At a Glance
- Tasks: Enhance accountability and develop controls for BNY Markets execution business.
- Company: Join a leading financial institution with a dynamic Markets Control team.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Work in a fast-paced environment with excellent growth potential.
- Why this job: Make a real impact in financial markets while promoting regulatory compliance.
- Qualifications: Experience in FX trading and strong analytical skills required.
The predicted salary is between 80000 - 100000 € per year.
The Markets Control team is a dynamic team working to support the BNY Markets execution business in FX, Fixed Income and Equities, Liquidity and Margin Services and Securities Finance. This role is located in London.
The successful candidate will be able to operate with minimal oversight and will help enhance accountability and reinforce the control capabilities of BNY Markets. This will be achieved through the development of mitigating controls to strengthen the Markets Control Supervision framework. Examples of control that strengthen the supervisory framework include Cancel & Amends, Trader Mandate exception alerting, out-of-hours and off-premises trading checks.
The successful candidate will be able to understand and assist with interpreting trade and booking workflows and apply that knowledge to the development of associated controls. The candidate will help to promote a strong regulatory mindset across the Markets business through a thorough knowledge and understanding of both global regulation (FINRA/MiFID/MAR) and financial markets.
The candidate will be able to provide regulatory input into market abuse surveillance activities, dealing with enquiries from second line Compliance surveillance colleagues, assisting with compilation of the market abuse risk assessment and where required, assisting with market abuse parameter reviews.
The candidate will also have a solid understanding of pricing dynamics in global markets and be responsible for helping oversee pricing check controls for FX, Equities and Fixed Income trading, operated by the first line Controls team through proprietary tools. The candidate will be able to identify and escalate to the business instances where clients may not have received best execution and manage associated governance meetings, where best execution is reviewed.
Where proprietary tools need to be developed or further enhanced, the candidate will be able to deal with model risk partners and manage the product development lifecycle working with development teams.
To be successful in this role, we’re seeking the following:
- Significant experience in FX trading, ideally across G10 and/or EM currencies.
- Deep knowledge of FX products including spot, forwards, swaps, NDFs and options.
- Strong understanding of FX market structure, pricing mechanics, liquidity, spreads, and execution channels.
- Ability to interpret market events and distinguish legitimate trading behaviour from potential anomalies.
- Experience in surveillance, conduct risk, front-office controls, trade review, or electronic trading oversight is highly desirable.
- Investigative skills and an analytical mindset are essential.
- Oral and written communication skills in English and the ability to understand compliance policies and process assigned tasks in accordance with procedures.
- Bachelor’s degree or master’s degree preferred.
Vice President, Supervision and Conduct Controls in London employer: BNY Mellon
At BNY, we pride ourselves on fostering a collaborative and innovative work environment that empowers our employees to excel in their roles. As a Vice President in our London office, you will benefit from a strong commitment to professional development, competitive compensation, and a culture that values integrity and accountability. Join us to be part of a dynamic team where your expertise in FX trading and regulatory compliance will not only be recognised but also play a crucial role in shaping the future of our Markets Control framework.
StudySmarter Expert Advice🤫
We think this is how you could land Vice President, Supervision and Conduct Controls in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those already at BNY. A friendly chat can open doors and give you insider info on the role.
✨Tip Number 2
Prepare for the interview by brushing up on your FX knowledge. Be ready to discuss market structures and pricing dynamics, as these are key to the role.
✨Tip Number 3
Showcase your analytical skills during interviews. Bring examples of how you've tackled conduct risk or surveillance issues in the past to demonstrate your expertise.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed and shows your commitment to joining the team.
We think you need these skills to ace Vice President, Supervision and Conduct Controls in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Vice President role. Highlight your experience in FX trading and any relevant skills that match the job description. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our Markets Control team. Share specific examples of your experience with regulatory frameworks and market dynamics to grab our attention.
Showcase Your Analytical Skills:Since this role requires a strong analytical mindset, make sure to highlight any relevant projects or experiences where you've used these skills. We love seeing how you interpret market events and handle anomalies!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at BNY Mellon
✨Know Your FX Inside Out
Make sure you brush up on your knowledge of FX products, including spot, forwards, swaps, NDFs, and options. Be ready to discuss how these products work and their implications in trading. This will show that you’re not just familiar with the terms but can also apply them in real-world scenarios.
✨Understand Regulatory Frameworks
Familiarise yourself with global regulations like FINRA, MiFID, and MAR. Be prepared to discuss how these regulations impact the Markets Control team and the importance of a strong regulatory mindset. This will demonstrate your commitment to compliance and your understanding of the broader market landscape.
✨Showcase Your Analytical Skills
Prepare examples from your past experiences where you identified anomalies in trading behaviour or conducted market abuse surveillance. Highlight your investigative skills and analytical mindset, as these are crucial for the role. Use specific instances to illustrate how you approached challenges and what outcomes you achieved.
✨Communicate Clearly and Confidently
Practice articulating your thoughts clearly, both verbally and in writing. Since the role requires strong communication skills, consider doing mock interviews with friends or colleagues. This will help you convey your ideas effectively and ensure you’re comfortable discussing complex topics during the actual interview.
