Why join us?

Global regulators have an increasing expectation that firms have adequate systems and controls to conduct surveillance against, among others, market abuse offences such as Insider Dealing, Market Manipulation and Dissemination.

This role requires the incumbent to work within the surveillance team. The surveillance team conducts market abuse and conduct surveillance from automated and manual trade and communications surveillance systems and enabling FC, RC and the GBM, WSB, and WPB business lines to obtain reasonable assurances that globally HSBC is operating in line with relevant laws, regulations, ethical codes and HSBC Group Standards.

The Opportunity: 

This is a role forming part of the expanding Surveillance. It is a pivotal role requiring the incumbent to undertake pro-active and dynamic market abuse surveillance work relating to stakeholder businesses and products lines, and adherence to internal and regulatory framework by bank staff. The incumbent will be required to detect for potential market abuse and conduct breaches arising out of trading activity and communications, conducted across various product lines and businesses. It is essential for the incumbent to continuously seek to improve surveillance systems and processes. 

What you’ll do:

• Understand and ensure compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the Global Markets business is involved.
• To coordinate data gathering across MENA and for regulatory and exchange enquires in a timely manner. 
• To work with the stakeholder businesses on high profile projects to ensure that the regulatory demands of those projects are met.
• Understanding of how various asset classes are traded and used, as well as any mainstream use of communication relating to the same.
• Increasing visibility and face time with key stake holders. 
• To provide investigative action and conclusion on stakeholder business lines related items and demands, and support line management to ensure all requests are conducted in accordance with internal expectation and requirements adhering to applicable laws, rules, regulations and codes of practices.
• Performance of daily trade and communications surveillance across business lines in the MSS, GB and CMB business.  
• To test the adequacy of controls in place within surveillance space.
• To escalate regulatory and internal breaches in order that appropriate action can be undertaken to rectify.
• Performing ad-hoc trading reviews.
• Scope of report to include trends and analysis / out of the norm trading activity.
• Assist in the development of automated surveillance systems, to improve the efficiency and reduction of false positives.
• Assisting team members with the implementation and roll-out of a new surveillance / market abuse monitoring tool.
• User Acceptance Testing (UAT) of new automated surveillance tests. Providing detailed analysis and test scripts. 
• Ad-hoc Regulatory Compliance work i.e. Bloomberg message retrievals, listening to dealer board telephone calls.
• Assisting Global and Regional Surveillance with any model development, governance/framework planning, and global enhancement projects.