Register
Recruit Create CV
Unfortunately, this job posting is expired.
Don't worry, we can still help! Below, please find related information to help you with your job search.
Related keywords
Some similar recruitments
Chief Compliance Officer, Hedge Fund Miami
Recruited by Traxion Group, Inc 1 year ago Address , Miami, Fl $175,000 - $200,000 a year

Chief Compliance Officer, Hedge Fund Miami

Company

Traxion Group, Inc
Address , Miami
Employment type FULL_TIME
Salary $175,000 - $200,000 a year
Expires 2023-09-19
Posted at 9 months ago
Job Description
This is a full time role with an alternate investment securities company/hedge fund (aka ‘the firm’)
Location: Miami FL
JOB SUMMARY
The role of the Chief Compliance Office (CCO) is to provide independent oversight of the firm’s compliance with the NFA rules as well as CFTC and regulations, including opining on the adequacy and effectiveness of compliance processes and status of compliance through an annual compliance report, establishing procedures for remediation of non-compliance issues, providing training, administering policies and procedures, and following up with management on issues identified and the adequacy and timeliness of actions taken. In addition, the CCO is responsible for interacting with auditors and regulators, including regulatory examinations.

SCOPE
The Compliance unit serves as a regulatory advisory function to the firm’s senior management. The Compliance unit is responsible for ensuring that the firm complies with all applicable regulatory requirements and protecting the firm from regulatory and reputational risks. The CCO is responsible for overseeing the management of the firm’s compliance risk.

The anticipated salary range for this role is between $175,000 and $200,000. The specific salary offered to an applicant will be based on their individual qualifications, experience, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, the firm offers a competitive portfolio of benefits to its employees.
Responsibilities:
  • Provide thought leadership and subject matter expertise for compliance issues.
  • Responsible for the ongoing development, implementation and refinement of a comprehensive compliance program.
  • Continually assess the inherent risk of business units as well as the effectiveness of mitigating controls in order to minimize the residual risk of reputational damage, regulatory consequences and other operational risk through a testing and monitoring program.
  • Provide regular training to staff and specialized training, as needed to address ad hoc regulatory issues.
  • Maintain policies and procedures to reasonably ensure compliance with applicable regulatory requirements.
  • Communicate new regulatory requirements simply and efficiently to affected business and infrastructure to ensure compliance.
  • Create an annual compliance report to assess the effectiveness of regulatory compliance.
  • Design, implement and maintain Compliance systems to ensure consistency in achieving industry best practices and in minimizing regulatory risk.
  • Coordinate compliance regulatory examinations and participate in the coordination of responses to these examinations.
Qualifications:
  • Legal background and ability to handle certain legal aspects related to compliance.
  • Analytical knowledge of complex products, issues and people and the mix of those – and the operational, financial, systemic, and risk management processes around such products and services.
  • In-depth knowledge of the U.S. regulatory system in general and specifically knowledge of NFA and CFTC laws and regulations applicable to swap dealers. This knowledge is needed in order to service internal clients’ needs and to respond to regulatory demands. This includes the ability to devise win-win solutions for complex businesses against the evolving regulatory landscape.
  • Capability to drive consensus and, where appropriate, to take a firm position even in the absence of broad-based support.
  • Knowledge of the firm’s products and services, policies and procedures and business culture to reconcile regulatory needs with specific product and delivery channel needs.
  • Knowledge of the markets in which the firm operates in order to link our practices to those of the marketplace. This is necessary to align compliance requirements with business practices.
  • Judgment in handling complex and highly confidential matters with unquestionable character, integrity and professionalism.