning related topics associated to Market Abuse Surveillance that may impact the UK. 
• Assist the team managers located in Paris with on-boarding of relevant team members in London 
• Ensure Group and Local Third Party Risk Management requirements are met where Market Abuse. Surveillance services are outsourced to any internal or external third party, or are provided to any external or internal third party from SA London Branch. 
Contribute to the facilitation of external or internal audit assignments and participate in the remediation of the related findings.
Knowledge, Skill and Experience

• Professional qualification and prior experience in a Compliance role in trade surveillance in banking compliance, risk or related field. 
• Detailed knowledge of specific Compliance principles and processes in Market abuse surveillance and monitoring.
• Understanding of Market Abuse and the regulation around it including the relevant control environments such as MAR and MiFID.
• Good working knowledge of the UK regulatory framework and its application to banking.
• Good analytical skills and an ability to translate knowledge and experience into advice and recommendations.
• Good working knowledge of the UK regulatory framework and its application to banking.
• Excellent written and oral English skills in order to articulate technical issues, draft investigation reports and effectively communicate with individuals across the business. 
• Strong knowledge of Trader activities (Transaction/ P&L/ Positions).
• Strong knowledge of financial markets and assets classes
• Strong knowledge of the Suspicious Transaction and Order Report STOR/Market Observation filing requirements.
• Good team working
• Experience in working with and guiding an offshore Team.
• Computer literacy and a good knowledge of common software e.g. Microsoft Office. 
• Experience of relevant specialist Compliance software.

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