Surveillance Analyst

ICBC Standard Bank; London; Hybrid; GBP 125,000 - 150,000; Full time

Job summary

A leading financial institution in London is seeking an Analyst Level 1 for the Surveillance & Investigations team to handle automated and manual reviews of potential financial misconduct. Candidates should have experience in regulated environments, strong analytical skills, and understanding of financial crime regulations. The role offers hybrid working options and competitive benefits.

Benefits

Discretionary annual bonus

10% pension contribution

Private medical insurance

Employee Assistance Programme

6 months fully paid maternity leave

Health and fitness subsidy

Paid volunteering leave

Qualifications

• Experience in a regulated financial institution.
• Ability to analyze data for suspicious behavior.
• Familiarity with market abuse and financial crime.

Responsibilities

• Conduct automated and manual surveillance.
• Identify and escalate suspicious transactions.
• Support manual monitoring through data analysis.
• Assist with surveillance system enhancements.
• Collaborate with stakeholders on surveillance matters.

Skills

Experience working in a Surveillance unit

Experience with transaction and client data

Data analysis and presentation skills

Understanding of Commodity products monitoring

Understanding of Investment Banking transactions

Knowledge of Market Abuse laws

Understanding of Financial Crime regulations

Tools

Excel

VBA-enhanced tools

Job description

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The Surveillance function, sitting within Compliance, monitors Market Conduct, Financial Crime (including money laundering, terrorist financing, bribery and corruption, sanctions breaches, facilitation of tax evasion, fraud, modern slavery, insider dealing, and market manipulation) and Conflicts of Interest risks. Automated transactional and communication monitoring systems provide daily review capabilities across key market abuse and financial crime behaviors. A manual monitoring program complements automation, enabling larger-scale data reviews across asset classes and communication media.

What you'll be doing

This Analyst Level 1 role within the Surveillance & Investigations team is responsible for the initial review and triage of alerts. Level 1 Analysts play a crucial role in identifying and escalating suspicious activities that may require further investigation, including the submission of Suspicious Transaction or Order Reports (STORs) or Suspicious Activity Reports (SARs) related to financial crime.

An in-house developed surveillance system provides automated capabilities for review by the team, who escalate any unusual or suspicious behavior to Surveillance & Investigations.

Surveillance Operations:

• Conduct automated and manual surveillance in accordance with established procedures.
• Identify and escalate potential market misconduct or suspicious transactions.
• Perform communication surveillance to detect risks such as financial crime, market abuse, conflicts of interest, anti-competitive behavior, and data leaks.

Data Management & Analysis:

• Support manual monitoring through spreadsheet analysis, including VBA-enhanced tools.

System & Process Support:

• Assist with testing and evaluating surveillance system enhancements.
• Support ad-hoc projects, including regulatory inquiries and remediation efforts.

Internal Collaboration & Reporting:

• Liaise with stakeholders across the business on surveillance matters.
• Contribute to risk assessments, management reporting, and training.

What you'll need to be successful

• Experience in a Surveillance unit within a regulated financial institution, ideally an Investment Bank or Broker Dealer.
• Experience working with transaction, client, and static data.
• Proficiency in analyzing and presenting data using Excel or other reporting tools.
• Understanding of Commodity products and experience in Commodity market abuse monitoring.
• Knowledge of Investment Banking/Primary Markets transactions.
• Understanding of relevant Market Abuse laws, regulations, and guidelines, including Financial Crime rules on anti-money laundering (e.g., JMLSG guidance), counter-terrorism, anti-bribery, sanctions, and fraud.

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, committed to delivering the right outcomes for stakeholders, clients, and markets. With a unique Chinese and African parentage and a global network, headquartered in London with operations in Shanghai, Singapore, and New York.

We are a diverse, close-knit team that values individuality. We offer flexibility, rewards, and opportunities for professional growth.

Our vision, "Be Yourself, Succeed Together," fosters an open, transparent culture that embraces diversity. We support employee networks for women, neurodiversity, and others.

We are committed to equal opportunities; all applicants will be considered based on merit and skills.

What's in it for you?

• Competitive salary based on skills and experience, discretionary bonus, pension contributions (employee 5%, employer 10%), travel insurance, life assurance, and income replacement insurance.
• Hybrid work model allowing remote work up to two days per week.
• Family benefits including 6 months fully paid maternity leave, shared parental leave, coaching, and policies supporting miscarriage and menopause.
• Wellbeing programs such as private medical insurance, Bike2Work scheme, health subsidies, holiday exchange, and Employee Assistance Program.
• Community engagement through paid volunteering leave, CSR activities, and charity fundraising.
• Opportunities for skill development to excel in your role.

If you're interested in joining our team, we'd love to hear from you!

Note: ICBCS has partnered with Robert Walters Outsourcing to manage recruitment. Unsolicited CVs from non-PSL agencies will not be accepted, and no fees are paid for such submissions.