Compliance & Operational Risk Specialist

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Job Description:
This job is responsible for assisting the Compliance and Operational Risk officer team to execute second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively "the Policies"), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.

Responsibilities:

Assists in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentation

• Engages in activities to provide support to the Compliance and Operational Risk teams in order to provide independent compliance and operational risk oversight of Front Line Unit or Control Function performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures

• Assists in identifying and escalating problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses

• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into management routines

• Assists in responding to regulatory inquiries and other audits and examinations

• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory

Skills:

• Monitoring, Surveillance, and Testing

• Process Management

• Regulatory Compliance

• Reporting

• Risk Management

• Attention to Detail

• Critical Thinking

• Interpret Relevant Laws, Rules, and Regulations

• Issue Management

• Policies, Procedures, and Guidelines Management

• Active Listening

• Advisory

• Business Process Analysis

• Written Communications

The Effectiveness and Efficiency team is responsible for measuring monitoring and constantly improving the effectiveness and efficiency of the Trade Surveillance Program. The team conducts this responsibility by executing a number of programs such as contsant review and monitoring of generated alerts, efficiency of alerts, effectiveness of analysts/Surveillances/Systems by conducting programs such as Quantitative Analysis, Review of Triggering Events, overseeing the annual parameter review program and more.

Responsibilities:

• Assist the team with constantly monitoring, measuring and improving the overall Effectiveness and Efficiency of the program through the execution of the various programs.

• Ensure that the Trade Surveillance program is executing against internal and external SLAs and review, analyze and recommend new solutions to ensure compliance with SLAs.

• Cross-collaboration with all teams involved in Trade Surveillance from Technology to all regional execution teams to deliver on projects, programs and work through various audit issues.

• Assist with weekly, monthly and quarterly reports and representation of stats to the various forums.

• Assist the team quantitative analysis, automation, statistical analysis and quality assurance projects related to Trade Surveillance Effectiveness and Efficiency.

• Assist with the documentation and presentation of processes and procedures.

• Exhibit leadership and communication skills especially as it relates to cross department and business unit function collaboration.

• Provide subject matter expertise on market misconduct behaviors.

• Cultivates healthy working relationships with peers, partners and senior leaders across a variety of functional groups, including Compliance and Operations Risk group, Global Technology and operations and the Front line Units.

• Assists in assessing risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations, adhering to policies, and developing reporting and documentation

• Engages in activities to provide support to the Compliance and Operational Risk teams in order to provide independent compliance and operational risk oversight of Front-Line Unit or Control Function performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management -Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures

• Assists in identifying and escalating problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses

• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into management routines

• Assists in responding to regulatory inquiries and other audits and examinations

• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory.

Required Skills:

• In-depth knowledge of various financial assets such as Equities, Derivatives, Fixed income, FX and OTC products such as CDS and Swaps.

• In-depth Knowledge of market misconduct behaviors and knowledge of various trade surveillances and their purpose

• Knowledge of the applicable laws, rules, and regulations addressing Market Misconduct and Trade Surveillance in the relevant markets

• Exhibit a good level of analytical skills/analytical thinking

• Proficient in Microsoft tools including excel and word.

• Excellent communication verbal and written skills

• Ability to effectively collaborate with all internal and external associates with various level of seniority.

• Bachelor's Degree or relevant work experience

Desired Skills:

• Good understanding of financial data and how trading activity is presented in data. Understanding of FIX data specifically is a positive.

• Coding skills especially in Python are a positive.

• Understanding of Statistical models and system efficiency methodologies such as Six Sigma is a positive.

• Knowledge or experience in trading is preferred.

• 3+ Years experience working in a function dealing with market manipulation misconduct

• 6+ years in Financial Industry/Financial Technology

Shift:
1st shift (United States of America)

Hours Per Week:
40

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