Summary
Global Markets Regulatory Compliance (“GMRC”) Advisory – Americas Director is responsible for providing advice on Swap Dealer and Broker Dealer regulations (including the global impact of relevant U.S. regulations) and internal policies and procedures to internal stakeholders, including trading and sales personnel and key support functions.
Key Responsibilities:
- Responsible for the ongoing development, implementation and refinement of a comprehensive compliance program.
- Coordinate compliance regulatory examinations and participate in the coordination of response to these examinations.
- Maintain policies and procedures to reasonably ensure compliance with applicable regulatory requirements.
- Communicate new regulatory requirements simply and efficiently to affected business and other functions/stakeholders to ensure compliance.
- 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 surveillance and monitoring program.
- Design, implement and maintain Compliance systems to ensure consistency in achieving industry best practices and in minimizing regulatory risk.
- Provide advice on relevant regulations and internal policies and procedures to internal stakeholders including trading and sales personnel and key support functions.
- Evaluate new products and activities to ensure compliance issues are identified and remediated.
Key Internal contacts
- All GMD business units;
- Legal department;
- Audit department;
- Risk departments; and
- Operations departments.
Key External contacts
- The Firm’s regulators, including but not limited to FINRA, SEC, NFA, and CFTC.
Qualifications/Education Required
- Bachelor’s Degree
- JD preferred
Experience Required:
- 8+ years prior compliance advisory experience, including interaction with US regulators.
- Experience in managing a small team of compliance officers
Specialist Training Required:
- Series 7 Series 3 and Series 24 (or ability to obtain within the first year of employment) preferred
- NFA SPR (or ability to complete upon employment) preferred
Competencies Required:
- In-depth knowledge of the U.S. regulatory system in general and specifically knowledge of CFTC and NFA rules and regulations applicable to swap dealers.
- Knowledge of Capital Markets swap products and offerings, policies and procedures and business culture to reconcile regulatory needs with specific product and deliver channel needs.
- Judgement in handling complex and highly confidential matters with unquestionable character, integrity and professionalism.
- Capability to drive consensus and, where appropriate, to take a firm position even in the absence of broad-based support.
- 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 offerings.
- A mastery of applicable CFTC and NFA rules and regulations; exceptional reasoning and analysis skills; attention to detail; strong oral and written skills, resourcefulness, among other abilities.
Skills & Knowledge Requirements:
- Working knowledge of all Capital Markets products, including Foreign Exchange, Interest Rate Derivatives, and Fixed Income Securities.
