Compliance, Markets Surveillance, Associate, Salt Lake City

Markets Surveillance Compliance 

Markets Surveillance Compliance (MSC) has primary responsibility for the development and execution of the firm’s trade surveillance program, focused on market manipulation, insider trading and regional/policy related risks.

Team Background

The MSC team consists of three key pillars: (i) Risk Assessment, (ii) Design & Development and (3) Investigate & Escalate to develop and enhance detective controls for market abuse risks. MSC performs surveillance alert reviews and maintains oversight of such controls to ensure the continuing effectiveness of those controls. Team members are responsible for reviewing a set of surveillance reports and interacting with Line Compliance and the business to determine whether an exception can be closed or requires further escalation. Team members also work with colleagues to provide data and respond to requests from the various regulatory bodies that oversee our business lines. 

To ensure appropriate control effectiveness and development, the Market Abuse Risk Assessment (MARA) team performs annual risk assessments and real-time change management reviews to assess the likelihood of risk impact and surveillance effectiveness enhancements to the MSC program. This open role is specific to the MARA team within MSC.

Additionally, MSC works closely with Line Compliance, Financial Crime Compliance, Regulatory Compliance and Compliance Engineering as well as other groups within the Firm across all regions (including Americas, EMEA and APAC), as such, the team aims to bring a global perspective and globally coordinated approach to mitigate local regulatory risks.

  Key Responsibilities

• Lead divisional coordination of the Market Abuse Risk Assessment (MARA) including working closely with various internal teams (including but not limited to MSC surveillance teams, Line Compliance and Engineering), to ensure relevant risk factors are continuously updated and monitored in the MARA. This will require detailed technical knowledge of the different market abuse behaviors/indicators that the firm is exposed to and the most appropriate/effective way to monitor them.
• Perform risk assessment analysis, including but not limited to, documentation of Inherent Risk, Control Suite and Residual Risk rationales through internal systems .
• Lead monthly calls with Line Compliance and MSC stakeholders to review MARA change management analysis.
• Where applicable, help to prioritize risks and products where there is a need to improve control ratings. This may include performing an analysis of the risk and proposing logic/detection criteria that is reasonably designed to detect it.
• Work with other stakeholders (including Line Compliance and the business) on defining new/improved scenarios and/or efficiency opportunities to further enhance automated surveillance coverage as appropriate. 
• Be familiar with business flows across Equities and Fixed Income and challenge existing assumptions relating to risks and controls, as appropriate. 
• Prepare detailed reports and presentations to communicate risk findings and recommendations to stakeholders, including senior management and other departments.
• Perform management reporting on a weekly, monthly and quarterly basis.
• Strive to create a consistent approach across businesses, products and regions, as appropriate.

Basic Qualifications

• Bachelor’s Degree
• Approximately 3 or more years of experience in financial services with a strong understanding of financial products

Preferred Qualifications

• Interest in compliance laws, rules, regulations, risks and typologies
• Experience with Risk and Control Self Assessments (RCSA) frameworks and processes
• Motivated by learning and continuous improvement
• Ability to learn quickly, work independently, form own judgment/opinions, provide insights and drive change
• Proactive with strong analytical, interpersonal and communication skills (written and verbal) and ability to work effectively with colleagues in other regional offices
• Excellent project management and organizational skills and capability to handle multiple projects at one time 
• Strong attention to detail
• Strong academic background, preferably in quantitative fields such as mathematics, computer science, engineering or statistics