Job Description:
The Capital Markets Surveillance Team (CMS) is part of the Compliance Risk Management Group within the Compliance Department. CMS is responsible for working with Business Management, Compliance Advisory, and IT to create surveillance reports. It then analyzes transaction alerts generated from the Firm’s activity monitoring systems to detect potential regulatory violations, market manipulation, or suspicious activity. Matters of importance and recommended corrective action are brought to the attention of Senior Management and tracked to resolution. CMS plays a critical role in working with the front and back office staff to perform investigations, when necessary, and to determine and coordinate corrective action.
The Capital Markets Surveillance E-Communications Team Leader reports to the Head of US Capital Markets Surveillance. Capital Markets Surveillance is a specialized unit within Ethics and Compliance N.A. This position is responsible for working closely with Business Management, Compliance Advisory, and IT to evaluate vendor options for purposes of selecting e-communication surveillance tools, and managing a team that conducts surveillance of e-communications.
The CMS E-Communications Team Leader Does The Following
Manages a team responsible for reviewing e-communications for the purpose of detecting potential regulatory violations, identifying suspicious activity and items requiring corrective action;
Responsible for managing all aspects of the project of evaluating of e-communication vendors, and documenting and reporting on such evaluations;
Works closely, and serves as a liaison with Senior Business Management in order to fully understand the business lines and products in which the firm transacts;
Raises matters of importance to Departmental Management for discussion, participates in Team meetings, conducts investigations into potential violative and/or suspicious activity and if warranted, refers cases for Suspicious Activity Reports filing with the Financial Crimes Enforcement Network for law enforcement purposes;
Determines whether the bank is in compliance with applicable industry rules and regulations and also brings reputational risk items to the attention of Management;
Ensures that CMS E-Communications Surveillance Procedures are current, provides backup support in case of Team Member absence and works on various departmental related projects;
Manages the quality of the CMS E-Communications Surveillance Program;
Escalates serious potential issues and exception items noted during the review process to the Head of US Capital Markets Surveillance for discussion and further investigation if deemed necessary;
Conducts investigations, including interviewing subjects of investigation, and writing detailed investigation reports;
Periodically reports on significant activities conducted and planned for the upcoming period;
Works closely with the other Team Leaders who are responsible for Trade Surveillance, particularly for purposes of information sharing; and
Conducts or assists with special investigations and projects as deemed necessary by Senior Compliance and Business Management.
Qualifications
The Desired Skills For This Position Include
Strong knowledge of U.S. securities, derivatives, futures and banking regulations, including the rules and regulations of the SEC, CFTC and all exchanges and associations under such federal agencies, including FINRA, NFA, NYSE, CBOE, ISE, CME, NYMEX and ICE US;
Strong knowledge of equities, commodity derivatives, and prime brokerage market structure;
Working knowledge of securities and futures sales practice, marketplace and operational regulations and experience with clearing and surveillance applications;
Excellent interpersonal and communication skills with the ability to interact effectively with front and back office staff and senior management;
Advanced analytical and investigative skills;
Excellent organizational and project management skills and attention to detail;
Ability to manage multiple compliance investigations and projects at the same time and meet timely deadlines;
Ability to apply knowledge of regulations to numerous types of e-communications activities and operational and business arrangements in addition to interpreting the effect of new regulations on these activities;
Strong computer skills including MS Office Suite;
Ten + years of experience with a financial services firm and/or self-regulatory organization in a compliance or regulatory related position;
Experience with e-communication surveillance systems.
BA or BS Degree a must, Master’s Degree a plus; and
Securities licenses a plus.
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