Job Title: FINRA 3120 Testing Analyst
Location: New York City/New Jersey /Hybrid (4/1)
Firm Overview:
BGC Partners is a leading global brokerage and financial technology company. BGC specializes in the brokerage of a broad range of products, including fixed income (rates and credit), foreign exchange, equities, energy and commodities, shipping, insurance, and futures. BGC also provides a wide variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a broad range of financial and non-financial institutions. Through brands including Fenics, BGC Trader, Capitalab, Lucera, and Fenics Market Data, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. BGC, BGC Trader, GFI, Fenics, Fenics Market Data, Capitalab, and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC Partners, Inc., and/or its affiliates.
Responsibilities:
- Perform testing on the design and operating effectiveness of 3120 Supervisory Controls including assessing whether legal, regulatory, and internal policy outcomes are met by the firm’s Broker-Dealer legal entities and affiliates
- Assist the development of test scripts and thematic financial regulation-related test programs that accurately identify risk and lead to fact-based assessments of controls and outcomes
- Report on and draft written findings that clearly communicate the risk and impact of control gaps and negotiate risk remediation plans with stakeholders
- Establish and maintain effective communication channels with stakeholders in the Front Office, Operations, and other Control Functions
- Collaborate with Compliance Advisory and Central Compliance to support the development of an annual, risk-based Testing Plan
- Contribute to the reporting for required Annual Compliance filings including but not limited to the firm’s BDs, FCMs, SEFs and other regulated entities.
- Support continuous enhancement of the Testing Program by identifying and implementing improvements
- Assist the Management Team with other projects, as necessary
Qualifications:
- Prior experience in Internal Audit, Controls Testing team or experience assessing or testing the design and operating effectiveness of Supervision -related controls
- Strong communication skills, both written and verbal, with an ability to communicate effectively across a diverse range of stakeholders
- Demonstrated experience analyzing risks relevant to complex business processes, data, or systems with a check and challenge mindset
- Ability to work independently to manage projects and deliverables to completion
- Must have a working knowledge or understanding of the control functions of a Broker Dealer and/or similar entities i.e. FCM or SEF
- Familiar with CFTC, SEC, FINRA and NFA Rules
- Thorough understanding of the 3120 requirements
- Series 7, 24, 99 helpful
- 1-3 years industry experience
Educational Qualifications:
- Bachelor’s Degree required
Hybrid Working - We are currently operating a hybrid model for our shared services employees (including this role). We anticipate continuing these arrangements for the foreseeable future with periodic review.
Salary: $70,000 - $90,000
The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
