Compliance Officer, Surveillance (VN2997) at Marex

Job description

About Marex Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The group provides comprehensive breadth and depth of coverage across four core services: clearing, agency and execution, market making, and hedging and investment solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to 60 exchanges. The group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. With more than 40 offices worldwide, the group has over 2,300 employees across Europe, Asia and the Americas. For more information visit marex.com 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. Responsibilities • Provide Trade, E-communications, and Voice 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 scenarios • Documented UAT Review of new scenarios • Provide Surveillance expertise to FCM and BD 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. Skills and Experience • Excellent understanding of US financial markets • Data analysis and interpretation skills • Proficiency in Microsoft Office products (Word, Excel, Outlook, etc.) • Organizational and time-management skills • Excellent English 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. • Demonstrable curiosity • Resilience in a challenging, fast-paced environment • Ability to communicate across geography, business function, corporate level, and experience set • Unimpeachable character with integrity that guides all decisions • Excellence in building relationships, networking and influencing others • Self-starter with an ability to prioritize and manage multiple deliverables from beginning to completion • A collaborative team player, approachable, self-efficient and influences a positive work environment • Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness Salary Range: $75,000 to $115,000 USD per year and eligible for discretionary bonus. Compensation will be determined based on the selected location, market conditions, and applicable local laws. Company Values Acting as a role model for the values of the Company: Be collaborative - by working together across the organisation, we foster teamwork, can better respond to challenges and successfully deliver for our clients Act with integrity - we pride ourselves on our honesty and high ethical standards. We apply these values when working with all our clients, colleagues and other stakeholders Be adaptable and entrepreneurial - we embrace change as markets evolve to constantly increase our efficiency and create innovative solutions for our clients. We are interested in the world around us and inquisitive about understanding the challenges and opportunities our clients face. Be respectful – how we treat each other, and our clients says everything about who we are. We always act respectfully and treat people fairly in everything we do. Nurture talent – we aim to grow our own talent and make Marex the place ambitious, hardworking and talented people choose to build their career. This means giving and taking stretch opportunities, taking risks, and committing to career development and support – for ourselves and our teams. Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.

Requirements

Must-haves

Provide Trade, E-communications, and Voice 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 scenarios
Documented UAT Review of new scenarios
Provide Surveillance expertise to FCM and BD 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

Nice-to-haves

None flagged.

Application prep

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