Operations Analyst I

Company: Mitchell Martin
Location: Jersey City
Posted on: May 10, 2022

Job Description:

Our client, a banking company, is seeking an Operations Analyst I


Location: Jersey City, NJ
Position Type: Contract


Business Overview:


Capital Markets Surveillance (CMS) is part of the US CIB Compliance Department. CMS is responsible for working with among others: Compliance Advisory, ITO and various first lines of defense ("Businesses"), principally in Global Markets and BP2S, to perform independent market integrity oversight and monitoring activities including but not limited to creating surveillance models and reports, as well as analyzing transaction alerts generated from the Broker-Dealers/FCMs and Custody activity monitoring systems and exceptions generated from exception reports to detect potential regulatory violations, market manipulation, or suspicious activity. Matters of significance and recommended courses of corrective action are brought to the Head of CMS and the attention of among others: the Head of Functions Compliance (which includes CMS), the US Broker Dealers Chief Compliance Officer, the Americas Compliance Chief Operating Officer and ultimately the Americas Compliance Chief Compliance Officer (collectively, Senior Compliance Management), and tracked to resolution. CMS plays an important role in working with front, middle and back-office staff to perform reviews, when necessary, and to determine and coordinate corrective action. CMS also interacts closely with US Financial Security (USFS is also part of US CIB Compliance) in addressing transversal surveillance matters particularly to the extent any adverse patterns or other items CMS observes requires referral to USFS for further investigation which could ultimately result in the filing of a Suspicious Activity Report (SAR).


The Capital Markets Surveillance Equities and Commodity Derivatives (EQD) Surveillance analyst reports to the CMS EQD Manager. CMS is a specialized unit within Ethics and Compliance N.A. This position is responsible, in part, for working with Business Management, Compliance Advisory, and IT to create surveillance reports, ensure that these reports are working as intended, and conduct user acceptance testing and document testing. The CMS Analysts is also responsible for closing alerts with quality explanations, and handling and analyzing various transaction alerts derived from Actimize, CMS's automated account activity monitoring system, and as well as internally generated exception reports.


The CMS EQD Surveillance Analyst does the following:
Conducts transaction surveillance of the Equities and Commodity Derivatives business units to detect potential regulatory violations, identify suspicious activity and items requiring corrective action. Each report surveyed for relates to specific SEC, CFTC, FINRA, NFA and other SRO regulations
Analyzes transaction activity detected, documents his/her findings, provides written explanations to the transaction detail, and conducts investigations into any transactional issue that may arise during his/her analysis
Contacts Front Office Salespeople, Traders, Supervisors and Compliance Advisory staff so that an appropriate resolution may be achieved
Raises matters of importance to Departmental Management for discussion, participates in Team meetings, conducts investigations into potential violative and/or suspicious activity and if warranted, refers cases for Suspicious Activity Reports filing with the Financial Crimes Enforcement Network for law enforcement purposes
Determines whether the bank follows applicable industry rules and regulations and also brings reputational risk items to the attention of Management
Ensures that CMS Procedures are current, provides backup support in case of Team Member absence and works on various departmental related projects
Conducts user acceptance testing (UAT) and documents such testing.
Candidate will assist with other duties/responsibilities and special projects as required by management.


The desired skills for this position include:
5 + years of experience with a financial services firm and/or self-regulatory organization in a compliance or regulatory related position
BA or BS Degree a must,
Master's Degree a plus
Experience with surveillance and case management systems, such as NICE Actimize and SMARTS Broker.
Strong knowledge of U.S. securities, derivatives, futures and banking regulations, including the rules and regulations of the SEC, CFTC and all exchanges and associations under such federal agencies, including FINRA, NFA, NYSE, CBOE, ISE, CME, NYMEX and ICE US
Strong knowledge of equities, options and commodity derivatives
Working knowledge of securities and futures sales practice, marketplace and operational regulations and experience with clearing and surveillance applications
Excellent interpersonal and communication skills with the ability to interact effectively with front and back-office staff and senior management
Fundamental analytical and investigative skills
Strong organizational and project management skills and attention to detail
Ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines
Ability to apply knowledge of regulations to numerous types of trading activities and operational arrangements in addition to interpreting the effect of new regulations on these activities
Strong computer skills including MS Office Suite
Securities licenses preferred (e.g. - Series 3, 4, and 7)

Keywords: Mitchell Martin, Jersey City , Operations Analyst I, Professions , Jersey City, New Jersey