Market Surveillance Optimization - VP

Purpose of the role

To monitor and analyse market activity for potential signs of abuse or manipulation, verifying that there is adherence to regulatory requirements and internal policies and taking action to mitigate market misconduct. 

Accountabilities

• Monitoring market activities continuously, including order flows, prices, trading volumes and communications to identify potential irregularities or market misconduct.
• Conducting in-depth investigations to gather evidence and assess the risk of market manipulation, insider trading, or other misconduct.
• Business support in projects related to the firm’s market surveillance framework.
• Regulatory query and internal/external audit support.
• Provision of accurate and timely reports to regulatory authorities, internal stakeholders, and management regarding market surveillance activities, incidents, and trends.
• Execution of appropriate controls aligned to the Barclays control framework and related firm-wide standards.
• Control environment support in relation to data quality, model effectiveness and efficiency.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..
• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Fixed Income Trade Surveillance Advisor will help coordinate and support the ongoing development of an effective, efficient and comprehensive Market Surveillance programme within Barclays. The team achieves this through commercial and risk-based prioritisation, innovative techniques and robust data analysis of existing scenarios. The team collaborates widely with Surveillance Operation, Technology, Business Oversight Compliance, the broader Compliance Function and the Business.  Role holder will also help with managing the model inventory and books of work in coordination with members of the global team.  Will support the creation, challenge and updating of supporting documentation on the rationale provided for recommendations, the presentation of recommendations to the appropriate Surveillance operating forum and to product compliance as required.

Key Accountabilities

• Contributing to the regular ad hoc and scheduled documented assessments of surveillance model scenarios across the programme to determine efficiency and effectiveness with a goal of optimising the scenarios by helping to enhance data quality, increasing relevant risk coverage and increasing scenario productivity,
• Ongoing monitoring of scenarios and performing testing of model scenarios to help evidence that scenarios are performing as intended,
• Monitoring market activities continuously, including order flows, prices, trading volumes and potentially communications to identify potential irregularities or market misconduct.
• Assist with in-depth investigations to gather evidence and assess the risk of market manipulation, insider trading, or other misconduct.
• Provide assistance and business support in projects related to the firm’s market surveillance framework.
• Support with regulatory queries and internal/external audit requests.
• Provision of accurate and timely reports to regulatory authorities, internal stakeholders, and management regarding market surveillance activities, incidents, and trends
• Execution of appropriate controls and /or reviews aligned to the Barclays control framework and related firm-wide standards.

Stakeholder Management and Leadership

• Assist with developing, enhancing and maintaining the function in accordance with business expansion and technical developments
• Following-up potential internal and external issues and report upwards to team members and management
• Support and help to manage ongoing relationships with Product Compliance Stakeholders and Compliance Technology and Change Management contacts

Decision-making and Problem Solving

• Provide assessment outcomes on the performance of model scenarios
• Help to drive surveillance optimisation book of work
• Provide assistance for surveillance coverage assessments, developing surveillance requirements that future proof the function, always considering the end-user experience of handling surveillance alerts
• Collaborate with the team developing complex surveillance models and Optimisation tooling
• Proactively manage emerging threats identified across Surveillance, in partnership with Global Surveillance Operations
• Assist in identifying significant surveillance issues, fully investigating and promptly escalating where necessary
• Be empowered and able to seek out relevant internal expertise as part of the analysis process

Risk and Control Objective

Take ownership for managing risk and strengthening controls in relation to the work you do.

Person Specification; Essential Skills/Basic Qualifications:

• A proven track record in contributing to the ongoing maintenance and improvement of a Markets Surveillance program
• Strong understanding of Market Surveillance risks/typologies and how they present themselves in the underlying data and transaction flows of the various products traded at Barclays
• Good understanding of the power of analytics to supplement global surveillance strategies
• Detailed understanding of applicable regional and global laws and regulations which govern and inform surveillance activities (e.g. MiFID II, MAR etc)
• Excellent understanding of how Compliance and its sub-functions interact with each other and the business and how Surveillance work with these areas to meet our functional objectives.

Desirable skills/Preferred Qualifications:

• Appropriate university degree
• Be “tech savvy” and interested by the opportunities technology provides for quality, efficiency or accuracy.
• Strong understanding of risk management and control functions
• Strong knowledge and experience of market surveillance systems (e.g., SMARTS, Trading Hub etc )

The key critical skills you required for this role are Decision-making and Problem Solving, Risk and Control Objective, and Stakeholder Management and Leadership.

This role is based out of Pune.