Shift Pattern:
Standard 40 Hour Week (United Kingdom)Scheduled Weekly Hours:
40Corporate Grade:
F - OfficerReporting Line:
(UK Division) LME OperationsLocation:
UK-LondonWorker Type:
PermanentOverall Purpose of the role
The role of the Market Surveillance team is to monitor activity on all London Metal Exchange (LME) trading venues to ensure that the markets remain fair, transparent, and orderly.The team is comprised of 3 sub-teams which are Trade Surveillance, Member Oversight, and Position Surveillance.
The team monitors order and trade activity to identify behaviour which may be indicative of market abuse or other behaviour which may damage the integrity of LME markets.The wider team is also responsible for member oversight to ensure continued Member compliance with the LME rules.This is achieved through the annual Member Audit Programme and formal investigations which may lead to disciplinary action.Other wider team responsibilities include but are not limited to position monitoring and ensuring that Members are aware of their lending obligations under the LME Lending Rules.
This role is within the Trade Surveillance team. The primary focus of this role will be to carry out daily surveillance tasks, including the monitoring of order and trade activity and working with the Position Surveillance sub-team to identify behaviour which may be indicative of market abuse or other market integrity issues. Monitoring is conducted through a mix of electronic alerts (using the Nasdaq SMARTS surveillance system) and report based data.The candidate will also be involved in the receipt and analysis of referrals of unusual behaviour from various sources, undertaking enquiries with Members to determine if issues should be escalated for possible investigation, drafting reports of suspicious activity and dealing with requests for information and data from the FCA.The candidate will also be involved in assisting with the ongoing development of the Nasdaq SMARTS surveillance system.This role will involve significant interaction and exposure to external stakeholders of the LME.
Responsibilities
Qualifications Required
Preferred Knowledge and Experience
Skills Required