Head Global Market Surveillance Vice President Head Global Market Surveillance Vice President …

State Street Bank
in Boston, MA, United States
Permanent, Full time
Be the first to apply
State Street Bank
in Boston, MA, United States
Permanent, Full time
Be the first to apply
Head Global Market Surveillance Vice President
Head of Market Abuse Surveillance, Global Markets, Vice President Boston, Massachusetts/en-US/Global/job/Boston-Massachusetts/Head-of-Market-Abuse-Surveillance--Global-Markets--Vice-President_R-634640/apply


State Streets Global Markets business has established a Business Risk and Controls function that is focused on risk management on behalf of the first line of defense through the implementation of controls, execution of monitoring and testing, and ongoing oversight.

the role

The Sr. Manager role is responsible for leading the team responsible for monitoring and surveillance of market activity on electronic trading platforms and related multilateral trading facilities (MTFs). Specifically, the role is focused on oversight of trading activity on State Streets active FX trade matching platform as well as the FX order execution venue for potential market abuse and adherence to the FX Global Code.

The position reports into the Head of Business Controls for Global Markets and will work with the GlobalLink Business and Risk teams as well as Compliance, AML, Ethics, Legal and Audit.

A successful candidate will need to take initiative, exercise independent thinking, juggle multiple tasks, set priorities, and meet aggressive deadlines in a fast-paced environment. The Senior Manager must have strong interpersonal skills and be interested in working with a global team.

the responsibilities

  • Manage a team responsible for the daily execution of surveillance and monitoring activities including reviewing reports and generated alerts and following up with business, risk, and Compliance partners
  • Provide strategic direction for design and enhancements to the surveillance controls to ensure alignment with industry standards and account for new products, relevant product changes, and business acquisitions
  • Lead ongoing assessments to ensure the control framework complies with regulatory requirements and expectations and is commiserate with the size, scale, and complexity of the risks posed by the Global Markets businesses
  • Oversee investigations to include the completion of documented resolutions and escalation of issues as appropriate
  • Serve as a subject matter expert with regulatory bodies as well as internal functions such as Compliance, Legal, and Audit
  • Provide advice and guidance regarding surveillance controls and risk coverage, implementation of new technologies, and changes to existing or new products
  • Ensure that the control framework is designed and operating effectively to mitigate risks and all relevant procedures and processes are adequately documented
  • Lead a staff of professionals with responsibility for hiring, completing performance appraisals, and determining compensation
  • Establish management reporting and present at risk and governance committees
  • Additional responsibilities as required

Preferred Experience

  • 8-15 years surveillance experience preferred; consideration for risk, compliance, audit or control experience
  • Knowledge of industry regulatory requirements and industry best practices including the Market Abuse Regulation(MAR), global anti-money laundering regulations, and the FX Global Code
  • Strong understanding and experience with Global Markets businesses and, specifically, FX trading
  • Strong management and leadership skills; previous management experience in a global organization a plus
  • Excellent analytical skills and attention to detail
  • Additional requirements: Communication, influencing, and collaboration skills
Posted 3 Days AgoFull timeR-634640

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