The Trade Surveillance Manager will lead and enhance the firm’s trade surveillance framework within a UK-regulated brokerage environment. This role is particularly critical as the firm expands into new products and trading strategies, ensuring surveillance controls evolve in line with emerging risks.
The successful candidate will oversee a team of four analysts and ensure compliance with regulatory expectations set by the Financial Conduct Authority (FCA) under the UK Market Abuse Regulation (UK MAR), MiFID II, and related regulatory frameworks. The role requires strong product knowledge, risk assessment capability, and experience implementing surveillance controls for new asset classes and trading activities.
Please note that this is an onsite role that will require you to work within our London office (near Liverpool street) 5 days on site per week.
ROLE AND RESPONSIBILITIES
- Develop policies and procedures to prevent market abuse and insider trading.
- Monitor trading activities for suspicious behaviour and potential violations of regulations.
- Conduct investigations into potential instances of market abuse or insider trading.
- Collaborate with other departments, including legal and compliance, to ensure adherence to regulatory requirements.
- Heading up a team of 4 market surveillance specialists
- Stay abreast of changes in regulations and industry best practices related to market abuse and insider trading.
- Monitoring and closing of market surveillance alerts and electronic communications to identify suspicious behaviour that could be indicative of market abuse, insider trading, financial crime or inappropriate market conduct.
- Calibration and tailoring of monitoring systems to ensure that alerts are generated optimally and reduce false positives across trade surveillance and electronic communications systems.
- Producing and checking reliable MI on surveillance activity for the Board and governance committees on the market abuse governance and the control framework.
- Provide training and guidance to employees on compliance-related matters.
- Maintain personal/professional development to meet the changing demands of the role, including all relevant regulatory and legislative training.
- When dealing with all customers, clients or colleagues ensure that we provide a clear, fair and consistent high quality service that presents a professional and positive image of CMC Markets
- Take all reasonable steps to ensure appropriate confidentiality.
- Undertake such other duties, training and/or hours of work as may be reasonably required and which are consistent with the general level of responsibility of this role.
KEY SKILLS AND EXPERIENCE
- Relevant experience in financial services firm (brokerage is preferable).
- In-depth knowledge of regulations related to trade surveillance and insider trading (e.g., MAR, STORs).
- Strong analytical skills and attention to detail.
- Excellent communication and interpersonal skills.
- Ability to work independently and effectively prioritize tasks in a fast-paced environment.
- Experience working with regulators and conducting internal investigations is preferred.
CMC Markets is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age
