- SALARY:NONE
- LOCATION:NONE
About this role
Wells Fargo is seeking a Control Management Associate
In this role, you will
- Be part of the Front-Line Market conduct and supervision team and responsible for review, research and disposition of market abuse and rule-based trade surveillance/transaction monitoring alerts across the following asset classes credit, commodities, fixed income, FX, equities, and other derivatives.
- Develop, oversee, and provide independent credible challenge to standards.
- Support the development and performance of surveillance controls to identify misconduct and market abuse, including user-acceptance testing of next generation systems and first line-of-defense monitoring routines in relation to consequential risks.
- Perform basic or tactical ongoing regulatory and operational reviews as well as other duties related to best practices and opportunities for additional synergies to maximize efficiencies.
- Collaborate and consult with Onshore teams and India Management for any escalations and process improvement ideas.
- Identify any non-compliant or suspicious activity and escalate questionable trading activity to the onshore team (L2 team)
- Assisting with analysis and implementation of new and enhanced surveillance reviews and processes
Required Qualifications
- Bachelor's/master's degree or any professional degree (CA/CS/CFA etc.) is required.
- 3+ years of Supervisory Control/Trade Surveillance/Transaction monitoring/ Information Barrier/Control room experience, or equivalent including direct experience reviewing alerts in Trade/Information Barrier/Control room in a Surveillance role.
Desired Requirements
- Extensive experience in the review of trade surveillance/transaction monitoring alerts across market conduct / market abuse behaviors as well as rules-based surveillance using surveillance applications (Actimize, OneTick,Protegent Market Abuse, Protegent Trading Compliance and Trading Hub).
- Strong understanding of Market Abuse scenarios - FCA MAR, Dodd Frank Act Title VII and CFTC/SEC regulations, etc.
- Prior experience executing a process documentation and maintaining relevant procedures. Experience in credit, commodities, fixed income, FX, equities, and other derivatives at global financial institutions
- Proficient knowledge of data sets for capital markets trading, including but not limited to quotes, orders and executions.
- In depth knowledge of US/UK Market Abuse or Manipulation Regulations and similar FCA MAR Behaviors, SEC, FINRA market abuse rules and regulations. Familiar with gathering data and corresponding materials in support of internal audits and/or regulatory requests.
- Interfacing with relevant stakeholders to review and escalate potential manipulative trading behaviors.
- Experience with drafting, updating, and maintaining procedure manuals documenting team processes.
- Actively participate in team meetings. Bringing solutions / suggestions / recommendations to the table
- Demonstrated ability to handle multiple tasks in a fast-paced environment.
- Strong written communication and verbal communication skills in English
- Excellent analytical skills and strong attention to detail
- Must exhibit highest standards of integrity and maintain confidentiality.
- Experience in creating MIS for senior management.
Posting End Date
*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in USAll qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Candidates applying to job openings posted in Canada Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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