Head of Surveillance (excluding Americas)

Marex

  • London
  • Permanent
  • Full-time
  • 1 month ago
About MarexMarex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The group provides comprehensive breadth and depth of coverage across four core services: clearing, agency and execution, market making, and hedging and investment solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to 60 exchanges. The group provides access to the world's major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. With more than 40 offices worldwide, the group has over 2,300 employees across Europe, Asia and the Americas.For more information visitThe Energy Operations Department provides support to our Energy Brokers and the clients who they serve. They are responsible for timely submission of trades onto exchanges and the venues we support. In addition, we provide first line support for Trayport and NEON Energy.Role SummaryManage the regional surveillance team that monitors client and proprietary trading activity in the UK, Europe, MENA and APAC to detect potential regulatory, exchange and conduct breaches.Responsibilities
  • Supervise the operation of trade and communication surveillance controls for all areas of the business and in various asset classes.
  • Form part of the global surveillance management team, designing and executing the surveillance strategy and ensuring the effective and efficient operation of the global program.
  • Oversee the preparation of clear and organised surveillance work papers to document and support work performed and conclusions reached.
  • Be the initial point person for escalated alerts from the Surveillance team covering activity in the UK, Europe, MENA and APAC
  • Provide training and quality assurance for surveillance resources based in London, Paris, Sydney and any other sites required in future to support the monitoring of Marex business outside the Americas.
  • Recommend and manage the implementation of system and procedural changes that would enhance the effectiveness and efficiency of the trade surveillance programme.
  • Prepare as needed documents for submission to exchanges and regulatory bodies.
  • Draft documents as a result of issues/findings arising from the monitoring.
  • Conduct monthly meetings with desk or business heads.
  • Interact with all levels of the business, including Senior Staff, desk heads, sales and proprietary traders.
  • Ensure the ongoing operation of controls supporting the robustness and effectiveness of the surveillance program, including threshold/parameter reviews, lexicon reviews, quality assurance, control effectiveness reviews, etc.
  • Ensure procedures are being followed consistently within the team and that evidence is stored in line with relevant procedures.
  • Collaborate with the Head of US Surveillance to ensure consistency where possible in processes and controls.
  • Undertake ad hoc projects, including those of a global nature, as required.
  • Engage in acquisitions and business change initiatives to ensure surveillance processes are developed or enhanced as required to meet the needs of the those businesses.
Standard Responsibilities for All Employees:
  • Ensure compliance with the company's regulatory requirements
  • Adhere to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with
  • Be a role model for demonstrating highest level standards of integrity and conduct and reflecting Company Values.
  • At all times comply with the FCA's Code of Conduct and Marex's Code of Conduct
  • Ensure that you are fully aware of and adhere to internal policies that relate to you, your role or any other activities for which you have any level of responsibility
  • Report any breaches of policy to Compliance and/ or your supervisor as required
  • Escalate risk events immediately
  • Provide input to risk management processes, as required
Skills and Experience
  • Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
  • Demonstrable experience working in and leading a surveillance team, with knowledge of the techniques, processes, controls and best practices required to ensure a robust surveillance function that is effective and efficient.
  • Problem solving skills
  • Negotiation skills
  • Experience working in an environment with multiple, sometimes competing, priorities
  • Knowledge of and experience of implementing surveillance best practices, including both the primary surveillance controls and the supporting processes (e.g. threshold reviews, QA, etc.)
Competencies
  • Excellent verbal and written communication skills
  • A collaborative team player, approachable, self-efficient and influences a positive work environment
  • Demonstrates curiosity
  • Resilient in a challenging, fast-paced environment
  • Ability to take a high level of responsibility in a fast pace and high-volume environment
  • Excels at building relationships, networking and influencing others
  • Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness
  • Structured and methodical approach to work
  • Attention to detail
  • People management
Conduct RulesYou must:
  • Act with integrity
  • Act with due skill, care and diligence
  • Be open and cooperative with the FCA, the PRA and other regulators
  • Pay due regard to the interests of customers and treat them fairly
  • Observe proper standard of market conduct
  • Act to deliver good outcomes for retail customers
Company ValuesActing as a role model for the values of the Company:Respect - Clients are at the heart of our business, with superior execution and superb client service the foundation of the firm. We respect our clients and always treat them fairly.Integrity - Doing business the right way is the only way. We hold ourselves to a high ethical standard in everything we do – our clients expect this and we demand it of ourselves.Collaborative - We work in teams - open and direct communication and the willingness to work hard and collaboratively are the basis for effective teamwork. Working well with others is necessary for us to succeed at what we do.Developing our People - Our people are the basis of our competitive advantage. We look to “grow our own” and make Marex the place ambitious, hardworking, talented people choose to build their careers.Adaptable and Nimble - Our size and flexibility is an advantage. We are big enough to support our client's various needs, and adaptable and nimble enough to respond quickly to changing conditions or requirements. A non-bureaucratic, but well controlled environment fosters initiative as well as employee satisfaction.Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.

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