Surveillance Officer - Associate/Manager
Posting Date: Jul 3, 2019
Primary Location: Europe, Middle East, Africa-United Kingdom-United Kingdom-London
Employment Type: Full Time
Job Level: Manager
Surveillance Officer – Associate/Manager
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Professionals within Legal and Compliance provide a wide range of services to our business units. They might help to structure a complex and sensitive cross-border transaction; advise on a new product introduction; develop a training program or defuse an investor dispute. They preserve the Firm's invaluable reputation for integrity and protect the firm from sanctions with policies and procedures that meet regulatory requirements around the world. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the firm's businesses.
As a member of the EMEA Surveillance team the primary focus of this role is to play a core role in executing the EMEA trade and communications surveillance programme, supporting the Firm’s work to monitor and mitigate market abuse and other risks.
Depending on the skills and experience of the successful candidate, role responsibilities may include:
• Overseeing the daily surveillance of equities, fixed income and commodities trading to monitor for compliance with relevant regulatory and exchange requirements.
o Managing exception and other surveillance reports to monitor for compliance with Firm policies, procedures and relevant rules, laws and regulations.
o Liaising with Compliance colleagues, Operations and front office staff to investigate surveillance alerts as necessary.
o Resolving escalated alerts appropriately and promptly, documenting results clearly and escalating possible exceptions as appropriate.
o Overseeing the efficiency and effectiveness of reports where the daily output is managed by an offshore team.
• Working with key stakeholders (e.g. Compliance Coverage, Business Unit Risk, IT, third party vendors) to identify enhancements to the surveillance programme.
• Assisting with the design and deployment of new controls, in addition to the enhancement and calibration of existing controls.
• Conducting ad hoc trading reviews to support Legal and Compliance colleagues.
• Conducting detailed incident reviews as necessary, reporting STORs to the UK FCA or other competent authorities as required.
• Assisting in the production and enhancement of MI reporting.
• Building relationships with internal clients and collaborate with colleagues across EMEA and in global surveillance teams to deliver the annual surveillance programme.
• Provide expert advice to the Regulatory Enquiries team and Compliance Coverage on surveillance matters, including trading behaviour, exchange functionality, market dynamics, suspicious behaviours, etc.
• Assisting in the delivery of surveillance related projects or initiatives.
The reporting line will be to the EMEA Trade Surveillance team leader.
Skills required (essential)
• Detailed working knowledge of relevant: (i) rules and regulations; and (ii) products and market infrastructure.
• Excellent communication skills - able to communicate complex scenarios and concepts clearly, concisely and effectively, both in person and in writing, to senior stakeholders.
• Strong analytical skills
o Proven experience of analysing control logic or thresholds to assess effectiveness and possible enhancements.
o Experience of handling, analysing and presenting large data sets to identify exceptions.
• Experience using third party trade surveillance tools (e.g. SMARTS, Actimize) and market data (e.g. Bloomberg, Reuters Eikon) would be beneficial.
• Bright, organised and well-developed execution skills; capable of managing competing deadlines and prioritising a varied workload.
• Confidence to use own initiative and apply judgment in an in-house context.
• Able to build strong working relationships with front office and global colleagues in Compliance and IT, and work collaboratively to deliver first-class results.
• Adaptable and willingness to assist and support colleagues, promoting the overall success of the EMEA surveillance programme.
• Enthusiasm and aspiration to learn and develop.
• Degree (or overseas equivalent).
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.