Front Office - Trade Surveillance Review and Remediation - Global Bank
We were engaged by our client to review their trade surveillance process, monitor trading activities and implement process and technological remediation to ensure compliance with market conduct policies and regulation
- Reviewed technology system providers and upstream data sources to understand the data required to feed the surveillance suite (trade and communication surveillance)
- o Ensured key data elements were defined and robust data quality controls were adopted and implemented
- o Identified gaps, articulated the risk exposure, implemented the action plan and drove the resolution
- Ensured our client’s surveillance process had robust and accurate data feeding all surveillance applications, with effective reconciliation and reporting of any upstream data breaks to ensure timely reingestion and articulation of the interim risk
- Analysed order and trade activity and identified potential market abuse and poor conduct using the suite of surveillance tools available
- Provided in-depth analysis of alerts, including the use of market data, source system data and alerting data
- Identified potential and actual emerging risks and drove control and technological enhancements to ensure that surveillance activities operated efficiently and provided appropriate risk mitigation
- Supported the development and implementation of an annual surveillance programme book of work
- Drove activities and reported on key performance and risk indicators, to adequately prepare the business
- Engaged all appropriate stakeholders, ensuring there was transparency on the adequacy and effectiveness of the completeness and quality of the data feeding surveillance
Malcolm Clark
Director and co-owner
Malcolm has over 35 years of financial services recruitment and management consulting experience. After graduating from the University of Exeter in 1989, he initially worked in the accountancy and media sectors before moving into the recruitment industry in the early 1990s. As an investment banking operations and change management specialist, he has worked with some of the world’s leading financial services institutions across the globe.
Malcolm moved into management consulting in 2013.
Martin Perkins
Director and co-owner
Martin has over 35 years financial services logistics experience with 21 of those years spent in investment banking operations. The majority of his career was spent at UBS, where as a Director, he managed a number of departments including: Cash Management, Equity Derivatives Middle Office and Settlements, OTC Equity Control, BAU Process Change, Credit Derivatives Settlements and the cross-asset class ISDA OTC Documentation area.
Martin moved into financial services recruitment in 2006 and management consulting in 2013.
Julian Crow
Director
Julian has over 30 years of financial services recruitment and management consulting experience. After graduating from the Newcastle Business School in 1994, Julian initially worked in the FMCG sector before moving into the recruitment industry in 1996. As an investment banking, asset management, finance and change management specialist, he has worked with some of the world’s leading financial services institutions in the UK, US and Asia.
Julian moved into management consulting in 2013.