Vice President, Trade Surveillance

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

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Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The Core Compliance department at MUFG plays a critical role in safeguarding the integrity and reputation of the investment bank. It is responsible for ensuring that the firm operates within the framework of applicable laws, regulations, and internal policies.

Within Core Compliance, the EMEA Surveillance Department works closely with sales, trading and business units to identify and manage market abuse risks, executes a comprehensive trade and communication surveillance programme, and promotes a culture of ethical conduct and accountability.

Our Trade Surveillance coverage includes sales and trading activities across multiple asset classes and financial markets within our London Bank and Securities businesses and similar businesses in other EMEA countries. Communications Surveillance covers the UK population and certain EMEA and other overseas operations which affect EMEA business.

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The primary purpose of this role is detecting, monitoring, analysing and investigating trading activities of MUFG and its clients to identify possible violations of market abuse regulatory requirements and MUFG trading and compliance policies. In particular, this involves investigating alert referrals submitted by the Level 1 (L1) offshore surveillance team or escalations from the Front Office, ensuring that each case is assessed promptly and thoroughly.

You will be responsible for identifying potential indicators of market abuse and escalating cases where appropriate, including those that may lead to the submission of Suspicious Transaction or Order Reports (STORs) to the regulator.

In addition, this role will play an important role in the optimisation of the trade surveillance programme, including delivering testing and calibration exercises of surveillance alerts, identifying and coordinating with our surveillance system vendors to develop new alerts, implementing solutions to increase efficiencies, and supporting and developing the L1 offshore surveillance team.

• In respect of vendor based automated surveillance or EUC alerts, reviewing and investigating all referrals made by the offshore L1 team; documenting and analysing all relevant information to determine if any concerns of suspicious activity merit escalation to the Trade Surveillance Senior Manager and EMEA Head of Surveillance.

• Working collaboratively with the L1 team, overseeing the quality of alert disposition and providing feedback to support training efforts. In addition, assisting with refresher training modules and any new alert-scenarios that are added to the suite of alerts.

• Conducting specific sample-based quality assurance testing of the L1 team alert closures to ensure adequacy, completeness and effectiveness.

• Playing a leading role in the annual calibration and backtesting review process, contributing to the analysis of results and recommendations for parameter changes that could improve the effectiveness of the overall trade surveillance framework.

• Supporting the delivery of the annual Market Conduct Risk Assessment and being able to effectively engage with the Front Office succinctly over matters of market abuse risk behaviours, to determine appropriate inherent risk ratings.

• Displaying the ability to draft coherent and effective…