Compliance & Surveillance Analyst

What you’ll be involved in:Trade Surveillance

*Act as the primary point of expertise within Compliance for the firm's trade surveillance framework, including: *

• Oversee the effectiveness of the firm's trade surveillance arrangements, working closely with Middle Office to ensure alerts are generated, reviewed and closed appropriately and that issues are identified and addressed promptly.
• Act as the primary Compliance contact for surveillance-related issues, including unexpected alert volumes, missing or incomplete alerts, data or system issues.
• Perform monthly, risk-based QA of surveillance alerts, identifying weaknesses, control gaps and opportunities for improvement.
• Investigate escalated surveillance matters through to a conclusion and make a reasoned STOR or no-STOR recommendation to the Head of Compliance.
• Lead the annual Market Abuse Risk Assessment (MARA) review from a surveillance perspective, keeping the firm's arrangements aligned with its trading activities, products, markets and relevant market-abuse risks.
• Lead the annual review of surveillance alert parameters, assessing scenarios and thresholds and recommending changes where appropriate.
• Ensure new markets, instruments and trading venues are appropriately considered and incorporated into the surveillance framework as the firm's trading activity develops.
• Maintain and improve trade surveillance policies, procedures and supporting documentation.
• Lead the implementation, migration or material enhancement of trade surveillance systems where required, including requirements gathering, configuration, testing, data validation, parallel running and go-live.

General Compliance Responsibilities

Take ownership of a range of recurring and ad hoc compliance responsibilities across the Mako Group, including:

• Manage the Compliance inbox: respond to internal and external routine queries and requests, identify underlying issues, and escalate matters requiring more senior judgment.
• Provide practical compliance support to the business, including day-to-day questions from traders and other employees through established channels.
• Own the day-to-day operation of personal account dealing and related controls, applying judgment to requests and identifying and escalating unusual or higher-risk activity.
• Manage KYC-related compliance requests and ensure they are completed accurately and in line with the firm's requirements.
• Execute the Compliance Monitoring Programme (CMP): complete monthly and periodic tests accurately and on time and identify opportunities to improve test scope or methodology.
• Coordinate and deliver compliance inductions for new joiners, keeping content current and delivering sessions where appropriate.
• Support the annual compliance training programme, including updating content, coordinating completion and following up outstanding training.
• Manage the operational aspects of the annual SM&CR attestation process.
• Oversee the completion of routine daily and periodic compliance reporting and submissions, ensuring required processes are completed accurately and on time.
• Handle routine regulatory enquiries, questionnaires and errors & omissions notifications across the firm's regulators and jurisdictions internationally, escalating substantive or significant matters appropriately.
• Maintain accurate records and evidence of compliance activities so that processes are sufficiently documented to support oversight and auditability.

Process Improvement, Automation and Technology

A key expectation of the role is to improve the way compliance operates as the firm's business develops:

• Review existing compliance processes critically and identify opportunities to improve their effectiveness, efficiency and control; challenge manual or repetitive processes where there may be a better way of working.
• Contribute to the firm's programme of compliance automation and modernisation, helping identify suitable use cases and translate compliance requirements into practical solutions.
• Take ownership of process-improvement initiatives and drive them through to implementation, ensuring changes are documented, tested and embedded into sustainable processes.

Advisory and Projects

• Provide practical compliance input to the Compliance Manager and the business within areas of responsibility.
• Support the Compliance Manager on defined compliance projects and regulatory initiatives, and independently lead smaller projects or workstreams, coordinating internal stakeholders and external providers as required.
• Maintain an up-to-date understanding of the firm's activities and relevant compliance requirements and provide informed day-to-day guidance as the business, products, markets and regulatory obligations evolve.

What we need from you:Qualifications — essential

• Educated to degree level, preferably in law, finance, economics or a related discipline.
• Other relevant compliance qualifications, such as an ICA certificate or diploma (or equivalent).

Experience and Knowledge — essential

• At least 4–5 years' relevant compliance experience within a trading firm, market maker, investment firm or another regulated financial services environment.
• Practical trade surveillance experience, including reviewing or overseeing surveillance arrangements, and a good understanding of market-abuse risks and surveillance methodologies.
• Hands-on experience of surveillance processes — alert review, quality assurance, alert scenarios or parameters, surveillance procedures and escalation handling.
• A good working knowledge of the UK market abuse regime, including UK MAR and the FCA's expectations on market conduct and surveillance.
• The ability to operate independently within a compliance function and exercise sound judgment on compliance issues, across multiple jurisdictions.
• A track record of managing recurring compliance processes and completing work accurately, consistently and on time.
• Strong written and verbal communication skills, with the ability to give practical compliance advice clearly to traders and other stakeholders.
• Strong organisational skills and the ability to manage competing priorities in a small Compliance team.

Experience and Knowledge — desirable