Assistant Vice President, Trade Surveillance

Do you want your voice heard and your actions to count

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG) one of the worlds leading financial groups. Across the globe were 150000 colleagues striving to make a difference for every client organization and community we serve. We stand for our values building long-term relationships serving society and fostering shared and sustainable growth for a better world.

With a vision to be the worlds most trusted financial group its part of our culture to put people first listen to new and diverse ideas and collaborate toward greater innovation speed and agility. This means investing in talent technologies and tools that empower you to own your career.

Join MUFG where being inspired is expected and making a meaningful impact is rewarded.

OVERVIEW OF THE DEPARTMENT/SECTION

The Core Compliance department at MUFG plays a critical role in safeguarding the integrity and reputation of the investment bank. It is responsible for ensuring that the firm operates within the framework of applicable laws regulations and internal policies.

Within Core Compliance the EMEA Surveillance Department works closely with sales trading and business units to identify and manage market abuse risks executes a comprehensive trade and communication surveillance programme and promotes a culture of ethical conduct and accountability.

Our Trade Surveillance coverage includes sales and trading activities across multiple asset classes and financial markets within our London Bank and Securities businesses and similar businesses in other EMEA countries. Communications Surveillance covers the UK population and certain EMEA and other overseas operations which affect EMEA business.

MAIN PURPOSE OF THE ROLE

The primary purpose of this role is detecting monitoring analysing and investigating trading activities of MUFG and its clients to identify possible violations of market abuse regulatory requirements and MUFG trading and compliance particular this involves investigating alert referrals submitted by the Level 1 (L1) offshore surveillance team or escalations from the Front Office ensuring that each case is assessed promptly and thoroughly. You will be part of the London team in identifying potential indicators of market abuse and escalating cases where appropriate including those that may lead to the submission of Suspicious Transaction or Order Reports (STORs) to the regulator.

In addition this role will support the ongoing optimisation of the trade surveillance programme by assisting senior team members in key activities. Responsibilities include helping with the testing and calibration of surveillance alerts contributing to efforts aimed at improving system efficiency and providing day-to-day support to the Level 1 offshore surveillance team. The individual will work closely with lead stakeholders to ensure effective execution of surveillance processes and contribute to the development of offshore team capabilities.

KEY RESPONSIBILITIES

• Tasked with reviewing and investigating all referrals made by the offshore L1 team; documenting and analysing all relevant information to determine if any concerns of suspicious activity merit escalation to the Trade Surveillance Senior Manager and EMEA Head of Surveillance.
• Working collaboratively with the L1 team overseeing the quality of alert disposition and providing feedback to support training efforts.
• Assisting in sample-based quality assurance testing of the L1 team alert closures to ensure adequacy completeness and effectiveness.
• As part of BAU work conducting analysis of alert/referral patterns and escalation trends to identify emerging risks behavioural anomalies and potential market abuse issues.
• Giving support to the annual calibration and backtesting review process contributing to the analysis of results and recommendations for parameter changes that could improve the effectiveness of the overall trade surveillance framework.
• Contributing to the updating of trade surveillance alert procedures to reflect changes in the surveillance programme.
• Building relationships with the Front Office and wider Compliance teams in order to facilitate collating evidence for surveillance investigations.
• Supporting the training of the L1 team in new products/platforms and market abuse risk typologies specifically how these will impact alert disposition and the wider surveillance framework.
• Developing the ability to use automated communication surveillance systems to compliment the investigation of trade surveillance referrals.
• Maintaining a positive working relationship with external surveillance system vendors as part of effective incident management.
• Demonstrating a proficient understanding of financial markets covering major asset classes such as equities fixed income foreign exchange repos and derivativesincluding but not limited to futures swaps options and structured products.
• Having a thorough knowledge of relevant regulations and international standards supporting MUFGs adherence to MiFID II MAR FX Global Code Volcker Rule amongst others.
• Assisting in the planning and deliver of the Surveillance Teams annual objectives the supervision of the L1 team and supporting the Trade Surveillance Senior Manager / EMEA Head of Surveillance in the delivery of the departments and wider Compliance Divisions objectives.

WORK EXPERIENCE

Essential:

• Minimum of 3 years of practical experience in a trade surveillance function within an investment banking environment.
• Experience in contributing to detailed market abuse enquiries and investigations

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

• In-depth knowledge and expertise of the UK / EU Market Abuse Regulation other relevant global regulations (e.g. MiFID II Dodd Frank Act) and relevant FCA regulatory requirements and expectations on market abuse surveillance programmes.
• Knowledge and understanding of UK and EU financial markets across major asset classes (including equities fixed income FX and derivatives (options futures swaps structured products)) trading behaviours and market abuse typologies.
• Familiarity with surveillance technologies and optimisation techniques.

Preferred:

• Proficiency with trade surveillance platforms such as KX Nasdaq SMARTS or similar automated tools.
• Experience in data analytics or automation to enhance surveillance effectiveness.

Education / Qualifications:

Essential

• Bachelors degree in Finance Economics Business Administration or a related field.

Preferred:

• Advanced degree (e.g. MBA) or professional certifications such as CFA CAMS or ICA.

PERSONAL REQUIREMENTS

• Excellent communication skills
• Results driven with a strong sense of accountability
• A proactive motivated approach.
• The ability to operate with urgency and prioritise work accordingly
• Strong decision making skills the ability to demonstrate sound judgement
• A structured and logical approach to work
• Strong problem solving skills
• A creative and innovative approach to work
• Excellent interpersonal skills
• The ability to manage large workloads and tight deadlines
• Excellent attention to detail and accuracy
• A calm approach with the ability to perform well in a pressurised environment
• Strong numerical skills
• Excellent Microsoft Office skills

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued respected and their opinions count. We support the principles of equality diversity and inclusion in recruitment and employment and oppose all forms of discrimination on the grounds of age sex gender sexual orientation disability pregnancy and maternity race gender reassignment religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.