Job Abstract

New York, United States of America

This Trade Surveillance role is an integral part of the Santander US CIB Central Compliance team and is primarily responsible for executing the team’s responsibilities in ensuring the completeness and integrity of the Firm’s trade surveillance program.  The incumbent works closely with team members, technology and risk partners, vendors, among others, to ensure the Firm’s trade surveillance program meets regulatory requirements and internal policy and procedures. The incumbent also undertakes standard reviews and escalates to senior staff where non-compliance is identified.

Job Description

USA Job Family Description: Monitors activities to minimize the company's exposure to risk. Activities may include data analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that company activities adhere to the necessary rules and regulations, and that the company complies with applicable legal/regulatory statutes and jurisdictions.

More specifically, this role will perform a suite of surveillance functions primarily related to transactional activity (e.g., orders, trades) to review, detect and investigate potential issues relating market misconduct (e.g., insider trading, front running, wash sales, spoofing, marking-the-close) or non-compliance with firm policy.


Essential Functions/Responsibility Statements:

• Reviews transaction alerts, order and trade data across multiple products including fixed income, equities, listed and OTC derivatives, FX derivatives for potential market misconduct (market abuse activities) or potential infractions of firm policies and procedures.
• Performs reconciliations, data quality checks and other controls to confirm operational integrity related to data ingestion and processing of the surveillance tool.
• Partners closely with team members and other stakeholders to review, and where necessary, enhance surveillance parameters and fortify surveillance program to address new products, change in trade flows and/or implement new types of reviews.
• Creates/maintains/provides compliance metrics, as needed, relating to trade surveillance.
• Responds to internal queries and work closely with other team members to promptly investigate and/or respond to regulatory and audit inquiries.
• Escalates potential issues to senior staff where potential issues are identified.
• Provides support, as needed, for e-communication (written/audio) surveillance, or if e-comm surveillance is needed as part of a trade surveillance review.
• Assists in updating surveillance manuals.
• Identifies systemic procedural weaknesses and additional training requirements needed to ensure compliance.
• Evaluates controls in place to ensure continuous compliance measures with laws, regulations and policies affecting the organization, recommends process improvements to management.
• Collaborates with team on projects and program tasks intended to improve compliance and enhance the control environment.
• Keeps current on existing and proposed legislation, regulatory announcements, and industry practices for compliance requirements, and works with team to implement procedures to meet these requirements.
• Validates controls or project plans to ensure compliance with laws, rules and regulations.
  
  Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  
  Education:
  Bachelor's Degree: Business, Finance or equivalent degree.
  
  Work Experience:
  5+ Years Compliance, Legal, Regulatory, or Financial Services performing trade surveillance (listed and OTC derivatives a plus)
  
  Skills and Abilities:
  • Practical knowledge of key business control areas (Audit & Risk Review, Risk Management, Finance, Human Resources, Compliance and Legal) and governmental regulatory agencies.
  • Practical knowledge of equity, fixed income, derivatives trading. Pref
  • Unwavering ability to exercise sound judgement.
  • Ability to work under pressure and within tight deadlines with a consistently high level of accuracy.
  • Ability to multi-task on several different assignments
  • Ability to quickly and effectively respond to inquiries.
  • Ability to effectively deal with senior management and work cross-functionally as a team player.
  • Ability to guide staff and numerous projects simultaneously.
  • Ability to communicate effectively, and influence others, including senior leadership.
  • Proactive and self-starter with high level of ownership and strong attention to detail.
  • Motivated by daily operational processes and the opportunity to refine those processes.
  • Excellent verbal and written communication skills.
  •  Intermediate Microsoft Office (Excel, Word, PowerPoint, Outlook, Sharepoint) skills.
  • Strong project management skills.
  • Spanish/Portuguese speaking a plus.

Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.

Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.

Bachelor of Science (BS) English

Primary Location: New York, NY, Madison Ave Corp

Other Locations: New York-New York

Organization: Banco Santander S.A.

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.