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