Compliance, Swap Dealer Compliance; Monitoring and Testing), Vice President

Pay Competitive

Location New York/New York

Employment type

Full-Time

Req#: 110689 Global ComplianceOur division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm’s culture of compliance. Compliance accomplishes these through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory and reputational risk;

monitors for compliance with new or amended laws, rules and regulations; designs and implements controls, policies, procedures and training; conducts independent testing; investigates, surveils and monitors for compliance risks and breaches; and leads the firm’s responses to regulatory examinations, audits and inquiries. You'll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading.

We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape. Overview

Swap Dealer Compliance seeks an experienced Compliance Officer to advise internal stakeholders on implementation of CFTC, NFA and SEC swap dealer requirements, including developing relevant compliance program elements including policies and procedures, training, risk assessments, issues management, governance and management reporting, metrics and assisting in the remediation of noncompliance matters. This position will require engagement with the business, including Global Banking and Markets, Private Wealth Management and Corporate Treasury as well as with Compliance, Legal, Operations, Engineering, Risk, Finance and Audit stakeholders.

Knowledge of SEC, CFTC & NFA swap regulations is essential to uplift the compliance program and assist the firm’s swap dealing entities and their Chief Compliance Officers (CCOs) satisfy their obligations under relevant rules.

This is an exciting opportunity for an individual who enjoys investigative work and strong knowledge of the Title VII of the Dodd Frank Act and has worked to implement and/or review CFTC, NFA and SEC requirements for swap dealers and/or security-based swap dealers or been a tested Global Markets trading activities to investigate whether activities and practices comply with policies and regulations and the firm’s compliance control infrastructure.

This individual should be comfortable handling multiple projects and having daily interactions with senior members of the businesses and engineers.


Responsibilities:

• Lead for monitoring and testing within Swap Dealer Compliance
• Develop a swap dealer monitoring and testing plan
• Gather data, perform analyses, and document results
• Identify potential compliance, conduct and reputational risks, and effectively escalate to appropriate individuals
• Leverage strong communication skills to interact with compliance and senior business management
• Team with colleagues around the globe to share findings and refine processes
• Execute multiple projects at the same time and meet tight deadlines


Basic Qualifications:

• Bachelor’s Degree
• Broad knowledge of financial products, markets, and laws and regulations such as Dodd Frank Title VII and CFTC, NFA and SEC swap dealer and security-based swap dealer requirements
• Excellent interview, presentation, written communication, time management, and analytical skills
• Integrity, motivation, intellectual curiosity, and enthusiasm


Preferred Qualifications:

• Prior experience in Compliance, Business, Product Controllers, Operations, Legal, Regulatory, Audit or Risk Management functions in the swap dealer-specific /or Global Banking and Markets businesses
• Experience in the financial services industry, either working for an investment manager, broker dealer, law firm, accounting firm, or regulator
• Financial instruments product knowledge (a Financial Engineering qualification, CFA, PRMIA or FRM qualifications)
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