Trade Surveillance Principal Associate (Broker-Dealer & Swap Dealer)

Discover Financial
New York, Virginia
Full timeUSD 131,800 - 150,500 annuallyFunction: Administration & Executive AssistanceExperience: 3+ yearsEducation: bachelorsSkills: ["Analytical problem-solving","Investigative capability","Written communication","Judgment","Managing multiple priorities"]

Execute and enhance a commercial banking market conduct surveillance program across broker-dealer and swap-dealer businesses. Perform daily alert reviews and deep-dive investigations to identify potential market abuse patterns such as spoofing, wash trading, quote stuffing, and front-running. Maintain surveillance procedures and data integrity, reconcile systems with surveillance platforms, and support regulatory inquiries and internal audits with audit-ready documentation and reporting.

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Discover Financial
Discover Financial
1 month ago

Trade Surveillance Principal Associate (Broker-Dealer & Swap Dealer)

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Last checked: 3 hours agoStatus: Live

Job Summary

Execute and enhance a commercial banking market conduct surveillance program across broker-dealer and swap-dealer businesses. Perform daily alert reviews and deep-dive investigations to identify potential market abuse patterns such as spoofing, wash trading, quote stuffing, and front-running. Maintain surveillance procedures and data integrity, reconcile systems with surveillance platforms, and support regulatory inquiries and internal audits with audit-ready documentation and reporting.
Location: New York, Virginia
Employment Type: Full time
Job Function: Administration & Executive Assistance
Seniority: Mid level

Key Responsibilities

  • •Execute daily surveillance reviews and complex alert analyses for broker-dealer and swap-dealer trading activities to identify potential market abuse.
  • •Analyze cross-market execution data to detect, evaluate, and disposition manipulative patterns including spoofing & layering, wash trading, quote stuffing, and front-running.
  • •Escalate high-risk trading anomalies and potential regulatory breaches to Compliance management per the firm’s escalation matrix.
  • •Maintain and optimize surveillance procedures, alert logic, and parameter settings; participate in lookback reviews and scenario testing to reduce false positives.
  • •Support regulatory inquiry and audit responses by gathering documentation, performing initial analysis, and producing audit-ready documentation and reporting.

Pay and Benefits

Salary: USD 131,800 - 150,500 annually

Key Requirements

  • •Bachelor's degree in Finance, Economics, Business, Mathematics, Statistics, Science, Engineering, or a quantitative field, or military experience.
  • •At least 3 years of trade surveillance or market regulation, or at least 3 years of compliance experience in a broker-dealer or swap-dealer environment.
  • •Strong understanding of SEC, FINRA, CFTC, and NFA rules governing market conduct, manipulation, and trade reporting.
  • •Hands-on experience using rule-based surveillance platforms such as NICE Actimize, Eventus Validus, or FIS Protegent.
  • •Familiarity with OTC swaps (IRS, FX, commodities) and traditional securities (equities, fixed income).
Experience:3+ yearsTrade surveillanceMarket regulationBroker-dealerSwap-dealerOTC swaps
Education:Bachelor's
Skills:Analytical problem-solvingInvestigative capabilityWritten communicationJudgmentManaging multiple priorities
Certifications:FINRA Series 7NFA Swap Dealer Associated Person proficiency testing
Tech Stack:NICE ActimizeEventus ValidusFIS Protegent

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Discover Financial
Provides consumer banking products, credit cards, personal loans, and payment services through the Discover brand. It operates a major U.S. financial network and serves individuals and merchants with lending and digital payment solutions.
Industry: Retail Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 10M to 25M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Riverwoods, United States
Founded: 1985
WebsiteLinkedIn