AVP: Position Surveillance

AVP: Position Surveillance

Location: London (Hybrid)

Salary: Competitive

Permanent

AVP: Position Surveillance | Financial Services | London

Overview

A leading financial markets infrastructure with a truly global footprint is on the lookout for a Position Surveillance specialist to join its Market Surveillance team to monitor activity on all trading venues to ensure that the markets remain fair, transparent, and orderly.

As well as the monitoring of positions to identify activity or the building of positions that may be detrimental to the integrity of the markets, the role also involves the calculation, issuance, and monitoring of the lending rules, as well as identifying and overseeing large positions through the accountability levels process. The team is also responsible for the publication of market data reports, working with the Regulatory Reporting team to ensure that position data is accurate, complete, and timely.

Responsibilities

• Oversee the receipt of OTC position reports from Members and participants, as well as participate in the development of the reporting mechanism of OTC positions.
• Carry out position monitoring tasks, such as the Accountability Levels process.
• Calculation, issuance, and monitoring of the Lending Rules on a daily basis.
• Analysis of ETD and OTC position reports to identify positions and activity that may be abusive or damaging to the integrity of markets.
• Publication of market data reports to data vendors and onto the website. This includes the correction and republication of data in the event of errors in the data submission.
• Oversee Member submission of files to fulfil Regulatory CPR and PII reporting requirements.
• In conjunction with Post Trade Operations, monitor matching performance through the Late Input Performance Statistics.
• Assist in projects related to the development of the Position Surveillance Team’s systems and processes to ensure the surveillance programme remains robust and effective.
• Assist with responding to requests for information from the FCA and other stakeholders when required.
• Keep abreast of market and regulatory news that may impact the surveillance programme.
• Assist in the preparation of Market Surveillance Management Information reports.
• Draft and update procedure manuals as and when required.
• Provide support to the rest of the Market Surveillance team on day-to-day tasks or special projects when required.

Requirements

• 2:1 degree or above, or similarly strong academic background in a quantitative subject.
• Knowledge of exchange traded derivatives or commodities markets.
• Knowledge of OTC commodities trading and trade processing.
• Trade monitoring experience.
• Understanding of the Market Abuse Regulation (MAR).
• Ability to draft letters and reports in a concise, professional, and clear manner.
• Experience designing and managing systems changes.
• Experience developing and implementing new processes and procedures.

Are you ready to thrive in a challenging and rewarding environment at an organisation that places integrity at the heart of everything they do?