Crédit Agricole CIB – Senior Trade Surveillance Compliance
Job Description
The Global Market Regulatory Compliance (GMRC) Monitoring and Surveillance teams of Crédit Agricole Corporate and Investment Bank (CA-CIB) are responsible for monitoring all trading activities on capital market products for all clients of CA-CIB entities. The monitoring of the transactions implies identifying trading activities that are potentially contrary to local and international regulations (i.e.: market integrity & market abuse detection under MAR, MIFID II, Global Code of Conduct, EU BMR, …) and bank policies which may otherwise create regulatory or reputational risks.
The monitoring of the transactions is applied to all the business lines including credit and rates, Foreign Exchange & Treasury, Debt Capital Markets, Securitization, Commodities, Global Investment Banking, identification and inclusion of conduct risks.
The roles of the CA-CIB Trade Surveillance team, are mainly :
o To carry out checks on market abuse, collusion and conduct themes using transaction (“Trade Surveillance”) and communication analysis tools (electronic and voice) (“Communications Surveillance”).
o To escalate and report suspicious transactions / orders accordingly;
o To participate to the delivery of ad-hoc trainings on Market Abuse regulation (including review of cases) with GMRC Advisory and Business Desk Heads;
o To design, implement, monitor and test a transversal range of surveillance models across GMD, including providing a gap analysis that feeds into the annual BC Monitoring and Surveillance Control plan.
Within the Global Market Regulatory Compliance, the Trade Surveillance team in Mumbai will work with the Paris and London Trade Surveillance teams to analyze alerts generated by automated detection models on Market Abuse and Market Manipulation.
Global Compliance (CPL) is responsible for ensuring that the activities and operations of the Bank and its employees comply with legislative and regulatory provisions and all internal and external rules applicable to CACIB’s banking and financial activities, or which may result in criminal sanctions, sanctions by regulators, disputes with customers and, more generally, reputational risk.
You will join the Global Markets Regulatory Compliance department, which is in charge of the business lines’ overall compliance with internal and external standards, such as the detection and prevention of market abuse, anti-competitive behaviour and the identification, prevention and management of conflicts of interest and related controls.
The main responsibility of the Trade Surveillance Compliance Officer is to analyze alerts generated by automated detection models on fraud, market abuse / manipulation / collusion / financial conduct related issues.
The key responsibilities :
1. Collect, review and analyze input data associated with alerts (includes, but not limited to : Daily Monitoring of Trades, Orders, RFQs and Market Data, Market Soundings and Investor Feedback, Electronic Communications, Conflicts of interest, LIBOR submission and related communications monitoring…)
2. Conduct and document detailed analysis (and participate in investigations if required) in conjunction with local management and other Hubs (Paris, London…).
3. Compile breach / incident and audit trail reports arising from monitoring activity, classify and report the outcome to the Monitoring & Surveillance team.
4. Identify and escalate potential instances of Market Abuse, Operational risk and other market integrity issues as discovered from the alert creation process
Ensure the efficient documentation and escalation of any potential breaches and tracking them as appropriate
• Graduate, PG, CA, equivalents
Minimum 5 – 8 years’ experience in the investment banking industry with Trade Surveillance experience.
• Experience in working in an international environment.