Trade Surveillance Quality Assurance

Montreal - Canada

Monthly Salary: Not Disclosed

Posted on: 3 hours ago

Vacancies: 1 Vacancy

Job Summary

Overview:

TekWissen is a global workforce management provider headquartered in Ann Arbor Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions Retail Banking and Services and Corporate and Institutional Banking

Position: Trade Surveillance Quality Assurance

Location: Montreal QC H3A 2A6

Duration: 6-12 Months

Job Type: Temporary Assignment

Work Type: Onsite

Shift: 8.00AM-5.00PM

Job Description:

Business Overview:

Regulators law enforcement exchanges financial institutions and investors all rely on the orderly operation of financial markets in order to provide a foundation of economic growth and efficient access to capital.
The violation of these principles can cause severe disruptions in investor confidence and ultimately threaten the stability of the financial system.
The Capital Markets Surveillance (CMS) Team serves the MI Domain as a specialized unit within Ethics and Compliance N.A (the 2nd Line of Defense) and is primarily responsible for reviewing surveillance alerts and escalations conducting in depth investigations of trading activity and patterns refining and building surveillance controls in accordance with and in anticipation of regulatory expectations and remediation plans and supporting the oversight of the clients 1st Line of Defense (1LOD).
Physical presence in the office(s) is an essential function of this position.
The client requires all of our employees to be vaccinated in order to access its offices subject to reasonable accommodations for reasons related to disability or religion.
This role has the flexibility of being hybrid consisting of an in office and remote working component.

Responsibilities:

In addition CMS Surveillance Analysts are responsible for working with Business Management Compliance Advisory global counterparts and IT to monitor for potential market abuse regulatory violations and suspicious activity.
CMS plays a critical role in working with the 1LOD to perform investigations when appropriate and to determine and coordinate corrective action.

The CMS Surveillance Manager will:

Perform QA reviews of alert closures by the clientin the 1st Line of Defense (1LOD) team and 2nd Line of Defense.
Provide training and guidance to the Level 1 CMS team which performs a first-pass review of alerts to ensure quality and proper adherence to the Standard Operation Procedures;
Champion the development of new surveillance features and controls to address risk priorities as appropriate;
Provide support to the Quality Assurance functions as appropriate
Conduct or assist with special investigations and projects;
Assist with Internal Audit Compliance Testing and ad hoc regulatory requests.

Minimum Required Qualifications

Review alert and case closures performed by both the First and Second Lines of Defense to ensure completeness and accuracy.
Identify and document instances where closure narratives or decisions deviate from established Standard Operating Procedures (SOPs).
Escalate any issues of concern or procedural inconsistencies to the QA Manager for further review.
Assist in the administrative functions of the QA team including:
Generating and formatting QA reports for internal distribution.
Allocating alerts for review across the QA team.
Tracking closure trends and recurring issues for reporting purposes.
Support the development and refinement of QA metrics and dashboards.
Collaborate with surveillance analysts and compliance officers to clarify closure rationale when needed.
Maintain organized records of reviewed cases and QA findings for audit readiness.
Contribute to continuous improvement efforts by suggesting enhancements to SOPs and QA workflows.

Preferred Qualifications:

Exposure to trading desks exchanges electronic trading market or securities industry;
Technical understanding of capital markets with experience as a trader surveillance analyst or regulator
Experience with trade and e-comm surveillance and case management systems such as NICE Actimize SMARTS Veritas Digital Reasoning
Proficiency with market data solutions and due diligence vendors such as Bloomberg Reuters Worldcheck Lexis Edgar OTCMarkets etc.;
Expert-level skill set with MS Office Suite;

TekWissen Group is an equal opportunity employer supporting workforce diversity.

Overview: TekWissen is a global workforce management provider headquartered in Ann Arbor Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions Retail B...