|Job Ref:||c7752afd1||Employer:||Direct Solutions||Country:||United Kingdom||City:||London||Address:||Post Code:||WC1A||Post Date:||19/10/2016 10:35|
Description trueEX,is an electronic CFTC regulated New York exchange for interest rate swaps and is seeking a Market Surveillance Analyst to conduct real-time and post-trade market surveillance for disruptive trading practices and rule violations on both the DCM and SEF. Market Surveillance Analyst will be required to work London business hours (starting at 2:30 am NY time/7:30 am London time) Responsibilities:Market Surveillance Analyst will be the first responder to review inquiries from traders regarding trading errors or system malfunctions and rejected trades to determine the appropriate course of action. In coordination with other trueEX Compliance/Regulatory and Control Desk staff, the Market Surveillance Analyst must be able to do the following: Conduct real-time and post-trade market and trade practice surveillance to address alerts and identify and investigate any rule violations by market participants. Analyze and address alerts using the SMARTs system Perform ongoing audit trail reviews Conduct financial surveillance of participants and clearing firms Develop and enforce policies, procedures and processes of the surveillance program Assist other Compliance / Regulatory team members (updating rule book, drafting policies and procedures) and other projects as assigned Requirements: The ideal candidate will have: 0-3 years of relevant experience College degree Excellent written communication skills Good understanding of derivatives trading (preferably swaps and futures), including knowledge of hedging and other trading strategies Able to work independently and with other staff across functional lines, market participants, and representatives of other exchanges, SROs and regulatory agencies Identify external market activity, news and additional factors that influence the price of relevant contracts Current knowledge and awareness of the CFTC core principles and regulations (including Dodd-Frank initiatives) regarding surveillance and trade practice functions of DCMs and SEFs preferred. Experience in a surveillance position within a financial services firm, an exchange or regulatory agency preferred. Knowledgeable of exchange/self-regulatory organization compliance preferred. Salary commensurate with experience.
trueEX is an electronic, CFTC-regulated, exchange for interest rate swaps. Our mission is to deliver the most innovative solutions to our clients, while providing connections to multiple clearing houses and an open access business model.
The recent regulatory overhaul of the financial markets is driving changes in both market structure and the manner in which derivative products will be traded going forward. Within this context, trueEX provides a unique, electronic, and regulated execution venue to facilitate the transition that is currently underway in the derivatives markets.
Without disrupting the fundamental structure of the interest rate swap markets, trueEX offers market participants the dual benefits of automated execution and clearing in an electronic, CFTC-regulated, DCM (Designated Contract Market) exchange.
The combination of domain expertise, next-generation technology, and innovative trading solutions enables trueEX to provide pre-trade certainty of execution and clearing, trade anonymity, pre-trade and post-trade transparency, as well as low cost execution for the interest rate swaps market.
Open architecture enables customers to connect directly to trueEX via our proprietary user interface or API connection. trueEX, a pure execution venue, is clearing house agnostic and provides customers with a choice of clearing firms and clearing houses for their derivatives business.