Mukesh Halai
About Mukesh Halai
Mukesh Halai is the Global Market Conduct Surveillance Taxonomy Lead at UBS, where he has worked since 2019. He has extensive experience in regulatory compliance, having held various roles at JPMorgan Chase, Schroders, HSBC, and UBS, and possesses advanced degrees in law and business.
Current Role at UBS
Mukesh Halai serves as the Global Market Conduct Surveillance Taxonomy Lead at UBS since 2019. In this role, he leads the development of a comprehensive Global Market Conduct Surveillance program, which encompasses various financial instruments including Equities, ETD, FX, Rates, and Credit. He is also responsible for fraud pattern recognition and benchmarks surveillance. Halai leads product owners who monitor these financial instruments and fraud detection programs on a global scale. His position requires active engagement with senior stakeholders and regulators, representing Market Conduct on Management Committees within Compliance and Operational Risk Control.
Previous Experience at HSBC Bank plc
Before joining UBS, Mukesh Halai worked at HSBC Bank plc as the Head of Surveillance (EMEA) in Markets Regulatory Compliance from 2007 to 2015. During his tenure, he focused on enhancing surveillance mechanisms to ensure compliance with regulatory standards across the EMEA region. His experience at HSBC contributed to his expertise in market conduct and regulatory compliance, which he later applied in his roles at UBS.
Career Background at JPMorgan Chase and Schroders
Mukesh Halai began his career in compliance at Schroders as a Regulatory Reporting Analyst from 1998 to 2000. He then transitioned to JPMorgan Chase, where he worked as an AVP in Compliance from 2000 to 2007. His early roles provided him with a solid foundation in regulatory reporting and compliance practices, which he built upon in subsequent positions within the financial services industry.
Educational Background and Qualifications
Mukesh Halai holds multiple degrees in law and business. He completed his Bachelor of Laws (LLB) with Honours at Anglia Ruskin University from 1993 to 1996. He then pursued a Master of Laws (LLM) in Banking and Finance Law at University College London from 1996 to 1997. Additionally, he earned a Master of Business Administration (MBA) through Distance Learning from the University of London from 2002 to 2006. In 2020, he studied Digital Transformation at Imperial College Business School, further enhancing his focus on integrating automation and machine learning into surveillance programs.
Achievements in Market Conduct Surveillance
At UBS, Mukesh Halai has led significant initiatives in market conduct surveillance, focusing on the integration of digital transformation and automation. He has built strong relationships with senior front office personnel, management office, audit, regulators, model validators, and internal risk committees. His leadership in developing surveillance programs has contributed to enhancing compliance and operational risk management within the organization.