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Trade Surveillance Officer
City of London / Hybrid
Permanent
Up to £70,000
cer Financial are working alongside a financial advisor who are based in the City of London. They are seeking a Trade Surveillance Officer to work with them on a permanent basis.
The Responsibilities of a Trade Surveillance Officer Will Include:
Continuous monitoring of market activity in real-time through internal systems, including the 'Activity Monitor,' to track all trades, orders, and messaging volumes.
Conduct timely analysis of alerts escalated by the Scila surveillance tool to identify and prevent market or firm-damaging misconduct.
Perform ad-hoc reviews and screening of trading activity, analysing complex situations, identifying high-risk behaviours, and efficiently resolving issues.
Analyse trading strategies and implement enhanced monitoring processes.
Utilise the firm's internal visualisation tools effectively, including Microscope (orderbook ladders, graphs), Risk Monitor (orderbook ladders, star of day positions, P&L), Activity Monitor (orders, trades, messaging volumes), Matching Trades Analyser (identifying collusion/wash trading), and Insider Dealing Event Tracker.
Document and provide evidence of surveillance analysis within Compliance Surveillance Actions folders to facilitate decision-making regarding alert closure or identification of suspicious patterns.
Analyse and prepare surveillance issues for recommendation and subsequent escalation to the Head of Compliance.
Collaborate with Technology teams and/or vendors to develop new tools and surveillance controls.
Oversee inquiries from external entities, including clearing members, and assume a leadership role in addressing regulator and exchange inquiries.
Develop expertise required to contribute to the firm's market surveillance-related workstreams.
Calibration of new and existing Scila surveillance alert parameters for testing before implementation and document the testing outcomes.
Develop specific Scila surveillance alerts tailored to different asset classes.
Assume responsibility for executing new alerts on historical trading data to identify potential patterns of market abuse.
Take ownership of allocated surveillance projects, collaborating with Compliance and broader operational teams as necessary.
Generate meaningful Management Information from Scila and other sources on a weekly basis.
Participate in the preparation of the Compliance Board Pack.
Maintain the Risk Register encompassing all surveillance matters and the Enhanced Monitoring List.
Knowledge of algorithms is desirable, including participation in algorithm demos and understanding trading strategies.
Comprehend algorithmic trading strategies and ascertain their compliance with exchange rules.
Possess a sold understanding of exchange regulations.
Conduct surveillance on market making, liquidity provision, and volume creation strategies, cross-referencing exchange-completed forms, and databases to identify traders or groups participating and to detect potential instances of collusive behaviour or market abuse.
Evaluate personal account dealing confirmations in comparison to traders trading account activities.
The Successful Trade Surveillance Officer Will Have:
Compile and evaluate documentation for internal investigations.
Address and retrieve data for regulatory inquiries from entities such as the UK Financial Conduct Authority (FCA) or other pertinent regulatory bodies.
Offer input on STOR recommendations regarding surveillance information for assessment.
Assist in the preparation of STORS for submission to the FCA.
Collaborate with Business Units, Legal, and Compliance Coverage teams to respond to regulatory inquiries as required.
