Fixed Income and Commodities
Position Description
The Risk Control Group (RCG) works within the Firm's Sales Trading Division and is responsible for the overall program of supervision in Fixed Income, Commodities and Bank Resource Management. The team seeks to ensure compliance with applicable rules and regulations governing the firm, as well as adherence to internal standards, controls and policies. RCG members sit on the trading floor and are part of Non-Market Risk Management.
The RCG Group is looking for an associate to build the FIC futures surveillance program.
Responsibilities will include:
• Implementation, execution, ownership and oversight of the overall FIC futures trading surveillance program in RCG, including both client and principal activity
• Daily review of surveillance reports and escalations to supervisors and/or Legal and Compliance as needed
• Act as a contact point for requests related to futures surveillance from supervisors and other front office personnel, audit, compliance, etc.
• Develop business requirements documents and write procedures related to surveillance
• Be responsible for trading limit approval requests, including implementing processes of escalation
• Support trading limit reviews for various trading platforms, including ongoing maintenance and monitoring
• Engage with global RCG team to focus on and deliver increased automation and standardization across applicable surveillance processes
• Engage with Sales and trading contacts and other stakeholders to build awareness of the Non Market Risk and RCG's continued focus on proactive and effective surveillance and supervision
Skills Required
• Knowledge of futures rules and regulations
• Exceptional organizational skills and a high degree of attention to detail
• Experience with project management and working with technology teams
• Background in Compliance, Risk Management, Technology or Operations
• Excellent oral and written communication skills
• An understanding of and strong focus on the mechanics of a control environment, including escalation and risk-related issues
• Proven ability to take ideas forward and to challenge others with integrity and maturity
• Proficiency in MS Office and related applications (Word, Excel, PowerPoint, Project)
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