Market Supervision, Europe

Job Description

Responsible for leading a team delivering effective market surveillance and investigation capabilities. This role is responsible for both real-time monitoring for potential disorderly markets activity and post-trade market abuse surveillance. The role balances operational leadership with strategic development of the surveillance function, ensuring consistent delivery of best-in-class regulatory compliance with FCA and AFM standards while driving continuous improvement in detection methodologies and team capabilities.

KEY RESPONSIBILITIES

1.1 Team Leadership & People Management

• Manage, coach, and develop members of the Market Supervision team
• Conduct performance reviews, set objectives, and provide ongoing feedback aligned to organizational goals
• Lead recruitment, selection, and onboarding processes for team members
• Foster a culture of excellence, collaboration, and continuous learning
• Manage workload allocation, shift schedules, and resource planning to ensure operational coverage
• Address performance issues and support career development pathways
• Champion diversity, equity, and inclusion within the team

1.2 Operational Oversight & Quality Assurance

• Oversee daily surveillance operations, ensuring timely and accurate detection of potential market abuse
• Identify and respond to real-time disorderly markets incidents and work with the team to take appropriate actions
• Review and approve complex investigation recommendations for regulatory referral
• Ensure quality standards are maintained across all surveillance activities and documentation
• Monitor key performance indicators and surveillance metrics; drive corrective actions as needed
• Provide escalation support for high-priority or sensitive investigations
• Ensure adequate shift coverage and business continuity planning

1.3 Strategic Development & Framework Enhancement

• Contribute to the strategic direction of the Market Supervision function
• Lead initiatives to enhance surveillance frameworks, tools, and methodologies
• Drive implementation of new technologies and analytical capabilities
• Assess emerging market abuse typologies and develop monitoring responses
• Review and update policies, procedures, and operating standards in response to regulatory changes
• Identify opportunities for process optimization and efficiency gains

1.4 Regulatory Compliance & Risk Management

• Ensure all surveillance activities comply with FCA, AFM and all other applicable regulatory requirements
• Maintain expert-level knowledge of Market Abuse Regulation (MAR) and exchange obligations
• Oversee preparation of regulatory submissions, reports, and responses to regulatory enquiries
• Monitor regulatory developments and assess impact on team operations
• Manage regulatory audit readiness and support audit responses
• Identify and escalate regulatory risks to Head of Market Supervision

1.5 Stakeholder Engagement & Cross-Functional Collaboration

• Act as primary liaison with Compliance, Legal, Trading Operations, and Technology teams
• Represent Market Supervision in internal committees, working groups, and senior management forums
• Build and maintain relationships with FCA and other regulatory bodies as appropriate
• Engage with trading participants on surveillance matters requiring management-level discussion
• Prepare and deliver management reporting on surveillance trends, incidents, and key metrics
• Contribute to broader organizational initiatives impacting market integrity

1.6 Budget & Resource Management

• Support Head of Europe Market Supervision in budget planning and resource forecasting
• Manage team expenses and vendor relationships related to surveillance tools and services
• Optimize resource allocation to balance operational delivery with strategic projects

2. REQUIRED QUALIFICATIONS & EXPERIENCE

• Experience: - 8+ years’ experience within financial services, including significant time in market surveillance, regulatory compliance and/or trade monitoring/analytics roles – Ideally  3+ years’ people management experience with demonstrated success leading teams

• Market Abuse Expertise: - Deep expertise in market abuse detection, investigation methodologies, and regulatory frameworks - Proven track record developing and implementing surveillance frameworks or technology solutions - Experience managing regulatory relationships and audit processes

• Regulatory Knowledge: - Comprehensive understanding of MAR, FCA/AFM regulatory expectations, and exchange obligations - Deep familiarity with market microstructure, trading strategies, and abuse typologies - Knowledge of trade reporting requirements and data quality standards

• Technical Skills: - Advanced analytical and data interpretation capabilities - Understanding of surveillance technology platforms and data architecture – Familiarity with programming/scripting for data analysis (Python, SQL) highly desirable - Strong business acumen and change management capabilities

3. COMPETENCIES

Leadership Competencies:

- People Leadership: Inspires, coaches, and develops high-performing teams; creates inclusive environment

- Strategic Thinking: Translates business objectives into operational plans; anticipates future needs

- Change Management: Drives improvement initiatives; manages resistance and builds buy-in

- Decision Making: Makes sound judgments balancing risk, compliance, and business considerations

- Stakeholder Influence: Builds credibility and influence across organizational levels and external parties

Technical Competencies:

- Surveillance Expertise: Deep knowledge of detection methodologies and investigation techniques

- Regulatory Acumen: Expert understanding of regulatory requirements and supervisory expectations

- Analytical Excellence: Interprets complex data and identifies systemic issues or trends

Behavioral Attributes:

- Accountable for team performance and outcomes

- Resilient and composed under pressure

- Collaborative and builds effective cross-functional relationships - High integrity and professional judgment

- Results-oriented with focus on continuous improvement

- Excellent communication and presentation skills

4. WORKING CONDITIONS

• Hybrid working environment with flexibility based on team needs and operational requirements
• Shift-based team coverage (07:00-15:00 / 10:00-18:00) with rotation schedule and potential shift lead responsibilities 
• Availability required for escalations during extended trading hours and market events
• Occasional travel for regulatory meetings, industry conferences, or Cboe office collaboration