Surveillance Manager UAE National

Job Description

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Risk and Compliance is a Second Line of Defence (LOD) function, responsible for reviewing and challenging the activities of the Group’s businesses (also referred to as ‘the First LOD’) to ensure that they effectively manage as ‘Risk Owners’ the risks inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of Risk Stewards who are independent of the commercial risk-taking activities undertaken by the First LOD. The Risk and Compliance function is a Risk Steward for a number of financial and non-financial risks in accordance with HSBC Group’s risk framework.

Role Overview

UAE and global regulators expect firms to have systems and controls for monitoring market abuse like Insider Dealing, Market Manipulation, and Dissemination.

This role involves working in the Markets Surveillance team to support Regulatory Compliance (RC) in MENAT. The surveillance team monitors market abuse using trade and communication surveillance systems to ensure HSBC complies with laws and ethical standards. The role involves actively monitoring market abuse across GBM and Wealth Management businesses and products. The incumbent must detect potential market abuse in trading across different product lines. The incumbent must always work to enhance surveillance systems and processes.

The incumbent must stay informed about industry changes, regulatory updates, and financial news. The incumbent must be passionate about and understand financial markets.

Duties & Responsibilities

• Performing daily trade and communication surveillance across Corporate and Institutional Banking and Wealth management
• Expertise is needed to detect regulatory compliance risks such like Market Manipulations and misconducts through investigative and surveillance work.
• To test the adequacy of controls in place within the business.
• To escalate regulatory and internal breaches so that appropriate action can be taken to rectify them.
• Performing ad-hoc trading reviews. The scope of the report should include trends, analysis, and any trading activity that deviates from the norm.
• Foster a close relationship with the regulatory compliance teams.
• Provide support and guidance for the expanding off-shoring function .
• Assist in the development of automated surveillance systems to improve efficiency and reduce false positives.
• Assisting team members with the implementation and roll-out of a new surveillance/market abuse monitoring tool.
• User Acceptance Testing (UAT) for new automated surveillance tests. Providing detailed analysis and test scripts.
• Knowledge of the Market Abuse risksis essential.
• An interest in financial markets, particularly financial market regulation, is essential.
• Knowledge of various asset classes is essential.
• Timely production of high-quality management information (MI).
• Ad-hoc regulatory compliance work includes tasks such as retrieving Bloomberg messages and monitoring dealer board telephone calls.
  
  

Requirements

Experience & Qualifications:

• Graduation degree is REQUIRED– to secure a UAE Visa and Work Permit.
• A good understanding of UAE and regional financial market regulations, especially trading and sales rules.
• Knowledge of UAE market abuse legislation and overseas regulations is an advantage.
• Ability to support decisions with sound reasoning.
• Ability to communicate business and regulatory implications clearly.
• Ambition to enhance compliance knowledge and skill set in a rapidly changing and dynamic markets environment.
  
  

For further details and application information please visit our careers site. (0000LRWO)

We support our staff to adopt flexible and alternative ways of working where possible, including working from home and different hours subject to approvals.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working, and opportunities to grow within an inclusive and diverse environment.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hong Kong and Shanghai Banking Corporation Limited.

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