Overview

Here’s a little summary of the role

A well-established, top-tier international investment bank and diversified financial services firm seeks a Director level Compliance Officer to oversee the firm’s nascent Prime Brokerage business platform.

The Compliance Officer will play an important, high profile role in this division. He/she will perform compliance advisory and surveillance functions including administering key policies, monitoring activities to ensure compliance with firm policies and regulatory requirements, and maintain procedures to ensure certain controls are documented and performed. There will be interactions with the business, clients, management and regulators.

This will be a great opportunity for someone with Prime Brokerage experience to take on an exciting challenge which will enable you to accelerate your career as this unit grows.

What you’ll do on a daily basis

  • Providing ongoing Compliance advisory services to the Prime Brokerage business, which includes liaising with external regulators (e.g. FINRA, Federal Reserve), internal infrastructure support and front office personnel, in the development and implementation of the new prime brokerage product offering
  • Providing ongoing Compliance advisory services to infrastructure support teams in Finance, Operations, Client Services, Trade Control and Technology, covering operational requirements such as Net Capital (15c3-1), Customer Protection (15c3-3), Margin (Reg T and Reg U), Reg SHO, 10b-10 confirms, Prospectus Delivery, Unregistered Offerings
  • Providing ongoing advisory services and monitoring of the company’s regulatory reporting, including, but not limited to, FINRA INSITE, Form Custody, FOCUS Filings, Reg-T Extensions, Short Interest Reporting, EBS, OATS, LOPR (OTC & Listed), CAT NMS (upon go-live) and Section 13 Filings
  • Monitoring the activities of the Prime Brokerage and Equity Derivatives businesses to assess overall compliance with regulatory rules
  • Drafting and maintaining key policies and procedures
  • Collaborating with Technology and front office personnel on the development and implementation of solutions to address new regulatory requirements, second line of defense monitoring and surveillance capabilities
  • Assisting senior Compliance officers in coordinating U.S. regulatory exams by regulators such as FINRA, CFTC, SEC and the Chicago Federal Reserve and audits of Compliance by Internal Audit
  • Evaluating new business initiatives, regulatory developments and proposing customized compliance solutions within the firm’s risk tolerance and regulatory requirements
  • Identify potential areas of compliance vulnerability, risks and developments and lead projects related to the enhancement of the compliance program and strategic initiatives
  • Represent Compliance on internal projects relating to the development and implementation of trading and trade reporting systems for derivatives and related cash products

The skills and experience you should have to succeed

  • Subject matter expertise on rules and regulations pertaining to prime brokerage, equity finance and securities lending businesses required
  • Subject matter expertise on SEC, FINRA, OCC and Options Exchange rule requirements pertaining to this company’s Equity Derivatives business required
  • Minimum 7 years of experience in Legal, Compliance or Regulatory role required
  • Understanding of portfolio margining and synthetic prime brokerage a plus
  • Understanding of U.S. regulatory landscape, with a familiarity with the Volcker Rule and CFTC/SEC swaps rules a plus
  • Strong interpersonal skills in order to maintain working relationships
  • Excellent verbal and writing skills
  • Series 7 preferred, (Series 3, 4, 24, 30, 57 licenses are a plus)

Please email resumes to Jack Kelly at Jack@ComplianceSearch.com

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