Description
We are seeking an Assistant Vice President to support the ongoing development, optimisation, and effectiveness of our Market Surveillance programme.
The successful candidate will assess surveillance model scenarios, analyse their performance, and identify opportunities to improve surveillance coverage, data quality, and alert productivity.
Key Responsibilities:
- Conduct regular and ad-hoc assessments of market surveillance scenarios to evaluate their effectiveness and efficiency.
- Perform ongoing monitoring and testing of surveillance models to ensure scenarios are operating as intended.
- Identify opportunities to optimise scenarios through improved data quality, risk coverage, and alert productivity.
- Monitor market activity, including order flows, prices, trading volumes, transactions, and communications to identify potential market misconduct.
- Support investigations into potential market manipulation, insider trading, and other forms of market abuse.
- Support surveillance coverage assessments and development of new or enhanced surveillance requirements.
- Assist with the management and delivery of the Surveillance Optimisation book of work and model inventory.
- Prepare and maintain supporting documentation explaining surveillance assessments, findings, and recommendations.
- Present or support the presentation of optimisation recommendations to relevant Surveillance governance forums and Product Compliance stakeholders.
- Work collaboratively with teams developing surveillance models, analytics capabilities, and optimisation tooling.
- Identify emerging surveillance risks and issues and support investigation and escalation where appropriate.
- Provide support for regulatory enquiries and internal or external audit requests.
- Produce accurate and timely reporting on surveillance activities, issues, trends, and optimisation outcomes.
- Build and maintain effective relationships with Surveillance Operations, Product Compliance, Compliance Technology, and Change Management teams.
- Execute appropriate controls and reviews in line with the Barclays control framework and applicable standards.
Requirements:
- Proven experience supporting the maintenance, assessment, or optimisation of a Markets Surveillance programme.
- Strong understanding of surveillance scenarios, model performance, alert generation, scenario testing, and optimisation techniques.
- Strong knowledge of market surveillance risks and typologies, including market manipulation and insider trading, with an understanding of how these risks appear within transaction, order, and trading data.
- Good understanding of how data analysis and analytics can be used to assess surveillance effectiveness, improve risk coverage, and reduce unproductive alerts.
- Detailed understanding of relevant market conduct and surveillance regulations, including MiFID II and MAR, and how regulatory requirements influence surveillance programmes.
Desired Qualifications:
- Relevant experience within Market Surveillance, Trade Surveillance, Compliance Surveillance, Market Conduct Risk, or a related Compliance/Financial Crime function.
- Experience working with surveillance scenarios, alerts, trading or transaction data, and surveillance controls.
- Understanding of financial markets, traded products, order flows, and market conduct risks.
- Strong analytical and problem-solving skills with the ability to interpret surveillance data and scenario performance.
- Ability to document findings clearly and communicate recommendations to Compliance, Technology, and business stakeholders.