Director, Macro Lead, Compliance Surveillance

Job Description

JOB SUMMARY Macro Surveillance (FX, FI, Commodities) lead managing multiple teams in different geographical locations who are responsible for identifying potential trading anomalies, indications of market abuse and other inappropriate activity across all Macro productlines. The role includes managing automated monitoring of trade, voice, and e-communication activities. Responsibilities include: • Design and implement surveillance strategy and processes to create, enhance and implement surveillance scenarios. • Independently conduct data driven surveillance effectiveness and optimisation reviews to identify data issues and coverage gaps. • Work closely with developers and stakeholders to design and implement new monitoring scenarios and improve existing surveillance. • Provide subject matter expert advice around market structure, critical data elements and differentiate methodologies based upon OTC and exchanged based trading. • Analyse significant risk events to ensure that all risks are identified and reported and make risk mitigation recommendations. • Undertake in-depth calibration reviews of detection scenarios and parameter settings. • Prepare management information reports and present findings and recommendations to senior management. • Analyse relevant market abuse laws and regulations, and correlate this to products and business models. • Coordinate responses to regulatory enquiries. • Work closely with global colleagues and stakeholders (including staff in Legal and Compliance, Operations and Technology) to promote the ongoing development and effectiveness of the surveillance program. RESPONSIBILITIES Strategy Design and implement surveillance strategy and processes to create, enhance and implement surveillance scenarios. Independently conduct data driven surveillance effectiveness and optimisation reviews to identify data issues and coverage gaps. Work closely with developers and stakeholders to design and implement new monitoring scenarios and improve existing surveillance. Business

• Independently, as Lead for Macro Surveillance, Identify and highlight underlying market abuse risk
• Define methodology, processes and changes/updates to Macro product monitoring procedures
• Manage and perform monitoring for all Macro products to identify and escalate for in any of the following scenarios: potential trading anomalies, indications of market abuse, indications of inappropriate client execution and other inappropriate activityacross all product lines where manual monitoring is active.
• As an independent second line risk control function, execute the relevant aspects of the Compliance framework through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature,scale, and complexity of the Groups business
• Overall leadership for direct reports of the Trade Surveillance Monitoring team and any matrix reports within Surveillance in GBS locations.

Processes Communicate and Collaborate

• Support effective and timely communication along with collaboration cutting through functions and business
• Work in collaboration with other product heads, analytics, data and project teams to automate manual monitoring processes, in a risk relevant, cost efficient manner.
• Regular and diarised catch ups with Head and other management members of Trade Surveillance.

Agility in Strategic Change Management

• Manage and protect business as usual (BAU) capability during change programmes, as well as during the execution and delivery of the Remediation initiatives through project phase and into BAU, for manual monitoring processes.
• Provide subject matter expert advice around market structure, critical data elements and differentiate methodologies based upon OTC and exchanged based trading data for all Macro product lines.
• Provide guidance based upon deep understanding of Financial Markets products and systems
• Provide guidance, and support to the project managers on managing change
• Ensure that there is adequate support for people, processes, tools, frameworks, systems in Surveillance, Monitoring & Conduct GBS team
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters

People & Talent

• Provide leadership, management and coaching to direct and matrix reports to ensure they are highly engaged and performing to their potential.
• Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
• Collaborate with training teams to input to training curriculum to support closing of capability gaps.
• Ensure the respective team is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively, to support sustainable business growth and address compliance risks.
• Provide objectives and clear strategic view to team, highlighting the importance of accurate monitoring and essential de-commission of macro products manual monitoring which have overlap with automated solutions.
• Ensure staff in the respective team have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.
• Monitor team or individual progress and measure delivery to meet performance goals
• Plan and manage staffing levels based on workload

Risk Management

• Support all control checks approved by Operational Risk Framework (ORF) & be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework
• Analyse significant risk events as defined by (ORF) to ensure that all are identified and reported and make risk mitigation recommendations (and/or implement) to relevant stakeholders
• Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased

Governance

• Provide governance on both initial or secondary reviews and/or resolve alerts/cases by following the relevant Surveillance, Monitoring & Conduct Standard Operating Procedure with focus on Market Abuse

Regulatory &am