Information Barrier Surveillance Lead Analyst

TD Bank•New York, NY

12h•Onsite

About The Position

The VP Compliance TDS oversees/leads a team(s) of specialists/professionals providing advice, guidance and expertise on regulatory requirements and assisting business units to manage their regulatory risk. This role works independently and is accountable for managing a specialized compliance area, business or function and leads a team of specialists. The role is a subject matter expert for a functional area and a key contact for business management, regulators and external/internal auditors, dealing with non-routine information. Focuses on short to mid-range planning (e.g. 6-12 months) and manages regulatory reviews including inquiries, audits, and exams. TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Requirements

Undergraduate degree required
Relevant professional designations such as FINRA Certified Compliance Officer Program
Basic knowledge of trade surveillance is required
5+ years of experience trade surveillance with specific focus on Information Barrier Surveillance preferred
Surveillance experience at peer firm or regulator is preferred
Knowledge of the US markets and regulations, particularly in relation to Information Barrier Surveillance (knowledge of global markets is a plus)
Bachelors degree or progressive work experience
5-7 Years of related experience

Nice To Haves

Information Barrier Surveillance preferred
Surveillance experience at peer firm or regulator is preferred
Knowledge of global markets is a plus

Responsibilities

Conduct daily and periodic surveillance reviews related to Information barrier breaches, Restricted and Grey (Watch) List activity, Over the Wall Surveillance and misuse of Material Nonpublic Information (MNPI)
Ensure T+1 timeline for trade surveillance is adhered to, except in any special circumstances
Analyze alerts and relevant data to determine whether a trade involves violations of law, rules and regulations and/or firm policies
Familiarize with the emerging trends pertaining to regulatory changes and remain updated on trends related to Information Barrier surveillance (e.g., market abuse, regulatory expectations, etc).
Proactively identify matters requiring additional review and when to escalate to Surveillance Management and Advisory Compliance partners
Develop a thorough understanding of multiple market manipulation surveillance patterns and continuously look for efficiencies and enhancements to the work
Identify the gaps and improvements such as how the surveillance patterns can be enhanced or calibrated more effectively
Update the case management tool for every escalation and follow-up on pending open items on a regular basis, consistent with department procedures and regulatory expectations.
Coach and educate new joiners to drive compliance training, leveraging various tools such as recent regulatory fines to using complex exceptions that required further investigation
Execute on more complex and non-standard requests and escalations
Engage in consultation for calibration and bringing ideas or proof of concept that can improve the reviews
Support audit related activities by providing documentation and relevant subject matter expertise
Participate in surveillance projects that are critical to the department and pertaining to Trade Surveillance
Participate and contribute to Surveillance department meetings, monthly touchpoints, bi-weekly Supervision and Surveillance meetings
Work closely with the other stakeholders, such as Advisory Compliance, the Trading desks and Technology.
Provide support in enhancing the surveillance system through the Surveillance departments calibration process, including reviewing alerts, risk scoring of alerts, and possible parameter changes
Provide support to the regional Compliance teams by ensuring they have all the pertinent information to address their remediation of regulatory risk specific to their region
Analyze the data source and be able to draw conclusions to meet review requirements
Understand the trade flow from start to finish, including booking system, files being used for alert generation
Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriate
Be knowledgeable of practices and procedures within own area of responsibility and keep abreast of emerging trends for own functional area
Protect the interests of the organization – identify and manage risks, and escalate non-standard, high-risk activities as necessary
Conduct reporting and / or meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exist
Acquire and apply expertise in the discipline, provide guidance and direction to others
Identify, recommend and effectively execute standard practices applicable to the discipline
Adhere to internal policies/procedures and applicable regulatory guidelines
Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
Familiarize with key stakeholders including the front office teams as well as the support functions including Technology and Operations
Build relationships with Compliance Advisory team by working closely with them on regulatory requests and alert escalations
Co-ordinate requests to and from, business (Compliance) partners and coordinate tracking and reporting of Compliance function initiatives and programs
Prepare summaries, communications, reports and presentations for management, regulators, and other internal and external stakeholders
Proactively identify matters requiring additional review, escalation, and liaise with appropriate staff to resolve, as appropriate
Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication and/or escalation of issues
Network with other colleagues in Global Surveillance and the wider Compliance teams and showcase presence
Provide coverage to other colleagues for surveillance modules covered during cross training sessions
Volunteer to present cases/escalations during monthly meeting and team members should participate in the discussion
Gain an understanding of new trade surveillance modules and surveillance tools
Keep current on emerging trends/ developments and enhance knowledge of the business, related tools and techniques
Keep others informed and up to date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
Contribute to the success of the team by willingly assisting others in the completion and performance of work activities; provide training, coaching and/or guidance as appropriate
Contribute to a fair, positive and equitable environment that supports a diverse workforce
Act as a brand ambassador for your business area/function and the bank, both internally and/or externally