Compliance, Swap Dealer Compliance, Associate, New York

Swap Dealer Compliance seeks a Compliance Officer to advise internal stakeholders on implementation and development 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 preferred 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.

Responsibilities:

• Review and educate internal stakeholders on regulatory updates and engage in advocacy and industry discussions on swap dealer matters
• Assist with the development of training for Associated Persons of the swap dealer and security-based swap dealer to educate and remind those employees of their obligations and expected behaviors
• Serve as an escalation point and assist in remediating non-compliance issues
• Assist in managing conflicts of interest and other issues that may arise in running the Swap Dealer Compliance Program
• Assist in responding to regulatory inquiries, audits, examinations and investigations, and liaising with regulators (SEC, CFTC & NFA)
• Advise the business on regulatory requirements, developments and expectations across the swap dealer regimes including swap data reporting, business conduct, margin among other areas
• Assist in drafting CCO annual reports for the firm’s swap dealer, futures commission merchant and security based swap dealer entities
• Assess the effectiveness of the relevant CFTC, NFA and SEC rules on a periodic basis together with obligations, risks and controls, including risk assessment activities
• Support the CCOs in administering their duties to overseeing the firm’s Swap Dealer Compliance Program
• Assist in developing monitoring and testing to review and challenge controls and implementation of obligations with Compliance and business teams, and work with Audit on their ongoing reviews
• Assist with the development and maintainenance of management reporting for Boards of Directors, CEOs and other senior stakeholders at the firm
• Advise and implement enhancements to the overall Swap Dealer Compliance Program, including policies and procedures

Qualifications:

• Strong interpersonal skills and the ability to manage processes and drive change and accountability with key internal stakeholders
• Bachelor’s degree level educated within a relevant field
• Experience writing and implementing policies and procedures, management information and reports
• JD preferred but not required
• 4-8 years’ experience in and knowledge of CFTC, SEC, NFA swap dealer regulations
• Assist with the monitoring, and testing of compliance programs
• Work effectively with personnel in different office locations and in different time zones
• Proficiency in Excel, Powerpoint, and Microsoft Office
• Product knowledge and regulatory experience within the OTC derivatives and securities-based swaps businesses a plus
• Effective communicator with senior stakeholders both verbally and written, including experience delivering trainings
• Exceptional attention to detail and strong analytical skills