Trade Surveillance Officer

Magnit Global; Greater London; On-site; GBP 70,000 - 120,000; Full time

Job summary

Magnit Global seeks an experienced Senior Trade Surveillance Officer (L2 Investigations) to join its EMEA Compliance function in London. This hands-on role focuses on escalated alerts and identifying potential market abuse across multiple markets.

You will work with Front Office and Compliance to gather evidence and decide on escalation. The ideal candidate has strong L2 trade surveillance experience, a solid track record in market abuse investigations, and in-depth knowledge of MAR/MiFID II

Qualifications

• Extensive hands-on experience conducting Level 2 trade surveillance investigations.
• Proven track record in identifying market abuse and suspicious trading activity.
• Strong knowledge of UK/EU MAR, MiFID II and FCA expectations.

Responsibilities

• conduct detailed L2 investigations into escalated surveillance alerts.
• Investigate potential market abuse including insider dealing, manipulation, spoofing and other suspicious trading behaviours.
• Review trading activity using trade/order data, market data, and internal/external information sources.
• Determine whether cases should be closed or escalated to senior stakeholders.
• Support and document investigations that may lead to STORs.
• Collaborate with Front Office and Compliance to obtain evidence.
• Review alert trends to identify emerging risks and provide feedback to L1 teams.
• Support MI and reporting to senior Compliance stakeholders.

Skills

Trade surveillance

L2 investigations

Market abuse investigation

MAR/MiFID II knowledge

Markets knowledge (Equities, FI, FX)

Insider dealing / manipulation

STOR exposure

Surveillance platforms (Nasdaq SMARTS,

Tools

Nasdaq SMARTS

KX

Job description

Senior Trade Surveillance Officer - L2 Investigations

We are working with a Global Banking Organisation, seeking an experienced Senior Trade Surveillance Officer to join its EMEA Compliance and Surveillance function in London.

This is a hands-on Level 2 Trade Surveillance position focused on investigating escalated surveillance alerts and identifying potential market abuse across a broad range of financial markets.

Key responsibilities:

• Conducting detailed L2 investigations into trade surveillance alerts referred by the Level 1 surveillance team.
• Investigating potential market abuse, including insider dealing, market manipulation, spoofing/layering and other suspicious trading behaviours.
• Reviewing trading activity using trade/order data, market data, communications and other internal and external information sources.
• Determining whether cases should be closed or escalated to senior Surveillance and Compliance stakeholders.
• Supporting and documenting investigations that may result in Suspicious Transaction or Order Reports (STORs).
• Working closely with Front Office, Compliance and other Surveillance teams to obtain evidence and investigate suspicious activity.
• Reviewing alert and escalation trends to identify emerging market conduct risks.Providing challenge and feedback to L1 surveillance teams to improve the quality of alert disposition.
• Supporting management information and reporting to senior Compliance stakeholders.

Key Skills/Experience:

• Strong evidence/track record of Trade Surveillance experience within an investment banking environment.
• Strong hands-on experience conducting L2 trade surveillance investigations.
• Demonstrable experience investigating market abuse and suspicious trading activity.
• Strong knowledge of UK/EU Market Abuse Regulation (MAR), MiFID II and FCA market conduct expectations.
• Broad financial markets knowledge across Equities, Fixed Income, FX, Repos and Derivatives, including futures, options and swaps.
• Experience investigating cases involving potential insider dealing and/or market manipulation.
• Exposure to STOR investigations/submissions would be highly desirable.
• Experience with surveillance platforms such as Nasdaq SMARTS, KX or similar would be beneficial.

This would suit an established Trade Surveillance professional looking to join a complex, global banking environment and take ownership of high-quality L2 market abuse investigations.