Compliance Associate
BNY Mellon
Total years of experience :7 years, 7 Months
Review of trade surveillance alerts on surveillance platforms for multiple market abuse scenarios like spoofing, wash trading, cross, insider dealing/trading, unfilled open auction, marking the close, off market etc.
Worked on the investigation of financial products like equities, bond, and ETF across different regions as Lod1 and QA across all alert scenarios.
Investigation of alerts with the use of market data source like Bloomberg terminal, use QRM screen for checking if client price is within bid/ask spread, use of AQR screen for checking if overall market participation around client trade, use of chart for checking overall impact in market around client trade etc.
Review of trading pattern of client, how client traded in the security in past for which alert is generated, timing of the trade before news announcement.
Checking the client relation with the firm, joining date of client, if it is institutional client or wealth management client
any history of prior breach or abuse.
Reporting/escalation of alert to further levels with proper evidence, trading patterns, with aggravating factors, mitigating
factors, with overall client history.
Conducting/providing training to vendors team on alert review and case documentation for escalation purpose.
Quality assurance/check on vendors alerts closure and alert escalation case documentation.
Helping other teammates in resolving their queries, responding to onshore queries, worked on ad-hoc investigation request for cases and alerts.
Identifying the opportunities/scope for improvement in the trade surveillance, reduction in overall false positives.
Data gathering across different regions, line of business and assets classes and contribution in MIS/metrics.
Review of actimize and manual control Alerts as Lod1 for different asset classes like cash equities, fixed income products, futures, ADR and options covering market abuse scenario
Investigation of alerts with the use of multiple functions of Bloomberg like GIP, CN, EVT, HRH etc
Finding out all the news regarding new issuance/deals for bonds in Bloomberg through NI CNI screen by using keywords like mandate, new deal, IPT etc, and extracting all the data manually.
Analyzing impact of news/announcement on the price of security, whether it will impact positively or in any negative
way, calculating profit made or loss avoided by the client
Analyzing price/volume of client in the traded security in comparison to total traded volume in market also checking price
should be within range bid/ask spread.
Investigation of client past trading pattern in the security traded prior to any news announcement by looking into order book and checking order history
Closing the alert by providing the closure commentary at L1 level or escalating the alert to L2 level with details of case, trade history of client and with all the required evidence, also responding to quires in regard to escalated case
Preparation of documentation to support review conducted to substantiate adequate control over the process, reporting
the EOD status of the controls performed and preparation/reporting of MI to concern stake holders.
Production & Review of DTD, MTD and YTD PL, providing commentary for P&L attribution - MTM change, Realized PL, FX change, interest posting and residual PL. for different classes like equity, bond, futures, options, swaps, and FX.
Review of PL drivers like price, quantity, accruals, price source change etc and their impact on PL
Checking corporate actions like M&A, spin off etc, and impact of same on price and PL
Liaising with operations teams like OTC booking, clearing & settlement for correction of cost, booking, quantity and other factors which are deriving incorrect PL.
Production of 95% VAR for the client’s portfolio, investigation of instruments which are failed to model in VAR risk model and providing commentary for the same.
Have worked upon automation projects to provide commentary for stale price, zero price & individual PL
Building MS excel templates for smoothening of process and for time saving.
Thinking of process improvement ideas and discussing same with TC & TL for implementation of same
Providing support to leading investment bank’s RFDAR’s Data Management Control (DMC) and Data Assurance Reconciliation (DAR) team in Market Risk domain.
Preparation of reconciliation reports of data between market risk downstream system and global book manager
Preparing daily input files and updating data base for preparing reports on daily basis of books pending open and close in Market Risk Downstream system
Setting up of book in Global Risk Manager RMS downstream system for providing risk feeds to Market Risk downstream, for correct Risk reporting as per P/L generated by Global book manager
Checking of feeds, trades, and positions in Risk data store (RDS) portal before deletion of book in Market Risk downstream system
Lasing with PC/book closure team for confirmations of balances of general ledger, FX balances before deletion of book in Market risk downstream
Studied about finance, accounting, use of accounting standards, banking system etc.