At a Glance
- Tasks: Monitor trades and communications to identify suspicious activities and ensure compliance.
- Company: Join a leading commodities broker with a strong compliance culture.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborative team atmosphere with opportunities for career growth.
- Why this job: Make a real impact in preventing market abuse and financial crime.
- Qualifications: 2 years' experience in surveillance and knowledge of UK wholesale commodities markets.
The predicted salary is between 45000 - 55000 £ per year.
THE COMPANY: We are working with a regular client of ours, a commodities broker, who is 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 firm’s 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.
EXPERIENCE REQUIRED:
- Knowledge of UK wholesale commodities markets (LME, ICE) trading practices and rules.
- Knowledge of UK/EU Market Abuse Regulation (MAR).
- 2 years’ experience in a surveillance role at a brokerage.
Trade Surveillance Analyst in London employer: Compliance Professionals
As a leading commodities broker, we pride ourselves on fostering a dynamic and inclusive work environment that prioritises employee growth and development. Our Trade Surveillance Analyst role offers the opportunity to engage with key compliance functions while working alongside experienced professionals in a supportive team culture. Located in a vibrant financial hub, we provide competitive benefits and a commitment to maintaining a strong compliance framework, ensuring our employees are equipped to thrive in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Surveillance Analyst in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect with people on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its compliance framework. Be ready to discuss how your experience aligns with their needs, especially around trade surveillance and market abuse regulations.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online resources to refine your answers. Focus on articulating your knowledge of UK wholesale commodities markets and your previous surveillance experience.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Trade Surveillance Analyst in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trade Surveillance Analyst role. Highlight your experience in compliance and surveillance, especially any work with market abuse regulations. We want to see how your skills match 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 passionate about trade surveillance and how your background makes you a great fit for our team. Keep it concise but impactful – we love a good story!
Showcase Relevant Experience:When detailing your experience, focus on specific examples that demonstrate your knowledge of UK wholesale commodities markets and your ability to handle compliance tasks. We’re keen to see how you've tackled challenges in previous roles!
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. Plus, it gives you a chance to explore more about us and what we do!
How to prepare for a job interview at Compliance Professionals
✨Know Your Regulations
Make sure you brush up on the UK/EU Market Abuse Regulation (MAR) and trading practices specific to the commodities markets like LME and ICE. Being able to discuss these regulations confidently will show that you're not just familiar with the role but also understand the compliance landscape.
✨Showcase Your Analytical Skills
Prepare examples of how you've previously identified suspicious activity or improved compliance frameworks. Use specific scenarios where you successfully escalated issues or proposed changes to monitoring systems. This will demonstrate your analytical prowess and proactive approach.
✨Familiarise Yourself with Surveillance Tools
If you have experience with compliance monitoring systems, be ready to discuss them. Talk about how you've calibrated alert scenarios to reduce false positives or how you've assessed alerts in response to regulatory changes. This shows you can hit the ground running.
✨Build Relationships
Highlight your ability to develop good relationships with stakeholders. Prepare to discuss how you've collaborated with compliance teams or other departments in past roles. This is crucial for a Trade Surveillance Analyst, as you'll need to work closely with various teams to ensure effective compliance.
