Date live: 10/09/2026

Business Area: Compliance

Area of Expertise: Compliance

Contract: Permanent

Reference Code: JR-(phone hidden)

Join us as Market Surveillance Analyst in the Surveillance team and play a key role in protecting market integrity by identifying, reviewing, and escalating potential instances of market abuse, misconduct, breaches of regulatory requirements, and inappropriate employee communications. The role involves conducting trade and communications surveillance reviews across multiple asset classes, performing investigations, analysing trading activity and communications, and supporting the continuous enhancement of surveillance controls and frameworks.

Key Responsibilities

- Conduct daily reviews and investigations of automated trade and communications surveillance alerts across global markets and businesses.
- Analyse trading activity and employee communications to identify potential indicators of market abuse, including manipulation, insider dealing, front running, inappropriate information sharing, and other forms of misconduct.
- Identify and escalate potential breaches of regulatory requirements and internal policies in accordance with established governance procedures.
- Engage with trading desks, Compliance teams, and control functions to gather information and assess surveillance observations.
- Assess and provide feedback on the efficiency and effectiveness of existing surveillance controls and identify opportunities for improvement.
- Actively contribute to the enhancement of current surveillance alerts, exception reports, and supporting procedures, and support the development of new surveillance tools and monitoring capabilities.
- Promote consistency in surveillance practices through collaboration and knowledge sharing with global surveillance teams.
Maintain a strong understanding of applicable regulations, market conduct requirements, communications surveillance obligations, and internal policies.
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Basic / Essential Qualifications

- Bachelor’s degree.
- Experience in Market Surveillance, Trade Surveillance, Communications Surveillance, Compliance, Market Conduct, or a related control function within financial services.
- Good understanding of market abuse risks and surveillance frameworks, including areas such as market manipulation, insider dealing, front running, and inappropriate information sharing.
- Understanding of financial markets and multiple asset classes such as Fixed Income, Rates, Credit, FX, Equities, and Derivatives.
- Strong analytical and investigative skills, with the ability to review trading, communications, and surveillance data and identify potential risk indicators.
- Ability to investigate surveillance alerts, document findings clearly, and escalate potential concerns appropriately.
- Good understanding of regulatory requirements, conduct risk principles, and internal control frameworks relevant to market surveillance.




- Strong written and verbal communication skills with the ability to articulate findings clearly and concisely.
- Strong stakeholder management skills and ability to work effectively with Trading, Compliance, and other control functions.
Sound judgement and decision-making skills, particularly when assessing and escalating potential conduct or regulatory concerns.
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Desired Skills

- Hands-on experience with trade surveillance and/or communications surveillance platforms and case management tools.
- Exposure to data analytics or reporting tools used to analyse large volumes of trading and communications data.
- Experience supporting the enhancement, calibration, or effectiveness assessment of surveillance alerts and controls.
- Knowledge of surveillance risks and regulatory expectations across multiple products, businesses, or global markets.
- Ability to identify opportunities to improve surveillance processes, controls, procedures, and monitoring capabilities.
Experience collaborating with global or cross-functional teams in a surveillance, Compliance, or risk workplace.
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You will be assessed on Critical Skills for the role such as strong market surveillance and investigative capability, combined with a sound understanding of market abuse risks and financial markets. The successful candidate should be able to analyse complex trading and communications data, identify potential misconduct or regulatory concerns, and exercise sound judgement when escalating observations. Strong stakeholder management and the ability to contribute to continuous improvement of surveillance controls are also critical for success.

This role is based out of Pune.

Purpose of the role

To monitor and analyse market activity for potential signs of abuse or manipulation, verifying that there is adherence to regulatory requirements and internal policies and taking action to mitigate market misconduct.

Accountabilities

- Monitoring market activities continuously, including order flows, prices, trading volumes and communications to identify potential irregularities or market misconduct.
- Conducting in-depth investigations to gather evidence and assess the risk of market manipulation, insider trading, or other misconduct.
- Business support in projects related to the firm’s market surveillance framework.
- Regulatory query and internal/external audit support.
- Provision of accurate and timely reports to regulatory authorities, internal stakeholders, and management regarding market surveillance activities, incidents, and trends.




- Execution of appropriate controls aligned to the Barclays control framework and related firm-wide standards.
- Control environment support in relation to data quality, model effectiveness and efficiency.

Analyst Expectations

- To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
- Requires in-depth technical knowledge and experience in their assigned area of expertise
- Thorough understanding of the underlying principles and concepts within the area of expertise
- They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
- If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
- OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate.
- Will have an impact on the work of related teams within the area.
- Partner with other functions and business areas.
- Takes responsibility for end results of a team’s operational processing and activities.
- Escalate breaches of policies / procedure appropriately.
- Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
- Advise and influence decision making within own area of expertise.
- Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
- Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
- Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
- Make evaluative judgements based on the analysis of factual information, paying attention to detail.
- Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
- Guide and persuade team members and communicate complex / sensitive information.
- Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

📌 Market Surveillance Analyst (Pune)
🏢 Barclays
📍 Pune