Compliance Officer - Surveillance - VN2542

Marex•Chicago, IL

About The Position

Marex is recruiting for a Surveillance Compliance officer to join their team in New York. The role will primarily focus on Surveillance (Trade Activity and Communications) across a range of asset classes (Cash Equity, Fixed Income, Commodities, Derivatives (Futures, Options, Swaps)) on multiple exchanges, trading platforms and venues with an opportunity to gain exposure to a wider range of compliance activities at a market-leading firm. Marex has unique access across markets with significant share globally both on and off exchange. The depth of knowledge amongst its teams and divisions provides its customers with clear advantage, and its technology-led service provides access to all major exchanges, order-flow management via screen, voice and DMA, plus award-winning data, insights and analytics. In the ever-evolving financial landscape, Compliance has become increasingly complex. Marex must navigate a wide range of regulatory requirements to maintain licenses and protect Marex’s reputation. Compliance and Compliance Officers play a crucial role in ensuring that all activities are conducted in accordance with the law. Compliance Officers monitor transactions, conduct regular audits, train employees on regulatory requirements, and implement policies and procedures to minimize non-compliance risks. Compliance efforts are instrumental in fostering a compliant culture within Marex and ensuring that all employees understand their responsibilities. Furthermore, Compliance is a bridge between Marex and regulatory authorities. Compliance is responsible for responding to inquiries, providing necessary documentation, and cooperating with regulatory examinations and investigations. This collaboration is essential in maintaining a healthy and transparent relationship between Marex and regulatory bodies.

Requirements

Excellent understanding of financial markets.
Data analysis and interpretation skills.
Proficiency in Microsoft Office products (Word, Excel, Outlook, etc.).
Organizational and time-management skills.
Excellent verbal and written communication skills.
Existing Surveillance experience in a financial markets context.
Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

Nice To Haves

Bachelor’s Degree in Finance, Economics, Business, or other related field.

Responsibilities

Provide E-communications, Voice, and Trade Surveillance review services to US Broker Dealer (BD) and FCM 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
Actively suggesting potential enhancements that would Increase discovery of True Positives. Reclassify False Negatives to True Positives. Reduce the quantity of False Positives without decreasing True Positives.
Calibration testing for new and existing scenario.
Documented UAT Review of new scenarios.
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.
Other Surveillance services as assigned.
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.
Role model for demonstrating highest level standards of integrity and conduct and reflecting Company Values.
At all times complying with Marex’s Code of Conduct: To 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. To report any breaches of policy to Compliance and/ or your supervisor as required. To escalate risk events immediately. To provide input to risk management processes, as required.
The Company may require you to carry out other duties from time to time.