Trade Surveillance Business Analyst

Trade Surveillance Business Analyst - London - Up to £110k

A specialist financial services consultancy is looking for an experienced Trade Surveillance Business Analyst to join its growing team.

This is a fully on-site role in London, offering the opportunity to work across trade surveillance, market abuse monitoring and regulatory technology, supporting major investment banks, broker-dealers and financial institutions.

The role would suit someone who combines strong hands‑on trade surveillance experience with the ability to work across business analysis, compliance, data and technology initiatives.

The Role

You’ll play a key role across both surveillance operations and platform enhancement, working closely with Compliance, Trading, Operations, Technology, Risk and other senior stakeholders.

Your responsibilities will include:

• Reviewing, investigating and dispositioning trade surveillance alerts across scenarios including insider dealing, market manipulation, spoofing, layering, wash trading, marking the close and front running.
• Performing detailed trade and order‑level analysis across multiple asset classes, identifying root causes and determining appropriate escalation.
• Supporting STOR preparation and market abuse investigations.
• Supporting scenario and threshold tuning, calibration and false‑positive reduction across trade and communications surveillance models.
• Gathering business requirements, conducting gap analysis and producing BRDs, FRDs, user stories and operating models.
• Supporting the full SDLC across requirements, solution design, SIT/UAT, defect management and production readiness.
• Assessing data lineage, quality and completeness across trade, order and communications data.
• Producing governance packs, MI, RAID logs, steering committee updates and executive reporting.
• Working with clients to support surveillance solution design, RFPs and proposals.
• Supporting and mentoring more junior team members.

What We're Looking For

We're looking for someone with strong practical experience in trade surveillance, rather than purely theoretical regulatory knowledge.

You’ll ideally have:

• Hands‑on experience reviewing and investigating trade surveillance alerts and managing cases through to disposition.
• Experience with surveillance platforms such as NASDAQ SMARTS, NICE Actimize, Scila or similar.
• Strong knowledge of UK Market Abuse Regulation (MAR), FCA rules and STOR reporting requirements.
• Understanding of SMCR, MiFID II, EMIR / UK EMIR and RTS 22/24/25.
• A strong understanding of the end‑to‑end trade lifecycle across multiple asset classes, particularly Equities, Fixed Income and OTC Derivatives.
• Experience across regulatory compliance, risk controls, data governance and regulatory reporting.
• Strong business analysis experience, including requirements gathering, gap analysis, documentation and testing.

Experience with some or all of the following would be valuable:

SQL | Python | Q | Excel | Power BI | Jira | Confluence | Git | Bitbucket

You’ll also ideally have experience working within Agile and/or Waterfall environments, alongside strong data analysis, testing and QA capabilities.

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