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Compliance Officer – Surveillance

  • NYC
  • Full Time

Apply for the Compliance Officer – Surveillance position

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Broker dealer located in Midtown Manhattan looking to bring on board a “Compliance Officer – Surveillance” to join their team. This role is currently in a hybrid schedule (3 days in office / week).

 

Responsibilities:

  • Provide E-communications, Voice, and Trade Surveillance review services to US Broker-Dealer (BD) and FCM (futures commission merchant) business lines.
  • Review alerts with due consideration in a timely fashion, maintaining queues within guidelines.
  • Use technical expertise and Surveillance toolset to make determinations on whether or not an alert is a true positive or false positive, closing false positives with proper documentation including explanatory reasoning.
  • Seek additional clarifying information from Clients/Traders as appropriate.
  • Escalate potential true positives to management with proper documentation, including rationale.
  • Notify Employee’s Supervisor or Client of confirmed True Positive.
  • Follow up on open issues as needed.
  • Produce metrics on Surveillance reviews to the Head of US Surveillance.
  • Clearly delineated by date, business line, desk, alert type, client, and trader.
  • Participate in ongoing improvement of the Surveillance function
  • Testing of trade data and OMS/EMS systems to ensure the quality and completeness of data being input to the Surveillance tools.
  • Documented UAT Review of new scenarios.
  • Documented UAT Review of new scenarios.
  • Reclassify False Negatives to True Positives.
  • Reduce the quantity of False Positives without decreasing True Positives.
  • Provide Surveillance expertise to BD and FCM Advisory Compliance, adding context and counsel to the objective response.
  • Communicate and coordinate with colleagues in Compliance and the business to ensure efficacious processes.
  • Maintain and grow industry knowledge by actively following relevant news events and regulator action.
  • Ensuring compliance with the company’s regulatory requirements under the SEC, FINRA, NFA, CFTC and other applicable exchanges.
  • Adhere to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with.