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

About the role

The Trade Surveillance Principal Associate (Broker-Dealer & Swap Dealer) plays a key role in executing and enhancing Capital One’s Commercial Banking market conduct surveillance program across both its institutional Broker-Dealer (BD) and Swap Dealer (SD) businesses.

Responsibilities

• Execute daily surveillance reviews and complex alert analyses for both Broker-Dealer and Swap Dealer trading activities, focusing heavily on identifying potential market abuse.
• Analyze cross-market execution data to detect, evaluate, and disposition core manipulative patterns, including: Spoofing & Layering, Wash Trading, Quote Stuffing, Front-Running: Pinging, Escalation Management.
• Formally escalate high-risk trading anomalies and potential regulatory breaches to Compliance management in accordance with the firm’s escalation matrix.
• Aid in the ongoing maintenance and optimization of surveillance procedures, alert logic, and parameter settings within vendor platforms.
• Participate in lookback reviews, scenario testing, and calibration exercises to reduce false positives while maintaining robust risk coverage.
• Perform periodic data completeness and accuracy checks for both BD and SD surveillance feeds.
• Conduct reconciliations between trading systems of record and the trade surveillance platform, identifying and tracking data gaps or ingestion exceptions to resolution.
• Support User Acceptance Testing (UAT) for new surveillance models, system upgrades, and product launches.
• Maintain comprehensive, audit-ready documentation of all alert reviews, ensuring defensive closing rationales and rigorous evidentiary trails.
• Assist in the aggregation of weekly and monthly surveillance metrics and reporting for senior management.
• Gather documentation and perform initial analysis to support responses for internal audits and regulatory inquiries/examinations (SEC, FINRA, CFTC, NFA).
• Collaborate effectively with Compliance Advisory, Product, Technology, Risk, and Line of Business to resolve compliance issues.

Qualifications

• Bachelor's Degree in Finance, Economics, Business, Mathematics, Statistics, Science, Engineering, Quantitative field, or military experience.
• At least 3 years of trade surveillance, or market regulation, or at least 3 years of compliance experience within 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 utilizing rule-based surveillance platforms (NICE Actimize, Eventus Validus, FIS Protegent).
• Familiarity with OTC swaps (IRS, FX, Commodities) and traditional securities (Equities, Fixed Income).
• Relevant industry certifications or progress toward them (FINRA Series 7, NFA Swap Dealer Associated Person proficiency testing).
• Excellent analytical problem-solving skills, strong written communication for drafting investigative summaries, leveraging AI and emerging technologies to optimize surveillance workflows, and the ability to manage multiple priorities in a fast-paced environment.