Join us as a Surveillance Optimisation Lead
- You’ll support the business in managing their market abuse risk, through managing the design of the surveillance coverage model needed to detect behaviour indicative of market abuse
- You’ll support the management and key stakeholders in their delivery of the surveillance framework and our ability to monitor its effectiveness in mitigating conduct risk and meeting regulatory obligations, through representing surveillance in business owned Market Abuse Risk Assessments, owning requirement documentation and control evaluation and by assessing existing coverage against the businesses needs and agreeing action plans to address concerns and deployment testing
- You’ll work with Model Risk to ensure governance across our communication surveillance models and ensure they are calibrated and tested regularly
- You’ll also support in the identification and assessment of material risks, and in determining their position relative to agreed appetites. Identifying control weaknesses and pro-actively collaborating with stakeholders across the organisation to drive forward the development and delivery of remedial action plans where identified risks are considered out of appetite
What you'll do
As a Surveillance Optimisation Lead, you'll develop and deliver against the surveillance strategy and support the annual calibration and optimisation of electronic and voice communication surveillance scenarios, assessing control effectiveness and providing rationale.
You’ll also:
- Support model governance, develop the surveillance AI strategy and identify control weaknesses
- Regularly engage and inform our BAU surveillance team of any changes to our coverage model or gaps in our controls, ensuring procedures can be maintained and training can be provided to improve operational effectiveness
- Manage and ensure tight governance, including accurate reporting to governance fora on a regular basis
- Represent surveillance in business owned Market Abuse Risk Assessments
- Evaluate adequacy of controls and processes to identify any potential risks to surveillance and its service, identifying gaps in coverage against BRDs and incumbent key controls
- Provide an adequacy and effectiveness assessment of the incumbent controls in meeting the agreed surveillance coverage model
- Ensure issues are logged in our internal risk management system (Vantage) to trigger an assessment of market abuse risk
- Report on design and deployment issues into the surveillance control testing and control attestation to senior stakeholders
- Be tasked with annual independent deployment testing, creating and updating artificial instances of market abuse per surveillance scenario, in line with market abuse exposure
- Embed and oversee robust data quality oversight within our communication surveillance reporting to ensure full coverage and ensure control weaknesses are effectively reported through our internal risk management framework
The skills you'll need
We’re looking for someone comfortable operating within and managing a vast amount of change. You'll have a broad technical knowledge of products, services relevant to a large financial services organisation and regulatory obligations regarding market abuse.
You'll have calibration experience across communication surveillance and awareness of communication surveillance techniques and industry standards with the ability to create fabricated instances of market abuse to test control deployment and model drift.
In addition, you’ll need:
- Evidence or a qualification demonstrating broad technical knowledge of MiFID products
- Good communication skills, both written and verbal, and a clear understanding of how to define and manage the critical path, regularly assessing and prioritising competing tasks to maximise value
- To summarise complex issues to influence with impact
- Attention to detail and well-honed problem-solving skills
- Strong awareness of key surveillance vendors in the market and their offerings
Hours
35Job Posting Closing Date:
03/12/2025Ways of Working:HybridTop Skills
What We Do
We’re a business that understands when our customers and people succeed, our communities succeed, and our economy thrives. As part of our purpose, we’re looking at how we can drive change for our communities in enterprise, learning and climate.
As one of the leading supporters of UK business, we’re prioritising enterprise as a force of change. We’re focusing on the people and communities who have traditionally faced the highest barriers to entry and figuring out ways to remove these.
Learning is also key to our continued growth as a company in an ever changing and increasingly digital world. By setting a dynamic and leading learning culture, our people prosper, and our customers are given the tools to continue to improve their financial capability and confidence.
One of the biggest challenges we all face in our future is climate change. That’s why we’ve put it right at the core of our purpose. We want to champion climate solutions with financing and entrepreneurial support, fully embed climate into our culture and decision making, and be climate positive by 2025.
We’re committed to using our purpose to break down barriers, drive change and ultimately create a great place to work.
