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Trade Surveillance Specialist

Company: Bank of America
Location: Dallas
Posted on: August 7, 2022

Job Description:

Job Description:The Calibration and Effectiveness team is responsible for ensuring that the Surveillance execution program conducted by EIT (Enterprise Independent Testing) is measured and monitored against internal standards and SLAs, through the execution of a series of Surveillance programs and ultimately improved via providing Surveillance subject matter expertise.The successful candidate must have deep knowledge on various surveillance and market misconduct behaviors such as wash trade, spoofing etc. and should understand the technical challenges associated with financial data and its correlation to surveillance exception alerts.The trade surveillance specialist is also responsible for conducting the periodic parameter review program in conjunction with EIT, Global Compliance, Technology and the first line unit to ensure all parameters are reviewed and fine-tuned. The successful candidate will also prepare monthly and quarterly reports to senior management, surveillance governance forum, presenting quantitative and qualitative analysis, charts/graphs on alert efficiency, trending and review of inclusion/exclusion logics with the purpose of identifying bottlenecks in the surveillance and ultimately improving the efficiency and accuracy of the banks surveillance program.This role will require strong project management and exceptional communication skills with various stakeholders from upper management to analysts on the ground.Other Key Responsibilities:

  • Work the broader teams such as reporting and Global technology to capture necessary data and automate periodic reports for various surveillance monitoring program and utilize various tools and statistical analysis to make the surveillance program more effective and efficient.
  • The successful candidate will also be reviewing the results of compliance examinations of various lines of business such as sales and trading desks and investment banking functions/processes.
  • The Trade Surveillance Specialist will coordinate with various lines of business and compliance partners to establish the scope of each exam; analyzing internal and supervisory controls to determine compliance with established standards and rule requirements; providing comprehensive written reports relating to the examinations; and tracking identified issues through completion.
  • Applies knowledge and subject matter expertise of Surveillance testing programs, industry practices within the business group. Independently conducts assigned responsibilities within the context of the business unit compliance program.Requires Skills:
    • In-depth knowledge of various financial assets such as Equities, Derivatives, Fixed income, FX and OTC products such as CDS and Swaps.
    • In-depth Knowledge of market misconduct behaviors and knowledge of various trade surveillances and their purpose
    • Basic knowledge of the applicable laws, rules, and regulations addressing Market Misconduct and Trade Surveillance in the relevant markets
    • Good understanding of financial data and how trading activity is presented in data.
    • Knowledge or experience in trading is preferred.
    • Excellent communication verbal and written skills
    • Exhibit a good level of analytical skills
    • Ability to effectively collaborate with all internal and external associates with various level of seniority.
    • Proficient in Microsoft tools including excel and word.Shift:1st shift (United States of America)Hours Per Week:40

Keywords: Bank of America, Dallas , Trade Surveillance Specialist, Other , Dallas, Texas

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