SpeedRoute LLC, Inc. (SPDR) is a regulated U.S. broker dealer that assists more than 100 U.S. broker dealers in the routing of their customer orders to various U.S. securities trading venues. To that end, SPDR connects to more than 40 discrete markets, utilizing sophisticated routing technology, and providing its broker-dealer clients customized routing solutions.

The CCO-PT will oversee the compliance program of the principal trading activities to be conducted by SPDR. The CCO-PT will ensure the firm adheres to all applicable regulatory requirements, mitigate compliance risks, and promote a culture of integrity and accountability. This role requires extensive knowledge of SEC and FINRA regulations, as well as hands-on experience managing compliance in a trading environment.

The CCO-PT reports to the President of SPDR and works closely with the entire SPDR team of technology developers, trading operators, and the two current members of the SPDR compliance team. This hybrid position is based in our Jersey City office (within a block of the Exchange Place PATH Station) and in-office attendance of 3 days per week is required.

Key Responsibilities:

Regulatory Compliance Program Development:

Design, implement, and manage the firm’s compliance program, ensuring adherence to all applicable laws, regulations, and industry standards (e.g., SEC, FINRA, MSRB).
Develop and maintain policies and procedures for principal and proprietary trading activities.

Regulatory Liaison:

Serve as the primary point of contact with regulatory bodies, including FINRA, SEC, and other relevant authorities.
Oversee regulatory filings (e.g., Form BD, Rule 606 reports) and respond promptly to regulatory inquiries, audits, and examinations.

Supervisory Oversight:

Ensure effective supervisory controls are in place for principal trading and proprietary trading activities.
Monitor and review trading activities to detect and prevent market abuse, conflicts of interest, and other compliance risks.
Manage compliance aspects of best execution, order routing, and trade reporting.

Risk Assessment and Monitoring:

Conduct periodic compliance risk assessments and audits of the firm’s trading activities.
Implement surveillance tools and systems to monitor trading for compliance with regulatory requirements and internal policies.

Training and Education:

Develop and deliver compliance training programs for employees, emphasizing ethical practices and regulatory responsibilities.
Keep staff informed of regulatory changes and their implications for the firm's operations.

Leadership and Strategy:

Act as a trusted advisor to senior management on compliance and regulatory matters.
Align the compliance function with the firm’s strategic goals, fostering a culture of compliance across all levels of the organization.
Supervise and mentor compliance staff, ensuring a high-performing compliance team.

Qualifications:

Experience:

Minimum 10 years of compliance experience in a broker-dealer environment, with a focus on principal trading or proprietary trading and managing algorithmic trading activities.
Experience managing compliance for principal trading activities, including regulatory reporting and trade surveillance.
Demonstrated expertise in SEC and FINRA rules governing principal trading activities.

Licenses:

Active FINRA Series 14 or 24. Strong preference for candidates who possess any or all of the following active licenses: 7, 55 or 57, and 99.
Additional certifications (e.g., CAMS, CFA, or relevant legal qualifications) are a plus.

Knowledge and Skills:

In-depth understanding of securities laws, FINRA rules, and principal trading regulations (e.g., Regulation SHO, Market Access Rule, Rule 15c3-5).
Familiarity with trading technologies, algorithms, and market structure.
Strong analytical, problem-solving, and decision-making skills.
Excellent communication skills, both written and verbal.

Education:

Bachelor’s degree required; advanced degree (e.g., JD, MBA) is a plus.

Compensation and Benefits:

Competitive salary commensurate with experience.
Comprehensive benefits package, including health insurance, retirement plans, and paid time off.

SpeedRoute

New Jobs

SpeedRoute | Chief Compliance Officer - Principal Trading | jersey city, nj