Vice President, US Market Surveillance

Nasdaq•Philadelphia, PA

3d•Hybrid

About The Position

Nasdaq’s U.S. equities and options markets are among the most liquid, technologically advanced, and systemically important markets in the world. The U.S. Market Surveillance organization plays a critical role in maintaining the integrity of these markets and supporting Nasdaq’s standing as a trusted and innovative exchange operator. The U.S. surveillance function is responsible for real‑time and post‑trade monitoring across Nasdaq’s U.S. exchanges, detection of market abuse, oversight of issuer‑related events that may impact trading, and management of trading‑floor surveillance for Nasdaq PHLX. The team ensures compliance with SEC, FINRA, and SRO rules; identifies and escalates unusual market activity; and partners closely with regulatory, legal, and technology teams to safeguard transparent, orderly, and efficient markets. The overarching goal of the U.S. Market Surveillance function is to uphold investor protection, promote market integrity, and ensure that the U.S. markets operated by Nasdaq remain fair, orderly, safe, efficient, and globally competitive. Expectations of the Role: In this executive leadership role, you will be responsible for Nasdaq’s consolidated surveillance program for its U.S. equities and options exchanges. The mission is to safeguard the integrity of the U.S. markets — a core regulatory obligation and a foundational component of Nasdaq’s reputation, business model, and license to operate. This function operates as an independent regulatory unit within Nasdaq. Therefore, its most important activities and decision‑making processes are structured to ensure independence, impartiality, and the highest standards of integrity. As the executive leading U.S. surveillance, you will: Set long‑term strategic direction for the Market Surveillance organization, including technology modernization, cross‑market integration, and adoption of advanced analytics and AI. Identify and champion strategic opportunities, including enhancements to surveillance capabilities, market‑integrity initiatives, and regulatory innovation. Leverage global perspectives, incorporating best practices from other Nasdaq regions (Nordics, Europe, Canada, etc.) and industry regulatory organizations to strengthen the U.S. surveillance framework. Serve as a primary regulatory steward, accountable to senior executive leadership, regulatory oversight committees, and boards of Nasdaq’s U.S. regulated entities. Represent the organization externally, including with regulators, member firms, issuers, and industry stakeholders. Guide future technology development, collaborating closely with regulatory technology teams, data scientists, and product partners to shape next‑generation surveillance systems and capabilities. Coordinate with Nasdaq regulatory and industry colleagues on cross-market surveillance matters, as well as on outsourced regulatory responsibilities performed by FINRA and similar organizations. Your leadership will have a direct and material impact on market integrity, investor confidence, regulatory outcomes, and Nasdaq’s commercial and reputational success.

Requirements

At least 10–15 years of progressively senior experience in market surveillance, exchange operations, market regulation, enforcement, or related financial‑markets disciplines.
Widely recognized subject‑matter expert with deep knowledge of U.S. market structure, surveillance techniques, regulatory obligations, and technologies.
Demonstrated ability to influence regulatory, business, and industry stakeholders.
Experience leading multidisciplinary teams and driving change in fast‑moving or highly regulated environments.
Ability to identify and solve complex, evolving market‑integrity challenges using analytical, innovative, and forward-leaning approaches.
Strong strategic thinking and communication skills, with the ability to brief senior executives, regulators, and boards.
Proven experience driving technology, data, and analytics transformation in a regulatory or market‑structure context.
High integrity, sound judgment, and an unwavering commitment to fair and orderly markets.

Nice To Haves

Advanced degree in law, finance, economics, or related field preferred.

Responsibilities

Set long‑term strategic direction for the Market Surveillance organization, including technology modernization, cross‑market integration, and adoption of advanced analytics and AI.
Identify and champion strategic opportunities, including enhancements to surveillance capabilities, market‑integrity initiatives, and regulatory innovation.
Leverage global perspectives, incorporating best practices from other Nasdaq regions (Nordics, Europe, Canada, etc.) and industry regulatory organizations to strengthen the U.S. surveillance framework.
Serve as a primary regulatory steward, accountable to senior executive leadership, regulatory oversight committees, and boards of Nasdaq’s U.S. regulated entities.
Represent the organization externally, including with regulators, member firms, issuers, and industry stakeholders.
Guide future technology development, collaborating closely with regulatory technology teams, data scientists, and product partners to shape next‑generation surveillance systems and capabilities.
Coordinate with Nasdaq regulatory and industry colleagues on cross-market surveillance matters, as well as on outsourced regulatory responsibilities performed by FINRA and similar organizations.
Assist Nasdaq’s Membership Department on certain matters pertaining to member firms and their associated persons subject to disciplinary action or regulatory restrictions, that may have a bearing on the firm or the person's ability to continue membership with a Nasdaq SRO.