For one of our clients we are looking for a Consultant Trade Surveilance
The project is about implementing a new solution for trade surveillance under the regime of Market Abuse Regulation. The client's orders and trades are to be monitored by comparing them with market data looking for potential suspicious behaviour and market manipulation. Suspicious behaviour is assumed when certain threshold values are met. The threshold values are to be calibrated per traded product and market.
Basis for this are data directly imported from exchanges and other venues as Trayport. Quality of these data is crucial for calibration and later business processes.
The business analyst will collaborate with the core users of the new application and consult and support them in testing and calibrating the new application.
Consult in choosing the appropriate test approach
Perform tests regarding data quality applying above test approach, e.g. by
Perform data reconciliations, i.e. comparing data between different data sources
Perform data consistency checks using own defined quality measures
Consult in calibrating the application to identify suspicious trading behaviour
Support in the system calibration, e.g. by
Creating test cases and test data for the chosen calibration approach
Systematically applying these test cases and discussing validity of results with business users
Testing data quality
Creation of test data
Performing data reconciliations.
Furthermore, a good understanding of systematically creating test data and analysing the results (e.g. per tool) is needed. The consultant must be able to understand and handle complex applications having a large number of parameters to be adjusted.
Also required is a basic understanding of regulatory topics in Energy Trading, esp. MAR.
Knowledge about Market Abuse patterns and order data is a clear advantage.